Curl up on the couch with a book (and maybe some coffee) and get ready to invest like a pro!
There is no doubt that the more you know, the better investor you will become. Knowledge is power, and when it comes to your money, you want to have all the power you can harness. To make you a smarter investor, we’ve put together a list of four books to help you make smarter investment decisions. From beginner’s guides to advanced strategies, there’s something for everyone.
1. John Bogle’s Little Book of Investing Common Sense
John Bogle (also known as “Jack”), founder of The Vanguard Group, creator of index investing and inventor of the first index mutual fund, passed away on January 16, 2019. While he may have left, he lives on as an investment icon. His most famous book, The Little Book of Investing Common Sense: The Only Way to Guaranteed a Fair Share of Stock Market Returns, has become a bible for many investors.
In the book, he emphasizes the importance of keeping fees low to maximize returns. The key to making this happen is to invest in low-cost index funds rather than funds actively managed by fund managers, which are often risky and expensive — taking into account all the commissions, manager fees, etc. He also discusses other topics such as mean reversion and tax costs. By reading this book, investors will be able to make informed decisions about how to make the most of their hard-earned money. This is a must-read for anyone who wants to start investing or refresh their knowledge.
price: $13.99 (hardcover)
2. A Random Walk on Wall Street by Burton Malkiel
A random walk on Wall Street This is a must-read for anyone trying to make the best investment decisions. First published in 1973, this classic advocating index investing has been updated for 21st century investors. Burton G. Malkiel, professor of economics at Princeton University, shares his insights on all aspects of investing, from stocks and bonds to cryptocurrencies known for their volatility. He also offered guidance on “tax loss harvesting,” a technique that helps investors minimize their tax liability. Whether you are a novice or a veteran, A random walk on Wall Street The best investment book money can buy.
price: $17.99 (hardcover)
3. The Bogleheads Investing Guide by Taylor Larimore, Mel Lindauer and Michael LeBoeuf
Bogleheads Investment Guide Topics included range from how to choose the right financial life to better manage your thoughts and feelings while investing. It is divided into 23 short, easy-to-read chapters. This guide also includes external resources and other information for readers who wish to delve into any of the topics covered by the author, who have been members of the Bogleheads Forum (“Bogleheads” refers to the investment enthusiasts in the forum dedicated to John Bogle’s memory) for a long time .
First published in 2006, the book was republished in 2014 with updated chapters on tax law changes, retirement planning, and backdoor Roth IRAs. If you’ve been managing your portfolio for years, Bogleheads Investment Guide is a great resource.
Price: United States$42.72 (paperback)
4. Nancy Tengler’s Women’s Guide to Successful Investing
Women’s Guide to Successful Investing Nancy Tengler’s investing books are what every female investor should read. This book contains a wealth of information on how to be a successful investor, covering a wide range of investment topics such as risk tolerance, portfolio construction, and asset allocation. Tengler also includes some case studies and real-world examples to illustrate her point. She stressed the importance of having a clear investment plan and sticking to it and maintaining self-discipline. This book is an excellent resource for any woman who wants to be a successful investor, and it’s worth the time and effort to read it.
price: $35.12 (hardcover)
So, if you’re looking for a way to become a smarter investor, check out the books on this list. They’ll teach you everything from how to spot financial scams to how to make sound investment decisions. Read them and put their advice into practice, and you’ll be a successful investor in no time!
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