Which one is the best personal investment book?

Question

too many books on the shelf , confusing

Answer 1

Which is the best painting in the world?
too many paintings on the walls, confusing

Depends on whether you want to learn or not. There is no one book, there is no one scheme or style or indicator, and there is no pot at the end of the rainbow.

If investing isn't interesting enough to you, then invest in a Mutual Fund or ETF and let it ride. Unless you're willing to devote yourself to the work of investing, you're spinning your wheels.

Most people don't care about all the ups and downs and girations or want to get involved night and day. The work a real job, have a family, and don't have time. But just a little knowledge, and a few hours on weekends to determine the trends and a few significant points of Support and Resistance for price, and you can do better than most Mutual Funds, because you can get out of the market at high risk points, and you can use Protective Stops.

Otherwise, use the Unified Theory, and forget it

Unified Theory of Everything Financial
Revealed in Dilbert and the Way of the Weasels
By Scott Adams
1.Make a will
2.Pay off your credit cards
3.Get term life insurance if you have a family to support
4.Fund your 401k to the maximum
5.Fund your IRA to the maximum
6.Buy a house if you want to live in a house and can afford it
7.Put six months worth of expenses in a money-market account
8.Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
9.If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio

Check the bottom line: A portfolio with an asset allocation of 70% in Vanguard's Total Stock Market Index (VTSMX) is doing just fine, performing remarkably close to the S&P 500 index. Moreover, that simple two-fund portfolio is perfect for the vast majority of America's 95 million investors who are passive much as Adam's Dilbert character.
The truth is, most investors have little or no interest in Wall Street's casino action; all the time-consuming research, the sophisticated stock-picking tricks, the costly trading necessary to play in a market drowning in 10,000 stocks, 18,000 funds and more than 100,000 bonds. Most investors have jobs and kids as their top priority. Moreover, Dilbert's simple two-fund portfolio compares favorably with our other lazy portfolios.

Beginner’s Books on Investing

"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Answer 2

I don't recommend a single book especially by any "Finance Guru" because these tend to include a more biased investment view. Each person has a different approach and strategy (some more aggressive than others). You have to look through a lot of these before you actually form your own opinion about your investments. I suggest getting a Basic Finance textbook which is more objective and less biased than the "guru" books. Try to learn more about risk-reward profiles of each investment instrument, the logic behind interest rate movements and how it affects your returns, and the basic mechanics of each investment instrument (stocks, bonds, etc.). I know doing the research will take a lot more time than expected. I guess my general advice is if you are getting books, get more than one, evaluate their different points of view carefully, read Yahoo! Finance. Honestly, not that I'm pushing Yahoo products or anything, but the columnists in Yahoo finance actually give you the different types of book people you will encounter in your investment research. Watch out for books like Rich Dad, Poor Dad because they promote a more aggressive strategy which is not advisable for beginners. Suze Orman is very conservative and promotes saving a lot, 401ks, etc. The others will give you more insight on stock investment. You have to take all their views with a grain of salt, and together with your basic finance knowledge, will help you have a more complete view of your investment options.

Answer 3

There is no best book, however I can recommend several books that are considered classics and should be read by every one planning to invest in the Markets:

The Intelligent Investor by Benjamin Graham
The Battle for Stock Market Profits (and his other titles) by Gerald Loeb
Liars Poker by Michael Lewis
One Up on Wall Street by Peter Lynch
A Random Walk Down Wall Street by Burton G Malkiel
Wall Street The Other Las Vegas (and his other titles) by Nicolas Darvis

Good luck with your investing and start slowly.

Answer 4

That is one of the advantages of libraries. You can try the books out with no up front cost.

Heck, I do not know what book is the best. However, I do know some good ones.

For a beginner that knows nothing.

"Investing for Dummies" A good book to give one a basic understanding.

"The Intelligent Investor" B. Graham This is a classic as is his other book "Security Analysis".

"Technical Analysis of Financial Markets" John Murphey. This book covers the A to Z of technical analysis.

"Stocks for the Long Run" J. Siegel. A good book.

"Common Stocks for Uncommon Profits" P. Fisher. Another classic on investing.

Those will get you started.

Dealing just with mutual funds and important sub-catagory of investing.

"Mutual Funds for Dummies" another good get you started book.

"The Morningstar Guide to Mutual Funds"

Most libraries carry the Morningstar Guides and also other stock market references

Answer 5

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Answer 6

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Answer 7

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Answer 9

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Answer 10

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