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Could someone recommend a good book that was published within the last few years on investing. I want to learn how to invest for mid and long term. I prefer to buy a used book to save money if possible.
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I have heard of one in the last year. It is called, "How to send paypal payments to mr nice guys account." PM me for details.
But honestly what kind of investor are you? Technical, fundamental? (you are mostly going to find fundamentals here.) Do you invest for home ownership, tuition, retirement, vacation, etc? We need more detail -
Just curious, why does it have to have been published within the last few years?Originally posted by emanon1501 View PostComment
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To take into account of crazy stocks from the last few years.Originally posted by jpg7n16 View Post
Mid term would be for whatever I want, the long term would be for toys for retirement, i.e. RV.
I have 401k that is max out, and will max out Roth this year. So, I am looking to do some more as I have an account with Share Builder.Comment
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I highly recommend this book, or anything else by John Bogle (The Founder of Vanguard).
Amazon.com: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits) (9780470102107): John C. Bogle: BooksComment
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See there's a problem with that thinking - as though this has never happened before. 2008 was bad, but it wasn't even the worst year the market has had (that would be 1931, when the market fell 44%). Read this: http://www.nber.org/papers/w14760.pdf And you'll realize that it's more common than the media would have you believe.Originally posted by emanon1501 View Post
I don't believe anything's changed really. Good advice from before 2008 is still good advice.
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Although it's not a book, I'd highly recommend watching this hour and a half video: Warren Buffett MBA Talk
Excellent book, and virtually the only book on investing I recommend. Still has great investment advice. But it was written in 1949.Originally posted by cishemant
The author learned about investing through the great depression - which was significantly worse than today's economy. His first book came out in 1934, shortly after the worst stretch of market activity ever seen (1929-1932)
In 08, the market lost 37.2%. In that stretch around 1930, the market lost 63.2%
The whole premise of this book is to buy index funds. It was written before 2008, so the OP may not want it.Originally posted by nck4857 View Post
I've always found it odd that Bogle makes several references to Warren Buffett, as evidence for why indexing is a good idea - when Warren Buffett doesn't do index investing.
I honestly don't know of any good investing book written after what's gone on in the market. I do know of other good books that are still relevant, since 2008 really didn't change anything IMO.Last edited by jpg7n16; 03-15-2012, 08:16 AM.Comment
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I always liked Random Walk down Wall Street. The latest edition is 2011, so recent.
Amazon.com: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition) (9780393340747): Burton G. Malkiel: BooksComment
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I think Buffet (while a phenomenal fundamentalist himself) has always maintained that well diversified low cost indexing is the best route for most people.Originally posted by nck4857 View Post
Fundamental analysis is a hard thing to get right (lots of assumptions -ie. judgement calls- to make).Comment
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There's more to that story.Originally posted by nck4857 View Post
Warren Buffett MBA Talk - Part 8 - YouTube
Watch from minute 1 to minute 3.
Notice how I said I think it's odd since Buffett doesn't DO index investing. Buffett didn't get rich on index investing.
If you're looking for a book on investing, why would you pay for a book that says, "just buy index funds and hold for a long time" ?? Just read that sentence and save some money.
But what does Buffett say to those who want to bring an intensity to the game? Watch the video and see.Comment
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Yeah, he says that broad indexed diversified holdings is the way to go for over 99% of people. Basically, anybody that isn't an investment professional with the time, knowledge, smarts (emotional and intellectual) and so on to sucessfully pick stocks.Originally posted by jpg7n16 View Post
I disagree that indexing books are futile. You don't need to read a ton, but you need to have a firm grasp of the reasoning to not stray. I think most people hurt themselves not by indexing, but by not sticking to it (overponderate in favour of hot assets, sell in downturns and so on).Comment
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Also for index investing people get spooked easily and jump ship at the lows and buy at the highs instead of actually sticking the with strategy of dollar cost averaging and just investing for the long term. It works. I've done it with my DH's 401k and it has gone up over time. Invest and forget about it.
Just a few mutual funds some index, some not and that's it. I don't time the market. It's irrelavent.Comment
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There are some books, if you are beginning i would recommend "The Inteligent Investor", was published in 1934 by Ben Graham, but is a great book for the ones that one to take investments seriously.
You have: One Up on Wall Street, from Peter Lynch.
The Essays of Warren Buffett....Comment
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Here is a good place to look for any type of books on investing. Discount Investment and Stock Market Trading Books - Traders' LibraryComment
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