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 These five books can help you achieve your financial objectives.

 

These starting books have been chosen with these thoughts in mind:  

    These books have these positives:

 

    help you with the language of investing

    help you get the big picture

    written by authors widely respected  by their peers

    written by authors whose ideas have stood the test of time

    written by authors who are not selling stocks, bonds, etc.

                           

 These books will lay the ground work for a very strong

   foundation on which you will be able to build

   your knowledge in the next few weeks, months, and years.

 

 All these books are at most libraries, book stores, and/or at Amazon.com      

 

After reading them you will be on your way to developing yourown investment philosophy and strategy

               

 

 

Book 1            DECODING WALL STREET    or  Any similar book will do. 

     

                                   by David Caruso

 

          Note:  Investing has its own language.  You need to learn the language!    

                               

    

Book  2      GUIDE TO UNDERSTANDING  MONEY AND INVESTING 

(any similar book will do)

                                    by  Kenneth M. Morris

 

This is a simply written, pictorial explanation of investment concepts and more.  Keep this book with you during those times you get caught in traffic or waiting in the doctor's office.  

 

Just by reading it over and over again you will be amazed just how much information you will retain and use in your other readings.

 

 

  Book 3         A RANDOM WALK DOWN WALL STREET                  by Burton G. Malkiel

 

Malkiel first wrote this book in 1973 ... and has updated it several times ... he has a new edition every few years.

                 

Now this particular book is over 400 pages.   Should you read the whole thing?  That's your choice.

 

However, if you have limited time, I suggest you read these chapters:

 

 Preface

 Chapter I  Firm Foundations and Castles in the Air

 Chapter 2  The Madness of Crowds 

                   (This will help you understand the dotcom meltdown)

  Chapter 8  A New Walking Shoe: Modern Portfolio Theory

                    (The advent of mutual funds and more)

  Chapter 9:  Reaping Reward by Increasing Risk

                    (Risk - a most important element in investing)

 Chapter 11:  A Fitness Manual for Random Walkers

 Chapter 13:  A Life-Cycle Guide to Investing

 

 

 Book 4     WINNING THE LOSER'S GAME           by Charles D. Ellis

 

This is a fun book to read.  Some of his ideas may surprise you.  Ellis speaks to the non professional investor (like you and me).   A must read! 

 

  Book 5       BOGLE on MUTUAL FUNDS            by Jack Bogle

 

   Jack Bogle started the Vanguard Group ...  I refer to it as the

     “Southwest Airlines” of the investment industry.

 

    He is not liked by the Wall Street “Blue Bloods”, as he  

      promotes “dollar cost averaging” and low “expense” investing.

 

    He started the Vanguard Group – a company you should check out

      at vanguard.com

 

                      

    I have chosen these books for several reasons including that 

       they are reader friendly to people without investment experience.

              

    By reading and studying these books you will be able to 

       develop your own investment philosophy and strategy.

 

   This takes discipline and time.        

 

For more information and/or questions you may have about investing, you can reach me at  inveducator@aol.com

 

  Good luck.

 

  Rusty

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P.S.   Take advantage of one of the greatest powers on earth:  

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                 COMPOUNDING INTEREST 

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         Start putting money into stocks now ... even if it is only a little ....

           you are starting a habit ... as your income grows you put in more money