The only investment book I've been able to get my DW to read all the way through was The Millionaire Teacher by Andrew Hallam. After reading it, she was all excited and acted like she understood what I was doing. We did our annual rebalancing and see did all the calculations. She was very pleased with herself. She had me buy copies for all of our children.
This book is the most simple of books on LBYM and index investing I have come across. It's way below the knowledge level of 99% of this forum's members but it is directed towards the totally novice investor. For that reason alone, I recommend this for your daughter to read. It gives you a base to discuss her situation and eliminates "lecturing" her.
Quite honestly, it is all anyone really needs to know. The mental gymnastics on portfolio development and asset allocation argued here add marginal value compared to whats discussed in this book.
This book is the most simple of books on LBYM and index investing I have come across. It's way below the knowledge level of 99% of this forum's members but it is directed towards the totally novice investor. For that reason alone, I recommend this for your daughter to read. It gives you a base to discuss her situation and eliminates "lecturing" her.
Quite honestly, it is all anyone really needs to know. The mental gymnastics on portfolio development and asset allocation argued here add marginal value compared to whats discussed in this book.
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