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Old 12-21-2010, 09:16 PM   #61
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Originally Posted by NW-Bound View Post
One of the books I picked up by chance from a used
The Battle for Investment Survival was first published in 1935, then updated through many editions. Mine was 1965, and I think the latest one was 1971.

Loeb's investing style was that of a trader, and in a way his thinking was somewhat like Nassim Taleb's, the author of the Black Swan books. Loeb said it would be far better to stay safe, and to wait to buy stocks only when they were dirt cheap. He said that if one was patient, over a long time, he could have a decent overall return, yet committed or risked only a small portion of his stash. If I remember correctly, he also warned that when buying dividend-paying stocks, one should be aware of the hazard of dying companies. He liked to buy stocks cheap, and to rely on capital gain. Nowadays, that's dirty market timing and a big no no!

I guess Loeb's book fell out of fashion because he did not offer a mechanical method to invest. He simply said that it was tough, and more like an art which one had to practice to master it.
Interesting - the above is pretty much my approach. I like dividend + capital gain plays. Buy low, sell high (or hang on for the dividends...)

I sort of made my own mutual fund.

I just put the Loeb book on hold at the library, current copyright is 2007. I don't know if that means it has been updated, though. I shall see.

Retired July 2, 2010 at 62. My only regret is that I couldn't do it sooner.
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Old 12-22-2010, 04:39 PM   #62
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Here are a few new suggestions. I haven't read any of them.

Invest in some good counsel with these five books - The Globe and Mail

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Old 12-23-2010, 06:41 PM   #63
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I retired just over 3 years ago. when I retired, I got a lump sum and decided to manage my own retirement money. In preparation, I read about 8 financial books. Admittedly, I did start to gravitate towards one type of investing........index funds.

Best Book: Coffeehouse Investor by Bill Schultheis. Investing your retirement money CAN be simplified. I found this book to be simple, short, easy to read, sometimes funny, and made sense to me.

Most Boring Book: Four Pillars of Investing..... fell asleep dozens of times, could not get past page 100. Sorry, I don't think investing needs to be this complex. This book is great for insomnia, however.

using an 8.5% withdrawal rate until SS kicks in
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