RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
I think their own brain is the best starting point. Then read when they have questions.
I think their own brain is the best starting point. Then read when they have questions.
I'd recommend the book "Investing For Dummies". It's a very easy, light read with a good bit of humor in it. The Bernstein and Bogle books are great for people in this forum, but for someone who really doesn't want to learn about this stuff, the Dummies book is not nearly as imposing to get through.
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...This weekend, my God Son got into a conversation with me about investing. I was shocked by his lack of knowledge. He's 36, newly married, and has a family income that's probably around $130K. I was appalled to learn that he wanted advice on how to invest $5,000. I began talking about index funds but quickly learned that he didn't know what an index was. So I started describing the three major indexes.
It occurred to me that the best solution would be to recommend an introductory book on investing. But I've never read a book that elementary. Do any of you out there know a good book on investing that starts at ground zero??
I have never read a book on investing, I just did it.
I think it depends on what his interest is and how much he likes to delve into details. For me, an engineer by training and profession, Bernstein's The Four Pillars of Investment is the best.
Jack Bogle is good at simplifying the topic. His black book on investing (or is it mutual funds) may be a good one to get started on.
Or, you "schedule" a session with him and walk him through the basics. For some people, that latter approach is best. I would prepare just as I would if it were a presentation to a customer/peer at work.
A Random Walk Down Wallstreet was a good read and has been updated many times over the years.
An excellent book.
It's true, I never read a book. I also never heard of all these guys you all are referencing all the time with their financial columns / blogs.
I just did it.
I thought you said your financial advisor did it for you.
How do you objectively measure this?The one that has the most growth during the good times and the least loss during the bad times.
That one is easy to measure!The ones that are the easiest to talk to and that also don't pester the crap out of me selling stuff.
I have read MANY investment books. By far my favorite was The Only Investment Guide you will Need by Andrew Tobias. It was updated last year or this year maybe. It covers so many topics from insurance to investments at a very basic level. He writes from a frugal perspective which most of us can appreciate and want to instill in the younger generation. I also like Simple Money by Tim Laurer.