OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My wife and I have a friend who, we have recently found out, has been a victim of Eddy Jones. He's not sure how many annuities his "advisor" has sold him --- he thinks it's four or five. Ack! We are trying to slowly coach him towards better investing.
He's in his early 60s, has a BA in teaching history. He has not taught for years, though. Mathematics is not his strong point. He makes his living by cleaning homes and businesses and running a vending route. He is a prodigious saver and our guess is that he might have a $300-500K net worth. This includes a rental house he owns free and clear and expects to sell in the next few months. That will create some cash that we are hoping to keep out of Eddy's clutches.
On an unrelated investment effort, I came across a guy name Bill Schultheis and he gave me a copy of his book: The Coffeehouse Investor I was quite impressed and we loaned the book to our friend. He liked it a lot. He is also a prodigious reader, mostly of history and sometimes very dense history. So ... I need another book or two to feed to him and I am looking for suggestions.
I looked at my bookshelf, but I have Malkiel, Charles Ellis, John Bogle, and the like. All too mathematical and too much in the deep end of the pool for our friend. I am looking for something that is one small step more complex than The Coffee House Investor. (You can get a flavor here: The Coffeehouse Colloquy | The Coffeehouse Investor)
Thanks in advance for your suggestions.
He's in his early 60s, has a BA in teaching history. He has not taught for years, though. Mathematics is not his strong point. He makes his living by cleaning homes and businesses and running a vending route. He is a prodigious saver and our guess is that he might have a $300-500K net worth. This includes a rental house he owns free and clear and expects to sell in the next few months. That will create some cash that we are hoping to keep out of Eddy's clutches.
On an unrelated investment effort, I came across a guy name Bill Schultheis and he gave me a copy of his book: The Coffeehouse Investor I was quite impressed and we loaned the book to our friend. He liked it a lot. He is also a prodigious reader, mostly of history and sometimes very dense history. So ... I need another book or two to feed to him and I am looking for suggestions.
I looked at my bookshelf, but I have Malkiel, Charles Ellis, John Bogle, and the like. All too mathematical and too much in the deep end of the pool for our friend. I am looking for something that is one small step more complex than The Coffee House Investor. (You can get a flavor here: The Coffeehouse Colloquy | The Coffeehouse Investor)
Thanks in advance for your suggestions.