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Old 05-02-2021, 10:31 AM   #21
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The Four Pillars of Investing by William Bernstein. I have given it to several nephews and will give it to my DD soon.
Thank you - I sent her a Kindle copy from Amazon.
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Old 05-02-2021, 02:07 PM   #22
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Thank you - I sent her a Kindle copy from Amazon.
Great choice....that's what I was going to suggest. "The millionaire Next Door" Is a must read also IMO. Not finance, but a great book on learning to save and LBYM. As Bernstein says "Even if you can invest like Warren Buffet if you can't save you'll die poor."
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Old 05-02-2021, 02:12 PM   #23
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I highly recommend "The Wealthy Barber." Or, the book from SNL: "Spend Less Than You Make."
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Old 05-02-2021, 06:04 PM   #24
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“The Simple Path to Wealth” by blogger JL Collins. He wrote it specifically for his daughter of the same age as yours. Excellent and, as the title says, he keeps the investing part simple and focuses on all the benefits of a high savings rate and financial independence as soon as possible.
+1

There are other good books, several of which I have given to my adult kids including If You Can... and ChooseFI, but The Simple Path to Wealth is imo the best of the bunch on the fundamentals of investing.
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Old 05-03-2021, 05:57 AM   #25
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The Four Pillars of Investing by William Bernstein. I have given it to several nephews and will give it to my DD soon.
This would be my #1 rec as well.
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Old 05-03-2021, 09:02 AM   #26
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Any suggestions from the crowd? She has a degree in finance, so she knows a little already.
So presumably she knows the theory and mechanics from more thorough sources than a layperson book. I have "Behavorial Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases" on my shelf. It's a pretty thorough treatment of how to apply psychology, but not day on the beach reading. She probably has the aptitude for it. For the other daughter, check out Morgan Housel's The Psychology of Money, and the Boogleheads wiki https://www.bogleheads.org/wiki/Getting_started
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Old 05-03-2021, 09:22 PM   #27
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At some point the learning has to stop being theoretical (book learning) and become boots on the ground learning (invested money). Once they see a market decline (bear market) and real money disappears that is when stuff gets real. If they can hold on & see the other side & their money starts doubling will make them a believer in compound interest
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Old 05-04-2021, 01:05 PM   #28
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A nice starter book is 'The Millionaire Next Door'. It is rather repetitive, but does have a lot of common sense sort of info in it.
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Old 05-06-2021, 09:28 PM   #29
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Old 05-08-2021, 08:12 PM   #30
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This is the book I gave my daughter. Itís excellent:

Millionaire Teacher: The Nine Rules of Wealth You Should Have learned in School

It boils the basics down to 9 rules and is perfect for those who donít have the interest or patience to read the dozens of books I read over the years
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Old 05-10-2021, 06:36 PM   #31
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"Battle for Investment Survival" by Gerald Loeb.
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Old 05-10-2021, 06:54 PM   #32
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This is the book I gave my daughter. Itís excellent:

Millionaire Teacher: The Nine Rules of Wealth You Should Have learned in School

It boils the basics down to 9 rules and is perfect for those who donít have the interest or patience to read the dozens of books I read over the years
Millionaire Teacher by Andrew Hallam and If You Can by William Bernstein are my 2 favourite intro level investment books. Millionaire Teacher is an inspirational story of frugal living and low-cost investing, broader than most investing books and a great starting point.

For more detail I like The Four Pillars of Investing by Bernstein, but it's a long detailed book that I would not recommend as a starter unless it's someone that really likes financial topics.
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