Best bonds investing books according to redditors

We found 125 Reddit comments discussing the best bonds investing books. We ranked the 24 resulting products by number of redditors who mentioned them. Here are the top 20.

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Top Reddit comments about Bonds Investing:

u/im14 · 1073 pointsr/AskWomen

Not saving any of my disposable income - if I invested even 10% of what I earned in my 20's I'd own a house now that I'm in my 30's, but instead I'm just now trying to catch up with that train.

EDIT: For those interested in learning to invest, I'll share some resources below. As for how I invest - I have 60% in high-interest 5-year CD account (about 3.1% APY) and the rest in mutual funds (VMVFX and VTMFX to be exact). I am putting 10% of my pre-tax income into my employer's 401(k) (they match some of contributions) and am contributing maximum amount possible to my IRA. Finally I keep about 5% of the cash in a savings account which provides a relatively low interest rate of 2% (but I can access that money at any time).

What I'm excited about: moving my investments to ESG (responsible environmental, social, and governance) funds. These funds carefully screen companies for negative impacts in that area - for example, tobacco and alcohol companies would be excluded, as would oil companies, and fashion retailers that use unsustainable labor practices. One such ESG fund is run by Vanguard - VEIGX.

Tips for saving: learn about concept of paying yourself first - that means automatic deductions into a savings account that you can't easily touch that happen after each of your paycheck. This has been the key to saving - automating it so that it's not something I have to think about - like a mortgage or bill payment - makes sure I don't spend the money meant to be saved. Do some budgeting to figure out where your money goes - there's lots of tools online, like Mint, that allow you to easily break down spending by categories and even set a budget. Estimate your living expenses (rent, food, bills, transportation) and prioritize saving for a 6 months worth of living in case of a job loss or accident. Learn about lifestyle creep and always live below your means - buy used not new, avoid cheaply made low quality products, think twice whether you really need the thing you're buying, can you get it used, can you borrow it? How much is the thing you're buying a liability in terms of maintenance, insurance, etc? Prioritize spending on yourself (experiences, learning, self-development) rather than on things.

Relevant reading:

u/sdbest · 99 pointsr/investing

You could start with A Random Walk Down Wall Street.

u/WiseStacks · 20 pointsr/PersonalFinanceCanada

Sorry for your loss..

Given your financial position (able to support yourself through school without borrowing) I would invest in ETFs, something like a Vanguard ETF with a minimal MER. I'd also transfer that mutual fund over to the same ETF as the management fees are typically too much, eating away at your returns. Even though the management fees may seem small, compounded over X years to retirement at age 21 is seriously significant..

If you invest this inheritance at your age and follow something like the 4% rule, you'll be retired before most people even start saving for retirement..

If you don't really follow what I'm saying, I highly suggest reading Millionaire Teacher.

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

u/hippotatobear · 16 pointsr/financialindependence

Hello! Also from Ontario Canada! The best advice I can give you is.... Spend less than you make (create a budget and stick to it), pay off all your credit cards in full every month, try to keep the life style creep to a minimum, and live in a low cost of living (LCOL) area (if you can).

In terms of buying vs renting there are calculators for that and it's personal choice, but try not to buy more house than you can handle (we live in the GTA so house prices are crazy right now...) If you can live with your parents for a while, you can save a lot of money that way too (just contribute to the household!! If not in cash, at least do the dishes and laundry or something...!).

If you want to buy and do nice things, budget and save for them! Striving towards FI doesn't mean you have to live like a pauper... But be reasonable and have your ultimate goal in mind.

Some nice books to read (that are Canadian!) Would be Millionaire Teacher by Andrew Hallam and The Wealthy Barber/The Wealthy Barber Returns by David Chilton (you can just borrow from the library as an e-book or actual book!).

Since you are unionized and have a pension, I would say max out your TFSA first (check out the index fund model portfolios from Canadian Couch Potato and then your RRSP (whatever room you have left after your pension adjustment) and once you still have money left over open a marginal account (if you you are married by then,max out both those accounts for your spouse before you open any marginal accounts).

Also, read the side bar and the stickied posts. Enjoy your journey to FI. It's important to plan for the future, but you shouldn't forget to enjoy the present as well!

u/AnnoyinTheGoyim · 10 pointsr/Drama

Read “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” by Seth Klarman. It’s only $1,000 on Amazon. https://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105

u/zardfizzlebeef · 9 pointsr/Flipping

One of the rarest books out there is "Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor" 1st Edition
by Seth A. Klarman
. Will fetch you $1,000+ on Amazon and people WILL buy it at that price.

There's a pretty interesting story behind it. Klarman is a famous investor and he only sold a few thousand copies then ceased production. It's considered a "holy grail" for anyone into investing/trading.

u/Beren- · 8 pointsr/SecurityAnalysis
u/Lynart · 8 pointsr/PersonalFinanceCanada

Take some of that money and invest it into some good books because Redditing will not give you anywhere near the amount of information a well thought out book will.

The one listed below covers a ton of information everyone should know involving the stock market, including mutual funds, bonds and etfs

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

u/bronyraur · 7 pointsr/Frugal

Agreed, rich dad blows. It's a complete joke along with most of the parents' book recs.

Edit: OP, in the spirit of being constructive I'm going to link you to one of my favorite investing books. It's written by one of the best contemporary value investors, Seth Klarman. Klarman, through his investment organization--The Baupost Group, has returned upwards of 20% annually for years. His 1991 book, "Margin of Safety", sells on Amazon and the like for $1500+.

Link to the Margin of Safety PDF

For a book about mutual funds you can do no better than "The Bogleheads Guide to Investing"

u/ResourceOgre · 7 pointsr/UKPersonalFinance

Aha! This is something of a hobby of mine.

I would recommend The Sterling Bonds and Fixed Income Handbook by Mark Glowrey

Much good free information is available on these sites:

https://www.fixedincomeinvestments.co.uk/ (https cert has run out but site is legit)

http://www.fixedincomeinvestor.co.uk/x/default.html

You seem interested in building a portfolio . This is a very clear description of how to go about it.

For ideas you may want a gander at the Fantasy Annuity Portfolio

I personally cannot stomach the artificially low returns due to QE from gilts & other government bonds, and turned to bond-proxies such as preference shares a long time ago. I have about 45% of my portfolio in about 25 varied FI instruments, they together with various state and DB pensions form the "Living expenses" part of the retirement portfolio. I accept that is at the cost of some additional risk. That element of my portfolio is less volatile than the equities.

For your entertainment I offer the most amusing bond analysis I have yet encountered. A flavour " Quite a few years ago passing through Paris on my way to Italy, I stayed with an old friend of mine. The son of a Vicar he had run off to Paris with a Sergeant in the French horse guards and was living in a small one-roomed garret in the Rue de Fauborg St Honore. ...."

u/elbyron · 6 pointsr/PersonalFinanceCanada

It really depends what you want to save for. Are you planning to buy a new car soon or go on a nice vacation? Saving up for a downpayment on a house? Saving for retirement? Some combination of these?

For any portion that is shorter term (car, vacation, house) you're probably good with just keeping it in savings accounts, though you might want to check out some high-interest TFSA accounts that probably pay a much better rate than what you're currently earning.

For retirement savings, you should invest in stock markets and bonds, though not directly. Mutual funds or exchange-traded funds are your best bet, ideally sticking with low-cost "index funds". There's a lot to be learned before you begin this journey, and so I suggest you start out by reading these great personal finance books:

  • The Wealthy Barber Returns, by David Chilton. You can still get a free copy here even though it says the free eBook offer expired Dec 31.
  • Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, by Andrew Hallam. Check your local library, or buy it on Amazon in paperback or Kindle.

    Both of these provide solid coverage of all the basics of personal finance, and a good intro into investing. They are somewhat lacking in the actual implementation of the investment strategies they discuss, so for that I recommend an eBook called The Value of Simple, which you can get from Chapters, Amazon, or from the author's website.
u/william_fontaine · 6 pointsr/financialindependence

> Yeah, that is why his book sells more than $1000 at ebay and Amazon !!!

Wait, seriously?

https://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105

Yep, it's $1,190.54. Holy cow.

u/TOMtheCONSIGLIERE · 5 pointsr/personalfinance

> I hope this is not too open-ended, but what would you folks say are the major pros and cons of investing in real estate vs e.g. securities?

You may not like this answer but you need to read about it from better sources.

-

If you want to know about real estate, consider buying this book. If you want to know about securities and markets, consider buying this book.

u/jacobheiss · 5 pointsr/investing

A lot of this comes down to how actively you want to engage in the process, how much of an "enterprising investor" you want to be as opposed to a defensive investor.

For the more defensive position, a lot of /r/investing appreciates Graham's approach emphasizing value, even if a substantial quantity of capital is devoted to playing the market itself (something Graham called speculating). If that approach is interesting to you--which seems likely given your stated desire for low to medium risk with steady growth--then the main adjustments you'd need to make are as follows:

  • Quit sinking the majority of your capital investment into just a couple stocks and stay away from actively managed mutual funds, too. For upwards of 80% to 90% of your capital, go with a balance of indexed stocks and bonds. A common way to do that is to subtract your age from 100 and let the difference be the percentage of stocks; in your case, we're talking 76% of your capital in indexed stocks and 24% in bonds if you did not set aside anything for more speculative forms of investment. If you set aside, say, 10% of your capital for speculation, then we'd be talking about roughly 68% of your total capital in indexed stock and 22% of your total capital in bonds. Periodically buy / sell to maintain this balance; some people who are really disinterested in closely playing the market do this only once or twice per year with long term success. Your goal here is to diversify your capital outlay in one of the most boring yet demonstrably low risk / consistent growth ways out there, and that is a portfolio heavily biased towards indexed stock and bonds. For a text that develops the logic and details of this approach, read The Millionaire Teacher.

  • There are tax advantages to contributing to a 401k; so, a lot of people would council maxing this out. Nevertheless, a 401k is just a type of account; you would still want to follow the principle in the previous point in deciding specifically what sort of investment you want to "point" your 401k towards. (I say this because some people are under the mistaken impression that a 401k is itself a form of investment, e.g. "I have some capital in stocks, some in bonds, and some in a 401k.")

  • With whatever quantity of capital you chose to devote to more speculative activity, say, 10% of your total capital outlay, think of this as your chance to experiment. If you like KO and WEN, great. As frequently as you want to play the markets, whether you want to go long on this stock or short on that, this (and only this) portion of your capital is yours to do with as you please. Have fun, but don't ever allow yourself to pull capital from your more secured forms of investment over to speculative activity if your goal is "low to medium risk with steady growth." Speculation is inherently risky; that's the way it works. And it's not something you can just do every once in a while with consistently solid results; it takes serious devotion.

  • Since you mentioned holiding a normal savings account and/or a CD, I'm going to mention that most folks council retaining upwards of 3 to 6 months worth of expenses in a totally liquid form of savings. This won't make you any money whatsoever (well, unless we wind up with a nice drop in inflation and you can take advantage of some pretty crazy rates select credit unions offer, like Baxter's "Rainy Day Savings" at 3.0% APY). But that's okay; the goal here is to have cash on hand for an emergency. CD rates are pretty terrible across the board right now; so, you're better off going with a high interest online savings account like ING Direct Savings or Discover Online Savings if you don't want to bother with or cannot get credit union membership enabling you to snag those nicer savings account rates.
u/dumbguy5689 · 4 pointsr/IWantToLearn

The following two books are highly recommended and also suggest Index fund investing. My wife and I just swapped everything over to this strategy as well.

Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
http://www.amazon.com/dp/0470830069

The Wealthy Barber Returns
http://www.amazon.ca/Wealthy-Barber-Returns-David-Chilton/dp/0968394744

u/directheated · 3 pointsr/investing

The cheapest used copy is $794 :-0

Did people here snap up all the cheap copies after your post?

u/jetez_vos_sabots · 3 pointsr/PersonalFinanceCanada

No worries! Learning this stuff can be fun so I do encourage you to read, at least the CCP website and guide. It's easy to get lost in a lot of the finance noise on the Internet so the CCP site is about all you need for basic knowledge of getting started. For books, Millionaire Teacher was the first book I read and it provides a solid understanding of passive/index investing (I actually gave a copy of this book to a friend today and she's loving it so far). The Value of Simple is the next book I read, which provides a straightforward description of the technical aspects of investing. When you get to the end of The Value of Simple, you'll make an investment plan, open a DI account, and you're off to the races. If you don't know the answer to something, search the CCP website or this sub and you'll probably find an answer (or an entertaining discussion thread).

These few websites and books are the totality of what I had when I got started. Now I also read Garth Turner and Mr. Money Mustace pretty regularly, partly for the finance talk but mostly for the entertaining writing styles. I've adopted a variation of Garth's millennial portfolio for myself but it's arguably more complicated than it needs to be: a CCP portfolio covers you globally and for fixed income and equities.

u/bman2017 · 3 pointsr/PersonalFinanceCanada

There are a few books by Andrew Hallam that I found useful.

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

https://www.amazon.ca/Global-Expatriates-Guide-Investing-Millionaire-ebook/dp/B00N99IK74/ref=sr_1_sc_1?s=books&ie=UTF8&qid=1483884205&sr=1-1-spell&keywords=millionaire+exapt

Other than that, questions asked on Reddit and the CCP have been helpful. Other books often recommended on this sub that I have read are often on personal finance in general, and what I like about Andrew Hallam's books is they are more on simple investing.

Once I found out how to view ETFs names and see what they meant, I googled ETF-A vs ETF-B. This helped me learn the difference.

The 3 largest ETF creators:

  1. Vanguard (all ETFs start with a V)
  2. ishares by blackrock (all ETFs start with an X)
  3. BMO (All ETFs start with a Z)

    I ended up just going with Vanguard. There is no reason you cant mix an match (BMO bond, Vanguard Canadian Equities, etc.) but you need to be aware of the different holdings of different ETFs.

    Example: iShares has south korea listed as a developed nation, where vanguard has south korea as developing. So if you buy the vanguard developed and the ishares developing nation ETFs, you would not own any south korea and you would lose exposure to companies like Samsung, LG, etc. You could also go with an ETF for all contries excluding canada (example: VXC - Vanguard excluding canada). You pay slightly higher MER but it keeps things simple. So you would hold VXC, A bond Fund (VAB for Vanguard), and a Canadian equities ETF (VCN for vanguard). If you wanted to break up VXC into 3 new etfs (you would have to manage 5 ETFS at that point), you would need to buy a US equities ETF (VUN), a Developed country ETF (VIU), and a developing nations etf (VEE). Or you can just keep it simple and manage 3 ETFs. CCP talks about transaction costs in some of the links i posted below, so there could be potential savings by paying a higher MER for the 3 ETF portfolio instead of managing the 5 etf portfolio.

    I would recommend the following posts on the CCP website:

    Posts on rebalancing:

    http://canadiancouchpotato.com/2011/02/22/why-rebalance-your-portfolio/
    http://canadiancouchpotato.com/2011/02/24/how-often-should-you-rebalance/
    http://canadiancouchpotato.com/2014/06/23/rebalancing-with-cash-flows/


    On ETFS:

    http://canadiancouchpotato.com/model-portfolios-2/
    http://canadiancouchpotato.com/recommended-funds/

    On Asset Allocation:
    http://canadiancouchpotato.com/2011/08/09/do-you-have-the-right-asset-allocation/
    http://canadiancouchpotato.com/2010/03/09/how-much-risk-do-you-need-to-take/
    http://canadiancouchpotato.com/2010/11/10/ready-willing-and-able-to-take-risk/

    How much canadian, US, Developed, or Developing equities should you have (no right answer, you will need to decide yourself):

    http://canadiancouchpotato.com/2012/05/22/ask-the-spud-does-home-bias-ever-make-sense/

    VXC (Vanguard Equities excluding canada) contains USA, Developed, and Developing - but these are not weighed equally in the index. So if you break it down into 3 ETFS - you should have a lot more of the USA ETF than the Emerging market. 56% of VXC is USA.

    https://www.vanguardcanada.ca/advisors/mvc/detail/etf/overview?portId=9548&assetCode=EQUITY##overview

    But once you finish your research and determine what ETFs, and the portfolio %s it is easy (2 hours/year to buy ETFs and rebalance).

    If you have concerns, or would like your portfolio reviewed - you can post it on this website. Personally, my breakdown is as follows:

    5% VAB (Vanguard Bond Fund)
    30% VCN (Vanguard Canadian Equities)
    The next 3 funds can be replaced by VXC - Vanguard equities excluding canada - but i opted for the cheaper more complex approach:

    40% VUN (Vanguard USA equities index fund)
    20% VIU (Vanguard Developed Nations equities indexed fund)
    5% VEE (Vanguard Developing nations equities indexed fund)


u/CEZ3 · 3 pointsr/personalfinance

Bogle-heads is a fantastic source of financial information

Vanguard is my go-to investment company.

A Random Walk Down Wall Street

The Little Book of Common Sense Investing

u/bro_can_u_even_carve · 3 pointsr/wallstreetbets

You seem to be very confused, maybe you should start here.

The quick and dirty version is that there is no way to "sell it for like $100" when other people are offering to buy it for $314.

u/silver_turd · 3 pointsr/personalfinance

For example: this is one of the basic Harvard MBA books...

Just read it... don't pay for a bunch of useless teachers.

https://www.amazon.com/Bond-Markets-Analysis-Strategies-8th/dp/013274354X

Here is another tip... BUY THE OLD VERSIONS, they are usually the minimum price of $.01 + $3.99 shipping

u/WellingtonWaterbury · 3 pointsr/SecurityAnalysis
u/JustJeezy · 3 pointsr/StockMarket

If you don’t already know the basics of the market (ETFs, bonds, options, order types), I just finished reading this book and it is an easy read that covers all the basics.

I think the Intelligent Investor by Benjamin Graham is a universal recommendation for investing strategy and fundamentals. It’s kind of a hard read because it can be boring as shit some times- which is why I did an audio book instead. Get a free audible trial and they give you one book free. Use it for that and take notes as you listen would be my advice.

Robinhood is probably the best option for new investors. If you sign up for web portal access it gets better. Especially with small initial amounts you don’t want to be eating up your returns with commission fees.

u/karenet · 3 pointsr/ottawa

I was going to recommend /r/PersonalFinanceCanada as well. I also recommend the following books:

  • The wealthy barber returns (only $10 and is sooo good!, I think it should be part of the high school curriculum)
  • Millionaire teacher

    They are both super easy to read and I can almost guarantee they will make you hate high MERs enough to switch to DIY investing or robo-investing.
u/ehcu0d · 3 pointsr/DaveRamsey

Got it.. 1st, find out from your employer if they offer an employer match. Make sure you capitalize on that because that is free money. 2nd, 15% of your income should go into retirement (pref. after tax- better to get taxed on ex. $5,000 now, then to get taxed on $2 million when you retire and withdraw). There are two types of mutual funds, actively managed (have higher expense ratios) and index funds (lower expense ratios). Vanguard has tons of low cost index funds (thats what the author in millionaire teacher advises. He shows data in their also on how index funds have outperformed actively managed throughout history.

Dave recommends the current mix of funds:
Growth and income: These funds create a stable foundation for your portfolio. Brant describes them as big, boring American companies that have been around for a long time and offer goods and services people use regardless of the economy. Look for funds with a history of stable growth that also pay dividends. You might find these listed under the large-cap or large value fund category. They may also be called blue chip, dividend income or equity income funds.

Growth: This category features medium or large U.S. companies that are still experiencing growth. Unlike growth and income funds, these are more likely to ebb and flow with the economy. For instance, you might find the latest it gadget or luxury item in your growth fund mix. Common labels for this category include mid-cap, large-cap, equity or growth funds.

Aggressive growth: Think of this category as the wild child of your portfolio. When these funds are up, they’re up. And when they’re down, they’re down. This volatile growth usually accompanies smaller companies. "So small-cap funds are going to qualify—or even a mid-cap fund that invests in small- to mid-sized companies," Brant says. But size isn’t the only consideration. Geography can also play a role. "Aggressive growth could sometimes mean large companies that are based in emerging markets," he adds.

International: International funds are great because they spread your risk beyond U.S. soil. That way your retirement fund doesn’t totally tank if America goes through an unexpected downturn. It also gives you a chance to invest in big non-U.S. companies you already know and love. You may see these referred to as foreign or overseas funds. Just don’t get them confused with world or global funds, which group U.S. and foreign stocks together.

source: https://www.daveramsey.com/blog/how-to-invest-in-right-mix-mutual-funds

Hope this helps. If you would like more details on how to invest I'd be glad to send you millionaire teacher free (https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069). Was actually written by a school teacher lol. I've been in your shoes and have always enjoyed guiding people. Seriously considering turning this into something I do on the side where I can help more people achieve financial freedom.

u/justjacobmusic · 3 pointsr/investing

If you don't want to make a career out of trading, a helpful rule of thumb is a 90 / 10 principle popularized by Andrew Hallam in his text Millionaire Teacher: Stick 90% of your capital in tax sheltered, virtually passive forms of investment like index mutual funds or ETFs with an IRA wrapper and stick the other 10% in whatever investment vehicle you want to learn.

For example, I put 90% of my capital in a batch of index funds and ETFs predicated on John Bogle's suggestion of "your age in bonds, the rest in common stock" index funds and ETFs by way of an account with Vanguard for my IRA and my company's 403(b) program. Vanguard makes this really easy through their target retirement funds, which automatically adjust the ratio of stock / bonds over time. I'm really interested in value investing; so, I take long positions in individual stock that meets the criteria Benjamin Graham identified in Security Analysis and The Intelligent Investor with the other 10% of my capital via a brokerage account with TD Ameritrade--this isn't tax sheltered like my retirement accounts but it's basically an ongoing education in investing since TD Ameritrade offers a ton of instructional materials on topics like options, commodities, etc. and I want to see my money grow.

Let's take a look at what this could look like for your situation. Starting with $5k and doing something like what I'm doing, you would:

  1. Open an account with Vanguard or whomever else you want to deal with for your IRA and invest $4500 there. If you follow that same rule of thumb I mentioned from Bogle, you could stick 18% of that in a bond ETF like BND, i.e. $810. Of course, you'll have to purchase in units equivalent to the going rate of the ETF shares, which $83.22 at present. So, you'd have to go with 10 shares for a total of $832.20 invested. Then, you could stick the rest in a total stock market ETF like VTI, whose going rate is $103.50 at present. To invest 82% of your available $4500, or $3690, you would need to buy 35 shares for a total of $3685.50 invested. But maybe all this seems way too complex to keep track of year after year; so, you could instead just invest all $4500 in a one-stop-shop composite index fund like Vanguard's Target Retirement 2035, which currently features a ratio pretty close to what you want between bonds and stock and will automatically adjust for you over time.

  2. Open an account with pretty much any other decent brokerage, study up, and invest your remaining cash in whatever you want to learn how to do. $500 is not going to buy you much stock, but you could pull off a few options plays with that amount of cash. The key here is to provide a context where you basically force yourself to learn how to invest by having an actual stake in the game. A lot of people advocate paper trading, i.e. executing trades with fake money but real stock market numbers, as a way to learn how to invest; however, we all behave differently when our actual money is at stake. It's better to learn with actual money, even if it's not much. As I mentioned before, I personally like TD Ameritrade because they provide a lot of instructional content; however, your mileage may vary.

    Any follow up questions?
u/dellyo · 3 pointsr/personalfinance

I'm never going to advocate against learning, but I think you should start with some reading before you decide to dedicate the time and money to a class. There are a lot of books on investing out there, but I can tell you the textbook used at my school for the Portfolio Theory course was Modern Portfolio Theory and Investment Analysis. If it turns out this is really interesting to you then by all means immerse yourself in the course!

u/pfdean · 3 pointsr/PersonalFinanceCanada

Hey dude, kind of in a similar position as you. Started reading about PF a little more than 2 months ago and wish I had started 10 years earlier, haha!

Take some time and read before jumping into anything! Here's what I started with:

Wealthy Barber

then read

Millionaire Teacher

and now I'm working through

Guide to Investing

and

Random Walk Down Wall Street

You will learn a crazy amount about investing with these few books.

I also keep my eye on the RFD Personal Finance forum along with Canadian Money Forums, the latter being a lot more mature.

Cheers!

u/The_Gongshow · 3 pointsr/wallstreetbets

I bought a couple of these when I was just starting out.

Nowadays I keep one or two around as paper weights and used the rest just to wipe my ass.

u/Bizkitgto · 2 pointsr/jobs

Are you saving/investing everything? Geez man....what kind of savings/investments do you have? You could easily pull back and work part time - if not now, maybe in five years? Are you single? I'd seriously consider downsizing/simplifying your life, save everything and invest like a shark. Have you read The Millionaire Teacher and lurked on r/financialindependence?? I don't make as much as you, but I'm re-evaluating my finances and seriously looking at taking a lower stress/lower pay job in a few years. Life is too short to waste away in Corporate America.

u/FKYS · 2 pointsr/finance

Yes OP, this is an answer you are looking for. Read about value investing, another good book to read is Seth Klarman's The Margin of Safety. And if you don't know who Seth Klarman is you have to look it up.

u/morridin19 · 2 pointsr/PersonalFinanceCanada

Depending on what you are looking to do I would recommend reading Millionaire Teacher, and then The Value of Simple.

Those two combined with reading some stuff at the Canadian Couch Potato Blog was enough to get me from 0-to investing.

u/amp1212 · 2 pointsr/investing

Not the technical junk. "Cups, bases" . . . you can ignore all of that. This is old school "chartistry", drawing lines on stock price charts, trying to find patterns.

When you look at IBD's "CAN slim" methodology . https://www.investors.com/ibd-university/can-slim/

it's basically a momentum investing style, and momentum investing generally has been successful for the last decade or more. IBD hasn't been any more successful than any other momentum investor, but you definitely could take note, there are a bunch of momentum investing funds available a ETFs, including one based on IBD's picks, ticker symbol is FFTY. Its a MUCH better idea than trying to pore over stock tables and calculate this stuff.

Momentum investing is really something you want to have someone doing algorithmically, rather than try to do it yourself, it involves a lot of recalculating, trading and portfolio rebalancing, which is both expensive and time consuming for an individual picking stocks.

And again, do yourself a favor: if you're new to investing, read

"A Random Walk Down Wall Street" -- now in its 12th edition, written by my old econ professor, Burt Malkiel. Its a disciplined look at all the things that provably _don't_ work. Reading charts is one of them. Market timing is another . . .

Or see his talk at Google "The Elements of Investing" on Youtube . . . its where someone new to investing should start.

u/[deleted] · 2 pointsr/investing

Investment professional here (well, a new one, I am an analyst)

Read this:

  • Link 1
  • Link 2

  • Link 3 (No the price is not a typo, try to find at a library)

    Do this

  • Start With a Fake Investing Account, I recommend investopedia's simulator. You are going to make mistakes, so why not learn from it early, when the cost is low.
  • When you are comfortable, open a brokerage account like scottrade, etrade, IB, etc.
  • Invest in companies you understand, and what I mean by that is you understand how the company is making money, and what is going to drive your investment in the future.
  • Know your investment thesis: Will a company's margins expand due to a new acquistion? Will their revenue grow due to the number of new restaurants they plan on rolling out?
  • If you are not willing to do all of this work, put your money in index funds or ETFs.

    Good luck.
u/B-A-H · 2 pointsr/PersonalFinanceCanada

http://canadiancouchpotato.com/couch-potato-faq/

http://www.theglobeandmail.com/globe-investor/investment-ideas/actively-managed-funds-vs-the-index-once-again-no-contest/article21580578/

http://canadiancouchpotato.com/model-portfolios-2/



Start by reading these,

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069/ref=sr_1_1?ie=UTF8&qid=1465920829&sr=8-1&keywords=millionaire+teacher

Then pick up a copy of this book.

Dont feel like you need to manage your own funds...this is a personal choice that a lot of people here like to do (you can make your expenses 0.17-0.2%). If you are not comfortable managing your own funds, there is nothing wrong with sticking with Tangerine's Indexed mutual fund (1.07%).

On a portfolio of 30k, tangerine would charge $321/year. If you took on DIY investing in ETFs, you could get this cost down to $60 per year + trading commissions. There is nothing wrong with paying a bit extra to keep things simple.


The Canadian Couch Potato blog puts some guidelines on how much you should have invested before switching to ETFs, but this info is outdated. Questrade (a discount brokerage) came to Canada since 2014 (I believe). With questrade you dont have to pay any fees to purchase ETFs, you can start low cost ETFs with a portfolio as small as $1000. ETFs are the cheapest form of indexed investing


Some other terms you might want to understand:

Dollar cost averaging http://www.investopedia.com/terms/d/dollarcostaveraging.asp?layout=infini&v=5B&adtest=5B&ato=3000


Investment re balancing
http://www.investopedia.com/terms/r/rebalancing.asp?layout=infini&v=5B&orig=1&adtest=5B
http://canadiancouchpotato.com/2011/02/24/how-often-should-you-rebalance/


u/calp · 2 pointsr/ValueInvesting

I finished Buffettology a couple of weeks back. Great book - really informative and gives a useful model for thinking about things.

Here are some other things I have read and enjoyed:

  • Intelligent Investor. Obviously a widely recommended book. I found Jason Zweig's edition with commentary quite useful - though his comments sometimes contradict the original text and are anyway pretty obsessed with the fallout of the dotcom boom. That said his additions are journalistic and so easier and easier to read that Graham's original prose.
  • Why Stocks Go Up and Down. I know a bit about accounting and finance but this book really explains the effect on equities (and also explains bonds). I need to review some of the later chapters

    I'm currently reading Value Investing Made Easy. /u/moumouren also recommended me The Warren Buffett Way which is sitting on my desk now.

    I'm not an expert though - like you I am just starting - so take all this with a grain of salt. Just some ideas.
u/TurdFurgis0n · 2 pointsr/investing

I found Investing 101 to be a pretty good beginner's book.

u/CPCPub · 2 pointsr/AusFinance

Growth is good, but you can do better by getting directly into the underlying funds themself. However, if you just choose 'growth' option, you'll be doing a lot better then most people who just ignore super completely and waste away a lot of potential earninigs.

It would be easy for me to say to you "just invest in X Y & Z", but the problem is that it would be much better for you, if you took the time to understand why I would be telling you that in the first place. Learning about investments properly and having a competent understanding will change & improve your life a great deal and will give you a big edge over other people your own age.

I highly recommend that you find & read this book:- https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

I recommend this book specifically because I have found it is very easy to read and not intimidating for anyone from a non-financial background. I used to give this book to staff members who worked for me in a previous job where I had a lot of 18-25 year old staff members reporting to me, and they all said they wish information like this had been taught in high school.

There are other books you could read of course, but I have found this one is the best for people who are "newbies" to dealing with finance, wealth & investments.

Of course, I'm happy to answer any other questions you might have.

u/wkrick · 2 pointsr/leanfire

You should check out A Random Walk Down Wallstreet

As I said in my other reply, if it were a profitable strategy, then there would be actively managed funds that took advantage of it and consistently beat the market. The transaction costs should be small for a mutual fund manager compared to the average investor. Even if it was a small profit, the fund would trade in large volumes such that a very small percentage becomes a large and worthwhile profit. Just look at high-frequency trading to see systems that exploit very small arbitrage opportunities to turn a profit.

There's lots of strategies that you could back-test against historical market data that look like winners. But just because you found a seemingly profitable pattern in the past (i.e. 5 down/up days in a row) doesn't mean that it will be true for future markets.

u/blindersclosed · 2 pointsr/NEET

When I was at my best non-neet period, I tried looking into options trading and ignorantly and promptly lost a month's salary. I just simview forex now, and would stay away from options/weekly/binary options in general. I'd also looked at investing as prep for retirement, but of course it's a hard dream and often a joke when one is almost-neet and low income and even for poor wageslavery in general. Just be aware there are a lot of scam ads on news sites, and more often on youtube now for trading and interestingly "flipping houses" is making a comeback. For a good primer on investment, I thought this cheap kindle book was good which was used as a textbook in my online community college intro investment course. (https://www.amazon.com/Investing-101-Essential-Profitable-Portfolio/dp/1440595135/). What I liked about the course and book is that it also covered bonds, municipal bonds, and treasury bills/notes, generally other ways of investing besides just the stock market or at least alternative types of funds for investment. I don't know about crypto, maybe too risky. A few days ago a fund pundit guest on CNBC's "Fast Money" was predicting bitcoin could go higher eventually to 25000 but CNBC is pretty much an after the fact reporting entertainment imo and there are guests with opposing views on it all the time.

u/legrandcourt · 2 pointsr/PersonalFinanceCanada

Depends, but basically you should try to balance through contributions rather than sales. If the TFSA is your only account:

  • if it's already full, balance with your contribution next January (the proportion of each fund you buy will bring it back in balance);

  • if it's not full, you can balance with each contribution by focusing on the underperforming assets at the time of your contributions.

    It's not crucial that you stay in balance all the time, especially if you're doing automatic contributions. One of the selling points of the couch potato is that it's easy and you only need to spend a few minutes, once per year, to bring it back into balance.

    More details found down this rabbit hole. (Also, read Millionaire Teacher if you haven't already.)
u/rocketman19 · 2 pointsr/PersonalFinanceCanada

I only bought them in December, but all of them track only one index (except the bond one), so it would be rather simple to calculate.

I'm guessing they are e-series versions of their regular mutual funds, I would stick with the indexes - lower MER and minimum investment.

Here's a great link:

http://canadiancouchpotato.com/model-portfolios/

Global Couch Potato option 2 is basically what I have with a lower bond allocation (I hold ETFs/Stocks in a BMO account).

This was also a really good read:

http://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069/

u/carnifex2005 · 2 pointsr/PersonalFinanceCanada

Since you're just starting out, highly recommend you read Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School.

u/MrVercetti · 2 pointsr/personalfinance

Millionaire Teacher is the book I wished that I had read before I started investing and that I like to recommend to beginning investors.

The Little Book of Common Sense Investing is the book that opened my eyes and set me on the right path.

u/ItsAConspiracy · 2 pointsr/fatFIRE

William Bernstein is fantastic for learning the basics of asset allocation. The Four Pillars of Investing is probably the best overview, with a lot of practical advice. If you want a little more underlying theory, with just a bit of arithmetic, get The Intelligent Asset Allocator.

u/rhunter99 · 2 pointsr/PersonalFinanceCanada

Read some books like millionaire teacher. It's easy to read and it will give you a good place to start

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

u/wpawz · 2 pointsr/investing

Portfolio theory (the art and/or science of composing a diversified portfolio that both reduces risk and maximizes returns) is an extensive subject undergoing active research.

If you like to dive right in, a good place to start is Modern Portfolio Theory and Investment Analysis, 9th Edition. This book will provide you with both the theoretical background and concrete tools to reason about portfolio design.

If you're looking for something lighter, you can check out some of the model portfolios of Vanguard to get a general idea of what kind of risks and rewards you can expect from various asset allocations.

Since you're based in the UK, iShares has a range of ETFs covering the major asset classes which you can use to compose your portfolio through your broker of choice. As others have commented, DeGiro has reasonable commissions for UK residents.

Your broker of choice (or even your bank) might be offering on-boarding seminars or webinars to get you started, make use of them!

Finally, if you're just starting out, or if you're planning to start with a small amount of capital (under 2000 GBP initial capital, or under 250 GBP monthly deposit), it might be worthwhile to talk to your bank. They may offer professionally managed diversified funds for your desired risk appetite which are accessible through small regular deposits.

u/essmac · 2 pointsr/investing

I just started reading A Random Walk Down Wall Street by Burton Malkel (latest edition is 2019), and it's pretty good so far. I've also seen several recommendations for John Bogle's The Little Book of Common Sense Investing, though I haven't read it yet.

There are also free courses on Coursera to get your feet wet (e.g. Robert Shiller's Financial Markets class, Yale Unv). These aren't always designed for your everyday retirement investor, but Shiller's course is still really informative.

u/maverick_235 · 2 pointsr/CanadianInvestor

Read the The Millionaire Teacher, it’s all you really need to know.

Check out Canadian Couch Potato

Check out Bogleheads forums to learn more.

Simplicity is best.

u/CJOttawa · 2 pointsr/PersonalFinanceCanada

Read this book first: "Millionaire Teacher." Seriously, run, don't walk, to the nearest Chapters and buy it. GO. NOW. Before the internet hoards descend on you! ;)

Next book: "The Wealthy Barber Returns." (skip the first "Wealthy Barber" book which, having been written in the 1980s, the author admits is out of date)

Those books will give you the "what" and "why." The Canadian Couch Potato website will give you the "how."
http://canadiancouchpotato.com/couch-potato-faq/

http://canadiancouchpotato.com/model-portfolios-2/

u/hanksredditname · 2 pointsr/AskReddit

Finally - some decent investing information on reddit. For anyone who is looking for more info, I recommend you check out Millionaire Teacher - its a simple investing book for low-mid income earners and its written so anyone can understand it.

u/philocrash · 2 pointsr/financialindependence

Congrats on cleaning out that debt! I know the great feeling I had when we finished off my wife's student loans, you really can't beat it.

Just putting in my two cents here. The book "The Millionaire Teacher" has a great section on things to watch out for in Financial Advisers (link). They also list typical things Financial Advisers will say and how to respond to them. Great ammo for any meeting with one.

That being said, if you are confident in your principles of investing (indexing, expense ratios, stocks/bonds mix) AND you understand HOW the Edward Jones guy is being compensated, then you may consider the meeting.

Even with all that, I wouldn't allocate any significant portion of my stash with anybody from Edward Jones.

Personally I like to meet with people like this. I like to bust their balls and see how well they know investments, early retirement, tax law, picking stocks, what their personal investments look like, insurance (for early retirees), education level, trading experience, net worth, etc. It's like being a black belt in personal finance and checking out a rival school to see what they have to offer (or not offer).

u/Silly_Balls · 1 pointr/Bitcoin

Margin of Safety

Seriously this is like one of the best known investment books out there. It's up there with Intelligent investor, and Security Analysis...

u/randomwalktoFI · 1 pointr/financialindependence

Even though bonds are more mathematical in nature, it's still easy to misinterpret how they function as investment products. It would probably not be a bad idea to pick one up before investing too far into a specific plan.

A good example is the idea of duration. Most online material simply refers to duration as the amount of risk and potential loss/gain due to rate shifts. This isn't necessarily wrong; but I prefer thinking of it more as the amount of time it would take to recover from the shift. When a bond goes down in value, its effective yield also increases; that also means that as I receive coupon payments, I can reinvest them at this higher yield as well. After a period of time, the increased coupon payments catch up with your losses and you are "whole" again, but you are now receiving payments at the higher rate. So, duration can also represent the length of recovery time.

In the case where I would be looking at a ~5 year plan with intention to still hold bonds after that period, I would not be too terribly concerned about holding a bond fund with a 2 year duration. My total outlook is certainly farther than that (some expenses spread between 0-5y and then some remaining for "perpetual" investment) and I have time to recover.

I read this book over the course of a couple days and felt it served well as a good enough education for my needs. Nothing terribly shocking, but understanding enough that eventually got me over my personal concerns with low interest rates. At the same time, I'm sure there are plenty similar ones you can find free in a library.

https://www.amazon.com/Why-Bother-Bonds-All-Weather-Independence-ebook/dp/B00PL7WS16/ref=sr_1_7?ie=UTF8&qid=1524769112&sr=8-7&keywords=bonds

u/shaman786 · 1 pointr/IndiaInvestments

>So even if the cash is used in re-investment, it will still add to reserves/retained earnings, right?

Correct, it is still the retained/reserve from the profits owed to the shareholders.

>So companies with earlier years reserves kept in excess cash or liquid investment instruments don't need to do this "bonus debenture" trick - they can directly use that cash which will reduce both "cash" on the asset side & also reduce the reserves on the equity side. Is this right?

The reserve remains the same. Cash reduces.

>So if a company is issuing paid up bonus shares, it's just jugglery on paper - they are taking subtracting X from the retained earnings figure & adding X to the paid up equity figure. I am not sure what purpose this serves other than increasing liquidity of the stock (per stock value reduces without changing the total value in the hands of the stock owner).

Dividends are a taxable event. With 2019 budget buybacks are also taxable event. Companies are expected to return cash to shareholders. Some might opt to return "value" to the shareholders instead. What and how they do is very debatable. A good primer on this is: https://www.amazon.in/Why-Stocks-Go-Up-Down/dp/0989298205

It is basic financial calculations and goes into each calculation step by step.

>If a company is instead of issuing bonus debentures, it seems to be a form to taking a loan from the stock owner instead of taking it from the bank or from debt investors. I am not sure what to make of this - whether it's good or bad from the stock owner's point of view - on one hand, it may be a cheaper loan than what the company can get from the market, but on the other hand it has decreased the assets on the balance sheet!

Assets remained the same because for the money the company got BDAL's aircrafts and buildings etc in return.

Bonus debentures are not a bad idea per se, if they need the money. What they did was give two dividends one year and next year asked for excess money. Interest rates are low, so there are many companies which have chosen to take loans (from banks or otherwise) and continue to give dividends to shareholders. It just increases leverage, I don't like it but some might think it is the best use of cash.

u/martinarcand1 · 1 pointr/PersonalFinanceCanada

>I use her car for work

Shouldn't you have some sort of insurance then?

>(down approximately 6% on the year)clearly i suck at that game.

I recommend you read up on some books! (An index of stocks are up 7.69% in Canada so far this year and 4.16% in the USA)

A good one about investing is "The millionaire teacher". It's a good book for everyone.

Another more 'general' one about finances is "The Wealthy Barber Returns".

Also a general website: http://canadiancouchpotato.com/


u/DivEarner · 1 pointr/investing_discussion

There are a number of books or blogs that you can follow as well.
Millionaire Teacher book
DividendEarner
SureDividends

Start somewhere and you will adjust what you need to learn.

u/MusicalWrath · 1 pointr/personalfinance
u/medstudent22 · 1 pointr/investing

Thank you for your replies. I still don't necessarily understand how people lose money on bonds if they hold them until maturity. I know that increases in inflation make bonds bad to hold, but how does a bond fund report a negative return? I was planning on structuring something where I have some amount set aside in CDs and/or a bond fund then put 20% of the remainder into 5-yr bonds, 30% into 3-yr, 50% into one year bonds (though I have put almost no thought into this and would have to weigh the effects of fees into everything). Could I ever get less back than principle - fees? I'm reading a book and wouldn't look to actually enact any of this until I had a much better understanding of bonds, though I do look at the act of buying and holding actual bonds as a valuable learning experience.

u/KamikazeEmu · 1 pointr/personalfinance

I recommend you read up on index investing. This is a good book:

http://www.amazon.ca/dp/0470830069

Also understand the power of passive investing. Another good book:

http://www.amazon.ca/gp/product/0470592206/

At the very least read the first recommended book. I feel that index investing is the best way to go, but you should do your research and decide if you think it is as well.

u/Xterra · 1 pointr/personalfinance

Read up before taking our advice.

u/amazon-converter-bot · 1 pointr/FreeEBOOKS

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u/attofreak · 1 pointr/IndiaInvestments

I am just learning the very basics of stock trading. I started with Why Stocks Go Up and Down, and if I am done with it, I'll try Little Book of Value Investing. Maybe by then I will be able to comprehend The Intelligent Investor. The last one is considered a classic, but also too dense for novices.

u/jeansaddiction · 1 pointr/wallstreetbets

I'm reading Margin of Safety right now, though it is extremely expensive. Was recommended to me by someone in another thread. It's about value investing.

u/flashbang123 · 1 pointr/asktrp

Compound interest is the closest thing to magic in this world. You need to at least learn the very basics of investing. Check out r/financialindependence and read this and this.

Never stop exercising. Start doing 5x5's if you aren't already. If you have time to watch TV you have time to lift.

Don't waste your time and attention on mental opiates. Kill your facebook account. Fuck social media.

u/DoYouSpeakItZ10 · 1 pointr/FixedIncome

TreasuryDirect.gov is great for individual bonds.

I got this book . Great breakdown and has an All Bond portfolio idea as well.

u/Berries_Cherries · 1 pointr/politics

The top 1% pays 47% of all taxes, here are some sources TaxFoundation, Wall Street Journal, CNBC, and finally The IRS.

Now I want the bottom half who [pay 2% of all taxes] to pay their fair share.

Now the question becomes what is someone's fair share? Is it proportional to the amount of wealth someone has, The top 1% have 34.6% of the wealth but as I pointed out earlier they pay 47% of all taxes.

My solution is to take away voting rights for people who are net negatives when it comes to taxes; that is, you should not be able to vote to take more of someone's money because you feel you deserve it.

____

Millionaire flights are already happening in The US, France, and in the UK (three sources there) to the tune of billions in lost tax revenue.

____

Read this book called Millionaire Teacher It’s true that many millionaires have earned their money by starting (or selling) their own businesses or finding high-paying positions within organizations. But this certainly isn’t the only way to amass $1 million. In his book “Millionaire Teacher,” Andrew Hallam explains how he saved over $1 million as a teacher well before retirement age, outlining how he used low-cost index funds and a disciplined approach to saving, investing and living on a budget to build a nest egg most of his fellow teachers would envy.

In addition to investing in the stock market, like Hallam, other millionaires boost their bottom lines by adding second jobs or passive streams of income. For instance, investing in real estate can allow a middle-income wage-earner to develop rental income as a second, reliable income stream. Artists who pay the bills and invest with the income earned through a day job might sell paintings for hundreds or thousands of dollars on the side and bank the extra income. Those who don’t earn million-dollar paychecks can still reach the $1 million mark; it just requires discipline, creativity and focus on the goal.

The largest group of millionaires from 2014 actually came from mediaGraphic chart

____


Our problem with economic growth is that the government pushed everyone to get a college degree so hard that now even the most menial jobs are asking for a degree and years of experience, either internship or volunteer/hobby, or a masters degree for relatively basic work. The government created an education bubble and when our manufacturing jobs went overseas, which was always going to happen due to our short term WWII based monopoly on manufacturing (We bombed nearly all of Europe's manufacturing and China was still agrarian), creating a bubble and popping. So now we have a bunch of college educated kids fighting for minimum wage jobs for two main reasons:

  1. Education inflation

  2. Housing bubble bursting, again the result of government encouraging banks to give out NINJA or No Income No Job Approved loans. Which tanked the market leading people to lose life saving both in the stock market and in home values prolonging, sometimes indefinately, retirement for some workers; for some of our younger workers that means no higher paying jobs because there are no openings and a glut of labor driving wages down.

    The following is from a HUD memo quoted here

    >For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership.

    ____


    Cool, so the housing crisis was largely a problem of government telling people to go out and buy houses, in some cases four or five, that they could not afford and the banks that we instructed by HUD to lend them the money anyway. Next, you have the college bubble, both the education bubble and the accompanying debt bubble, which are due to pop within the next three to five years at most, again due to government overregulating and pushing an equality of outcome secnario.


    Now if you want to increase my taxes, which we have already established I pay a disproportionate amount of (47% on total percentage, 34.6% on wealth – which isnt even taxed) to fund what? Another government intervention in social welfare, or even worse social justice, that will cause a new created asset bubble and tank the economy in 20 years for my children?

    No thanks.


u/cdnson · 1 pointr/vancouver

> Is it silly to ask a professional for their help on my first trades and pay them for their service?

Not at all, plenty of smart and well-paid people do it.

The thing is, there is plenty of evidence that paying someone to manage your portfolio is just not worth the fees. IMO, internet_poster is right about buying index funds.

I highly recommend this book:

Millionaire Teacher

It is available at the public library.

u/JeffB1517 · 1 pointr/investing

I think you'll get a lot of good advice on stock picking. Find out if there is a https://www.aaii.com/ near you. They help people start on stock picking.

The rest of the advice is about portfolio design. Stock picking doesn't get you out of portfolio considerations. You can use funds and say allocate 10% to stock picking or do your own stock picking across the board or at least domestically. You have to decide that. I stock pick but the vast majority of my money is in funds (more of the 90/10 approach). I don't know my Brazilian REITs or German utilities but I want broad exposure.

I don't usually recommend this book to new investors but you seem mathy so I'd say first asset allocation book: https://www.amazon.com/Intelligent-Asset-Allocator-Portfolio-Maximize-ebook/dp/B005XM6NRY

u/iratepeopleok · 1 pointr/investing

This was my first investing book


https://www.amazon.com/Investing-101-Essential-Profitable-Portfolio/dp/1440595135


Honestly, I hate how every single person when they recommend an investing book to a complete beginner, they forget they’re a complete beginner.



Every book recommended here won’t let you understand practically anything if your an actual 100% beginner. I always recommend the book I listed above, it will literally run you down everything



Economy, stocks(actual explanation of wtf your doing, not overly complicated investing strategy, that while effective don’t help a complete newb in investing) bonds, real estate, crypto etc. each chapter is like 30 pages but the investing one is the longest. It’s a really fun read, 10/10 would recommend

u/someuname · 1 pointr/vancouver

[Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School] (https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069/ref=sr_1_1?s=books&ie=UTF8&qid=1481135004&sr=1-1&keywords=Millionaire+Teacher%3A) seriously this has been a bit of a godsend and has changed a lot about the way I think about personal finance.

u/Drekalo · 1 pointr/business

The book is 7.50 on Kindle.

https://www.amazon.ca/Wine-Investment-Portfolio-Diversification-Collecting/dp/1891267841

Here's the brief:

Mahesh Kumar, BA (Hons), ACMA, ATT, CMC, MBA a London based, chartered accountant and financial professional develops the Fine Wine Index and documents how investment in fine wines over the past 20 years equal 'or exceed' the return from stocks and bonds. Based on the Nobel Prize winning portfolio theory of Harvey Markovitz, the author provides a mean-variance model with expected return, standard deviations (risk) and correlations between asset returns. Since portfolios including Fine Wines have higher Sharpe ratios than stocks and bonds only, they have a higher expected return per unit of risk. Extensive data and charts document the performance for each investment for every 5 year period since 1983. The 'blue chip' wines and vintages are discussed and strategies for reduction of risk by buying the right wines at the right time are recommended.

u/jstbcs · 1 pointr/personalfinance

A "rule" I have heard over and over is keep a 6 month emergency fund. If you cut it down to that you free up 80k, I enjoyed this book. http://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

TL:DR. put 80k into an index fund.

u/upachimneydown · 1 pointr/japanlife

> every time I get an idea to invest and start reading about it I get frustrated and give up.
> It can't be that hard because it seems like everyone and their baby has investments in one thing or another but I'm too dumb to figure it out.

Read one book: The Millionaire Teacher.

u/leftoverpaninicrumbs · 1 pointr/phinvest

I would suggest Investing 101 for beginners because it's an easy read and discusses topics in simple, layman's terms before delving into the more complicated terminologies. It helped me a lot when I was a newbie myself. Although it doesn't tackle investing in the Philippines itself, it does give very helpful information on investments and the basics. Got a copy from Fully Booked. :)

u/lrnz13 · 1 pointr/datascience

Here’s the recommended book for my class.

My professor doesn’t require any textbooks for the class. He uploads all lecture notes here.

The quarter is almost over. If you want the notes, you should download them asap before he takes them down.

u/alt_esp · 0 pointsr/finance
u/dcc123 · 0 pointsr/badeconomics

Margin of Safety by Seth Klarman. The market has spoken and it's the best.

More seriously, I'd go with Security Analysis by Benjamin Graham and David Dodd. It's a little more dense compared to Intelligent Investor, but definitely digestible with an undergrad understanding of econ.

*Oh, and the Hull text is the derivatives bible.

u/pigs_get_slaughtered · 0 pointsr/news

>SS invests its money by buying US treasury bonds, that is the only investment it can own, by law. Those bonds are widely considered the safest investment available. The alternative is holding cash, which has its value eroded by inflation and nets 0 return.

It's strange to speak of misinformation, when you yourself manage to misinform. There's a lot more in the world than cash and treasuries.

Go to /r/personalfinance ans see what people say about retirement. Nobody will say anything about treasuries. The answer is always index funds, index funds and when you are old enough bond index funds.

The asset class of bonds safely provides money at a specific date, but guarantees you will get sub-par return on your money for a prolonged period of time. If you want to set up a trust fund for a social program that lasts forever you need to invest in equity. This has been proven since 1922 and the economic explanation for it was provided by Lord Keynes himself, well before Social Security was created.

A treasury is the bond of bonds - safer than most, but a particularly horrible way to save money. Though even that is debatable. A bond doesn't protect you from inflation, interest rate changes and other macro-economic risks that you do have to take into account if you plan for more than 30 years ahead, but that's a problem for the beneficents of Social Security, not for the program itself.