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It’s the holiday season and you’ll probably get a ton of books, but here’s a few you should buy for yourself, or better yet, get them out of the library. I guarantee you’ll be in better financial shape this time next year if you read a few of these. Am I afraid that you’ll know so much it’ll put me out of business? No—the more you know, the more a planner can help you customize the information to your individual situation and specific goals. So, curl up and read as you make your new year’s resolutions.
Your Money or Your Life by Joe Dominguez & Vicki Robin
Primer on setting priorities, simple living, and early retirement. A very frugal approach, but a great idea generator.
The Little Book of Main Street Money by Jonathan Clements
The basics of making and following a sane financial plan
The Little Book of Commonsense Investing by John Bogle
The case for passive index fund investing by the guy who started it all
A Random Walk Down Wall Street by Burton Malkiel
A more in depth and complex discussion of rational investing
The Investor’s Manifesto by William Bernstein
Highly opinionated and thinks most of us are idiots. We are.
The Power of Passive Investing and All About Asset Allocation both by Richard Ferri
More technical if you really want to get into the nuts and bolts of choosing investments
Commonsense on Mutual Funds by John Bogle
If the Little Book left you wanting a big book
All of these books contain some information or recommendations that I don’t completely agree with, but they are all solid, sensible works by people who know what they’re talking about. No specific investment advice is intended.
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