Are You a Stock or a Bond?

What Hacker News says

1. mooredsNov 2023
   Great books to read:

   A random walk down wall street

   Are you a stock or a bond

   Your money or your life

   thread
2. mooredsOct 2021
   I'd start with a couple of great books you should be able to get from the library:

      * The Four Pillars of Investing: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
      * Are You a Stock or a Bond: https://www.amazon.com/Are-You-Stock-Bond-Financial/dp/0133115291
      * A Random Walk Down Wall Street: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380
   

   All of these point to fundamentals about investing:

      * The first step is to identify your risk tolerance and goals. That's way more important that the specific vehicles of investing.
      * Unless you are a professional investor, it is highly unlikely you'll beat the professionals (and not likely even then) so broad diversification is a good idea.

   Show morethread
3. mooredsAug 2019
   Educate yourself. I like A Random Walk Down Wall Street, Are You A Stock Or A Bond, and Your Money Or Your Life.

   Asset allocation is one of the few levers to control risk that you have. The more you have in safe assets (bonds and cash) the less likely to lose money in a downturn. Nothing's free, however, and that stability will cost you long term growth. Only you can figure out what level of risk you can love with (are you ok losing 10% during a downturn? 25%? 50%?). An advisor can help but you need to look in your heart of hearts and determine the number.

   If you don't want to educate yourself or need a helping hand, get a fee based financial planner. Last I looked (years ago) was a couple thousand bucks to have a financial assessment. Ouch. But cheap compared to the 1% of assets the other kind of financial planners take annually. More on that here:

   https://www.napfa.org/financial-planning/what-is-fee-only-ad...

   Show morethread
4. mooredsAug 2019
   Educate yourself. I like A Random Walk Down Wall Street, Are You A Stock Or A Bond, and Your Money Or Your Life.
   thread
5. mooredsJun 2019
   Second this. Really drives home what the average person should be doing in the markets.

   I also like "Are you a stock or a bond".

   https://www.amazon.com/Are-You-Stock-Bond-Financial/dp/01331...

   thread
6. mooredsMar 2015
   Right. If you view your labor as an investment (and you should), employees are diversified and founders definitely are not.

   An interesting book on the subject is "Are you a Stock or a Bond" [0]. It really makes you think about how your time/labor has a risk profile in the same way that financial instruments in your 401k do.

       [0] http://www.barnesandnoble.com/w/are-you-a-stock-or-a-bond-moshe-a-milevsky/1111895174?ean=9780137127375

   Show morethread