The Smartest Investment Book You'll Ever Read
Achieve financial security in 90 minutes or less.Daniel Solin cuts through financial propaganda to show readers exactly how assets should be invested, using trusted, brand name fund managers like Fidelity and Vanguard. Solin's easy-to-follow plan allows investors to create and monitor their portfolios in 90 minutes or less a year, explaining how to assess risk and how to allocate assets to maximize returns and minimize volatility. Readers will also learn how to avoid the biggest mistakes investors make, from buying into media hype to giving their hard earned cash to hyperactive brokers and investment advisors.
Stats for nerds
4recommend
4mentions
4people
2009–2015years
100% recommend
Mentions per year
What Hacker News says
- Some good books to get you started:
* the smartest investment book you'll ever read
* the four pillars of investing
* The Millionaire Next Door
* If You Can
- I recently picked up:
The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future by Daniel Solin. A good basic starter book and very short.
For a larger (and timely) economic view, I also slogged through This Time is Different by Reinhart and Rogoff. This book kind of looks at macro-economic conditions around recessions in history to abstract out a pattern around recessions, currency collapses, and depressions. It is not about the stockmarket in a very specific way.
Neither of these sources are particularly hacker-centric viewpoints of the market. Are you looking for algorithmic trading stuff? You might want to check out http://quant.ly/
- If you want to forget about market timing, concentrate on asset allocation:
The Smartest Investment Book You'll Ever Read (Canadian audience) The Intelligent Asset Allocator (a more statistical approach)
- If you don't want to lose the money, don't simply 'bet on one horse' and put it in a house / websites / whatever. It makes more sense to get a properly diversified portfolio of index-funds / ETFs.
I think the best investment you could make is to put that money away in a lifecycle fund. (E.g. Vanguard's 'Target Retirement 2040' fund https://personal.vanguard.com/us/funds/snapshot?FundId=0696&... ) I.m.h.o. the best thing about a lifecycle fund is that it's a set-and-forget investment. It's deviation will get less in time.
Of course, if you're a bit more of a control freak (like me) you could create your own (properly diversified) investment portfolio. In that case I would suggest you have a look at 'The smartest investment book you'll ever read'.
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