Worthwhile reads
Discussion
I have always had an interest in investing but now want to get more involved.
What would people consider worthwhile reads? I have been told to read a couple but they seem to be more motivational books rather than helping you understand anything.
I was going to order how to own the world which has been mentioned a few times on here.
Any other books or even websites to read through?
Even to the fact of I’m trying to pick an s&s isa at the moment and want to learn the difference between different funds etc without it being skewed by what they are trying to sell
What would people consider worthwhile reads? I have been told to read a couple but they seem to be more motivational books rather than helping you understand anything.
I was going to order how to own the world which has been mentioned a few times on here.
Any other books or even websites to read through?
Even to the fact of I’m trying to pick an s&s isa at the moment and want to learn the difference between different funds etc without it being skewed by what they are trying to sell
I bought How To Own The World last week based on recommendations from this forum. I'm about 100 pages in as I only read on the train but so far so good, it's the first 'Investing/Finance' book I've read so I'm not best placed to review but I'd definitely buy it...
It gives a good overview of all things, he seems particularly fascinated with compound interest (rightly so) and Gold...
The general consensus from what I've read in the book and interviews/blog posts from similar financial guru's is that you should diversify, with the bulk of your investments in a low-cost index tracker fund and leave it for the long run as it will almost always out perform so called market experts.
It gives a good overview of all things, he seems particularly fascinated with compound interest (rightly so) and Gold...
The general consensus from what I've read in the book and interviews/blog posts from similar financial guru's is that you should diversify, with the bulk of your investments in a low-cost index tracker fund and leave it for the long run as it will almost always out perform so called market experts.
Edited by S9JTO on Sunday 15th April 21:48
I peruse http://monevator.com
Weekly roundup of interesting news/articles on weekends and other pieces sometimes mid week. They also do a comparison of platforms and their charges.
Weekly roundup of interesting news/articles on weekends and other pieces sometimes mid week. They also do a comparison of platforms and their charges.
S9JTO said:
I bought How To Own The World last week based on recommendations from this forum. I'm about 100 pages in as I only read on the train but so far so good, it's the first 'Investing/Finance' book I've read so I'm not best placed to review but I'd definitely buy it...
It gives a good overview of all things, he seems particularly fascinated with compound interest (rightly so) and Gold...
The general consensus from what I've read in the book and interviews/blog posts from similar financial guru's is that you should diversify, with the bulk of your investments in a low-cost index tracker fund and leave it for the long run as it will almost always out perform so called market experts.
Yep, How To Own The World - this is the PH finance bible It gives a good overview of all things, he seems particularly fascinated with compound interest (rightly so) and Gold...
The general consensus from what I've read in the book and interviews/blog posts from similar financial guru's is that you should diversify, with the bulk of your investments in a low-cost index tracker fund and leave it for the long run as it will almost always out perform so called market experts.
Edited by S9JTO on Sunday 15th April 21:48
Really good read.
Rich dad poor dad is absolutely essential imo. (taken of course with pinch of salt but concepts are sound)
I quite like the "wealthy code" "bankers code" and "debt millionaire" series also - for a different slant on things.
Also, i highly recommend "the rules of wealth" - it's one of the first finance/wealth related books i read and has some really simple clear concepts and is an enjoyable read.
nikaiyo2 said:
Rich Dad/ Poor dad
It is not a book about investing, but it gives an interesting insight into risk/ reward.
I've read 2/3rds of this since reading your comment. Quite a good read although it is preaching to the converted with me. Nice to reaffirm my ideas around money/debt/investments thoughIt is not a book about investing, but it gives an interesting insight into risk/ reward.
You won't learn how to invest (you may learn how NOT to invest) but I recommend books by Michael Lewis for an insight into the workings of the financial markets.
In order of preference I'd suggest:
The Big Short
Flash Boys
Moneyball (not finance related, but good if you like statistics and sport)
The Money Culture
Two other books I found really interesting are Market Wizards and Hedge Fund Market Wizards which are a collection of interviews with prominent traders, their techniques and strategies.
In order of preference I'd suggest:
The Big Short
Flash Boys
Moneyball (not finance related, but good if you like statistics and sport)
The Money Culture
Two other books I found really interesting are Market Wizards and Hedge Fund Market Wizards which are a collection of interviews with prominent traders, their techniques and strategies.
Thanks for the replies, plenty to look at
Read quite a bit of How to own the world, its a good book, the first bit was a bit hard to get through, seemed to be just repeating this is what you will know by the end of the book but much more interesting once you get into the compound interest and inflation etc
Read quite a bit of How to own the world, its a good book, the first bit was a bit hard to get through, seemed to be just repeating this is what you will know by the end of the book but much more interesting once you get into the compound interest and inflation etc
AMST09 said:
Thanks for the reply
I had known about compound interest but stuck some figures into a calculator online earlier and was surprised how much it does add up!
As a tip if you're interested in this area, learn the basics of Excel or Google Spreadsheets - they're much better tools for playing around with the impact of varying returns than a calculator.I had known about compound interest but stuck some figures into a calculator online earlier and was surprised how much it does add up!
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