Favorite Personal Finance Books - Page 5

whitegoodman · 05-01-2009, 01:17 AM

First book on finance ( well about finance ) that I ever read was Fleecing the Lamb .... put me off stock investing for years !!

wg

Jademonkey · 05-01-2009, 09:54 AM

Quote:

Originally Posted by takingprofits

I did enjoy the first two Foster books and his strategy has a lot of attraction in up markets. I have to tell you though that the excitement of getting a 4% dividend abates somewhat when the stock loses 40% and the possibility of recovering that drawdown may be years away.

I began reading his latest book "Money for Nothing" but put it aside for now when I got to the part where he describes his strategy for options on BNS. I could only think "poor bugger" - as he would have lost his shirt when the market dropped...

His latest book(Money for Nothing) is scary. There have been a few times recently where I was asked something about investing, and inevitably the person says they are reading that book and want to know about options investing. I do everything I possibly can to convince the person to stay away from options until they spend alot more time researching and understanding how options really work(I then show them books like Benjamin Graham's Security Analysis, or my textbooks from advanced finance courses etc and say read this first, just to scare them off).

I don't like Derek Foster and I think his books are very dangerous for the average person, as it makes them believe they can make $x with no risk, when in reality Foster dumped his entire portfolio after taking huge losses. Plus the fact that the amount of $$ he had accumulated at 32, IMO would not have been enough for him to live on had he not begun writing books and made money that way.

Saying this, by far my favourite book that I recommend to anyone asking about investing is The Wealthy Barber, followed by One up on Wall Street by Peter Lynch(Lynch's other books are good as well, not for investing strategies but more for how the market works). The more informative books I've read are both The Intelligent Investor and Security Analysis by Benjamin Graham. Very difficult reads at times but you can learn alot.

AshleyT · 05-01-2009, 05:16 PM

Many good suggestions above. I have read many of them. I would rank my top 5 as follows:

Random Walk Down Wallstreet - Malkiel

Your Money or Your Life - Dominguez

The Four Pillars of Investing - B Bernstein

Winning the Loser's Game - Ellis

Your Money and Your Brain - Zweig

MoneyEnergy · 05-02-2009, 01:46 PM

If you already know the arguments for index investing, then Random Walk Down Wall Street might provide some very dry, dull reading. That's what happened to me when I finally picked it up after years of otherwise hearing about index investing being better (which I agree with).

And after the recommendation of Four Pillars, I'm going to check out Bernstein's book too.

Retired at 31 · 05-03-2009, 01:31 PM

Not a true personal finance book per se, but Atlas Shrugged is a great read about capitalism.

Your money or your life, the 4 hour work week, random walk, your money and your brain, dhando, and everything about buffet are all on my bookshelf.

Mockingbird · 05-04-2009, 06:08 PM

Quote:

Originally Posted by CJB

I will also second (third? fourth?) The Wealthy Barber as the book that kicked everything off for me.

Ditto and never looked back..

rmcohen · 05-11-2009, 05:00 PM

The first personal finance book I read after regularly reading their columns in the Toronto Star was:

The Portfolio Doctor - David Cruise and Alison Griffiths

They introduced me to Eric Kirzner's Easy Chair portfolio, and the book gives you a great step-by-step walk through of researching funds on Morningstar.

canabiz · 05-24-2009, 04:29 PM

Are there any books about Real Estate/Investment Property/Being a Landlord that you guys can recommend ? preferably with a Canadian perspective.

I have heard good reviews about Gary Keller's *The millionaire real estate investor* and another poster in the Real Estate section recommended another book that specifically talk about the landlord experience so I intend to grab those 2 and check them out.

Just wondering if there's anything else out there?

05-01-2009, 01:17 AM	#41
whitegoodman Junior Member Join Date: Apr 2009 Location: Vancouver Posts: 17	On a darker note First book on finance ( well about finance ) that I ever read was Fleecing the Lamb .... put me off stock investing for years !! wg

05-02-2009, 01:46 PM	#44
MoneyEnergy Member Join Date: Apr 2009 Posts: 35	If you already know the arguments for index investing, then Random Walk Down Wall Street might provide some very dry, dull reading. That's what happened to me when I finally picked it up after years of otherwise hearing about index investing being better (which I agree with). And after the recommendation of Four Pillars, I'm going to check out Bernstein's book too. __________________ MoneyEnergy - Canadian blog on DRIPs and cashflow On Twitter

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05-01-2009, 05:16 PM	#43
AshleyT Junior Member Join Date: May 2009 Posts: 29	Many good suggestions above. I have read many of them. I would rank my top 5 as follows: Random Walk Down Wallstreet - Malkiel Your Money or Your Life - Dominguez The Four Pillars of Investing - B Bernstein Winning the Loser's Game - Ellis Your Money and Your Brain - Zweig

05-03-2009, 01:31 PM	#45
Retired at 31 Member Join Date: Apr 2009 Posts: 83	Not a true personal finance book per se, but Atlas Shrugged is a great read about capitalism. Your money or your life, the 4 hour work week, random walk, your money and your brain, dhando, and everything about buffet are all on my bookshelf.

05-11-2009, 05:00 PM	#47
rmcohen Junior Member Join Date: Apr 2009 Location: Toronto Posts: 1	The first personal finance book I read after regularly reading their columns in the Toronto Star was: The Portfolio Doctor - David Cruise and Alison Griffiths They introduced me to Eric Kirzner's Easy Chair portfolio, and the book gives you a great step-by-step walk through of researching funds on Morningstar.

05-24-2009, 04:29 PM	#48
canabiz Senior Member Join Date: Apr 2009 Location: Ottawa, Ontario, Canada Posts: 192	Are there any books about Real Estate/Investment Property/Being a Landlord that you guys can recommend ? preferably with a Canadian perspective. I have heard good reviews about Gary Keller's The millionaire real estate investor and another poster in the Real Estate section recommended another book that specifically talk about the landlord experience so I intend to grab those 2 and check them out. Just wondering if there's anything else out there?