Monday, August 15, 2005

Personal Finannce Books

Try these three - all are regarded as classics and live on through
multiple editions:

The Only Investment Guide You'll Ever Need - Andrew Tobias - title is
only a slight overstatement, but this is an easy read, it's funny - he's
kind of the David Sedaris of personal finance if that means anything.

A Random Walk Down Wall Street - Burton Malkiel - not really a personal
finance book but a great overview on investing and what the stock market
(and markets generally) are all about.

Common Sense on Mutual Funds - John Bogle - or one of his other books
since - you'll probably invest using mutual funds and could do so your
entire life. This is a great introduction to the concept of index funds
and their long-term advantages.

A lot of financial planning involves topics other than investing
(insurance, credit and debt management, taxes) so if that's your
interest a more general book would be better. Maybe something like Eric
Tyson's "Dummies" book on the topic.

Also the Wall St Journal puts out a bunch of slim paperbacks on these
topics, they're really good references and well laid out.

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