Stock market books for dummies

The group has escaped many of the retail sector's pitfalls despite rapid expansion. All look like winners in , and readers have plenty of questions. Here are some key mutual fund and ETF offerings that are poised to do well. The brain drain in the mutual fund industry continues, as Lisa Rapuano moves to Matador Capital. We are increasingly responsible for managing our own retirement plans and fund investments, yet most of us receive no formal education in prudent investing -- or even an informal education from our retirement-plan sponsors and advisers.

How are investors expected to manage their financial destiny when they are woefully uninformed? Go out and buy a few good how-to books. A few well-chosen investing books -- provided you read them, of course -- may turn out to be the best investments you ever make.

I get asked this question quite often: What are the best investing books to buy?

The books listed in today's column are the ones I suggest most often. Some make the list because they are timely; others because they are timeless. You may not find a specific mutual fund or stock tip in the thousands of pages of reading material, but you will be equipped to make better-informed decisions for the lifetime of self-directed investments we all face. Here, then, is the course list for the Investing Autodidact.

You don't have to read them all, but it would be a big mistake to not read any of them. Common Sense on Mutual Funds By John Bogle If mutual fund investors should purchase just one book, this -- published in , at the height of the bull-market mania -- is it.

Vanguard founder Bogle has spent a lifetime looking out for the best interests of the individual investor, and that sensibility turns up on every page. Common Sense on Mutual Funds , whose title is a deliberate allusion to Thomas Paine's treatise on British tyranny, takes aim at the abuses and problems of the mutual fund industry and repeatedly hits the mark. A few key themes are repeated: High fund costs are fatal to your retirement hopes, index funds are the smartest way to invest and simplicity is the best strategy.

The Intelligent Investor By Benjamin Graham Value investing legend Graham's last update of his classic text for the lay investor was published in , three years before his death.

Stock Investing For Dummies: Paul Mladjenovic: dikykex.web.fc2.com: Books

When I first read the book in , his intelligence, warmth and wisdom were very much alive -- and his sage guidance seemed entirely more relevant than the slew of investing books that season. The book remains a useful guide for learning about value investing in funds or stocks. This year, venerable Money columnist Jason Zweig updated the book for the latest edition, adding contemporary commentaries after each chapter.

A Random Walk Down Wall Street By Burton Malkiel Princeton professor Malkiel first published this book in , making heretical comparisons between Wall Street and monkeys throwing darts. Wall Street has been throwing darts at Malkiel's book ever since, but few have stuck.

The Eighth Edition, published this year, still touts the efficient market and the virtues of index funds. It also adds a funny, incisive postmortem on the dot-com boom -- what he calls the greatest bubble of all time -- that fits embarrassingly well among his retellings of the Dutch tulip craze of the s and the Roaring Twenties.

dikykex.web.fc2.com: Stock Investing For Dummies eBook: Paul Mladjenovic: Kindle Store

However, it's not all academic: The book features a great life-cycle guide that walks fund investors through a life of investing. Stocks for the Long Run By Jeremy Siegel Siegel's book is clearly the handiwork of a revered Wharton professor: It houses years of analytical data on stock and bond returns.

Happily, it still manages to be a very easy read, loaded with insights on historical returns, what they mean for future returns and how you should invest accordingly. The book also offers up-to-date information on exchange-traded funds and on return-enhancing investment strategies. The Remarkable Story of Risk By Peter Bernstein This is the book that is least likely to impart specific investment advice, but in many ways you will learn the most about the nature of risk and investing.

Bernstein, an economic historian, author, researcher and successful investor, walks readers through millennia to discuss how our efforts to quantify risk evolved -- from a 16th-century Italian gambler who aimed to quantify the risks of craps to modern notions of the game theory, commodities futures and the stock market.

Measuring exactly how this book will make you a better investor is a thorny question best left to the characters that populate the book, but rest assured, reading the book will make you a wiser investor. The Four Pillars of Investing By William Bernstein Bernstein is a doctor by training, and it's evident in the way he eviscerates Wall Street and conventional wisdom. Individual investors will learn a great deal about how different forces align to undermine one's long-term goals -- ranging from investor psychology to a lack of knowledge about market history to the trillion-dollar financial services industry that wants to pilfer as much of your money as it can.

Of special note for investors are sections about how your broker and your mutual fund are not your friends. Meanwhile, Bernstein offers handy assistance on building a diversified portfolio. Making the Most of Your Money By Jane Bryant Quinn While many of the books on this list serve as epic treatises on a particular investment philosophy, personal finance columnist Bryant Quinn's Bible-length book is the dog-eared how-to book you pull off the shelves when you have to sit down and do something with your money.

It's a great go-to guide for money and investing decisions. And you don't have to read the thing cover to cover to benefit.

Stock Investing For Dummies by Paul Mladjenovic, Paperback | Barnes & Noble®

The Successful Investor Today: His latest book, just out this month, takes aim at the fund industry, the media, excessive fees, the lack of investor education and more -- all in an effort to inform investors about the virtues of index funds, diversification and long-term investing.

It's a fast, entertaining read that will make you a smarter investor. The Great Mutual Fund Trap By Gary Gensler and Gregory Arthur Baer Consider this entry the cautionary tale. Gensler and Baer take large portions of the mutual fund industry to task for hitting investors up with hidden fees, getting bogged down with conflicts of interest and chronic underperformance. The authors lambaste fund managers for their inability to beat the market, and tout the virtues of exchange-traded funds and index funds.

It is a timely piece of investing agit-prop that serves as a fine wake-up call to naive investors. Learn how to invest your money , brush-up with our financial dictionary and discover basic investment strategies to make your money grow. Action Alerts PLUS is a registered trademark of TheStreet, Inc.

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