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  • What should I read next?

    My grandma in law gave me an Amazon GC for Christmas, and the $30 left on it are burning a hole in my pocket. I'm trying to figure out what to read for my financial CME this year. I'm 1.5 years into practice, and I've been following WCI for probably 4 years and have done a lot of things recommended on the blog and book (refinanced loans, haven't bought a house yet, use passive indexing, have DI, term LI, etc). So far I've read WCI's book, the only investment guide you'll ever need, random walk, boglehead's guide to investing, investor's manifesto, elements of investing, your money and your brain, I even won a book from WCI 2 years ago about doctor mortgages, and maybe a couple more I can't remember. Pretty much the only websites a visit are BH and WCI. So pretty basic level stuff, but enough to get me a good foundation. I'm not sure I want to get too into the woods, as I enjoy this stuff, but between work and having young kids there aren't many free minutes most weeks. So any good thoughts to shore up my foundation?

  • #2
    Highly recommend Graham's "The Intelligent Investor"

    https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1453159771&sr=8-1&keywords=the+intelligent+investor

     

    Amazon link, not an affiliate link, just providing it as a courtesy.  

    [Here's a WCI link if you care to use it: http://www.amazon.com/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0060555661&linkCode=as2&tag=whicoainv-20&linkId=ISYCQADF5UROBCZ2 - ed]

    Comment


    • #3
      The affluent investor by Phil DeMuth is good.  Mike Pipers books and blogs are also good

      Comment


      • #4




        Highly recommend Graham’s “The Intelligent Investor”

        https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1453159771&sr=8-1&keywords=the+intelligent+investor

         

        Amazon link, not an affiliate link, just providing it as a courtesy.  <img src=" />

         
        Click to expand...


        Thanks much. Is there a way to go through the WCI bookstore and get to kindle versions? All the links go to hard copies...

        Comment


        • #5




          The affluent investor by Phil DeMuth is good.  Mike Pipers books and blogs are also good
          Click to expand...


          Thanks, I'll add it to the list. I actually have read a few Mike Piper books. For awhile I looked at his blog a lot. But I don't have overnight call anymore, so my late night coffee drinking and blog reading has ceased...

          Comment


          • #6
            Here's a link to the kindle version.  Only 3 bucks, whaddayagot to lose?

            http://www.amazon.com/Intelligent-Investor-Collins-Business-Essentials-ebook/dp/B000FC12C8/ref=mt_kindle?_encoding=UTF8&me=

             

            Comment


            • #7
              Tony Robbins, Money Master the Game.

              Anything by Munger and Buffett. Poor Charlies Almanac is a good place to start.

               

              Both of these are not about mechanics as much as about mindsets. Having the right mindset changes the game to the next level.

              Comment


              • #8
                The One Page Financial Plan by Carl Richards.

                Not available on Amazon, but my most recommended book and favorite among clients is Simple Wealth, Inevitable Wealth by Nick Murray. To get the current version (2013), you'll have to go through his website and buy a hard back. Nick is notoriously protective about his material. (I just checked and you can find older copies on Amazon.
                Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                Comment


                • #9
                  William Bernstein's The Four Pillars of Investing is one of my favorites, a must read IMO. Currently reading his book "The Birth of Plenty", fascinating stuff.

                  Comment


                  • #10
                    books by malkiel swedroe bogle and Bernstein

                     

                    4 pillars

                    random walk

                    'winning investment strategy

                    bogle on mutual funds

                     

                    with this u know more than 99% of your colleagues

                    Comment


                    • #11
                      Forget Amazon--first see if your public library has this stuff for free!

                      Comment


                      • #12




                        My grandma in law gave me an Amazon GC for Christmas, and the $30 left on it are burning a hole in my pocket. I’m trying to figure out what to read for my financial CME this year. I’m 1.5 years into practice, and I’ve been following WCI for probably 4 years and have done a lot of things recommended on the blog and book (refinanced loans, haven’t bought a house yet, use passive indexing, have DI, term LI, etc). So far I’ve read WCI’s book, the only investment guide you’ll ever need, random walk, boglehead’s guide to investing, investor’s manifesto, elements of investing, your money and your brain, I even won a book from WCI 2 years ago about doctor mortgages, and maybe a couple more I can’t remember. Pretty much the only websites a visit are BH and WCI. So pretty basic level stuff, but enough to get me a good foundation. I’m not sure I want to get too into the woods, as I enjoy this stuff, but between work and having young kids there aren’t many free minutes most weeks. So any good thoughts to shore up my foundation?
                        Click to expand...


                        Sounds to me like you should read something by Bogle next. The Intelligent Investor is good, but I'm not sure you're quite there yet. Won't hurt to read it "early" but I think some Bogle is worthwhile for anyone to read.
                        Helping those who wear the white coat get a fair shake on Wall Street since 2011

                        Comment


                        • #13







                          Highly recommend Graham’s “The Intelligent Investor”

                          https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1453159771&sr=8-1&keywords=the+intelligent+investor

                           

                          Amazon link, not an affiliate link, just providing it as a courtesy.  <img src=" />

                           
                          Click to expand…


                          Thanks much. Is there a way to go through the WCI bookstore and get to kindle versions? All the links go to hard copies…
                          Click to expand...


                          Those pages all have two boxes- print version and kindle. Just click on Kindle to go to the Kindle version. Anything you buy at Amazon after clicking through one of those links pays a commission. Feel free to pick up a big screen TV while you're there.
                          Helping those who wear the white coat get a fair shake on Wall Street since 2011

                          Comment


                          • #14




                            Forget Amazon–first see if your public library has this stuff for free!
                            Click to expand...


                            Any of these books that have been out more than a couple of years are almost surely in your public library system, except perhaps Mike Pipers and mine as they are self-published and thus a little less likely to show up at your library.
                            Helping those who wear the white coat get a fair shake on Wall Street since 2011

                            Comment


                            • #15
                              My favorite book on investing is

                              http://www.amazon.com/Unconventional-Success-Fundamental-Approach-Investment/dp/0743228383

                              by David Swensen who has been so successful running Yale's Endowment.  Part of the point is to explain why you won't be able to replicate that success and why you are better off a portfolio of diversified funds, probably index funds.
                              It can be frustratingly non-specific but it really helped me understand the rationale behind diversification and rebalancing.  I don't agree with everything in the book but it really made me think

                              Comment

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