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Investment and Financial Planning
- Chilton, David, The Wealthy
Barber, Prima Publishing, Rocklin,
California, 1991.
An excellent, easy to read book for young adults (and
adults, for that matter) which stresses the value of
beginning a savings and investment program early in
life. The author was born in Port Huron, Michigan.
- Haroldsen, Mark, The Courage To Be
Rich, Bantam Books, 1983. Build a
solid mental approach as you begin your investing.
- Stanley, Thomas, and Danko, William,
The Millionaire Next Door, Longstreet
Press, Atlanta, Georgia, 1996. Excellent book showing
that building wealth is a matter of good defense as
much as it is about good offense. You can read a
review of the book here.
- Stanley, Thomas, The
Millionaire Mind, Andrews McNeal
Publishing, Kansas City, 2000. Another fascinating
book by the author of the Millionaire Next Door above.
- Porter, W. Thomas, The Touche Ross Guide to
Personal Financial Management, Prentice Hall,
Englewood Cliffs, New Jersey, 1984 ed.
Possibly the single best financial planning book you
can read. Presents an excellent strategic and tactical
financial plan that can be used by virtually anyone.
It is now out in a more recent edition.
- Malkiel, Burton G., A
Random Walk Down Wall Street, W.W. Norton &
Company, New York, 1973.
This is the first book I ever read on the stock market
and investing and it proved not only to be accurate
but also had a profound effect on how I judge all
investment programs since I first read it 25 years
ago. I think it would be on my "must read" list for
anyone seriously interested in investing. It was
written when Mr. Malkiel was Dean of the Yale School
of Organization and Management.
- Bogle, John, Bogle
on Mutual Funds: New Perspectives for the
Intelligent Investor, Dell Publishing,
1994. The man who founded the Vanguard group talks
about mutual fund investing.
- Stein, Ben, Yes, You Can Get A
Financial Life! Your Lifetime Guide to Financial
Planning, New Beginnings Press,
Carlsbad, CA, 2007. www.stein-demuth.com. This is a
short easy book to read. Great practical advice on
getting your financial house in order. Great sense
of humor, too.
- Swensen, David, Unconventional
Success: A Fundamental Approach to Personal
Investment, Free Press, Simon and
Schuster, New York, 2005. This author provides
cogent support for investing in index funds and
using Vanguard because of their very low cost
structure and excellent management.
- Schultheis, Bill, The
Coffeehouse Investor, Palouse Press,
Kirkland, Washington, 2005. Local investment advisor
in the Seattle area supports index investing, too.
- Finnigan, Dan and Karasu, Marc, From Learning to Earning:
Success Strategies for New Grads, Sterling
Publishing, Yahoo!, Inc., 2006.
- Swensen, David F., Unconventional
Success: A Fundamental Approach to Personal
Investment, Free Press, New York, 2005.
This book is written by the manager of the Yale
University Endowment Fund and gives an excellent
exposition in gracious prose of the mutual fund
industry and argues the case for index investing and
careful asset allocation.
- Graham, Benjamin, The
Intelligent Investor, 4th Revised Edition,
Harper and Row, New York, 1973.
"I read the first edition of this book early in 1950,
when I was nineteen. I thought then that it was by far
the best book about investing ever written. I still
think it is." Warren E. Buffett. Coming from a man of
Buffett's investment prowess I think this is enough
recommendation to make anyone want to read this book.
After reading it, I have to agree with Buffett. There
is another local Seattleite who is a friend of
Buffett's and listens to his investment advice. His
name is Bill Gates.
- Donoghue, W., William E. Donoghue's Complete
Money Market Guide, Harper & Row, New York,
1981.
Again, this was one of my original investment books,
and although it was read at a time when interest rates
were hovering around 17%, it still has good
fundamental information about money market funds which
have a role in almost every portfolio.
- Allen, Robert, G., Creating Wealth, Simon
and Schuster, New York, 1983. An interesting book
which advocates the purchase of single family homes
from sellers who really don't want their properties
any more. This enables you to purchase with a lower
purchase price or more favorable terms such as a lower
down payment. If used judiciously this method can
definitely help build networth over time.
- Milin, Mike and Millin, Irene, How to Buy and Manage
Rental Properties, Simon and Schuster, 1986.
- Lynch, Peter, Rothchild, John, Learn to Earn, A
Beginners Guide to the Basics of Investing &
Business, Fireside, N.Y., 1995.
- Gardiner, David & Tom, The Motley Fool
Investment Guide, Simon & Schuster, New
York,1996.
- Gardiner, David & Tom, The Motley Fool's You
Have More Than You Think, Simon & Schuster,
New York, 1999.
- Sheard, Robert, The Unemotional Investor,
Simon and Schuster, New York, 1998.
- Band, R., Contrary Investing, Penguin Books,
New York, 1986. Don't follow the crowd, Think for
yourself.
- Train, J., The Money Masters: Nine Great
Investors, Harper and Row, New York , 1980.
- Train, J., Preserving Capital and Making It Grow,
Penguin Books, New York, 1983.
- Cappielo, Frank, Finding
the Next Super Stock, Liberty Publishing Co.,
1982.
- Bach, David, The Automatic Millionaire,
Broadway Books, New York, 2004
- Sher, Brian, What Rich People Know &
Desperately Want to Keep Secret, Prima
Publishing, Roseville, CA, 2000.
- Edelman, Ric, Rescue
Your Money, Free Press, 2009. Common sense
advice on investing.
- LeBoeuf, Michael, The Millionaire in You,
Random House, New York, 2002.
- Fisher, Mark, The Millionaire's Path, MJF
Books, New York, 1990.
- Eker, T. Harv, Secrets
of the Millionaire Mind: Mastering the Inner Game of
Wealth, Harper Business, 2005.
- Lowe, Janet, Warren
Buffett Speaks: Wit and Wisdom From the World's
Greatest Investor, John Wiley & Sons,
Inc., 1997.
- AAII Journal, published monthly by the American Association of
Individual Investors, 625 N. Michigan
Avenue, Chicago, Illinois, 60611. $45.00 per year.
Phone: (312) 280-0170.
Excellent source of objective information on basic and
advanced topics in investment principles. An example
of an article is: "How to Implement Your Strategy If
You Are Starting from Scratch" by Maria Crawford
Smith, February 1995 issue. This organization has
chapters which provide periodic meetings for members
with lectures and discussions on investment topics.
There is a chapter here in Seattle and can be reached
at P.O. Box 40039, Bellevue, WA 98004.
- The Individual Investors Guide to Low-Load Mutual
Funds published by the AAII annually.
An excellent reference source of information on mutual
funds with low or no-loads (load=sales charge). Sales
loads are sales commissions paid to people to get you
buy the investment. They do nothing to get you better
money management inside the fund that you buy. There
is no difference in the statistical performance of
load and no-load funds. Simply put, there is,
therefore, no reason on earth to ever buy a "load"
mutual fund.
- Investing Basics, the AAII Book for Beginning
Investors, by Maria Crawford Smith, Editor, AAII
Journal. $12.00. To order call AAII at (312) 280-0170.
- Investing Basics Videocourse, 3.5 hours on
two video tapes, AAII, $129.
This is an excellent set of tapes on basic investment
principles.
- Investment Decision Making, Collections I &
II, American Association of Individual
Investors, Chicago, Illinois, 1986
- Investment Decision Making, Collection III,
American Association of Individual Investors, Chicago,
Illinois, 1986.
- Lynch,
Peter, One
Up on Wall Street, Simon and Schuster, New
York, 1989.
Peter Lynch discusses some of the principles he used
in managing the investments of the highly successful
Fidelity Magellan Fund which grew to assets of $9
billion under his leadership.
- Staton, Bill, The America's Finest Companies
Investment Plan, Hyperion, New York, 1998.
- Grzesiek, D., Financial Independence: Through
Buying and investing in Single Family Homes,
Pelican Publishing, Gretna, LA, 1985.
A description of a particular investment vehicle,
namely, income producing real estate, used to build
net worth over time.
- Cohen, J., Zinbarg, E., Zeikel, A., Investment
Analysis and Portfolio Management, Irwin,
Homewood, Illinois, Third Edition, 1977.
This is more of a reference text but still helps
define and bring an understanding to common investment
terminology. The preface begins: "Thrift is a
wonderful virtue, especially in an ancestor . . ."
- Hagstrom, Robert, The Warren Buffett Portfolio :
Matering the Power of the Focus Investment Strategy,
John Wiley & Sons, Inc., New York, 1999.
- Eker, T. Harv, Secrets
of the Millionaire Mind: Mastering the Inner Game
of Wealth, Harper Collins, New York, 2005.
- McQuown, Judith, Tax
Shelters That Work for Everyone: A Common Sense
Guide to Keeping More of the Money You Earn,
McGraw-Hill, 1979. "Any one may so arrange his affairs
so that his taxes shall be as low as possible; he is
not bound to choose that pattern which will best pay
the Treasury; there is not even a patriotic duty to
increase one's taxes." - Judge Learned Hand in Helvering v. Gregory, 69 F. 2d
809, 810 (2d Cir. 1934), aff'd, 293 U.S. 465 (1935).
- Train, John, The
Midas Touch: The Strategies That Have Made Warren
Buffett America's Pre-eminent Investor,
Harper and Row, New York, 1987.
- 13 Steps to
Investing Foolishly, A Motley Fool Investment
Primer, The Motley Fool, 123 N. Pitt Street,
Alexandria, Virginia, 22314, www.fool.com.
- Hallam,
Andrew, Millionaire Teacher: The 9 Rules of
Wealth You Should Have Learned in School,
John Wiley & Sons (Asia) Pte, Ltd., 2011.
- Wattles, Wallace, The
Science of Getting Rich, Penguin, 1910,
(2007).
- Dralle, Lynn, The
Unofficial Guide to Making Money on eBay,
Wiley Publishing, 2006.
- Hollander, Stuart, Saving
the Family Cottage, Pleasant City Press,
Suttons Bay, Michigan, 2007. www.cottagelaw.com
- LaPointe, Andrew,
Up North Dream: The Guide for Moving to Northern
Michigan, Lapte Enterprises, Inc., Bellaire,
Michigan, 2003. www.upnorthdream.com
- Some helpful web sites:
- The American
Association of Individual Investors. This
is a great organization that provides excellent
educational materials for learning about investing.
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