This is a list of my favorite books on wealth and personal finance:
- A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition– how to maximize gains and minimize losses, how to analyze potential returns.
- Irrational Exuberance– how to analyze the stock market from a historical perspective, how to analyze the real estate market from a historical perspective, how to identify a speculative bubble, learn the social psychological and sociology to understand why so many people change their opinions at the same time, learn how to lower your exposure to burst bubbles.
- Suze Orman’s Financial Guidebook: Put the 9 Steps to Work– learn how your parent’s relationship with money affects yours, how to cope with the ever-changing landscape of educational costs, social security, and the stock market, learn the key questions that every financial adviser should ask you upon your initial meeting, how to get a realistic picture of how much money you have to work with.
- The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) – how to reach your financial goals, how to manage your portfolio, how to select securities, how to select stocks.
- The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, 2nd Edition– how to figure out what the numbers really mean, how to stay ahead of the curve, how to spot turning points, how to figure out where the economy’s really heading, how to use foreign indicators, how to make sense when the numbers disagree, how to find the data.
- What You Need to Do Now: An 8-Point Action Plan to Secure Your Financial Independence – how to prepare for money emergencies, how to provide for your family, how to preserve your assets, how to protect your income, how to defend your business, how to plan your next investment moves.