Recommended reading

Thrugelmir

For the most readable of economic books. Which requires no effort or knowledge at all of the subject.

How an Economy Grows and Why it Crashes - Schiff & Schiff

How an Economy Grows and Why it Crashes uses illustration,humour, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and best selling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country's economic conversation.

TheTracker

Archi_Bald wrote: »

Why a total world equity index tracker is the only index fund you need

http://monevator.com/why-a-total-world-equity-index-tracker-is-the-only-index-fund-you-need/

Lars Krojer's "Investing Demystified" is worth a read. He's a notch or two further along the rung of passive investing than Hale. Apart from avoiding home bias, he also steers clear of property and commodities with more conviction than Hale says caveat emptor.

Radiantsoul

brickz wrote: »

Hi all,

I have recently managed to rid myself of debt and generate some savings! Hooray.

I'm starting to look into investing my money in more detail. My first step has been to apply to upgrade my santander account to 123 account so at least I can generate some interest on savings. I've just finished reading Rich Dad, Poor Dad which is an excellent book. Do any of you guys have any other recommended readings or advice for a beginner investor? I want to educate myself on all forms of bonds, funds, trusts etc.

Any info would be greatly received.

Thanks

Jeremy Siegel's book Stocks for The Long Run has a great explanation of how markets work and the institutions behind them, and is pretty readable. The only problem with it is that the basic conclusion that stocks are less risky over time is at best debatable.

There are not a lot of really readable books on finance.

Purplesky_2

Shecomonics - a little basic on the whole but makes/illustrates points well and deals with feelings towards money/how your upbringing affects how you interact with money.

Second 'Investing Demystified'

'DIY Investor' by Andy Bell is a good one for highlighting tax strategies and the main pros/cons for different investment strategies and vehicles. Some of the info is a little out of date (ISAs etc have changed since it was published)