Intermediate investment book recommendation

jorgepm83

Hi,

I've read 3 basic investment books and I want to move to the next step. If there's one thing I've learned by reading this book is how complex the investment topic is and how little I still know about it. It would be ideal for me to find a book that have more advance topics in asset selection, perhaps some mathematical tools to try to analyse risk, things like that... Also, ideally it would be oriented to the UK market.

Just as a reference, the three books I've read so far are (please don't think I'm trying to show off, I mean it would be laughable after reading just 3 books):

- The Intelligent Investor by Benjamin Graham
- Investing Demystified: How to Invest Without Speculation and Sleepless Nights (Financial Times Series) by Lars Kroijer
- The DIY Investor: How to Take Control of Your Investments and Plan for a Financially Secure Future by Andy Bell

I would really appreciate if you can point me toward (hopefully UK oriented) intermediate investment books.

Cheers!

bigfreddiel

Try the monevator web full of useful info

My advice, keep it simple, keep it low cost, don't panic, don't over trade, reinvest division, decide what you're trying to achieve, and finally it's long term, nothing less than 5 years otherwise just use a high interest bank account.

Cheers fj

JohnRo

Don't fall into the trap of thinking there's some great momentous rubicon where you read and read until you finally unlock a great mystery, where the secret to untold riches is finally revealed, successful investing is imho unlocked by being disciplined over many years and very little else.

BLB53

I would recommend 'Smarter Investing' by Tim Hale which covers most of the areas you would need to make a success of investing.

Here's a recent review on diy investor uk http://www.diyinvestoruk.blogspot.co.uk/2015/09/smarter-investing-review.html

Lots of useful (free) articles on the site worth exploring - also https://www.monevator.com

Linton

Rather than chasing ever more advanced specialist investing books I suggest you go for breadth rather than depth. Learn how bonds work, how markets work, understand basic economics and the financial structure of companies. Find out precisely why the 2007/2008 crash happened and how the banks went bust. Read widely on financial and economic matters. Anything you dont understand at least at a high level, investigate further.

A danger of the specialist investing books is that they may use carefully chosen data to persuasively advocate one specific strategy which leads to some people becoming evangelical converts. Remain sceptical and research anything that seems surprising, counter intuitive, or too conveniently in line with the author's beliefs - it may actually be wrong.