Essential reading for a complete novice

coonra987

Hi everyone,

First time poster here, excited to join such a forum. I find money a very difficult subject to discuss with many of my colleagues, friends, and even members of my own family. My fiancee and I are 28 years old and hoping to start passively investing in index funds soon after we have bought our first house in the next year.

Recently I stumbled across Rich Dad Poor Dad in a car boot sale. I have since read The Richest Man in Babylon, The Millionaire Next Door, and The Little Book of Common Sense Investing. Suffice to say they have grabbed my attention, and could significantly change the direction our lives go in. I wonder what other essential reading you could point me towards?

Thank you kindly

Cam

wooder

Welcome - you will shortly be bombarded with suggestions to read a book which proposes to make you smarter.... (i think it may now even be an auto - generated response):rotfl:.

On a more serious note, I found 'Eyes Wide Open' by Noreena Hertz very useful

good luck

ischofie1

Smarter investing by Tim Hayes.

BLB53

I wonder what other essential reading you could point me towards?

yes, I would recommend 'Smarter Investing' ..also 'DIY Simple Investing' worth a read based on Vanguard Lifestrategy approach (ebook).

Also lots of free stuff on the blogs...Monevator, Motley Fool, DIY Investor UK etc

chris_m

camspence987 wrote: »

I wonder what other essential reading you could point me towards?

The following line;

The value of your investments can go down as well as up.

ColdIron

ischofie1 wrote: »

Smarter investing by Tim Hayes.

- Tim Hale

kidmugsy

Free!!! Look at the website of Personal Assets Trust, and read through their wonderful collection of company reports: annual, interim, quarterly. I'm not suggesting that you must invest with them, but that they are dishing out a free education in one approach to investing.
http://www.patplc.co.uk

Similarly, look through the reviews published by Ruffer Investment Company.
http://www.ruffer.co.uk/#ruffer/who-we-are/review-archive

DrSyn

http://monevator.com/highlights/

http://www.fool.co.uk/investing-basics/getting-started-in-investing/how-to-start-investing/

BananaRepublic

The book by Andy Bell is worth reading, but bear in mind that he only writes about investments sold/managed by his company, so there is no discussion of your own home, buy to let, antiques and so on. I am not aware of a modern book that covers all areas.

EdSwippet

camspence987 wrote: »

... Recently I stumbled across Rich Dad Poor Dad in a car boot sale.

But did you buy it? And if you did, did you read it? If not, probably best not to bother. :-)

The other books you mention are fine though, by the way.

richy999

Your money or your life - Joe Dominguez