Ask HN: Best Book for Personal Finance and Investment
What is the best book for personal finance and investment? I am interested in how to construct a diversified portfolio for myself and would like know some credible resources. I'd love to hear your suggestions.
13 comments
The Richest Man in Babylon
My only recommendation.
Because the rest of the books may teach about money, this one teaches about exactly what you asked for i.e Personal Finance and Investment.
Because the rest of the books may teach about money, this one teaches about exactly what you asked for i.e Personal Finance and Investment.
William Bernstein (mentioned by others) suggests the following reading list: http://www.efficientfrontier.com/reading.htm
John Kay - The Long and Short of it
The Only Investment Guide You'll Ever Need by Andrew Tobias
If You Can: How Millennials Can Get Rich Slowly
By William Bernstein
By William Bernstein
I was going to recommend the Four Pillars of Investing by Mr. Bernstein.
https://www.amazon.com/Four-Pillars-Investing-Building-Portf...
I'd also recommend The Richest Man in Babylon, but not as the only book on personal investing you read. I tried reading it when I first did the deep dive into personal finance and it didn't quite seem worth it since there were very few specifics about actual investment vehicles. But I revisited it after reading several other books and thought it was really good at driving home and solidifying the big picture and major principles of personal finance.
https://www.amazon.com/Four-Pillars-Investing-Building-Portf...
I'd also recommend The Richest Man in Babylon, but not as the only book on personal investing you read. I tried reading it when I first did the deep dive into personal finance and it didn't quite seem worth it since there were very few specifics about actual investment vehicles. But I revisited it after reading several other books and thought it was really good at driving home and solidifying the big picture and major principles of personal finance.
Maybe these sites:
https://canadiancouchpotato.com/
https://www.bogleheads.org/
(Unfortunately the best resources I know of are in my mother tongue, but the links above might be good starting points.)
https://canadiancouchpotato.com/
https://www.bogleheads.org/
(Unfortunately the best resources I know of are in my mother tongue, but the links above might be good starting points.)
Bogleheads:
https://www.amazon.com/Bogleheads-Guide-Investing-Second/dp/...
Bernstein is also good
Bernstein is also good