Investing Books - Most of this information is freely available somewhere on the web (see our sites
page), but it can be very helpful to have eveything laid out in a logical, consistent format. I think everyone
should read at least one book from the General Investing section. I also strongly encourage everyone to read
about investor behavior, since that's the source of the most costly investing mistakes. It's covered in the better
general investing books, but I list a couple of dedicated titles for those who want to delve further into the topic. The books in the Financial History section
are for those who wish to go beyond the basics. A more comprehesive list is available on the
Books: Recommendations and Reviews page of the Bogleheads Wiki.
Compiled by Alex Frakt.
Bogleheads' Guide to Retirement Planning - this book was a collaborative effort the members of the Bogleheads forum and covers the entire spectrum of
retirement planning, including: investing, taxes, retirement plans, personal finance, insurance and estate planning issues. The book is an invaluable aid
in helping understand and plan out the confusing array of financial options that we all face from the very start of our working lives all the way through
retirement. As the
investing section is necessarily brief, I would
pair this book with one from the following section. Edited and organized by
Rick Ferri and Laura Dogu.
General Investing - Each of these titles covers all the basics - such as asset allocation, investor behavior,
tax deferred accounts, sample portfolios - that you need to develop an effective portfolio. If your library or
bookstore doesn't stock these, any general investing titles by William Bernstein, Larry Swedroe, Rick Ferri, and John Bogle are perfectly
acceptable substitutes. Note: author name links go to their forum posts.The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between - by
William ("Bill") Bernstein. You cannot go wrong with Bill Bernstein's
books, this is my #1 choice for anyone interested in going beyond the most basic investment primer. My previous favorite all-in-one investing book, The
Four Pillars of Investing, is an earlier work by Dr. Bernstein that covers much the same ground, but is a bit longer and more technically
oriented. Note the link is to the latest version, with a 2010 postscript that brings the book up to date. For reviews and content, see the
Investing Made Simple or
Only Guide to a Winning Investment Strategy You'll Ever Need
- by Larry Swedroe. Larry's books on
alternative investments are
also excellent for investors thinking about moving beyond the basic asset classes.
About Asset Allocation (2nd Edition) - by
Sense on Mutual Funds: 10th Anniversary Edition - by John "Jack" Bogle - very readable
classic updated to cover the events of the '00s
New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life - by
Bill Schultheis. Too light on content for my tastes,
but a short and fun read and perhaps the best choice for introducing investing concepts to
those who need to know them, but are unwilling to take on something more comprehensive. Our members give out a lot of these as gifts.
Your Retirement: What to Do If You Haven't Saved Enough or If Your Investments Were Devastated by the Market Meltdown - by Frank Armstrong
Bogleheads' Guide to Investing - by
Mel Lindauer, and
Investor Behavior - Investors often act contrary to their own best interests. These books point out common
mistakes that have been uncovered by researchers in the field of behavioral economics and suggest methods for
Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics - by Gary Belsky and
Thomas Gilovich. Updated version of this classic.
Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich - by Jason Zweig
Investing in Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make Today
- by Larry Swedroe
L. Bernstein Classics Boxed Set : Capital Ideas, Against the Gods, The Power of Gold - Each one of these titles is worthy of inclusion on its own.
the Hindmost: A History of Financial Speculation - by Edward Chancellor
Random Walk Down Wall Street - by Burton Malkiel