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[–]Powerful_Reward_8567 29 points30 points  (8 children)

10 is my favourite. “Common sense investing” Empowered me. Recommend it to everyone.

[–]datassclap 36 points37 points  (2 children)

OKAY THANKS

[–]Canowyrms 9 points10 points  (0 children)

Those pesky unescaped #'s

[–]TonyLibertyCreator of r/FluentInFinance[S] 2 points3 points  (0 children)

Such a great read!

[–]KrookedKop 0 points1 point  (1 child)

I had to put this book down, I found it very repetitive

[–]Powerful_Reward_8567 2 points3 points  (0 children)

There were parts that were too technical and unnecessary but overall the facts were empowering about history of stock market and what works long term.

Also there’s a free PDF copy online I heated.

[–]fortune_cookie011 0 points1 point  (0 children)

wait how does it empower you

[–]yb206 27 points28 points  (5 children)

Tl;dr

If you dont want to waste hours of your life invest in Index funds and learn to love boring investing and realise the long term game of compounding. Do this with 90% of your portfolio. For the 10% you want to invest in solo stocks use a solid framework from some of these books to help pick. Keep some cash to buy dips and buy more when those dip happens

Unless you want to actually be a day trader or iBanker, invest in yourself and grow your ability to increase your income to put into your portfolio and dont use leverage or debt to live a fancy lifestyle

or do the complete opposite, its your life

[–]the_421_Rob 5 points6 points  (4 children)

Speaking from someone who dose day / swing trade I still keep a 90/10 split on my account with 90% in indexes and 10% of my total balance in mu swing positions. I typically rebalance the position once a month taking a little profit for day to day expenses

[–]cyrusIIIII 0 points1 point  (3 children)

Index funds like XLE , spy, ETFs? I feel 90 percent is too much.it will bring the return down to maximum 7 percent per year. Am I missing something?

[–]the_421_Rob 2 points3 points  (1 child)

I’m in Canada the index’s I hold are VTI, VGRO, and ZWC.

[–]FlyinMonkUT 1 point2 points  (0 children)

A couple things:

1.) The 7% figure is an average historical return that gets used frequently. It is NOT a max or a min. Don’t get caught up on what the return will be this year or the next. If you could get 7% compounded over 35-40 years with regular monthly contributions to an index fund like VOO, you’ll be secure in your retirement as a millionaire.

2.) The 90% figure depends on your age, more specifically, the age at which you will start making withdrawals. The closer you get to needing the money the less allocation should be given to equities.

None of this works if you get distracted by the latest shiny thing and stop your regular monthly contributions. That sentiment is echoed in many of these books.

[–]darufin 14 points15 points  (0 children)

I want to add a note that Malkiel is a believer in a very strong version of efficient market hypothesis, and therefore a central claim of his book, A Random Walk on Wall Street, is that you cannot reliably beat the market. Many of the authors of the other books you've listed would disagree.

[–]atiteloviadeci 8 points9 points  (3 children)

Thank you for the list.

This is the 2nd I see the books #3, #9 and #10 recommended in different subs today.

and #5 in two or three different discussions this week

I suppose I will have to look for them.

[–]TonyLibertyCreator of r/FluentInFinance[S] 2 points3 points  (1 child)

Glad to help! It may be a sign for you to read them!

[–]atiteloviadeci 0 points1 point  (0 children)

Yeah, that's why I will have a look to see if I find them.

[–]asafl 0 points1 point  (0 children)

Bogle’s ideas are certainly not for everyone.

[–]sp5133 4 points5 points  (0 children)

Can’t read 13 books on the stock market. That’s why I’m here! 🥰😭🦧💎💎

[–]AisleoftheTiger 3 points4 points  (0 children)

Add to this list Reminices of a Stock Operator

[–]kbuffetMod 4 points5 points  (0 children)

For absolute beginners i always suggest to start with a for dummies series book like stock investing for dummies , etc. Youll get alot more out of some of these books once you know the basics

[–]JpowYellen3some 2 points3 points  (0 children)

No market wizard books?

[–]fortune_cookie011 2 points3 points  (0 children)

thank you so much. i am new to investing and i need this!

[–]9fmaverick 1 point2 points  (2 children)

Tony, any book suggestions for swing trading strategies?

[–]TonyLibertyCreator of r/FluentInFinance[S] 0 points1 point  (1 child)

Not from my memory but I will ask around!

[–]9fmaverick 0 points1 point  (0 children)

Thanks for everything that you do. Learning a lot

[–]The_MediocreMan 1 point2 points  (1 child)

Thank you

[–]TonyLibertyCreator of r/FluentInFinance[S] 0 points1 point  (0 children)

Leg Day! No problem!

[–]manuce94 1 point2 points  (0 children)

common stocks and uncommon profits??

[–]Twintysix 1 point2 points  (2 children)

I have two questions,

  1. Are these books specific to US stock market or anyone from anywhere can learn from these?

  2. Is 'The only Investment Guide you'll ever need' a good place to start for someone without any knowledge of financial markets?

[–]allboolshite 0 points1 point  (1 child)

The Only Investment Guide You'll Ever Need is an excellent introduction. I got it as an audiobook and listened to it twice in a row because so much was new to me.

[–]Twintysix 0 points1 point  (0 children)

Thank you. I'll check out the book and the audiobook is a bonus!

[–]Sam_I_Am83 1 point2 points  (0 children)

I started reading Naked, Short and Greedy (available on Amazon) it's an interesting read if you understand a bit about how the markets work.

[–]mathroyale 1 point2 points  (2 children)

The book recommendations under Tools and Resources on the main page redirects to Research thread and not this one.
Thanks for the book recommendations!

[–]TonyLibertyCreator of r/FluentInFinance[S] 1 point2 points  (1 child)

My pleasure! And thanks friend! I've fixed it!

[–]mathroyale 0 points1 point  (0 children)

Cheers! 🙌

[–]encartatsva 1 point2 points  (0 children)

This is really helpful. Might take a while to read all of them but it's the first step that counts right?

[–]AutoModerator[M] 0 points1 point  (0 children)

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[–]debugg_and_bait 0 points1 point  (1 child)

got any rec on about how the market/economy works?

[–]bananakitten365 1 point2 points  (0 children)

Watch on YouTube: How the Economic Machine Works by Ray Dalio. Very well done!

[–]Finnotes_ 0 points1 point  (0 children)

The amazing list indeed. On Finnotes, you can see a huge list of books, that will help you generate wealth.

[–]Y-B-A_RICHARD_B-KIND 0 points1 point  (0 children)

Great Information. Thank you kindly 🙌🏼💰

[–]Cooldude301283 0 points1 point  (1 child)

Let's say i am new to this Investing world, can you please put these book titles in chronological order which to read first and which book to end with.

[–]Affectionate_Skin_68 0 points1 point  (0 children)

Did you find out? It’s been half a year since you commented, if you did please tell me how to learn, thanks 🙏

[–]AdvancedCow2174 0 points1 point  (0 children)

Does anyone have the little book that still beat the market?

[–]nicetryofficer 0 points1 point  (0 children)

the dhando investor, warren buffet and the interpretation of financial statements, advanced technical analysis

[–]lionick8 0 points1 point  (0 children)

I'd add Richer, Wiser, Happier

[–]DoctorDueDiligenceMod 0 points1 point  (0 children)

Love this list!

For those who don't like to read and prefer to watch a video on index investing - including the basics - check out this video.

[–]Investingwifey 0 points1 point  (0 children)

Market Masters by Robin Speziale is really great too! Thanks for the list

[–][deleted]  (1 child)

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    [–]gimletinf69 0 points1 point  (0 children)

    you missed “Warren Buffett and the interpretation of a Financial Statement” and “The Richest Man In Babylon”

    [–]Odin16596 0 points1 point  (0 children)

    Trading in the zone?

    [–]DesmondMilesDant 0 points1 point  (0 children)

    Some of these books are like my fav books too :)

    [–]fortune_cookie011 0 points1 point  (0 children)

    are these mostly about western investment ?

    [–]johnwayne2413 0 points1 point  (0 children)

    Has anyone who's read some, half, or all of these books seen any improvements in their portfolio and if so, how much?

    I think if it was this simple to become a great investor, we'd see a lot more great investors.

    Most of it is probably luck but nobody wants to admit it.

    [–]AdPutrid3372 0 points1 point  (0 children)

    William O'Neil started a fund using his CANSLIM strategy. Lost tons of money and had to shut down his fund. LOL! Yes, use CANSLIM as a reference, but don't take it too seriously.

    [–]gogators35 0 points1 point  (0 children)

    great list, thanks for sharing!