4 ms·

Ask HN: Best Book for Personal Finance and Investment

42 points by r0f1 6y ago

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.

thegooodness 6y ago
If You Can: How Millennials Can Get Rich Slowly By William Bernstein
- DapperZoom 6y ago
  I was going to recommend the Four Pillars of Investing by Mr. Bernstein. https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW 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.
cpach 6y ago
Maybe these sites: https://canadiancouchpotato.com/ https://canadiancouchpotato.com/ https://www.bogleheads.org/ 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.)
toomuchtodo 6y ago
For personal finance: https://www.npr.org/sections/alltechconsidered/2016/01/08/462250239/when-an-index-card-of-financial-tips-isnt-enough-this-book-is-there https://www.npr.org/sections/alltechconsidered/2016/01/08/46... https://www.washingtonpost.com/news/wonk/wp/2013/09/16/this-4x6-index-card-has-all-the-financial-advice-youll-ever-need/ https://www.washingtonpost.com/news/wonk/wp/2013/09/16/this-... https://www.reddit.com/r/personalfinance/comments/4gdlu9/how_to_prioritize_spending_your_money_a_flowchart/ https://www.reddit.com/r/personalfinance/comments/4gdlu9/how... For investing, Bogleheads.
reducesuffering 6y ago
Bogleheads: https://www.amazon.com/Bogleheads-Guide-Investing-Second/dp/B07VGDSDPB/ref=sr_1_1?dchild=1&keywords=bogleheads&qid=1588457590&s=audible&sr=1-1 https://www.amazon.com/Bogleheads-Guide-Investing-Second/dp/... Bernstein is also good
jugjug 6y ago
https://www.bogleheads.org/RecommendedReading.php https://www.bogleheads.org/RecommendedReading.php https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews https://www.bogleheads.org/wiki/Books:_recommendations_and_r...
smarri 6y ago
John Kay - The Long and Short of it
aswathrao 6y ago
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.
shoo 6y ago
William Bernstein (mentioned by others) suggests the following reading list: http://www.efficientfrontier.com/reading.htm http://www.efficientfrontier.com/reading.htm
baccredited 6y ago
The Simple Path to Wealth by JL Collins
- rocketpastsix 6y ago
  huge plus one for this book.
7402 6y ago
The Only Investment Guide You'll Ever Need by Andrew Tobias
Mayurakasun 6y ago
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42 points by r0f1 6y ago

thegooodness 6y ago

If You Can: How Millennials Can Get Rich Slowly By William Bernstein

DapperZoom 6y ago
I was going to recommend the Four Pillars of Investing by Mr. Bernstein. https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW 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.

cpach 6y ago

Maybe these sites: https://canadiancouchpotato.com/ https://canadiancouchpotato.com/ https://www.bogleheads.org/ 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.)

toomuchtodo 6y ago

For personal finance: https://www.npr.org/sections/alltechconsidered/2016/01/08/462250239/when-an-index-card-of-financial-tips-isnt-enough-this-book-is-there https://www.npr.org/sections/alltechconsidered/2016/01/08/46... https://www.washingtonpost.com/news/wonk/wp/2013/09/16/this-4x6-index-card-has-all-the-financial-advice-youll-ever-need/ https://www.washingtonpost.com/news/wonk/wp/2013/09/16/this-... https://www.reddit.com/r/personalfinance/comments/4gdlu9/how_to_prioritize_spending_your_money_a_flowchart/ https://www.reddit.com/r/personalfinance/comments/4gdlu9/how... For investing, Bogleheads.

reducesuffering 6y ago

Bogleheads: https://www.amazon.com/Bogleheads-Guide-Investing-Second/dp/B07VGDSDPB/ref=sr_1_1?dchild=1&keywords=bogleheads&qid=1588457590&s=audible&sr=1-1 https://www.amazon.com/Bogleheads-Guide-Investing-Second/dp/... Bernstein is also good

jugjug 6y ago

https://www.bogleheads.org/RecommendedReading.php https://www.bogleheads.org/RecommendedReading.php https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews https://www.bogleheads.org/wiki/Books:_recommendations_and_r...

smarri 6y ago

John Kay - The Long and Short of it

aswathrao 6y ago

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.

shoo 6y ago

William Bernstein (mentioned by others) suggests the following reading list: http://www.efficientfrontier.com/reading.htm http://www.efficientfrontier.com/reading.htm

baccredited 6y ago

The Simple Path to Wealth by JL Collins

rocketpastsix 6y ago
huge plus one for this book.

7402 6y ago

The Only Investment Guide You'll Ever Need by Andrew Tobias

Mayurakasun 6y ago

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