Maybe you’re automatically funneling payroll deductions into your 401 account. Or you’ve dabbled in crypto or, God forbid, bought a meme stock or two on Robinhood.
I’ve picked four every new investor should read about investing and one must-read on personal finance. They’re all easy to read, too. So-called mediocre index funds beat 75% of all funds. And investors ultimately become winners by not losing. Mackay’s account is historical while Kindleberger, a former professor at MIT, is more analytical, though the book is quite readable. Kindleberger lays out how crises develop, as lending loosens and speculation soars, and the anecdotes in both books should provide ample warning about the current excesses in everything.
Writers like Terry Savage and Liz Pulliam Weston, whom I know and respect, as well as Jane Bryant Quinn have written some fine broad-based personal finance books. These women pioneered personal finance journalism and you can’t go wrong with anything they’ve written.
You gotta start somewhere.
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