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Showing posts from February, 2013

Three Books for Novice Investors

    I have only been seriously investing for about sixth months now.  I say "seriously" because I have attempted to invest for about 5 years but it looked a lot like this ...  So my only successes have been in investing in index funds.  Which If you don't have the time or energy to pick your own investments is the best way to go, in my opinion.       Almost all of my "education" has come through reading a handful of books. The Richest Man In Babylon     The Richest Man in Babylon comes all the way from the deep dark past of 1920's America.  It is series of stories and parables set in ancient Babylon and designed to teach financial wisdom.  The book stresses discipline and prudence, consistently saving, avoiding debt, not investing in risky ventures etc.  I have to wonder if people in the 1920's had taken his advice if the whole financial mess that followed wouldn't have happened or at least have been diminished.    If you don&#