recommended reading

(available from fishpond.co.nz)

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The Investment Answer

By Daniel Goldie and Gordon MurrayThe_Investment_Answer_1.jpg

This relatively straightforward investment book has been a runaway success in the US and promotes the use of a good financial adviser and sticking to a common sense approach to investing.

To read our book review click here.


The Only Guide to a Winning Investment Strategy 

By Larry E Swedore  winninginvestmentstrategy_1.gif

If you are an investment neophyte or an index fund guru, this book will expand your knowledge.  The research is in and the results are unequivocal, indexing beats active management over time and by a significant amount.  The only people who contest the evidence are active fund managers who don't want to lose their paying customers.

 

Winning the Loser's Game 

By Charles D. Ellis  Winning_the_Losers_Game.gif

A true financial classic, How to Win the Loser's Game over 55,000 copies sold in its previous two editions.  Simple, straightforward, and concise, Ellis, one of today's most brillant investment writers, provides timeless wisdom about the nature of investing.

 

What Wall Street Doesn't Want You to Know 

By Larry E Swedore  whatwallstreetdoesn_1.gif

Larry Swedore's third book describes the many common investment mistakes that all investors tend to make in good markets and bad, concluding that a passive asset class investment approach remains throughout the best way to avoid such mistakes.  Every reader will recognise his or her own weaknesses in at least parts of the descriptions offered in this fast-paced book.  It provides a fresh look at why the basic principles of sound investing remain the same despite a constantly evolving financial world.

 

A Random Walk Down Wall Street 

By Burton Malkiel  randomwalk_1.gif

A "random walk" - in market terms - suggests that a "blindfolded monkey" would have as much luck selecting a portfolio as a pro.  But Burton Malkiel's classic investment book is anything but random.  Since stock prices cannot be predicted in the short term, argues Malkiel, individual investors are better off buying and holding onto index funds than meddling with securities or actively managing mutual funds.

 

The Unbeatable Market

By Ron RossThe_Unbeatable_Market_2.jpg

The Unbeatable Market encourages investors to "avoid the Wall Street active management trap".  Ross argues that the road to investment efficiency and enhanced financial peace of mind lies down the indexing route and investors should give up on "beat the market" strategies.