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Investing/Strategies / Retirement Investing
|Subject: Re: New to Investing at 58||Date: 4/11/2011 10:14 PM|
|Author: Watty56||Number: 68873 of 81341|
This is a great beginning book, Check out the reviews at Amazon;
The Bogleheads' Guide to Investing
There is another Bogelheads book that covers much of the same material but is geared more for retirement;
The Bogleheads' Guide to Retirement Planning
When learning about investing you need to remember that thate are only really three things that you can control.
1) Keeping expenses low (mostly low cost index funds)
2) Your asset allocation (mixture of stocks and bonds)
3) How much you save or spend each year.
Be very careful of thinking that you will somehow be able to beat the index funds buy your shear superior intelligence or by paying someone a fee to pick them for you. If someone did have that skill they would be billionaires and would not sell you the info for a small fee. If you could do this yourself, then ou could earn a seven figure salary on wall street. A professional investore would be in the investing hall of fame if they could consistantely beat the indexes by 1% per year.
You can do very will with just these low cost index funds for a start.
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