42 Rules for Sensible Investing: A Practical, Entertaining and Educational Guidebook for Per... Book

The financial markets seem to be on a perpetual roller coaster and the author acknowledges this in the preface of this book. He says "Stock markets declines happened before and will happen in the future. They are a natural part of the market cycle." He also reassures the reader that the long-term investing philosophy taught in this book will work no matter how the market gyrates up and down.

I started reading this book at the end rather than at the beginning because the author includes a comprehensive Appendix that includes a glossary of terms. If you are unfamiliar with investing this is a good place to start. This is a great book for newbie investors, like myself, to learn the basics and enough advanced material to help more seasoned investors make better decisions.

Some of the information I found particularly helpful was the pros and cons of using a fund rather than self investing, why management fees vary and how this effects the performance of a portfolio or fund, only buy what you know… don't buy stocks in companies or in an industry that you don't understand and why tracking insider trading is important.

The book concludes with a bibliography, internet resources and the glossary. I believe this book contains so much information that it can easily take the place of a dozen other books on the same topic.