Book Recommendation New Investor

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Dec 4, 2009 2:40 am

I have a new client who wants to learn about investing from me and supplement with a book or two.  She loves to read and likes the Robert Kiyosaki Rich Dad books.
She asked me what I recommended to a neophyte investor.
Any Ideas?  Everything I read is either sales related or too technical.
Jim Cramer, Peter Lynch, Warren Buffet?  Thanks in advance!

Dec 4, 2009 10:15 am

Simple Wealth Inevitable Wealth - Nick Murray

Dec 4, 2009 10:52 am
BioFreeze:
FireUp:

I have a new client who wants to learn about investing from me and supplement with a book or two.  She loves to read and likes the Robert Kiyosaki Rich Dad books.
She asked me what I recommended to a neophyte investor.
Any Ideas?  Everything I read is either sales related or too technical.
Jim Cramer, Peter Lynch, Warren Buffet?  Thanks in advance!




There's a great book called "How to find a heterosexual advisor" that I think she might find helpful.



That's hilarious!

Dec 6, 2009 3:44 pm

The Only Investment Guide You'll Ever Need great beginner book

Dec 6, 2009 4:45 pm
ambitious:

The Only Investment Guide You'll Ever Need great beginner book

 
It has been my experience not to buy book from professional book writers who have never actually done anything..
Dec 6, 2009 11:36 pm

I actually prefer "The richest man in babylon" as a client gift.

Dec 7, 2009 6:04 am

I'll second "The Richest Man in Babylon".

Dec 7, 2009 12:13 pm

Give her Securities Analysis by Ben Graham.  Three pages in, she'll be calling you to handle everything for her.

Dec 7, 2009 2:04 pm
etj4588:

Give her Securities Analysis by Ben Graham. Three pages in, she'll be calling you to handle everything for her.

LOL. That is hilarious. I wonder if this will actually work. =)

Dec 7, 2009 2:23 pm
FireUp:

I have a new client who wants to learn about investing from me and supplement with a book or two.  She loves to read and likes the Robert Kiyosaki Rich Dad books.
She asked me what I recommended to a neophyte investor.
Any Ideas?  Everything I read is either sales related or too technical.
Jim Cramer, Peter Lynch, Warren Buffet?  Thanks in advance!

 
If she likes Robert Kawasaki, she's going to hate almost anything we suggest.  That guy's a tool.  How about the "Best of Suze Orman"?  Sounds like more her style.
Dec 12, 2009 12:05 pm

Don't recommend Intelligent Investor as she may turn to chapter 10.

Dec 15, 2009 7:35 pm

The 'for dummies' books are awesome. Options for dummies is exceptional.

Dec 15, 2009 11:17 pm
C'mon now, don't be shy. Give her something to sink her teeth into. If she understands all the ins and outs of Rich Dad's OPM concepts she's ready to step up!

Nothing less than Securities Analysis, Graham and Dodd will do. I suggest hard copy, gift wrapped for the holidays for her.
 
 
Kicking A and Taking Names
Dec 16, 2009 8:02 am
Takingnames:
C'mon now, don't be shy. Give her something to sink her teeth into. If she understands all the ins and outs of Rich Dad's OPM concepts she's ready to step up!

Nothing less than Securities Analysis, Graham and Dodd will do. I suggest hard copy, gift wrapped for the holidays for her.
 
 
Kicking A and Taking Names



Agree.  Any client who reads that will double your pay.

Dec 20, 2009 9:25 am

I would suggest the "Finish Rich" books or The Automatic Millionaire by David Bach.  Good books that will encourage her to save money and think about the big picture.

 
 
Dec 21, 2009 8:49 am

You can't go wrong with Liar's Poker by Michael Lewis.

Preface the recommendation by saying "Of course, this never happens in the real world"

Dec 21, 2009 10:16 pm

Anything by Ben Graham (Intelligent Investor, Security Analysis).  However, to gain full effect, you must say this when giving it:  "Here's something I picked up when I first started in this business.  Fast read and rudimentary, but a good foundation."  Customer for life.







For the record, I'm a huge fan of Graham/Buffett, and don't find their books fast nor rudimentary.  Solid value bibles.
Jan 26, 2010 12:49 pm

There's a neat book on Amazon called Your Roadmap to Retirement: Solutions When You're Lost. It was written from someone in our industry. A client of mine read it, and it basically covered a lot of aspects about investing, especially as it related to certain products (annuities), controlling emotions, building bond ladders, the need for insurance, and covered market sentiment.

My client said it was gritty and really got him to think about the things he needs to be doing NOW to get ready for retirement.