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Re: 401K update
Board: Money and Investing
Reply to: #15737 by daelphinus
Feb 1, 2006 10:56am
Thread (disabled) Board
Quote AND I love books by Peter Lynch--

"One Up on Wall Street"
"Beating the Street"


Yeah, I really enjoyed those two book as well. =)

If you've ever read anything by Warren Buffett, it's pretty fascinating as well. He doesn't have any books (well, none that he's written, at least--lots of books about him, though!), but his annual reports are very interesting and educational and worth a peep every now and then. =) Not as easy to read as Peter Lynch's books, but very fascinating!

http://www.berkshirehathaway.com/

-- Ryan
Re: 401K update
Board: Money and Investing
Reply to: #15739 by Green Tortuga
Feb 1, 2006 12:08pm
Thread (disabled) Board
In my non-letterboxing life (could there be such a thing?) I write about books for an investment magazine. These are a few of my favorite personal finance/investing books (beyond the ones previously mentioned):

Personal Finance for Dummies and Investing for Dummies, both by Eric Tyson

The Only Investment Guide You'll Ever Need by Andrew Tobias (there's a newly updated edition)

The Millionaire Next Door by Thomas Stanley and William Danko - a very eye-opening book about why the people you think are really rich just might not be and how to follow the example of true millionaires to build your own wealth.

If you invest in mutual funds, you MUST read something by John Bogle (founder of Vanguard). His latest book, Battle for the Soul of Capitalism, is a scary and scathing look at the industry and the reforms he thinks are necessary.

If you're trying to figure out how much you'll need for retirement, the just-published book The Number by Lee Eisenberg gives a unique, funny and philosophical take on the subject. I had a lot of fun reading that one.

For parents wanting to teach their kids about money, I really like Raising Financially Fit Kids by Joline Godfrey and The First National Bank of Dad by David Owen.

There are a lot more books I really admire but time prevents me from making a truly comprehensive list. I have more shelves of financial books that should be legally allowed - if you're thinking about reading/buying anything in particular, I'd be happy to offer up my opinion if I've read it so just ask.

TurtleMcQ
Re: 401K update- Books
Board: Money and Investing
Reply to: #15742 by TurtleMcQ
Feb 1, 2006 1:13pm
Thread (disabled) Board
How about Arm Chair Millionare by Silent Doug?

Don
Re: 401K update
Board: Money and Investing
Reply to: #15713 by Kaaren the Vampire Slayer
Feb 1, 2006 1:13pm
Thread (disabled) Board
I have been putting the max into my 401K since 1989 and I have a nice little nest egg there! I used to date a stockbroker and he would help me make the decisions on what options I should direct the money to...

Unfortunately, my company does NOT match contributions in any way, shape, or form. Of course you can't blame them when they are bankrupt most of the time! Darn Airlines!!

My Dad was the one who told me to do the 401K in the beginning when I first got my job. If you have always contributed money to it, you never miss it! And he could see the handwriting on the wall as far as pensions and social security!! I am amazed at the number of Flight Attendants who did not do the 401K in the beginning and are just now thinking about it after 15 years of working!! Especially since many of them plan to try to retire within the next 10 years.

-Amanda from Seattle
Re: 401K update
Board: Money and Investing
Reply to: #15746 by Amanda from Seattle
Feb 1, 2006 2:25pm
Thread (disabled) Board
Quote Unfortunately, my company does NOT match contributions in any way, shape, or form. Of course you can't blame them when they are bankrupt most of the time! Darn Airlines!!


Thankfully, mine matches 50% of what I put in, so it helps out a lot.

I never thought about retirement, until my old boss really pushed it. My parents both did not plan for theirs. Dad is 61 and has barely anything for retirement. :( I don't want to have to keep working until I am 70 or more....unless I really want to, not because I HAVE to.
Re: 401K update
Board: Money and Investing
Reply to: #15751 by Kaaren the Vampire Slayer
Feb 1, 2006 2:37pm
Thread (disabled) Board
Quote Thankfully, mine matches 50% of what I put in, so it helps out a lot.

It really makes me crazy when I think of all the money I COULD have had! If USAirways matched contributions! WOW. But I am lucky that I have been doing what I have been!

I had an old boyfriend who was bamboozled that I had so much money taken out of my paychecks and put into 401K. (And this was in the early 90's) He couldn't see why I would do that! I told him that I didn't think HE would be taking care of me when I was 80 years old!! I was right about that! :-) He is long gone.
:-)
-Amanda
Re: 401K update- Books
Board: Money and Investing
Reply to: #15745 by Don and Gwen
Feb 1, 2006 3:21pm
Thread (disabled) Board
Quote How about Arm Chair Millionare by Silent Doug?


There's another one of his books I'd be more likely to recommend first. :-)

TurtleMcQ
Re: 401K update- Books
Board: Money and Investing
Reply to: #15757 by TurtleMcQ
Feb 1, 2006 6:14pm
Thread (disabled) Board
Quote There's another one of his books I'd be more likely to recommend first. :-)

Not going to toot your own horn???
Try Investment Clubs For Dummies by Silent Doug and TurtleMcQ!! OR

NAIC's Official Guide: Introduction to Successful Investing by TurtleMcQ

-Amanda from Seattle
Re: 401K update- Books
Board: Money and Investing
Reply to: #15765 by Amanda from Seattle
Feb 2, 2006 5:26am
Thread (disabled) Board
Wow! Thanks to everyone for all the suggestions and help. I'm actually looking forward to a trip to the library this weekend to see if I can find some of these or interlibrary loan them.
I'm starting to get intrigued with the idea of saving money and playing with it tax free so that I don't HAVE to work if I don't want to when I get there.
Luckily I have a few months before I can sign up and get started on it to learn about what I'm actually doing!

Moonduck