basic book to read on money/world markets

[Beaglehound]

Wise words Stockbeard. I used to largely invest in assets but now have a lot of my money in cash, simply because I am inherently cautious, in my 50s, own my house outright, and feel that given a fair wind in terms of state pension systems not collapsing and I and my wife remaining reasonably healthy and gainfully employed, we will be OK in retirement, maybe even able to wind down work wise in our 60s. Others would make a different call, which is fair enough, nothing is guaranteed and no way of dealing with money is a sure fire winner.

[jcc]

jcc,
As a noobie, I have 'If you can' in one hand, reading in repeat *) I must admit I've been daunted by the sheer amount of reading he mentions, so I'm just starting with the jlcollins stock series. I feel like I have a solid list to go from after that now, thanks to the RJ group. Cheers.

The way I rationalized it for myself was...

If each book (on average) increased my returns by 0.1%... that's 18.8% extra over 30 years investment of compounding(assuming 6.5% vs 6.6%).

So if I invest 1,000,000 for 30 years, by reading that book I make 188k extra.

Seems like a pretty good return for my time, right?

Now I don't know what the exact figures are, but I think that the time I spent reading those books was probably the best time investment I've made in anything. I also have a LOT more than 1m yen invested.

Being a noobie, reading books is the time where you're going to get the most benefit from them.