So now that I've read books like All About Asset Allocation by Richard Ferri, The Bull Hunter by Dan Denning, Rule #1 by Phil Town, The Intelligent Investor by Benjamin Graham, The Five Temptations of a CEO by Patrick Lencioni, and Creating Wealth by Robert G. Allen. One of the better ones for me was The Bull Hunter. The others market themselves by making the consumer think by reading them, the consumer will somewhat automatically become a millionaire. This is not the case. While that may be obvious to some, it's not nearly obvious enough to many. Not to say that these books can't help you understand more about how to create, build, and maintain wealth. They can, but they're not going to give you the exact recipe to do so.
I have discovered, at least for me, through reading these books that I do NOT want to spend my time investing in individual stocks. In my opinion, it's a waste of time for me and I don't enjoy it that much so it's not really worth doing. Of course to every rule there is an exception and mine is MySQL. When MySQL goes public I will be investing in it. I believe in Open Source and free software AND I've used it so much that I want to have a stake in its future. At any rate I'm done for the most part with individual stock investment. edit: I am much more interested in Mutual funds for their increased diversification and security. There is a lot of potential there. /edit
2 comments:
...So does that mean you like mutual funds? - Cause that's all I know anything about, and I've learned a lot about this thru Vanguard (hit or miss) - so if that's what you're feeling is the best way to go, that makes me feel good about where I am right now with my own investing...
...So I hope that's what you mean...
- mj
Yes, that's what I meant. It's much better and easier in my opinion. Put it in and forget about it.
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