Suggested Reading
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Smoke & Mirrors : Financial Myths That Will Ruin Your Retirement Dreams
by David TrahairThis book will give Canadians the ammunition they need to fight back against the scare tactics and rule of thumb selling methods used by many banks and financial planners to suck money out of your pockets every day!
"Very good. Practical- I loved the DVD resource and and found it was an easy read. I read it in 24 hours. I was in the process of making decisions in my financial life and needed some direction. I always find that working with 'Financial Advisors' from investment companies or banks are just not objective. Even if they are quite good at what they do, they are in the business of sales. Hearing some thoughts from a CA was refreshing. I consider myself to be informed, if not saavy financially- it is an individual's responsibility; but I hear time in and time out the same lines- I don't buy it. Sure don't put your eggs in one basket, but if I invest with only you, is that exactly what I am doing? And how about the 10% rule. Doesn't your other assests and individual situation come into play? Thanks David for debunking some of the myths. Very helpful." -
Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy
by Jordan E. GoodmanFrom
> Amazon.com: "Empowers investors to take control of their money and earn high returns no matter what the economy is doing...I am a big believer in passive income strategies, and Goodman explains them in a simple, easy-to-understand way and gives you the resources to create a stream of substantial passive income." -- T. Harv Eker, New York Times bestselling author of Secrets of the Millionaire Mind
"What Goodman has done is to show how anyone can find alternative pathways to financial success. He not only explains these strategies, but also provides helpful Web sites and other key information as well. This book is a real positive investment in building your financial future." -- Douglas R. Andrew, New York Times bestselling author of The Last Chance Millionaire -
No Hype – The Straight Goods on Investing Your Money
by Gail BebeeGet the knowledge you need to cut through investment industry hype and profitably invest your hard-earned money. This easy-to-read book of investing basics is written expressly for Canadians by a savvy financial industry outsider. Benefit from the author’s school of hard knocks experience in the investment trenches and unbiased opinions on the best investment choices for the typical Canadian. Find out how to choose the right financial advisor, build a successful investment portfolio, keep investing costs down and much more. The book includes a detailed table of contents and complete index. It’s the guide to investing that belongs on the bookshelf of every Canadian investor. And it's recommended by Toronto Star personal finance columnist Ellen Roseman.
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The Streetsmart Guide to Overlooked Stocks : A Guide to Investing in the Best Overlooked Stocks for Superior Returns
by George FisherFrom
> Amazon.com: Today's stock market is filled with highpotential companies that, for one reason or another, have slipped beneath the radar screens of analysts and money managers. The Streetsmart Guide to Overlooked Stocks outlines a simple yet effective approach for uncovering these outstanding opportunities ahead of the pack. It shows readers how to find investment gems through fundamental research and management analysis, understanding underlying market trends, and quantitative analysis of stock price valueThis latest addition to McGraw-Hill's popular Streetsmart series provides indepth analyses of 30 actual companies that have remained a secretbut are destined to be discovered.
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All About DRIPs and DSPs
by George C. FisherFrom Amazon.com: The numbers are astonishing: of the 45 million Americans who invest in today's stock market, only 5 million realize they can invest commission-free through dividend reinvestment plans (DRIPs) and direct stock purchase plans (DSPs). But as more and more investors clamor to cut costs and take control of their own portfolio decisions, this number is destined to rise--dramatically! All About DRIPs and DSPs tells investors everything they need to know about where to find direct investment opportunities, and how to profit from their affordable compounding benefits. Author George Fisher--a pioneer of more than 30 years investing in DRIPs and DSPs--discusses: * Today's top 100 DRIP/DSP companies * Advice for building a personalized, diversified mutual fund * How to use PEG (price to earnings growth ratio) to identify superior long-term opportunities.
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Sleep Easy Investing
by Gordon Pape
What is your number one investment priority? Finding the next "hot" stock? Making huge profits? Making 10 percent a year on your money? If you found yourself nodding at any of these suggestions, you need to rethink your whole approach to money management. The number one goal of every investor should actually be to sleep comfortably at night. Simplistic? Sure! Personal finance expert Gordon Pape explains that if you adopt the sleep-easy philosophy as your basic credo, both your health and wealth will benefit. In this must-read book, Pape explains this investing philosophy and how it can be used by everyone to avoid the greed and fear traps.
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The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New
by Jeremy J. Siegel"The constant pursuit of growth--through buying hot stocks, seeking out the next big thing, or investing in the fastest growing countries--dooms investors to poor returns."Siegel presents a framework for understanding world markets and offers strategies for protecting and enhancing long-term capital. Warren Buffet, the preeminent investor, suggests that those interested in investments should study Siegel's new facts and ideas.
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The Dividend Rich Investor: Building Wealth with High-Quality, Dividend-Paying Stocks
by Joseph Tigue and Joseph LisantiThis invaluable resource distills Standard & Poor's successful dividend investment philosophy into a user-friendly guide for the individual investor. the authors, both editors of Standard & Poor's high-rated investment newsletter, The Outlook, tell readers why dividends are a vital part of the investment equation, what to look for in a dividend-paying stock, which stocks are the dividend leaders, and who successfully uses dividends as a stock picking tool.
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The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller
This witty guide advises readers to stop playing the stock market or listening to television gurus and instead put their money into dividend-paying, moderate-growth companies that offer consistent returns and minimum risk. Citing statistics that show companies initiating and raising dividends at the fastest rate in 30 years, this analysis declares once-stodgy dividends to be "the next new thing" and provides simple rules for choosing the best stocks, using traditional evaluation tools, reinvesting dividends, comparing stocks and bonds, and building a portfolio. Technical aspects of the stock market are explained in the final pages that include two new chapters and revised statistics as well as academic studies, historic back-tests, examples of real-time performance, and a list of resources for further research.
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The Lazy Investor
by Derek FosterYou need to stop enriching the fat cats on Bay Street and enrich yourself! I’m not an “expert” investor, but I retired at 34! This book uses a simple strategy to help you reach financial freedom – even if you only have $50 to start and no investment knowledge.
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Eight Steps to Seven Figures : The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too
by Charles CarlsonFrom Amazon.com: In the tradition of the megabestseller The Millionaire Next Door, Eight Steps to Seven Figures brings together in-depth interviews with over two hundred everyday people whose investments have made them millionaires. But while The Millionaire Next Door describes its subjects' lifestyles and spending habits, Eight Steps to Seven Figures focuses squarely on the investing strategies and principles that ordinary people have used to achieve the magic million-dollar mark.
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What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time
by James P. O'ShaughnessyReviewed on Amazon.com: Investors -- be they aggressive or conservative, self-directed or professionally managed -- are always on the lookout for an edge. And in James O'Shaughnessy's What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time, they'll find a solid one: authoritative analysis of popular practices from the past. The author examines three decades of stock market data to show how 15 of the most common investment tactics have fared over time.
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by Peter LynchFrom Publishers Weekly: Until retiring in 1990, Lynch ( One Up on Wall Street ) was manager of the spectacularly successful Fidelity Magellan Fund. Here he recalls with self-deprecating humor and disarming candor how he went about choosing winning stocks (and missing a few) for the $12 billion fund, which, during one five-year period in the 1980s, earned investors a 300% return. Lynch strongly favors stocks over other investment vehicles but insists that "investigative" research into a corporation's prospects, including credit checks and visits to the firm's installations, is essential. "Focus on companies, not the stocks," he stresses, adding that on this basis limited partnerships, banks and even S & Ls can be sound investments. Lynch's reputation and business writer Rothchild's deft touch should yield big sales for this inside and Fortune Book Club alternates; author tour.
Past Recommendations of Interest to DRiPpers
One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
by Peter Lynch
Amazon.ca link- The Millionaire Next Door: The Surprising Secrets of America's Wealthy
by Thomas J. Stanley and William D. Danko
Amazon.ca link - The Wealthy Barber: Everyone's Commonsense Guide to Becoming Financially Independent
by David Chilton
Amazon.ca link - The Millionaire Mind
by Thomas Stanley
Amazon.ca link - Investing in REITS: Real Estate Investment Trusts - Revised and Updated Edition (REIT)
by Ralph L. Block
Amazon.ca link - The Motley Fool's Investing Without a Silver Spoon
by Jeff Fischer
Amazon.ca link - Buying Stocks Without A Broker
by Charles B. Carlson
Amazon.ca link - Guide to Direct Investment Plans
From Moneypaper.com
Amazon.ca link - The Individual Investor Revolution
by Charles B. Carlson
Amazon.ca link - The Warren Buffett CEO: Secrets of the Berkshire Hathaway Managers
by Robert P. Miles and Tom Osborne
Amazon.ca link - 101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway
by Robert P. Miles
Amazon.ca link - The Kitchen Table Investor
by John F. Wastik (* good easy read for getting started in investing and saving)
Amazon.ca link - Wow the Dow
by Pat Smith & Lynn Roney * (decent book for getting kids involved in investing)
Amazon.ca link - Take Stock
by Ellis Traub
Amazon.ca link - The Winning Portfolio: Choosing your 10 Best Mutual Funds
by Paul B. Farrell (* decent book published by Bloomberg on getting started, good for demonstrating diversification and for those who have to choose funds for retirement accounts)
Amazon.ca link - Street Wise: A Guide for Teen Investors
by Janet Bamford (* published by Bloomberg, another good one for getting middle and high school students involved in investing)
Amazon.ca link - A Fool and his Money
by John Rothchild (* not really for Drippers, but a light read on how to lose money)
Amazon.ca link - The 100 Best Dividend-Paying Stocks to Own in America
by Gene Walden (* good place to start researching ideas)
Amazon.ca link
* Comments by Jennifer Krou