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Monday, March 23, 2009

Economic Influences - Question 53

Can yon recommend any books on investing?

“Making The Most Of Your Money” by Jane Bryant Quinn is an easy-to-follow step-by-step guide about organizing your financial affairs. (You can even learn while commuting; it is available in four audio cassettes which are read by the author.) Ms. Quinn is a columnist for Newsweek magazine and is syndicated in 250 newspapers nationwide.

There are many other excellent books on investing, such as Peter Lynch’s “Beating The Street.” He writes in an easy-to-understand manner, avoids jargon-and makes sense. Mr. Lynch earned his reputation as a manager of the Fidelity Magellan Fund.

Another book is "St n: A Guide For Selecting Markets for Lo Jeremy Siegel, professor of finance at the Wharton School, University of Pennsylvania. The book makes a strong case for investing in stocks rather than bonds over the long run, by showing that a 40-year old saving for retirement can expect much higher returns from stocks than bonds. Dr. Siegel was recently voted “Best Business School Professor” by Business Week magazine.

“The Great Boom Ahead” by Harry S. Dent, Jr. is an upbeat forecast for investors on the reasons they will prosper during America's protracted boom. After reading this book I felt very positive about our economy. Dent believes that as the baby boomers reach their peak spending years (ages 45-50), this spending wave will result in a Great Boom. Dent presents a very persuasive case for investing in equities to capitalize on “The Great Boom Ahead.”
In addition to reading these books, you may wish to enroll in an adult education course at your local high school or college.

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