Portfolio Return as of 02/09/2023:
2020: 25.65%
2021: 29.15%
2022: -.019% (SP500 -18.01%)
YTD: +8.29

Must Reads

Reading is Essential

What do Bill Gates, Warren Buffet, Elon Musk and other wealthy people have in common? They all are avid readers. You should be too. These are all books I have personally read; otherwise, I wouldn't recommend them. In full disclosure, I do make a small commission if you buy the books here, at no extra cost to you. Start with these six books.
Total Money Makeover
A simple, straight-forward game plan for completely making over your money habits! I used this book to get out of debt, as well as budgeting, financial net worth statements, paying off credit cards, and the emergency fund, which I eventually grew to 12 month's expenses.
I don't follow his rules 100 percent. For example, I think you should have a $2,000 emergency fund as the first step. Also, I don't use my debit card for online transactions or for travel. I got hacked once doing this. I use a credit card and pay off the balances immediately.
Best $20 you will ever spend (I think this book is now $15 in paperback format).
The Richest Man in Babylon
Financial principals as old as written history. Written as stories, this easy to read book explains these principals in language anyone can understand.
This book is on every reading list I have found.
What one reviewer on Amazon wrote: "Easy to read and understand, timeless message. This book should be required reading for all school kids. It doesn't espouse greed like Think and Grow Rich. It simply teaches that you already have the ability to grow your prosperity from what you already have. READ THIS BOOK and change your life forever."
Basic Economics
Everyone should have a foundation in basic economics, or simply how the economy works and what affects it. Boring right? But this book is written so that anyone can understand the basics without getting too bored.
Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on.
Buy, Hold and Sell!
For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes.
Understand the buy-hold-SELL strategy
Learn how to design a sell strategy to protect principal in the next bear market
Find clear-cut information regarding retirement finances
Discover the benefits of a diversified portfolio
This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal. The goal is not to make you rich quick, but to help you keep from becoming poor.
The Neatest Little Guide to Stock Market Investing
The essential stock market guide for beginners, updated with timely strategies for investing your money. The perfect book for anyone hoping to learn the basics of investing.
Accessible and intelligent, The Neatest Little Guide to Stock Market Investing is what every investor, new or seasoned, needs to keep pace in the current market. This book is a must read for anyone looking to make money in the stock market this year!
Rule #1
Value investing the Warren Buffet way, but explained so anyone can understand. Highly recommended. Town also has courses and resources on his website, ruleoneinvesting.com.
But the financial concepts are timeless. A must read.

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