5 Best Audio Books for Smart Investors

September 9, 2011

The wide world of investments may give pause to the uninitiated.  After all, you’re playing with what could be a portion of your retirement, money that could safely be tucked away in a bank for use down the road.  Investments are more like gambling; the payoff can be commensurate to the risk, but even those who know what they’re doing sometimes lose their shirts.  However, when you have an understanding of how investing work you can hedge your bets and make informed decisions rather than going in blind.  Here are just a few great audio books that can help you become familiar with investing and help you choose the direction that suits you best.

  1. Learn to Earn: A Beginner’s Guide to the Basics of Investing and Business by Peter Lynch and John Rothchild.  If what you’re looking for is a basic beginner’s guide to making personal investments, then this is the audio book for you (as the title suggests).  Learn to read and understand stock tables and annual corporate reports, as well as how to think like an investor, and you’ll soon be on your way to making a killing like the pros.
  2. Foreclosure Investing for Dummies by Ralph R. Roberts and Joe Kraynak.  This topical audio book is made for anyone looking to put their investment funds into real estate while the buyer’s market persists.  Property is one of the best investments, especially during a recession, because values that are rock bottom have nowhere to go but up.  This audio book will teach you how to research properties, secure financing, and avoid the common mistakes that most RE investors get hung up on.  And with foreclosures dominating the market right now, you have a lot to gain by putting your extra cash into real estate.
  3. The Smartest 401(k)* Book You’ll Ever Read: Maximize Your Retirement Savings the Smart Way! (*Smartest 403 (b) and 457 (b), too!) by Daniel R. Solin.  Although the title is long and you’ll be listening rather than reading, this audio book offers simple solutions to help the average person make a retirement account go further, despite an investment management industry that is basically corrupt (yet still handling your money).  If you’re looking for a few tips on stretching every last dollar that you put into your 401k, this audio book can get you started.
  4. Smart Couples Finish Rich: Nine Steps to Creating a Rich Future for You and Your Partner by David Bach.  He who dies with the most toys still dies, it’s true, but his quality of life may be better up until the end.  And you can take your partner along for the ride, unless you’d rather have that same old argument about your faulty financial situation.  Instead of rehashing monetary missteps in your relationship, let Bach guide you through the process of setting and achieving joint financial goals (while avoiding common mistakes).  You’ll learn to save, invest, and get what you want, for both of you.
  5. Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down and Why They’ll Take Us to the Brink Again by Suzanne McGee.  Sometimes being a smart investor means knowing your limitations, whether that entails funneling funds into accounts with online banks instead of high-risk stocks or splitting your money between a variety of investments instead of gambling on hot commodities.  McGee discusses not only the last fifty years of the U.S. financial market that led to the current recession, but also the fact that individual investors used the previous successes of Goldman Sachs as a benchmark for their own investments (to the detriment of the entire market).  There’s a lesson you can take from them about shooting for the moon and falling short.

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