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Suggested Reading
Station 4 - Managing your investment strategy:
Conservative ||
Aggressive ||
Balanced
Chancellor, Edward. 2000 Devil Take the Hindmost: A History of Financial Speculation
Chancellor chronicles 400 years of bull markets and speculative manias, driven by the speculative spirit, which "loves freedom, detests cant, and abhors restrictions. ... Although profoundly secular, speculation is not simply about greed. The essence of speculation remains a Utopian yearning for freedom and equality which counterbalances the drab rationalistic materialism of the modern economic system with its inevitable inequalities of wealth."
Stanyer, Peter, and Dimson, Elroy. 2006. Guide to Investment Strategy
This book emphasizes a diversified portfolio to avoid disastrous financial results, which the authors feel are more likely than most people realize.
Swedroe, Larry. 2005. The Only Guide to a Winning Investment Strategy You'll Ever Need (Rev. Ed.)
This revised edition of an investment classic contains a new chapter comparing index funds, ETFs, and passive asset class funds, plus an expanded section on caring for and maintaining your portfolio. Also covered are the five factors that determine expected returns of a balanced equity and fixed income portfolio; important facts about volatility, return, and risk; and six steps to building a diversified portfolio.
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