Seeking Higher Income and Knowledge
A December 2012 WSJ poll shows what its readers invest in for income, beyond conservative bonds: dividend-paying stocks (47%), high-yield bonds (19%), REITs (15%), energy MLPs (12%), and emerging markets bond funds (7%). A separate December 2012 survey by the WSJ asked financial advisors, mutual fund experts, and academics what they felt were the best books about investment basics:
[1] A Random Walk Down Wall Street by Burton Malkeil
[2] The Investor’s Manifesto by William Bernstein
[3] Unconventional Success by David Swensen
[4] The Little Book of Common Sense Investing by John Bogle
[5] The Intelligent Investor by Benjamin Graham
[6] Warren Buffet’s annual letters (free at BerkshireHathaway.com)
[7] The Investment Answer by Daniel Goldie and Gordon Murray
[8] Winning the Loser’s Game by Charles Ellis
[9] Risk Less and Prosper by Zvi Bodie and Rachelle Taqqu