The 2017 Wealthy Retirement Reading List

Rachel Gearhart By Rachel Gearhart, Managing Editor, The Oxford Club

Market Trends
Retirement Planning

One summer vacation during undergrad, I attempted to read all the books in Oprah’s Book Club.

Severely underestimating the demands of a 40-hour workweek, I barely made a dent. But I can say that, in my off time, I put forth a valiant effort.

The challenge helped keep my mind active. It alleviated boredom and provided me with great talking points going into the new school year.

It ties into why Bond Strategist Steve McDonald often writes about the importance of staying fit in retirement.

Remember, staying fit isn’t about exercising just your body… It’s also about exercising your mind.

To keep your financial focus sharp, the Wealthy Retirement team has compiled 10 titles that fit the ideas and themes we’ve been covering here.

It’s our official summer reading list (complete with links to learn more)…

  • The Richest Man in Babylon by George S. Clason – This quick and easy read teaches wealth building and sound financial decision-making through simple stories of ancient Babylon. This is Marc Lichtenfeld’s favorite “finance” book of all time.
  • Understanding Wall Street by Jeffrey B. Little – This is a terrific book for beginners. It teaches readers the basics – exactly what stocks, bonds and options are, how markets work, etc.
  • Contrarian Investment Strategies by David Dreman – Written by the father of contrarian investing, this book shows investors how, when and why they should go against the crowd.
  • Reminiscences of a Stock Operator by Edwin Lefèvre – Originally published in 1923, it is the marginally fictionalized biography of legendary trader Jesse Livermore. It’s a fascinating look at the ups and downs of Wall Street in the early 20th century. The lessons within the book still hold true today.
  • The New Market Wizards by Jack D. Schwager – This book contains profiles and interviews with some of Wall Street’s most successful traders. They open up about their failures as much as their successes.
  • Technical Analysis of the Financial Markets by John J. Murphy – This is the bible of technical analysis. Anyone who is interested in learning about charts and technical indicators must read this book. Murphy does a great job of simplifying the complex.
  • The Bond Book by Annette Thau – According to Steve, this “is the most understandable bond book I’ve ever read.”
  • The Gone Fishin’ Portfolio by Alexander Green – This best-seller is an easy-to-understand guide to creating a diversified portfolio that outperforms the market. Marc personally uses this strategy along with investing in Perpetual Dividend Raisers.
  • Get Rich With Dividends by Marc Lichtenfeld – It’s quite simply the greatest investing book that will ever exist. (OK, we may be a bit biased…) Get Rich With Dividends introduces Marc’s 10-11-12 System, which he created for The Oxford Income Letter. It explains why investing in Perpetual Dividend Raisers works so well and shows readers how to find their own stocks that match the 10-11-12 System. It’s written for beginners and experienced investors alike.
  • Where in the World Should I Invest? by Karim Rahemtulla – Again, we may be a little biased on this one, but it’s the best emerging markets book we’ve ever read. Karim provides a unique behind-the-scenes look at emerging markets, equipping you with everything you need to safely expand your portfolio overseas.

Our goal with this list – as with all things Wealthy Retirement – is to help you build and protect your nest egg.

Good books like these can help keep your mind active and wealthy. Reading all 10 of the titles on our summer reading list will undoubtedly make you a better investor and conversationalist… not to mention a more carefree retiree.

Stay fit, my friends.

Good investing,

Rachel