Quote:
Originally Posted by Muta
I have an IG financial planner, but I haven't really used him in a long time. My plan has been since I stopped consistently using him to furiously pay off my (declining) debt, and then get more serious about investing. That should happen this year.
I guess I would be a hybrid. I know that financial planning isn't my forte, as I do have a planner and I know the world of good they can do (I would recommend a financial planner to anyone that doesn't have one, they turned my rents finances around when they were young too). I want to do some investing, and would normally allow my planner to do it, but I'd like to start learning some of this myself in the hopes that I can go off and do some of my own investing in the future. I have a business degree, but really only took one finance course (sometimes I'm embarassed by this fact). That course taught me about Canadian finance, but not to the level of detail and understanding I can now focus on now that I'm done my schooling. I know what it takes to make a proper budget and to save more than you spend (and that a planner helps in this regard), but now I want to take the more complex next step.
I would love to know the books that you would recommend, Money Guy. Weirdly enough, I'm kind of casually reading a book from the 90's called Rich Dad Poor Dad. Not really about investing and terminology per se, as it is about money management.
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If you want to focus on single securities you should start with the "bible": "The Intelligent Investor" by Benjamin Graham. If you select the latest edition it has updated chapters by Jason Zweig with more recent examples of the principles that Graham espouses. Jason Zweig writes for Money magazine and has a very interesting (although maybe not entirely topical book out as well on Neuroeconomics).
In any event, once you do some reading and research of your own, I would be extremely interested to hear/see what you think of the IG Financial Planner.