It is only in the past few years that I have had any interest in personal investing. Like most of my friends, I was in so much debt between student loans, taxes, mortgage, car payments, and running my own business that there was no money left to invest! After going through a personal Chapter 7 bankruptcy, selling the house and business, sticking with our offshore jobs so we have few expenses, we are finally seeing some light at the end of the tunnel.
My parents were never great with money, so I did not grow up learning how to save or what investments were safe and reliable. And most books on the subject just confused me. All I need is a simple layout of basic investments, how they work, what the tax implications are, and how to combine them into a solid portfolio that is safe.
So picking up Personal Investing: The Missing Manual® was like a breath of fresh air. As usual for this series there is a lot of useful information packed into less than 250 pages. There are charts, graphs, explanations, definitions, and lots of web links to more information online. Nothing crazy here, just clear explanations of stocks, bonds, funds, and REITs (Real Estate Investment Trusts) with the tax implications of each and a good plan for how to build your portfolio with minimal risk and maximal gain. There are no get rich quick schemes here, just solid information that will take you steadily into retirement.