Recommended Resources

Books about investing

Intelligent Investor – Benjamin Graham

This book was written by the father of “value investing”, and the mentor of Warren Buffett, who is widely accepted to be the world’s most successful investor.

It was originally published in 1948, but Ben Graham updated it periodically over the years, and it stands as true today as it ever has.

Beating the Street – Peter Lynch

Published in 1994, this is arguably showing its age more than Intelligent Investor. Either way, valuable reading from one of the best managers of money in the past few decades.

Smarter Investing – Tim Hale

The ultimate counterpoint to attempting to “beat the markets” – after spending 15 years working in active fund management, Tim Hale concluded that the best outcomes for most investors in most situations would be a simple portfolio of “passive” investments (that is, funds which attempt to track a market, rather than outperform it). This style is favoured by the likes of Monevator, and many of the subscribers here.

The Financial Times guide to investing – Glen Arnold

A great starter guide, going from the very basics (why businesses need shareholders) to more in-depth explanations of different types of investment, and step-by-step guides on how to execute trades.

Personal finance books

The Richest Man in Babylon – George S Clayson

First written in 1926 (original version linked as PDF), with various re-issues and updates available in print form. Very sound basic financial advice written as compelling parables from the age of Babylon. Accessible and a must-read as a starting point, particular for people with less financial experience.

The Meaningful Money Handbook – Pete Matthews

Straightforward approach to budgeting, planning, saving and investing from the host of the Meaningful Money podcast.

Money Diet – Martin Lewis

Consumer champion Martin Lewis’s first book, and a must-read, although a lot of the information is also on the moneysavingexpert.com website.

Financial Wellbeing Book – Chris Budd

A book focused more on the why than the how (although it does deal with the how as well). A very much worthwhile read about longer-term planning and deciding what is important to you.

Online Reading

Every 25-Year-Old Should See This Chart

Here’s The Difference Between Someone Who Starts Saving At 25 Vs. Someone Who Starts At 35

The extraordinary power of compound interest

The proof that active managers can’t beat the market

Berkshire Hathaway’s annual shareholder letters – Warren Buffett

A series of essays over the years from the world’s most successful investor. Makes interesting reading! Notably, the 2014 letter has the following to say about how most people should invest:

The typical investor doesn’t need this skill. In aggregate, American business has done wonderfully over time and will continue to do so (though, most assuredly, in unpredictable fits and starts). In the 20th century, the Dow Jones industrial index advanced from 66 to 11,497, paying a rising stream of dividends to boot. The 21st century will witness further gains, almost certain to be substantial. The goal of the nonprofessional should not be to pick winners — neither he nor his “helpers” can do that — but should rather be to own a cross section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal.

2014 letter to shareholders by Warren Buffett

Video Series

How to Win the Loser’s Game – by sensibleinvesting.tv

Investing demystified – by Lars Kroijer

Ben Felix – Candian focused financial advisor, but a lot is very relevant to UK investors too

PensionCraft

Podcasts

Meaningful Money

BBC Moneybox

FT Money Show

BBC Radio 5 Live – Ask Martin Lewis

Miscellaneous resources recommended by UKPFers

Money Saving Expert

Monevator – list of low cost brokers

BogleHeads UK Investing Wiki