Best products from r/PersonalFinanceNZ
We found 9 comments on r/PersonalFinanceNZ discussing the most recommended products. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 9 products and ranked them based on the amount of positive reactions they received. Here are the top 20.
1. The Day the Bubble Burst: A Social History of the Wall Street Crash of 1929
2. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)
- Random House Trade
Features:
3. The Index Card: Why Personal Finance Doesn't Have to Be Complicated
Portfolio
4. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018
- Penguin Books
Features:
5. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
The Little Book of Common Sense Investing The Only Way to Guarantee Your Fair Share of Stock Market Returns
6. The Simple Path to Wealth: Your road map to financial independence and a rich, free life
- Harriman House
Features:
7. Why Smart People Do Stupid Things with Money: Overcoming Financial Dysfunction
- Used Book in Good Condition
Features:
Magnificent post.
I've one more book suggestion - "The Day the Bubble Burst" - Gordon Thomas and Max Morgan-Witts. This really gets into the larger-than-life personalities involved and is a fantastic piece of social history. Yes it's a little old, (but not as old as Mackay), but it's a great read nevertheless.
Further to your quality comment...
> Basically, active management sometimes wins, sometimes loses.
People who flip coins sometimes win multiple times in a row, to hold them up as oracles is to be fooled by randomness.
From a local viewpoint, Martin Hawes's books I find pretty solid. Very much a get rich slow approach that gels with my money personality though.
The Millionaire Next Door is quite America-centric with some of their specific advice, but it's a good one to read to get into the FIRE headspace
The Index Card I would also recommend
Absolutely you should invest and pay your student loan off as slowly as possible (provided you don't leave the country for an extended period of time).
The only time which this isn't the case is if your student loan debt is really keeping you up at night. If that's the case it might be better for your psyche to pay it off quicker. Doesn't seem like the case for you.
I second I Will Teach you to be rich. Ramit puts out a ton of great (free) content, and was a big reason why I started my own website that aims to teach young kiwi's how to invest.
I would also read / listen to the little book of common sense investing. https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/0470102101
This has basically all you need to know about why low cost index-funds/etfs are really the only way for the average investor to go.
Thanks, this is interesting.
Not for a newbie but if you feel like being challenged on a few of your fundamental assumptions try Why Smart People Do Stupid Things with Money.
I'd read this book and make sure you fully understand it:
https://www.amazon.com/Black-Scholes-Beyond-Option-Pricing-Models/dp/0786310251