Some family members are inheriting some stocks from a deceased uncle. Some of them have never had any investments before.
Uncle didn’t leave enough for them to retire and live on it, but I want to encourage them all to have something put aside for the future, and to get into a regular program of adding to it even if it’s only pennies a month.
So what is a good readable short book on: What is a broker?; Does a broker give advice?; Stocks vs Bonds vs Real Estate vs Insurance vs Funds (balanced funds, aggressive ones, conservative ones, foreign ones, index ones, etc); REITs, and why are they considered potentially dubious; tax considerations (for those with income of $21,000 a year, should they go for the tax-free, and why not); Effects of gov’t fiscal policy; Effects of inflation; How about using it for a down payment on a house; etc.
And: Scams to watch for; How to tell when a class or seminar might be a sales pitch; What not to do.
And for those who have mastered the elementary concepts, what’s a good secondary book that might advance their understanding.