Thread: Economics Investments & Personal Finance
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Old 01-25-2013, 09:03 AM   #24
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Originally Posted by Amnorix View Post
The consumer has no input over what goes into the basket, it's managed by the mutual fund manager.

You can, of course, directly buy/sell specific stocks. I typically avoid that myself, as I have neither the time nor the skill.

Index funds are generally the better way to go.

There are a hundred million books on these topics, but one very good one that lays out a simple, straight-forward intelligent plan is this one, written by a Wharton professor, which is now on its 12th edition or whatever. It's sort of "timeless" advice for effective investing.


http://www.amazon.com/Random-Walk-Do.../dp/0393330338
I bought that (used!) recently, along with The Elements of Investing, co-authored by the writer of "Random Walk" -- it's all directed towards newbies like myself who went to school for history and have no business acumen.
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