Investing reading group

Over the coming few months, I plan to read three specific books on investing. Below is why, what I hope to accomplish, and an invitation to join me.

Over the last 3-4 years I have been tracking the performance of two retirement accounts Cathy and I inherited as part of her father’s estate. These investments are professionally “managed”. However, as I have tracked them, I have noted that the investments regularly under-perform vs. the DOW (and SP500), which are “unmanaged.” This has always puzzled me as it seems managed investments should do better than unmanaged ones.

Recently, I have started reading on investing and read that the DOW/SP500 beats over 85% of professionally managed funds over the long term.  While it may be normal, it does not seem to be in line with good stewardship.  So, I would like to do something different.

I am starting to read from a variety of authors to determine my strategy moving forward.  I would like to invite others interested to read and discuss these books. I do not see the book “club” as a detailed study but more of an overview. I will assign a book to read, give people a month to read it, and then meet a time or two to discuss each book. We would then go on to the next book the same way.  I would like to get through a few of the books before summer.

Here is my list of books I plan to read:

Investing in One Lesson
Random Walk

I have also been looking at recommendations of David Ramsey in The Total Money Makeover. I do not plan to read it together but may relate his conclusions at the end of our study.

While the focus will be on stocks, we will also look some at bonds and other investment options.

Let me know if you are interested in the group. If you are interested, please get the first book, Random Walk and start reading it. I am going to aim for a Saturday morning discussions, 9-11, at Community Bible Church, on the tentative schedule below. I can be moved to an evening date (maybe the Thursdays just before the dates below) if enough of you prefer. If there is enough interest for both, I might be willing to have discussions both times. Let me know your preference:

  • Feb 26, Random Walk
  • March 26, Investing in One Lesson
  • April 23, Sound Mind Investing, part 1
  • May 21, Sound Mind Investing, part 2

If you are not available for all of them, you are welcome to come to which ever one you wish.

I will put notice of the specific of the reading group (titles, time, date, location) on this blog with any updates if plans should change.

I would appreciate you dropping me a note to let me know if you are planning to come.

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