@jinga nation Out of the list you sent, I did read these ones:
The Little Book of Common Sense Investing
All About Asset Allocation
The Only Investment Guide You'll Ever Need
Common Stocks and Uncommon Profits
The Intelligent Investor
One Up on Wall Street
A Random Walk Down Wall Street
Irrational Exuberance
Stocks for the Long Run
The Four Pillars of Investing
The Intelligent Asset Allocator
The Bond Bible
Protecting Your Wealth in Good Times and Bad
The ETF Book
All About Index Funds
The Permanent Portfolio
The Only Guide to a Winning Bond Strategy You'll Ever Need
Unconventional Success: A Fundamental Approach to Personal Investment
Rational Investing in Irrational Times
Common Sense Investing: Ten Simple Rules to Finance Your Dreams
The Little Book of Safe Money: How to Conquer Killer Markets, Con Artists, and Yourself
Predictably Irrational: The Hidden Forces That Shape Our Decisions - Dan Ariely
Against the Gods: The Remarkable Story of Risk
The Black Swan
Fooled By Randomness
I also read:
Memoirs of extraordinary delusions and the madness of crowds
The Bond Book
Value Averaging
The little book of big dividends
The little book of behavioral finance
A practioner's guide to asset allocation
Global investing
The CFA curriculum for levels 1, 2 and 3 (about 1500 pages/level of fun (not) portfolio investment information and theories).
As well as several real estate investing books and other classics like the magic of thinking big, rich dad poor dad, getting things done, deep work, etc
One of my favorites is Memoirs of extraordinary delusions and the madness of crowds, Taleb's books, as well as William Bernstein's books. :)
@celerystalks The goal was not to come out as condescending, or to appear as a figure of authority, just so that people know where I come from/background.. I may have missed the mark there :') I was 15 I think when the last crisis happened, so the meager $5K salary/yr did not leave anything to invest after booze expenses..
The problem in recommending 100% US total stock market index ETF to a novice investor, without clearly knowing if that person will not mind a 50% hit to their net worth at some point.. Anytime someone asks if 100% equity is a fine strategy, I counter with this question. I have yet to see someone say "no problem I won't mind".
Having some bonds provides the opportunity to rebalance during a market downturn, and provides mental stability. As well, if you have a risky job and 100% of your savings are in equity, losing your job in a market downturn and having to draw on depleted equity savings may crush you financially and mentally, leaving you with fear of ever investing again in the market. Many of my bosses were like this, with all their savings in Deposit Certificates yielding 1% as they had been almost whiped out in the last market downturn.
I think the best advice to give to a novice investor is to stick with a mix of stocks/bonds they will feel comfortable holding for a very long time no matter what happens in the market. I really doubt many people can go 100% equity (I wouldn't), especially a novice.