The best
Money & Monetary Policy eBooks:
Reddit reviews
From 3.5 billion Reddit comments
The best of Money & Monetary Policy eBooks by number of unique Reddit comments:
Top Reddit reviews mentioning Money & Monetary Policy eBooks:
As far as I can the the pic is parody but then of course some enterprising individual went and published an ebook with a very similar cover and title
https://www.amazon.com/Dogecoin-Standard-Case-Against-Currencies-ebook/dp/B091SP6ZTR
You know nothing about me and it shows.
- I do have engineering experience
- I mined BTC with CPU, GPU, FPGA, and now Asics. (Configured them all myself)
- I employ several teams of developers.
- Go read a book on the history of Bitcoin, then send me your apology.
Actually it does explain the ramifications if you read the 50+ included in the fact sheet. Obviously reading anything is far too much work for you. I guess remaining blissfully ignorant is the path you'd like to take.
Your contempt for other human beings is quite obvious. You order being "inevitably" fucked up by the waiter. LOL.
https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy-ebook/dp/B07RM72BT7
Try reading a book for once. You'd be shocked how little you know.
Digital Gold by Nathaniel Popper is an excellent read. It gives a really good history of the first 5-6 years as it came out in 2016. It’s covers the pre-history with projects like HashCash that paved the way for white paper. Then the early days of Satoshi posting on the the bitcoin forum, Hal Finney, the Silk Road, Mount GOX, the Winklevos twins, Wences Casares, Charlie Shrem, Roger Ver. The Bitlicense in New York. All really interesting stuff and key characters that will go down in Bitcoin History.
https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent-ebook/dp/B01D8KFX9Q
Sorry for your daughter's condition. But your post is vague. Is there some long term expense or just say 2-3 years of cancer expenses? This matters a lot since medical bills rise faster than inflation.
Assuming its 2-3 years you want to do a relatively normal long term growth portfolio with most of this money and a small chunk for rapid depletion. For the normal portfolio my recommended first book is: https://smile.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
If on the other hand it is 10-15k from $300k inflation adjusted or more for decades then entirely different situation. That's an income portfolio. Most of the the book above will still apply but some of it won't. Income is harder but income investing theory assumes you already know growth investing.
Have to recommend Money Mischief. https://www.amazon.com/dp/B003WUYQ6Y/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
​
So far its only book I've found that talks about monetary history in way that's suitable for non-academics that's simultaneously not super inaccurate. If you've heard of Friedman before you may think it reads like a libertarian manifesto because its authored by him but its more or less just an intuitive look at the history of money and monetary policy in the US.
I was recommending learning about asset allocation. There are tons of sources but my goto first book recommendation is: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
Interesting - while amazon.com only features the paperback you can buy the Kindle version on the international Amazon sites like amazon.de at roughly half price: https://www.amazon.de/Internet-Money-English-Andreas-Antonopoulos-ebook/dp/B01L9WM0H8
I'd be good to be able to buy it as epub or a similar open format directly from Andreas through openbazaar or directly on his site.
Mastering Bitcoin by Andreas Antonopoulous.
Read it free here: https://github.com/bitcoinbook/bitcoinbook
Amazon Link: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain-ebook/dp/B071K7FCD4
Wow wasn't expecting to see this answer after just reading a chapter from a book titled. Money: The True Story of a Made-Up Thing
In a short abridged version. Before the great depression and but after Jackson destroyed the fed The US allowed private banks to print their own US currency but it had to be backed by US bonds. The system was very convoluted.
None of those wars included a full mobilisation of nearly all males and most females for fighting and war industry. It’s an aberration to even use the same word for these kind of conflicts, they where conceptually entirely different.
And I disagree about your analysis of the cause between the widening wedge between rich and poor. We saw a incredible growth of wealth for simple folks between 1850 and roughly 1960. That’s only possible in a system where you can accumulate wealth, money, to invest.
Since then we have inflation and things go south. It’s not just that things become more expensive. It’s that wages don’t keep up with inflation. It’s that you can’t save up for the future because just sending a kid to college is an impossible investment.
Personally I disagree with our entire economic model since the 1960s basically. The results simply do not convince me. All great periods in our history, classic Greek, Roman, renaissance, industrial revolution, they all happened under systems of sound money. And by the time they failed they had all invariably turned to soft money. It may not be the cause(though I believe it to be), but it’s certainly a symptom.
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central-ebook/dp/B07BPM3GZQ
Explains it much better than I do, especially as I’m not a native English speaker. I recommend to read it, it goes quite in-depth on why it’s important to have sound money and what the consequences are, and historically have been, of not having it. History may not repeat itself, but it rhymes.
I'd get a book on asset allocation. You'll need to decide on what index. Between mainstream providers tracking similar indexes there isn't much difference.
My advice on a first book is: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW/
> Edit: thank you all for the help! Sounds like my best move is to transfer my IRAs from American Funds to Fidelity as they offer similar to Vanguard and I already have a 401k there
Given you already paid the load American isn't terrible. Moving away from American isn't terrible. What is terrible is flapping around aimlessly on whim / impulse.
If you invested in American via an IRA you likely paid a load to get in. Whether the original choice to go with American was the right choice or not you made it and you have sunk cost. I would breath for a second here and think. American is a good fund company. You paid the load I suspect to get access to advice. You are getting ready to switch because you didn't know what you were buying before you got in. Don't repeat that mistake by jumping without knowing what you are going to do Fidelity / Vanguard.
Don't do anything this month. Go out and buy a book on asset allocation. My general recommendation is: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW . From there get a target allocation.
Next decide on vehicles. Because you are in classic loaded mutual funds you can read one of the all time best books on vehicles that is unfortunately too dated most of the time but that's a plus for you: https://www.amazon.com/Bogle-Mutual-Funds-Perspectives-Intelligent-ebook/dp/B00X6BJ60K
That will help you assess where you are and where you want to be in terms of asset allocation. Talk to whomever put you in American and check your ideas out with him. Capital Group / American has some very good materials on portfolio construction which assume the basics from those two books.
Finally, if you do decide to move you need something which talks you through more modern vehicles and strategies.
There is no rush. Fidelity and Vanguard will be there in 2023. This time do it right.
There are two main "factors" which boost returns over capitalization weighted indexes: smaller stocks and value stocks. Generally the smaller the better. Microcaps do even better than smallish which do better than midcaps which do better than largecap stocks. You are absolutely right that this comes at the expense of even greater volatility in many ways a small cap or microcap fund acts a bit like a large cap fund on leverage. I should mention midcaps historically have slightly higher returns with the same volatility as large cap stocks.
While I think Bogle is very good, as he got older he got too extreme in his opinions. The book I generally recommend for people starting out is: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
The rude troll actually has a point. The marginal cost of a digital good is zero, so if the buzz from people stealing your content results in more sales it actually increases your profits. Chris Anderson's Free (https://www.amazon.com/dp/B002DYJR4G/ref=cm_sw_r_cp_apa_glt_PMAF1HMRESQGZH4M8KSH) is a good read on the subject.
Sorry to pop your bubble but yes, very, very much so.
That's one of the preferred books of the bitcoin cult.
Commodities especially energy, real estate, EM bonds, high yield bonds, EMs. Then of course there are all sorts of artificial alternatives.
My standard first book on asset allocation recommendation: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
What you are describing is called glidepathing. Glidepaths are a big negative in terms of returns. The only time it potentially make sense to tolerate a low stock allocation for longer term money is when your risk profile is at its absolute highest level: early in retirement. And even then the need to be additional factors to justify it.
As far as asset allocation if you are scared to invest this $200k pick a balanced asset allocation. Either use a good robo or read a book on asset allocation. ps://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW is my standard recommendation.
I should do a post on 5 sample portfolios. Because yes that question does come up a lot. Since you seem anxious to learn what I'd suggest since you have time: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
Anyway if you just want an answer a good approach is
2/3rds equally split between the 6 Schwab funds: FNDA, FNDB, FNDC, FNDE, FNDF, SCHREX
1/3rd in Goldman funds: GSLC, GSIE, GEM, GSSC (I like IWC more for this), DGS, VSS.
A good book to get you started on asset allocation: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
In terms of TSP completion (the S fund) do a google to "total stock market vs. SP500" the difference is the S fund.
What you should do is not act on impulse this time. You are in a good place to decide on an asset allocation you believe in. And that means believe in enough that when bad things happen you don't freak. But in all honestly you are unlikely to make that same mistake on the next bear. The book I recommend for learning about asset allocation is https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
Give yourself a few weeks to decide on a real plan. There will always be value.
If you don't want to manage your money then I'd pick a good robo. SIP from Schwab and Wealthfront are both good. Ellevest has some nice features if you are female.
My opinion is it is dreadful. Depending on how you count technology is somewhere between 50-70% of QQQ and over 40% of VOO. So then you throw another 17,5% with ARKK and ARKQ? VBK and XMMO are going to have overlap but at least it is small / midcap. You want a portfolio to diversify risk not concentrate them. You have done a great job concentrating your risks.
I don't see anywhere in your post a justification for diverging from a mainstream portfolio balancing domestic with international, growth with value, spreading risk out aggressively between sectors... I'm not sure whether you don't want to do that or don't know that you should. If it is don't know I'd suggest a book on asset allocation something like: https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW . If it is don't want to then I'd suggest a book about a sector that rose high and declined like say railroad history.
Hi Mr. Gates- I recommend you read The Internet of Money, by visionary Andreas Antonopoulos. I have been devouring blockchain literature for ages now, and this is the best book on blockchain and cryptocurrency that I have come across.
It is a collection of speeches on blockchain technology and how currencies will work in the future, and I think it will change the way you think about crypto and bitcoin. Actually, I think it will blow your mind and you'll do a 180 on crypto. Check out the reviews.
I'm an engineer, a programmer, and a policy wonk and this book satisfies my every craving.
If you put it on your Amazon wishlist I will buy you a copy.
Thanks for joining Carmel! What is your economic policy team's take on "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" by Stephanie Kelton? Do you subscribe to MMT and how would impact your agenda on line items such as funding for health care, education, and other social programs?
If you are just starting off you likely will be investing in ETFs not stocks. Which means your two first choices will be ETF methodology and asset allocation. These also can be the only choices you ever need to make. https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW
Covers that.
I see UBI of $5000 per month, made possible as people realize money is a made-up thing.
> I see firsthand what happens when they try.
So have I. I used to be a junkie. My buddy died of a heroin OD; my brother died by taking horse tranquilizers; my Dad took a pill (he had terminal cancer). The problem is you. Your society was not worth sticking around for. You need to give us an exit from the neoliberal nightmare world you have created.
Exploding pintos were best handled by word-of-mouth and engineers not working under corporate pressure ...