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Pathfinder: Preparing to Invest
Preparing to Invest
People save and invest to have enough money at some point in the future to pay for the things they want or need. While you might hear the two terms used interchangeably, saving and investing are overlapping yet distinct concepts that involve different processes. Stated most simply, saving is the act of putting aside for another day some of the money you earn or receive as gifts, while investing is the act of choosing products and strategies to make that money grow.
The following resources are all available free online or through SELCO libraries. Ask your local librarian if you have further research needs.
Subject Headings in the SELCO Catalog:
• Finance, Personal
• Investments
• Saving and investment
Books
Bamford, Jane. Street Wise: A Guide for Teen Investors. New York: Bloomberg, 2000.
• Chambers, Larry & Dale Rogers. The First Time Investor: How to Start Safe, Invest Smart and Sleep Well. New York: McGraw Hill, 2004.
Das, Satyahit ed. Risk Management and Financial Derivatives: A Guide to the Mathematics. New York: McGraw Hill, 1998.
Fisher, Sarah Young and Susan Shelly. The Complete Idiots Guide to Personal Finance in Your 20s or 30s. New York: Alpha Books, 2005.
Garner, Robert. Ernst & Young's financial planning essentials. New York: John Wiley & Sons, 1999.
• Gup, Benton, E. The Basics of Investing. New York: Wiley, 1986.
• Kurson, Ken. The Green Magazine Guide to Personal Finance: A No BS Money Book for Your Twenties & Thirties. New York: Doubleday, 1998.
Lowell, James. Investing From Scratch: A Handbook for the Young Investor. New York: Penguin, 2007.
Lynch, Peter and John Rothchild. Learn to Earn: A Beginner's Guide to the Basics of Investing and Business. New York: Fireside, 1995.
Robinson, Marc. Investing Basics. New York: Dorling Kindersley, 2000.
• Sloane, Leonard. The New York Times Personal Finance Handbook. New York: Times Books, 1995.
Videos
• The Motley Fool Money-Making, Life-Changing Special. South Burlington, VT: WGBH Boston Video, 2001.
Websites
All Smart Investing links are available at http://www.delicious.com/smartinvesting
