NEW YORK (MainStreet) — Most books that purport to tell you how to be a smarter investor make the author a little richer and set you back $29.95 - with little to show for it.
If you're willing to put in the time for some reading, consider focusing on these important areas of financial literacy:
- How to assess value
- How to avoid fraud
- How to understand the thinking of people who sell financial products.
Here are my six top picks and who should read them:
If you're over 55, wealthy, and financially literate:
Outsmarting the Scam Artists: How to Protect Yourself From the Most Clever Cons, John Wiley & Sons, 2012
Author Doug Shadel says the typical victim of a financial scam is a wealthy man over 55 who does well on a financial literacy test. Read this book to find out why you're so vulnerable.