Like most of you I had no idea what I was doing when it came to, well, pretty much everything regarding retirement planning and investing. I didn't know anything about the different IRAs available let alone their different tax benefits, mutuals fund/ETFs, what is an acceptable emergency fund, or when to purchase stocks, mutual funds, ETFs, index, or bonds. Did you know when you are investing for retirement you WANT the stock market to DECREASE? I didn't either. Things like this are all within this book. It will provide you with a lot of information and tips which will help you start to build your portfolio.
The Ten Rules for Financial Success Malkiel covers in the book are:
Whatever you decide to do I highly recommend this book. It will help build a strong foundational knowledge of investing. Hopefully by reading this book you will have the confidence to start your portfolio, if you haven't already. If you have started your portfolio, I still recommend the book because no one knows everything about investing. Remember knowledge is power.
If you already have a portfolio, what are some of your "go-to" cash, stocks, bonds, or real-estate investments? For me, I really like ETFs (Exchange-Traded-Funds). I prefer these because it gives you the benefits of mutual-funds diversification, but the liquidity of stocks.
Malkiel, B. G. (2003). The Random Walking Guide to Investing. New York: W. W. Norton & Company.