Top tip for investing? Read, says Ethan Braid, a founder of HighPass Asset Management, a fee-only investment advisory firm in Denver. If Bill Gates can read 50 books a year, you can read six, he says.
Braid recommends several titles: “The Most Important Thing” by Howard Marks; “Stocks for the Long Run” by Jeremy Siegel; and “The Warren Buffett Way” by Robert G. Hagstrom.
Reading gives you a good foundation, a process to think about retirement and a way to view the world of investing, Braid says. “If a layperson could just accomplish 10 percent of what a Bill Gates does, you could really make a difference in your life,” he explains.