Spotlight on Library Resources: Investing

Personal Investing cover

Personal Investing: the Missing Manual [electronic resource] by Bonnie Biafore; Carol Fabbri; Amy E. Buttell

Published by O’Reilly as a part of the Missing Manual series, Personal Investing: the Missing Manual provides step-by-step guidance on preparing to invest, choosing and buying investments, and managing investments in easily understandable, engaging, language mixed with a small dose of humor. The introduction aptly points out the investment is a necessary step in one’s personal financial journey, not a choice. It is impossible to accumulate sufficient funds for costly life events such as retirement, education, and vacations with social security and savings accounts alone, given how rates of interest compare with the rate of inflation.

Part 1 of Personal Investing: the Missing Manual focuses on setting your investment goals and cleaning up your finances so you can be better prepared to invest. Part 2 explains how investments work, including funds, stocks, bonds, real estate and investment trusts (REITs), and ends with a discussion of managing a portfolio. Part 3, on investing for retirement, education for children, and health care, may seem less relevant to college students at this point in their lives. However, it is never too early for college students to begin planning for the future as they prepare to graduate and enter the workforce. This ebook is essential for anyone with a new career or unfamiliar with key investing concepts and advice.

Note: This ebook can only be accessed on campus or off campus with your University of Illinois at Urbana-Champaign NetID. If you do not have access to this ebook, please request a print copy through your local public library.

Written by Heidi Johnson, University of Illinois Library

Spotlight on Library Resources

In seeking to improve your financial knowledge, don’t forget about the University of Illinois Library’s resources. Subject experts and print and e-resources can aid your understanding and help you make more informed decisions when it comes to your personal finances.

The Library has many ebooks and books in print that can provide guidance on borrowing, earning, protecting, saving & investing, and spending. Watch for more “Spotlight on Library Resources” posts, in which we’ll feature a particular e-resource that falls into one of these categories.

Be sure to visit the Library’s resource guide, or LibGuide, on financial literacy. It has useful web tools, introductory and reference resources on personal finance, and sources by specific subject area.

Search or browse BIS (Business Information Services) Fast Answers if you want to find finance articles, or need clarification about types of investments, for example. There is a Finance category for these Frequently Asked Questions.

Finally, don’t forget about the BIS Subject Specialists, librarians who have subject expertise in personal finance, if you are struggling with a particular question

Written by Heidi Johnson, University of Illinois Library

Where can I get a copy of my credit report?

There are several companies that say they provide free credit report services. However, very few actually do, or there’s always a catch–aka a fee–attached to it. Fortunately, AnnualCreditReport.com is the only website that allows you to access your credit reports from all three credit reporting bureaus for free once a year.

Checking your credit report is a great way to review your credit history and ensure that your identity hasn’t been compromised. Go to AnnualCreditReport.com to get a free copy of your credit report now!

Written by Alex Ziskind, University of Illinois USFSCO Student Money Management Center

Get $avvy Recorded Webinars

Every semester the USFSCO Student Money Management Center and University of Illinois Extension holds a series of webinars covering various money-related topics. If you missed our webinars, don’t worry! We’ve recorded them all so you can view them any time! Our 2013/2014 series, “Get $avvy – Grow Your Green $tuff” tackled everything from credit and debt to making the most of job benefits.

Each topic is aimed to inform, educate and empower! Take a look at our recorded webinars today.

Written by Alex Ziskind, University of Illinois USFSCO Student Money Management Center

iGrad

Personal finance is a more complicated topic than many realize. A recent study noted that most people in the world cannot answer three simple personal finance questions correctly. It also has become necessary to educate ourselves on personal finance on a continual basis due to the new tools and technology introduced in financial markets every day.

Fortunately, the University of Illinois has partnered with iGrad to provide a resource for you to expand your knowledge of financial topics. iGrad is an online financial literacy platform with a nine-module financial literacy course covering the following topics:

  • Financial Health
  • Smart Spending
  • Student Loans
  • Banking
  • Credit Cards
  • Credit Reports
  • Identity Theft
  • Your Paycheck
  • Investing

In addition to having a robust financial literacy course, iGrad contains hundreds of articles, infographics, resources, tools and videos to help you make a variety of financial decisions. Use your Illinois NetID and Enterprise password to get started.

iGrad link opens in new window/tab

Written by Andrea Pellegrini, University of Illinois USFSCO Student Money Management Center