Many, if not most, books I've read on investing say that stocks are the rocket ride to riches. But even if it is true in the long run, which I'm not sure about, it seems to me that it takes hard work and an iron stomach to handle that roller-coaster ride. Especially now, when disaster bells are clanging all over the world.
For people who like reasonable financial security without having to worry too much about it, there's a book which our long time reader Timo recommended me a few years ago: Fail Safe Investing by Harry Browne. It has a simple philosophy of four kinds of investments which balance each other out: They will never all go down simultaneously.
And here's an article which shows how that golden advice is more relevant now than ever.
Update: Jan said:
Thank you! I love Harry Browne's investing ideas.
It's designed to preserving your money during troubling times and so far has done admirably well.
Update: here's an interesting article from a favorite site: Lemmings. (This site can be trusted.)