Top 5 Books on Investment
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Investment simply means putting money at a particular place or fund to earn profits in return. But this simple word becomes complex when it comes to making the right investment. People earn huge from investments but many also lose money. Making the ‘Right Investment’ isn’t an easy thing. So today we will take a brief look at 5 books that can give you knowledge regarding investments and build your financial muscles to be a pro at this skill.
Let’s get started and simplify your financial life!
One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
Peter Lynch is widely considered one of the best investors in the world. He used to work as the manager of the Magellan Fund in the 1980s and earned huge amounts through investments. In this book, Peter Lynch goes on to explain a detailed view of the stock market. He goes on to explain how a person with no knowledge about investment can learn it and earn huge in the stock market. He also explains tips and tricks on which stocks to buy and also how simple things affect the stock market. Investors consider this book very knowledgeable regarding the stock market.
The Intelligent Investor: The Classic Text on Value Investing
This book was written by Benjamin Graham who was one of the most renowned
practical investors. He is also said to be the teacher of Warren Buffet, the legendary investor. Graham started at a very low position at an office in Wall Street and then went on to successfully fully start his own company and become rich. Graham in this book mentions the basic strategies to reduce the risk factor and earn profits in investment. He also explains various strategies to invest wisely depending upon the investor you are. It has been 70 years but this book still is one of the best when it comes to learning to invest.
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Making to the list is the top-selling finance book of all time. Rich Dad Poor Dad is a book written on finance by Robert Kiyosaki. Robert is an entrepreneur and conducts seminars too regarding financial literacy. He struggled a lot in his career until he became rich and successful later on in his life. The book talks about Two Dads, one who is poor and one who is rich. It also explores various ways rich people stay rich and how to make money work for you. It also provides one with good financial knowledge. This book is a must-read for anyone who wants to become rich, be it from investment or any other way.
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The author of this book is Morgan Housel, he had been a columnist at The Motley Fool and also The Wall Street Journal. Currently, he’s a partner at Collaborative Fund. This book doesn’t directly talk about investment but it talks about various thoughts related to finance and money. He points out how many people think improperly to become wealthy. He explains to us about having optimism while earning. He also tells us the difference between getting money and keeping money. The book also gives examples of different billionaires too and conveys the advantages of compound interest. This book is worth reading considering the insights it provides regarding Money.
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
The book was written by Jack Bogle and published in 2007 (with an updated version published in 2017). He’s said to be one of the most intelligent investors. In the book, Bogle mentions various tricks about the stock market. One of them which is buying low-cost index funds. He goes on to explain why investing in index funds is good. Jack also supports Long-term investment and says that they are generally more profitable in the long run. This book also takes a realistic approach to investment and companies. New investors should read this.
All the books mentioned in the list are excellent when it comes to giving knowledge about investment and money, especially to a person who is just getting started. One can read them in any order and also explore more books because one can never have enough knowledge especially when it comes to Finance.