Investment is an art only few can excel in it.
Investment is not a piece of cake neither an academic qualification, but with the right direction and focus, everybody can acquire this knowledge. What can be a better way to do this rather than reading a bunch of books? Books are the best tutor anyone can ever ask. It is revolutionary.
Here is a list of books that will help you invest in a better way.
Rich Dad Poor Dad is a book by Robert Kiyosaki. In this, the author puts forward the attitude of people about money and financial freedom. It is one of the most popular books published in 1997 about personal finance. This book revolves around Robert’s poor dad. For him, the best way to earn money is by landing a job with a high salary and job security. But on the other hand, rich dad’s concept of wealth revolved around buying assets that will bring more money in the future. Robert explains that to acquire more wealth, invest in assets than liabilities.
Learn to Earn is a book by Peter Lynch, also known as the world’s best performing mutual fund manager. As the title suggests, the author recommends that no particular age or time to start investing is there. The earlier you start, the better return you can expect. This book inspires young investors to invest in stocks or mutual funds and not bonds because the return on investment is better for the long term. Peter focuses on investment via mutual funds and systematic investment plan (SIP) in this book. The one-line lesson given in this book is that time makes money.
The Dhando Investor by Mohnish Pabrai is one of the best books on the stock market for beginners. It explains the way of doing business and how to identify low risk in it. The takeaway from the Dhando Investor is to control the cost of operations, judge high competitive business advantages and buy an asset at huge discounts. This book gives you an idea about gaining wealth from minimum investments.
The Intelligent Investor, written by Benjamin Graham, was published in 1949. This book is a beginner’s guide to stock markets and how to make money without taking huge risks. In the Intelligent Investor, Benjamin explained the strategy to invest intellectually. According to the author, it is a wise decision to buy stocks at undervalued market price.
Bulls, Bears and Other Beasts is a book written by Santosh Nair. It is helpful for investment in the Indian market. In this book, Santosh writes about the history of India’s Stock market after liberalisation. Bulls, bears and other beast cover different events that affected the financial health of our country.
No one got rich without investing in any assets or funds. The only way to earn financial freedom is an investment, and the mentioned books will guide you in your journey.
