It is very important to invest in your life as soon as possible. Especially young people are trying to be successful by investing as soon as possible. Similarly, adults and professionals need to invest in an area for quick extra income. As for the stock market, anyone can get a high return by investing quickly and holding on for a long time. Even if you can start investing quickly in a few years, you can deposit tens of thousands of rupees in your retirement fund.
But, as important as it is to invest quickly, it is even more important to invest wisely. Without the right knowledge, starting a quick investment is like pouring water on sand. So, how to make the right investment? The answer is simple: study. It is very important to study the books of successful investors for proper investment. Therefore, this time we are going to have a general discussion about the 5 best books to teach young investors how to do business and financial guidance.
Rich Dad Poor Dad (1970): Robert Kiyosaki
One of the most popular books for young investors is Rich Dad Poor Dad. In this book, author Robert Kiyosaki expresses the idea that the poor and the middle-class work only for money but the rich work for learning. The author emphasizes the importance of financial literacy and financial autonomy as the ultimate goal of abandoning the rat race of corporate America. Although it is important to learn to account, the author points out that it can be misleading.
For example, the bank considers the house as the property of the individual. But since the house needs payment to sustain it, it becomes a liability based on cash flow. But real estate will flow cash into your wallet. This issue is focused on the fact that many people build their houses with a loan from a bank. Kiyosaki has advocated for higher returns on assets by producing cash flow.
Real estate investment and dividend-paying shares are considered favorable for such investments. He says the US education system is designed to teach people to work hard for a lifetime. He believes that the school has not been able to provide education in such a way that it is not necessary to earn ample wealth and do miserable work in the future. Kiyosaki has also highlighted the importance of tax planning in his book. The general investor can expect to learn a lot from this book about investing and connecting assets.
‘The Essay of Warren Buffett: Lessons for Corporate America 1991’, Warren Buffett
Buffett, known as one of the most successful investors in modern history, has written in his essays on a wide range of issues related to corporate America and shareholders. From this book, young investors can get a glimpse of the relationship between the management of the company and its shareholders. Also included are thought processes needed to enhance the company’s business value and importance.
The Essay of Warren Buffett’s book is including in the Top 5 Must-Read Books for Investors. In the book, Buffett discusses corporate governance, finance, investment, common stock options, mergers, and acquisitions.
Similarly, accounting and valuation, accounting policy, and tax issues are also included. Buffett outlines the basics of his business. As the manager of Berkshire Hathaway, he has also informed his shareholders about mutual interests.
He has been bringing in skilled managers to portfolio companies and leaving them free to work. You should buy shares when the price is lower than the actual price. But Buffett has argued that short-term trends should not always be followed. He emphasized on value investing. He has also advocated for long-term investments.
Beating the Street 919930: Peter Lynch
The Beating the Street 919930 book is including in the Top 5 Must-Read Books for Investors. Peter Lynch is one of the most successful investors of the last century. Hedge funds are also managers. He started working as a trainee in Fidelity Investments in the mid-1960s. Eleven years later, he was given the responsibility of managing the लान 18 million Megan Fund. By 1990, the assets of the Megalan Fund had grown to nearly अर्ब 14 billion. At present, the fund is giving an average annual return of 29.2 percent.
‘Beating the Street’ allows readers to explore Lynch’s mind and decide the right time to buy and sell shares. The market has encouraged individual investors to invest in areas they know, believing they can benefit more than Wall Street. It is understood that this book also guided the proper investment method.
The Intelligent Investors (1949): Benjamin Graham
The Intelligent Investors book is including in the Top 5 Must-Read Books for Investors. This book was published in 1949. It is one of the most popular books among investors. Well-known investor Warren Buffett considers it to be perhaps the best investment book ever written. Benjamin Graham has considered the father of value investing. Accordingly, he has been emphasizing that the shares being traded below the actual price should be identified and bought through fundamental analysis.
Graham, through his book, introduces the stock market history and suggests a basic analysis. He also discusses various ways to manage his portfolio, both positively and defensively. In short, this book teaches you to invest in the right way at the right time.
Think and Grow Rich (1937): Napoleon Hill
Think and Grow Rich is a book written during the Great Depression. The book has sold over 100 million copies worldwide so far. Hill has done extensive research in his lifetime based on collaborations with wealthy individuals. At the suggestion of Andre Carniz, Hill presents the findings based on his observations and research. He has published 13 principles for successful and personal achievement.
These include will, faith, specialized knowledge, organized planning, perseverance, and the sixth sense. Hill believes in working with like-minded people. This is one of the must-read books to gain valuable insights into the psychology of success at a time when only negative news and entertainment content is a priority.
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