In general, when you talk about investment, then people will tell you about investment books. They will tell you about all the famous book names. Just like “Intelligent investor” or “Security analysis”. These are good but not of any use to a new investor. Even professional investors keep on reading this book many times.
When we talk about investment, people do not leave the stock market behind. A few cases apart from this, for many years this is the only asset that has been given to people by making a lot of money. Yes, it is a little different when it comes to India, where all the new investors get added in every bull run. In the current market boom, many new investors have come. Somewhere all the questions have been taken in their mind. For answers to these questions, they watch videos somewhere and read many blogs. But they did not get a clear picture of investment till now.
I had some kind of question in my mind when I started my career in the stock market. It cleared when I read these books. These Books Will Teach You 3 Things That Will Help You In Investing. And these 3 things you need to know before investing in any assets.
- Clear Mindset
- Strategy
- Process
To understand everything above points better, I will name a book and I will tell you what you will learn from this book.
1 . Clear mindset for investing
A clear mindset is needed to move ahead in anything. And that’s what shows you the right way to get information, And when you have the right information, you are better than others. And in investment, you have to be better than others. To understand all this and to keep your mindset on the right track, Rich Dad Poor Dad Book is the best one.
I had some kind of question in my mind when I started my career in the stock market. It cleared when I read these books. These Books Will Teach You 3 Things That Will Help You In Investing. And these 3 things you need to know before investing in any assets.
In this book, you will know what exactly investment is! and how to look at it? How does it work? People think that everyone knows this well. After reading this book you will understand how wrong you were. How Rich People Think Differently Than Common People. The best part of this book which I personally most like is the way when the author explained money. Trust me this book will give a new direction to your investment mindset.
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Investment Strategy
We have an investment mindset now after reading the above book. Now time for a plan and execution strategy. Found the best simple and economical strategy after reading many books. The best thing about this book is that it is easy to understand for all types of people. An NRI has written this book. Whatever character he has written in this book, most of those people are from India. You will be able to blend the content of this book with reality. Which will give you confidence in the strategy.
The Dhandho Investor, (Manish Pabrai). The strategy used by the author is very effective and easy to implement. In one sentence the “Low risk and high return” formula. After reading this book, you will not look back. There will be no need to get anyone’s advice before investing.
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Process
Now after reading the above two books, we got a clear mindset and another one is a strategy to invest in. Not the time for implementing both ideas. Now we need a book whose authors will have real profits in other stock markets. And have also shared his investment experience. Where we also get information about the ups and downs of the history of the stock market. That author is very famous in his industry, but new investors do not know his name and fame. The name of the book is Once Upon Wall Street, The author’s name is Peter Lynch. I am a huge fan of his.
A good part of this book is that in every chapter you will get to go to all the events that have happened. And in that fall, which industries did such performances and which ones did not, they would also get to know. It makes your prediction better, along it gives you confidence in the market. One more thing that I like very much in this book is when the author explains the types of shares in the stock market. What are the types of stock as per Peter Lynch? How much risk and how much profit is there in each type. This book will not only teach you how to pick good stocks, but it will also tell you how you can invest money in the market without worrying.