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Posted 11 November 2020
It’s no doubt that as an investor, you need to be on top of your game to keep making money. Some people think of stocks when they hear investing, but investing is broader and more profound than stocks. There are many things out there to invest in; stocks are only one of them.
Investing is an appealing way of making money. Yeah, you might be working in a job today, but you hope that one day your investment portfolio will take care of you when you retire. Guess what? Investing is a full-time job for some people. But they know that they have to make the best investment decisions or they will be bankrupt.
We are grateful to some of the best investors who left something behind before they died. Well, there are still great investors out there. You can even learn from them if you will. These people left books behind that you can pick up today at a very fair price and start drawing knowledge.
Some of the books reveal how you can make sure you are always alert to find the next investment opportunity, while others would want you to focus on one type of investment and then branch to something more significant when you make enough money.
These investors know that big things start small. They wrote their books for all types of investors; there’s always something you can learn, no matter if you are a prominent investor or a small investor.
There are things you should know as an investor:
Alright, that everyone is investing in something doesn’t mean it is fit for you. You need to have a plan so that you won’t be moved by all these shiny objects today.
Some “shiny objects” can make money, but you have to make sure that you can afford to lose the money before going after these small wins. I mean, look at Bitcoin, I know people made a lot of money when it hit its peak, but many lost millions of dollars when it crashed.
I’m sorry, if you are not ready to take the hit, then you are indeed not prepared to invest.
Investing isn’t gambling, but it can sometimes feel like it. In gambling, you would want to make quick money, but you should expect to be in it for the long run when you invest.
Yes, as an investor, it could feel a little bad when you see a business you invested almost all the money you had, going under, but you should never give up. Things can change, and that can become a life-changer. Look at Elon Musk, he failed many times, but he never gave up. He kept looking for different ways to afloat.
Having a positive mindset will surely make you a mature investor. An investor shouldn’t flinch when they lose money because when you do, then your health is at stake. The best thing to do is to be happy, whatever happens.
Below is a list of books you can read to get informed so that you can invest smarter:
1. The Book On Rental Property Investing
If you like real estate and would love to invest in rental properties, then wait no further. This excellent book can teach you the dos and don’ts, so you don’t lose money.
Of course, you know that investing needs your %100 attention, and you must make smart moves.
When you read this book, you will see why people love it. With thousands of five-star reviews, the writer Brandon Turner did a good job. He explained step by step what you could do to become a successful real estate investor.
2. The Intelligent Investor
Benjamin Graham is one of the top minds in investing. Although his book is old (Was written in 1949), it's still relevant in today's world. He explained what you should do before investing in stocks, and In detail, he discussed the approach that you can take to be successful in whatever you invest.
Benjamin Graham was very experienced in investing. He worked for the firm of Newburger, Henderson, and Loeb.
3. Making The Most Of Your Money Now
This book is written for everybody, not just for investors. There are still some critical points for investors to take away from this book. Jane Byrant Quinn wrote this book. In the book, she talks about how you can make sure your finances are in order. She rolled out a step-by-step guide to help you as a working person until you retire.
Her books have received excellent reviews, and people say it helps them. You can take advantage of the book because how can you invest if your finances are not in order? It is a reasonably priced book.