In the last century, we only experienced a 10% return in the stock market on average. This makes it even more important for you to have both the knowledge of how to invest as well as what to invest in. It can also help if you grab a nice book on investing so that you know that the financial decisions you make are the correct ones.
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The good thing is that no matter what your investing level is, there is a book that will suit your needs so that you’ll have the best knowledge at your fingertips to recognize undervalued stocks. Below, we have listed six that will educate you on today’s stock market.
1. A Random Walk Down Wall Street
A Random Walk Down Wall Street continues to provide the reader with excellent knowledge while guiding them through a market in a sensible manner. By going over topics ranging from liquid assets to stocks themselves, his view of the stock market is vast. Besides A Random Walk Down Wall Street, you will also enjoy The Random Walk Guide to Investing and From Wall Street to the Great Wall.
2. The Financial Diet
As a bestseller under the Indie category, this book will give a nice start for anyone just starting out with investing and could benefit from good guidance. The investor is shown how to stick with a budget as well as how to handle a financial conversation. Plus, it goes deeper into subjects that are more advanced such as knowing how a home should be properly cared for. Outside of this book, you can find an abundance of fresh content through the author’s YouTube channel and website under the same name.
3. Common Stocks and Uncommon Profits
This investing book is a bounty of knowledge that gives the reader complete details into an investing world comprised of philosophies that have been proven true. Many of them include ways to research a company prior to investing, where to look for companies with growth potential, and performing a method known as the scuttlebutt. With an initial 1958 publication, this investment masterpiece’s 2nd edition gives additional insight from Ken Fisher, the son of the author who also has become well-known throughout the investment world. Common Stocks and Uncommon Profits presents many financial principles that are easily understood.
4. The Psychology of Money
With The Psychology of Money, you get a nice short story collection surrounding both the financial frame of mind and how strategies get figured out. With a good message of how to keep emotions at bay while investing, it also assists the reader with knowledge regarding budgeting and portfolios. Many focal points are also hit on such as ego, emotions, bias, as well as giving superb tools that assist with the decision-making process. Besides being an author, Housel is also a financial journalist with several awards under his belt, actively partners with the Collaborative Fund, and has written for both The Motley Fool and Wall Street Journal.
5. Beating the Street
Beating the Street goes over an important lesson each investor should know and that is the fact that stocks are not always a game of chance. Instead, it reminds you of the importance of research that should go into a company. This way you will have better odds of making profits. In the book, the reader will learn how the theory gets applied with mutual fund investing, which shares more in-depth knowledge surrounding successful strategies. What is good to know about this book’s author is the fact that their financial expertise spans over ten years as a fund manager for Fidelity Magellan.
6. Bad Blood
If you’ve made a career within the financial technology field, then getting your hands on Bad Blood will open your eyes to the financial ruin of Theranos. What made Theranos so unique was the way they were able to make a promise that introduced a revolutionary way for testing blood. However, the technology involved only proved to be a failure. Throughout the investigation of Theranos and its demise, it boiled down to being fully aware of a company before you even think about investing money that you may never see again, thus cutting the losses.
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