10 little secrets about money, please keep them away. Featured 3

 "10 little secrets about money, please keep them away. 》 Featured 3

Let's read together.

In the process of financial investment, we will encounter many problems and step on many pits, which will make us lose money or make less money.

Although making mistakes is a necessary process, some people keep making low-level mistakes, and some people slowly get to the doorway. Because the latter is better at learning than the former-learn from your own experience and learn from the experience of others. Others’ experiences include direct teaching and books. Books are “cheaper” than direct teaching. Not everyone can have lunch with Buffett, but most people can afford Buffett’s "Book to Shareholders."

The things in the book are all the problems that others have encountered, the pits that have been stepped on, and the lessons learned. We don't need to step on many pits ourselves, and we don't need to invent the methods we have already explored. Look good, in fact, book fees are the cheapest tuition fees.

Today Xiaoxing is here to recommend books to everyone.

1. Financial Enlightenment

In the beginning, it was necessary to improve financial quotient and know the basic laws of money. Many people don't make much money throughout their lives. It's not that they don't work hard enough. It is a basic cognitive problem and a wrong understanding of money. Books suitable for getting started and improving financial quotient include "Rich Dad, Poor Dad" series, "Puppy Money Money" series and "The Road to Wealth Freedom". These books are easy to understand. Let me just excerpt some quotations for you to experience.

"Rich Dad, Poor Dad" series by Robert Kiyosaki

"The main reason people are struggling with financial difficulties is that they have studied in school for many years, but they have not learned anything about money. As a result, people only know to work for money... but never learn to make money. Work for yourself."

"Don't work for money, but let money work for you."

"The idea that only work can create money is the idea of ​​financially immature people."

"Assets are things that can put money in your pocket. Liabilities are things that take money out of your pocket. It is precisely because they do not know the difference between assets and liabilities, people often buy liabilities as assets. , Causing most people in the world to struggle with financial problems."

"Pay attention to your own business. Most people work for people other than themselves. First, work for the boss of the company, then work for the government, and finally work for the bank to repay the loan."

"Puppy Money Money" series by Bodo Schaefer

"Money has some secrets and laws. To understand these secrets and laws, the prerequisite is that you must really have this desire. If you just have the mentality of trying, then you will end up in failure. Nothing will be accomplished. Trying is purely an excuse. You have already figured out a way out for yourself before you do it. You can’t experiment. You have only two choices: do it or not."

"From the day a person concentrates on what he can do, what he knows and what he has, his success has kicked off. This also makes a child fully capable of earning more than an adult money."

"Goose represents your money. If you save money, you will get interest. Interest is a golden egg. Most people are born without a goose. That is to say. Their money is not enough for them to live on interest. And if you have With the goose, you can make the money work for you. Method: Turn one-half of the income into my goose and deposit it in the bank. 40% of it is put in my dream piggy bank, and the remaining 10% is spent."

"The Road to Wealth Freedom" by Bodo Schaefer

"You must take the initiative to plan your own life, because either you plan your own life, or someone else plans your life."

"The simple things at the beginning will become difficult later, and the difficult things at the beginning will become simple later."

"A long time ago, I didn’t have much money, but I still decided to take at least 4 courses every year. We can’t afford to stop self-study. No book or school education can compare to the people around us. influences."

"There is a world of difference between fighting to not lose and fighting to win.

"Those who first focus on their own shortcomings will never create wealth. Fighting with your shortcomings will only consume too much energy with little effect, and eventually make you mediocre."

"Meet at least one interesting person every month who is better than me in one aspect."

 Have you ever cut out a picture of a watch, car or house, and then carry it with you? Every time you see these photos, you will deepen your understanding. Their impressions."

"There are two ways to pursue happiness: reduce desire or increase wealth. If you are smart enough, you will do both."

Second, get started

The above mainly introduces some basic concepts. Now we start to talk about the "techniques" of investment and financial management.

1. Noob stage

"A Book to Understand Investment and Financial Management" by Yu Ye

This book is very comprehensive, including bank financial management, real estate financial management, insurance financial management, debt financial management, gold financial management, collection investment, fund investment, stock investment, foreign exchange investment, futures investment, credit financial planning, consumer financial planning, marriage financial planning, education Financial planning, retirement financial planning, etc. The book is easy to understand, and it is a good financial management map to give you a general sense of direction in financial management.

"Super Simple, Easy Credit Card Finance" by Visual Graphic

After reading this book, you will be amazed: "Wow, it turns out that credit cards can still play like this!"

This book tells you how to borrow money from a credit card in a graphical way, and repay it as you borrow it, without interest; how to increase the limit of the credit card; how to enjoy the merchant’s discounts, and how to get some wool from time to time; and how to accumulate points. Redeem prizes, etc.

2. The road to advancement

"How the Middle Class Protect Their Wealth" by Ou Jian

The book of Chinese real estate investment has a lot of things. The core point is to build a mortgage-centric asset portfolio to increase our assets. It mainly explains the rate of return of real estate investment, investment timing and how to configure leverage to ensure the greatest return. Coupled with the author's own successful experience in the property market, it is full of dry goods.

"Walking on Wall Street" by Burton Markiel

If you are an individual investor looking to avoid risks in the stock market and earn profits, then Malkiel's book "Walking Wall Street" is worth reading. It can be said to be a guide book for individual investors.

In this book, Marquill examines the financial investment strategies of individuals and families. His very novel point is that a person's risk-bearing ability depends largely on his age and income ability. The experience of the stock market shows that the risk kurtosis hidden in stock market investment decelerates as the investment period grows. Therefore, the appropriate investment strategy is related to the person's age. The book opens up a chapter "Life Cycle Guides Your Investment". It proposes corresponding investment strategies for individual investors of all ages. Reading these is equivalent to consulting a smart private investment consultant.

"Introduction to Stock Investment and Practical Skills" by Wang Kun

It is easy to understand, with pictures and texts. It explains some basic methods and basic concepts of stock analysis, such as K-line and MA-line. The explanation is very comprehensive, and it can be regarded as a good stock introductory book.

"Interpretation of Funds: My View and Practice of Investment" by Kaifan Ji

This book is born out of the 33 "My Investment Outlook and Practice" series of posts written by the author on the Sohu Fund World Forum. It is organized, perfected and systematized on that basis. very useful.

"Securities Market Red Weekly" commented on the author: Although he low-key called himself an "open-end fund investment enthusiast", his comprehensive and systematic fund management outlook and his eagerness to answer various questions are eager for the current For the Xinjimin who let "money make money" and enter the market, they can indeed benefit a lot from it.

"The Turtle Trading Law" by Curtis Faith

I will use the author's own words to introduce this book.

The author said: “For consistent and profitable trading, using a mechanical system is the best way. If you know that your system can make money for a long time, you will be more likely to accept the signal and trade according to the system signal during the loss period. If you are in Relying on your own judgment in trading, you may find that you are timid when you should be brave, and you are brave when you should be timid.

"If you have a profitable mechanical trading system, and you follow this system religiously, then your trading will be profitable, and the system will help you get rid of the heart that will inevitably come from a long list of losses or huge profits. Struggle.

The trading system used by Turtle is a complete trading system. This is a major factor in our success. Our system makes it easier for us to conduct consistent and successful trading because it leaves no important decision-making tasks for traders' judgment. "

3. Great God Works

These books mainly talk about the "Tao" of financial investment.

A person has "skills", then he can become a very powerful investor. But to become a great god, one must fully understand the essence of "Tao"—that is, investment.

"The Smart Investor" by Benjamin Graham

Graham is the originator of value investment theory. He believes that buying stocks is like going to the supermarket to buy things. You should rationally ask yourself whether things are worth the price, instead of trying to predict the market like a gambler.

The concept in the book tells us, “In order to achieve investment success in a lifetime, you do not need top IQ, extraordinary business acumen, or secret information, but need a sound knowledge system as the basis for decision-making, and have the ability Control your emotions so that they will not erode this system. This book can provide this knowledge system accurately and clearly, but you must control your emotions."

"Value Investing" by Bruce Greenwell

Bruce Greenwell is world-renowned for his knowledge in value investing. Many elite investors on Wall Street have participated in his courses and lectures. The book "Value Investment" puts forward the basic concept of value investment. It explains how to apply value investment in a way that investors can understand. It will surely become one of the most important contemporary investment treasures.

"The Art of Asset Allocation" by David Dust

90% of investment income is determined by asset allocation, and timing only accounts for 2%. The problem discussed in asset allocation is that the tree will never reach the sky. The allocation of a single financial product will affect our investment income, so we have to give up choosing asset allocation to manage our funds.

This book mainly explains that we need to understand our own strengths and weaknesses, including psychological fear and greed, when asset allocation, and then set goals, do non-related and diversified asset allocation, and use the methods in the book to optimize the portfolio.

It's always shallow on paper, and I absolutely know how to do it. To learn to invest, you can test the waters with a small amount of money. Believe that you are the great god of tomorrow!