Mano Sabnani's Money $ecrets

by Mano Sabnani

Everyone is interested in making money, having a good life and retiring comfortably. But how do you go about planning for future financial security and more importantly, how do you achieve financial freedom? The reality is that job security lessens and incomes dwindle as we get older. To maintain a decent lifestyle, it is essential to build savings and invest them prudently while in your prime earning years. It is hard work, but it has to be done. Well-known financial writer and investor Mano Sabnani stresses the importance of financial independence and shares his money secrets on building an investment portfolio to achieve a passive income for a comfortable retirement. Topics in the book include simple financial literacy, core principles of investing, what and how to invest for the best long-term results, and how to select the right stocks to invest in. Mano’s Money Secrets includes his investment principles and strategies as well as his views on the Singapore stock market, banks and property/REITs. He also provides guidance on how not to get caught up in speculation and scams. The book’s conclusion is that real happiness is achieved only when you have financial independence and little or no financial worries.

208 pages, Paperback

Published January 1, 2018

Reviews

[Donn Lee · Rating 4 out of 5]

There really aren't that many investment books in the Singapore context, so good to have one more option (Lorna Tan's books are also great). I find I can never get enough of reading about CPF and housing in Singapore as these tend to make up such a large part of our portfolio but don't really get much focus in an investing/retirement context.

Though I'm not so onboard with the investing philosophy -- I prefer the passive Index Fund / ETF approach (see book: "The Bogleheads′ Guide to Investing") -- the advice in this book is generally sound, and the non-investing parts are useful.

[Y T · Rating 4 out of 5]

This was an easy read for beginners, who are interested in personal finance and learning ab growing their wealth.

I picked this book up, wanting to learn more about property and REITs, the differences and why pick one over the other. The write up was rather generic, goes on to describe both of them with the pros and cons of each, but not having a position on either.

What I did learn was valuing stocks, which PE would ideally be 10x.

Overall an easy read. If you’re looking for concrete in-depth information, you’ll need to head elsewhere.

[Minlsm · Rating 1 out of 5]

Information are not informative and I already had read it somewhere