Stop falling for nonsense advice peddled by "#finfluencers" online and start investing successfully.
Whether you're an investment veteran or just starting out, this concise, finance-focused guide will unpick risky "get rich quick" myths, explain proven investment strategies using real-life case studies, and grow your confidence in the markets.
Learn - How to achieve a new investment mindset; one that's analytical, well-informed, and cultivates beneficial qualities - Why "get rich quick" schemes fail and how you can avoid falling for them - Case studies and hyper-condensed wisdom from leading experts to inspire smarter investment choices - Having the confidence to trust your investing plan and stay invested long enough for compound interest to work its magic.
Refreshingly honest and accessible, The Investor's Mindset is a much-needed antidote to the bad investment advice peddled online, instead helping you develop the confidence and resolve to build wealth sustainably and achieve financial freedom.
1. Start saving and invest the savings regularly- the sooner the better. 2. Invest only in index funds with low management fees. Picking stocks is forbidden. 3. If you save and invest 500 usd a month for 40 years, put it in allocation 60/40 and rebalance with age you will be millionaire. 4. A lot of “ifs” on 3 - never sale, hope the markets will have the average of 6% annual return and they will perform as have been performing the last 100 years. 5. Don’t look at your portfolio and never listen to anybody with opinion on markets, just buy the index fund. 6. Live your live and do not sweat it. 7. Money buys you time. 8. Good list of cognitive biases. 9. No risks mentioned. But it’s good to diversify. 10. Earn more. Save more. Invest in index funds.
Easy to digest information much better for those people who just started investing which is the intention of the book. Clear concise writing. Even if you hate reading it’s not that difficult to read. There are lots of statistic and calculation but not heavily numerical.
Nothing revolutionary here. Short, concise reminder about investing basics and traps to be aware of. There is always room for improvement. And even though I already know the basics, it is motivating to read books like this. I should definitely make some changes to my portfolio.