Many people has been emailing me lately on my site at Mutual Funds Philippines and asking me what books they would recommend to get started on investing in mutual funds and investing in general. The first books I read was written in local language so I can not recommend that one. But for other people who understands english I would recommend the following books.
Think and Grow Rich by Napoleon Hill
The all time best seller. This is the first book I have read and it completely changed my life. I wanted to make money work for me instead of me working for money. And change starts within oneself. To be rich, you have to think rich then grow rich, money will materialize as you think and act on it. This is the best book to start.
Rich Dad Poor Dad by Robert Kiyosaki
Many people don't like Robert Kiyosaki because they said that the thing he written in the book are not real or that he is just making things up. I always believe that, learn from anything. Learn from anything you can. Absorb knowledge like a sponge and it will come back and help you out making decisions. My stand on Robert Kiyosaki making things up in his book is of little importance for me. You don't have to know if Jack and the Beanstalk is real to know the moral lesson of the story. People are just making excuses not to do what the books says.
The Warren Buffett Way
What better there is to learn about investment rather than to learn it from the pro. Warren Buffett is a full time investor, one of the wealthiest man in the world, a philantrophy and has his own book telling the secret in stock investing. He clearly states to watch out for the quick buck and always took the time to plan and research before investing. Knowing what companies will be an asset for the long term and stop looking for the get rich quick type of investments on the stock market.
Thursday, June 11, 2009
Subscribe to:
Comments (Atom)