What’s your financial book of choice?
05-06-2019, 01:33 PM
#4
Line Holder
Joined APC: Mar 2018
Posts: 52
I think first you need to define what you are trying to achieve?
Is it investing some discretionary dollars or learning to trade the market for income, for example.
These two objectives will require different approaches for putting capitol to use and reading material will be quite different.
hth
Is it investing some discretionary dollars or learning to trade the market for income, for example.
These two objectives will require different approaches for putting capitol to use and reading material will be quite different.
hth
05-06-2019, 01:58 PM
#5
Gets Weekends Off
Joined APC: Feb 2010
Posts: 2,278
Odds are after 3 books you probably have more strategies than you need. Get a subscription to a weekly journal of your choice to keep up on the world economy. Then figure out what area of the economy you are interested in and focus your investment energy there.
And after that, make sure you give yourself enough time to develop another hobby. I have had too many trips with pilots that want to spend every free second talking about all the stuff he learned from Dave Ramsey. Even investment bankers know their jobs are boring and people would rather here about their boat than their bond market strategy.
And after that, make sure you give yourself enough time to develop another hobby. I have had too many trips with pilots that want to spend every free second talking about all the stuff he learned from Dave Ramsey. Even investment bankers know their jobs are boring and people would rather here about their boat than their bond market strategy.
05-06-2019, 03:12 PM
#8
Gets Weekends Off
Joined APC: Feb 2010
Posts: 2,278
Originally Posted by FullFlaps
Nobody that has a system or method of consistently making money writes books about it. They're too busy making money.
05-06-2019, 04:34 PM
#10
Line Holder
Joined APC: May 2018
Posts: 46
Originally Posted by 2StgTurbine
While they don't write books or have podcasts, they do write about how to make money. Warren Buffett and Alan Greenspan write profusely on investment strategy and the economy. The problem is it is hard to repackage their writings in a simple How to Get Rich Quick book with a cheesy picture. Their teachings are too boring and havene't changed since the 70s. Lots of research, conservative predictions, low expectations, and the realization that in the short term the economy is a reflection on human emotion is hard to sell.
Figure out what you want to invest in / how and then get into the technical books, legal theory and tax laws. The hardest part of making money is keeping it. American tax laws favor certain asset classes more than others.
Markets on all time frames reflect crowd perception and emotions. Economies are the actual goods and services being transferred.
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