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Want to try investing and learning from scratch, but still not sure because you have no experience? Calm! Because this list of the best investing books can be used as a guide for you to learn and understand the importance of investing.
In addition, investment activities at a young age can still be considered less important. But, if you read this best investing book, it may be that your mind is open about the importance of investing, especially from an early age.
If not from now on, when will the investment be generated? If you are old and have no income, there is no source of funds to invest, and that means you are behind schedule.
So, it would be better if the investment started as soon as possible since you have your own income. Thus, the return on investment you will have will be even greater.
type of investment
There are many types of investment instruments, which can be chosen for both beginners and professionals.
You can choose and learn more about these instruments from the best investment books, which will be recommended after discussing the types. Here are several types of investment instruments you can choose from:
mutual funds
First, there are mutual funds, which are high-risk investment instruments, where mutual funds are a collection of investor funds.
Then the funds are collected in one to be invested in instruments on the capital market. However, there is an Investment Manager who takes care of everything.
storage area
This type of investment is low risk, similar to regular savings, the difference is that you can specify the period of time you want to save, and it should not be done until the agreed time.
Actions
For this type of investment, it is high risk as the system is the same as the one you buy as the holder of the company that issued the shares.
However, value or return usually comes from dividends and growth in the value of the stock itself.
Gold/Precious Metals
This type of investment is the safest instrument, and also low risk. Its value is practically stable and increases every year.
P2P
This type of investment is almost similar to mutual funds, but P2P uses investor funds to lend to those in need through a platform like MSME owners.
As? So far, is there any type of investment that interests you? If you’re still confused and your mind isn’t open yet, you’d better open your mind by reading the following series of the best investing books!
(Also Read: 6 Best Types of High Interest Investment in Indonesia 2022)
5 Best Investing Books, Lightweight and Easy to Understand for Beginners
1. The Money Game – George Goodman
The first best investment book was The Money Game, written by George Goodman.
Although this book has been published since 1968, The Money Game is still one of the top books for beginning investors who want to learn and understand investing.
Why is this book suitable for learners and beginners? Because this book has an interesting description, details, easy to understand and, of course, fun.
So that you don’t easily feel too late to learn about finance because it also contains a lot of stories.
This book will teach you how to invest in stocks that worked on the Wall Street stock market in the 1960s.
In essence, you will be taken in as if you were playing a game, and it is hoped that after reading this, you will dare to invest and become a trusted investor.
2. Morgan Housel – The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness
The second best investing book is The Psychology of Money by Morgan Housel.
In this book we will open the mind that money is not everything, but money can thrive to give happiness, if you know how to manage it well.
Because the value of happiness for people is different, because happiness can be controlled by one’s own desires. There are a lot of thoughts about money, wrapped up in 19 short stories.
There are tales that tell about the strangeness of having money, the uniqueness of a person in having money or managing it, and so on.
In essence, in a book, you will find many possible thoughts of one of the stories, similar to yours.
Not just about money in general, this book also includes personal finance, investment, and business management.
As this is a translated book, you can choose whether to read the original English version or the Indonesian translation.
3. Warren Buffett’s Essays: Lessons for Corporate America karya Warren Buffett
Then there’s the best stock investing book written by the richest investor in the world, who else if not Warren Buffett.
Although he writes books, he also often recommends other best investment books that are really lightweight for beginners to read.
The reason is that many people who haven’t started reading get bored because they hear the theme of the book’s content. The recommended books, however, are worth reading and easy to understand.
Well, for this book, The Essays of Warren Buffett is also one of the light and easy to understand investing books.
Meanwhile, the content of this book is a description of how to build a company and shareholders with the best management.
Not fixated on investment, this book also discusses accounting for corporate governance.
This can be used as a guide for those looking to create a business, business or company.
4. Smart Investor – Benjamin Graham
A fellow book writer and investment figure, Warren Buffett also has an idol, Benjamin Graham, who also wrote the best investment book entitled Smart Investor.
In addition to the person, this book has also become one of Buffett’s favorites, even buying this book became his best investment.
This is because this book not only explains investment theory, but also human nature.
For example, if you want to invest, you must be able to work intellectually and have the ability to control your emotions.
Not only suitable for beginning investors, this book can also be a guide for individual investors.
In essence, the emotional picture and analysis are also very important for financial success.
5. The culture shock – John C. Bogle
Born, this book is also the best investment book recommended by Warren Buffett, especially those who are interested in investing in mutual funds.
The reason is that, in The Clash of Culture, he talks about changes in the mutual fund industry, how speculation has invaded the pension system, and the need for federal fiduciary bond standards.
Relentless, John C. Bogle himself has been in the mutual fund world for 60 years and built the Vanguard group.
Over the decades, Bogle has witnessed a shift in culture from prudent long-term investing to aggressive short-term investing.
Not just a spectator, he also acts as a participant in the mutual fund market. However, in the book he wrote, he encouraged people to go back to basics and rationale in investing.
Not only that, Bogle also describes in his book on the history of the formation of index mutual funds, which he himself created, so mutual funds turned into a long-term investment concept.
There are many other stories and stories that Bogle wrote. You can read it yourself, especially if you want to deepen your knowledge of mutual funds.
So these are some of the best investment book recommendations you can read. It doesn’t make you bored and bored, in fact, these books can open your mind about the world of investing.
It won’t hurt you either, this book was also widely sold on e-commerce with Indonesian translations, at a price below Rp. 500 thousand. But after that, you can become a reliable investor and control the market well.
(Also read: How to get free gold from OneAset, safe investment full of bonuses!)
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