have some healthy personal finances and one effective investment portfolio that allow you to lead a comfortable life is not a simple task: it requires time, patience, effort and, mainly, knowledge.
Fortunately, this knowledge can be acquired through reading books and manuals specialized on the subject. And although there are hundreds of thousands that can be used to cultivate the mind on financial matters, the truth is that can be started for only six.
Rich father poor father
Although he is currently highly criticized for his controversial comments and predictions, the millionaire Robert Kiyosaki He managed to provide great value with what was stated in his book Rich father poor father.
The text develops the importance of having a good financial education and teaches to differentiate what is an asset from a liability, a fundamental aspect to be able to adopt a lifestyle “profitable” that helps achieve economic independence.
Capital markets: manual for non-specialists
The book Capital markets: manual for non-specialistsdeveloped by the University of Buenos Aires (UBA) and the Argentine Institute of Capital Markets (IAMC), seeks, as its name indicates, to provide the knowledge necessary to enter the financial markets as a beginner.
The manual talks about the link between economy and markets, explains what types of financial assets are traded and how to operate them, offers advice for building a portfolio that is correctly diversified and encourages all readers to take charge of their investments.
The smart investor
Written by Benjamin Grahamprofessor and mentor of the famous investor Warren Buffett, The smart investor is an essential book for any market participant who wants to learn the fundamentals behind value investing (value investing).
Share prices fluctuate constantly, and not always based on the financial performance of the company to which they correspond. This generates attractive investment opportunities for those who are attentive and know how to differentiate price from valuewhat is taught in this manual.
Continue reading the story
Technical analysis of financial markets
On the other hand, those who wish to interpret the movements of supply and demand of an asset based on its prices should read Technical analysis of financial marketsof John Murphy.
This book explains everything from basic aspects such as trend lines to more complex theories such as Elliot waves. In simple words, it acts like “The Bible of technical analysis”.
One step ahead of Wall Street
The experienced fund manager Peter Lynch public One step ahead of Wall Street to publicize how an average non-professional investor can obtain an economic benefit simply by purchasing assets that you know for carrying a “normal life”.
Easy to read and not very long, the book is positioned as one of the best options in terms of finances and investments to grow economically and intellectually.
Introduction to futures and options markets
Finally, another book worth reviewing in 2024 is Introduction to futures and options marketsproduced by John Hull. As its explicit name reveals, the text offers the basic and fundamental tools to understand and thus be able to operate in the financial derivatives markets.
By absorbing the knowledge it offers, any investor and operator will be able to put together both hedging and speculation strategies to successfully navigate their way in the world of investments.
