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Weekly reminder of books to read
What you need to change your behaviour for the better as a young investor
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Today I want to share again books that can help you with your investment journey. Remember it’s not just about putting money in an asset it’s also about investing in yourself, it’s never a wasted opportunity to learn from books so;
Here are 5 valuable books that combine investment knowledge and personal development, particularly suitable for young investors:
1. "The Psychology of Money" by Morgan Housel (2020)
- Perfect for young investors because it focuses on behavioral aspects of money management
- Uses engaging stories to explain how emotions affect financial decisions
- Teaches long-term thinking and how to develop healthy money habits
- Particularly relevant for millennials and Gen Z dealing with unique financial challenges
- Easy to read and relatable, avoiding complex financial jargon
2. "A Random Walk Down Wall Street" by Burton Malkiel
- Excellent primer on investment fundamentals
- Explains different investment strategies from technical to fundamental analysis
- Debunks common investing myths
- Provides practical portfolio management strategies
- Great for understanding market efficiency and index investing
3. "Rich Dad Poor Dad" by Robert Kiyosaki
- While not strictly about stock markets, it's crucial for developing an investor's mindset
- Teaches fundamental concepts about assets vs. liabilities
- Helps develop financial literacy and understanding of money psychology
- Particularly impactful for young readers still forming their financial habits
- Emphasizes long-term wealth building over quick gains
4. "The Little Book of Common Sense Investing" by John C. Bogle
- Written by the founder of Vanguard Group
- Perfect for beginners who want to understand index fund investing
- Explains why simple investment strategies often outperform complex ones
- Focuses on low-cost, long-term investment approaches
- Particularly relevant in today's era of commission-free trading
5. "Atomic Habits" by James Clear
- While not directly about investing, it's crucial for developing disciplined investing behavior
- Teaches how to build and maintain good habits, essential for consistent investing
- Explains the compound effect of small decisions, which parallels investment growth
- Helps readers develop systems for tracking and improving their financial habits
- Particularly useful for young investors who need to develop long-term discipline