The Wealth Equation: Money Management + Self-Preparation + Investing + Time = Wealth (en Inglés)
Reseña del libro "The Wealth Equation: Money Management + Self-Preparation + Investing + Time = Wealth (en Inglés)"
You have probably read about an old woman who worked at menial jobs all her life, and surprisingly left an estate of over one million dollars. Perhaps she was lucky. More likely she was wise, stashing away her pittance each month and investing it to grow in stocks of companies she felt were reliable. Only a few people seem to have an innate talent for investing. Most of us need intensive study and self-preparation to become wise and patient investors. From his own experience, the author is convinced that, with dedicated interest and diligent study, many can master this potentially lucrative field. This book, The Wealth Equation, is the vehicle to acquire the knowledge and skills to become a wise investor. You need to read this book before starting to invest because beginner mistakes can be so costly. The book helps you attain a state of mental discipline to rein in the very powerful emotions ever-present where your money is at stake. It equips you with a comprehensive understanding of investing and a familiarity with stock market behavior so your mind is in control, not your emotions. In The Wealth Equation you will read about the various types of investments: money markets, certificates of deposit, bonds, stocks, annuities, limited Partnerships, IRA's, etc. The book provides criteria for making informed command decisions on selecting the most suitable types of investments, deciding when to invest, when to sell, when to be cautious and when to be a little bolder. This book describes techniques of good money management necessary to develop funds for investing. The benefits of compounding to multiply your gains are graphically displayed. The book explains how compounding dividends and gains allows the legendary plodding tortoise to beat the flighty hare at the end. The book depicts a detailed history of the U.S. stock market over 90 years, giving the reader a broad perspective and a more complete understanding of stock market behavior. The book's Epilogue describes political actions that the author deems necessary for improving the performance of the economy, and with it the stock market. To the extent that these political actions are implemented in the future to improve the economy, or adversely, if negative actions are taken to further damage the economy, the investor thus has a gauge for assessing likely future trends in the stock market. To be successful in coping with sweeping moves of the stock market, it is essential to face political realities. You will read about the author's investing history-the early struggles, the learning process and later successes-culminating in navigating successfully through The Great Recession, buying into the market at the low point, and achieving multiple gains thereafter. You need to read and study this book to help you attain a comfortable life of prosperity and financial security. Bon voyage!
