Finance into the categories of books reading notes

5 years before the job, the wealth of your life

The author recorded himself in a three-tier city through savings and financial management, in the case of a monthly salary of 5K, through 5 years of time, the success of the 60W experience.

The author's financial experience is divided into 4 stages:

The first stage is the compulsory saving and bookkeeping. Every month the payroll to the account of the mandatory savings part of the wages, other as daily consumption and emergency funds. form the habit of bookkeeping, record their daily consumption, adjust their own consumption habits, should not spend the flowers.

The second stage, the blind investment in paper gold lessons and follow the parent's funds to invest in the physical company's 150% dividend. In the case of paper gold without any understanding, just listen to friends say investment this money blindly follow suit, chase up and kill down, good time to withdraw stop.

The third stage, the initial fund. The so-called fund is the fund manager with everyone to buy funds to invest money, earn everyone together, lose everyone together to bear. Money funds and bond funds have low yields but are also less risky and have a short redemption period, which is suitable for storing emergency funds. The high-yielding high-risk equity fund is similar to equities.

Stage four, invest in stocks. Keep buying the stocks that you think are valuable when the market is as low as 2000. Waiting for the market bull to appear to throw stocks, so that interest and principal are tumbling up.

Summary: When you do not have the money to save, while forming a good consumption habits while learning financial knowledge. Save enough for the first bucket of gold. Use the power of time and compounding to keep your principal and interest running together. To know why you buy this financial products, do not blindly follow suit.

"Puppy Money Money"

Through the form of fairy tales tell a talking puppy called money, the use of their own from the former master of the financial knowledge, taught the 12-year-old sister-in-the-Kia to start financial management, thus life step by step change story.

In a very easy-to-understand way, the book tells the idea and method of financial management:

1. The reason to be rich is to be successful only if you want to do it subjectively and have a strong desire.

2. The monthly income is divided into 3 accounts: daily consumption, emergency funds, goose funds. By keeping an account of where your money is spent, cutting off unnecessary spending, emergency funds for daily emergency needs, or for bulky items, money from the goose is never consumed, and the goose is fattened before it is used for money and arbitrage.

3. Write a successful diary, increase your self-confidence, believe that you can do things well.

4. Do what you can do, what you like, what you are good at, focus on what you can do, find a way to do it, and not find a reason.

Knowledge Point: 72 rule, the principal doubling time equals 72 divided by the annual interest rate

"Save your wallet."

Everyone is responsible for their own assets, do not listen to the financial salesman's bluff to buy their own completely do not understand the financial products. Define their own risk tolerance and financial objectives, according to the division of their own funds for high-risk, capital-protected, insurance investment ratio, but high-risk products not more than 50% of the investment ratio.

To believe in your choices, don't go with the crowd, common sense is often better than the advice of many "experts".

If you want to buy a stock, you need 5% of the assets to buy 5 of the companies you have spent at least 5 hours to study the stock, and you predict these companies will expand, 5 years later will be more profitable.

"LAOK Interpretation fund--My investment view and practice"

Very good fund entry-level book, LAOK proposed the buy-a-base trilogy.

First, to determine their own risk tolerance, based on the allocation of their own portfolio. With spare money to invest, do not buy a fund to make yourself nervous and sleep can not be scratched, but also can not put Mr. Gbagbo in.

Second, choose a good fund. The fund managers who choose the excellent fund managers of excellent fund companies are ranked by Morningstar's Morningstar, which is best not to change frequently and has experience of operating from bearish to bullish. Tools: Morningstar (Morningstar rating, Billboard, Morningstar Style box).

Third, master the investment method.

1. The proportion of their core and non-core investments is determined according to their risk tolerance, and one year later, as assets change, a rebalancing is needed to make the proportions consistent with their goals.

2. Long-term investment can smooth out the risk

3. One-time investment Gadin investment is a very good way to invest

4. Do not do the band, do not predict the market

5. Do not invest in large and small funds, because for oversized funds, the size is the enemy of performance and too small funds may be closed.

Finance into the categories of books reading notes