5 Critical Books for Finance Professionals

5 Critical Books For Finance Professionals _ Ajay NagpalWhether it’s a movie like Wolf of Wall Street or a real-life drama like the 2008 financial crisis – finance has always been a backdrop for drama. This leaves writers who focus on finance with a long list of topics to choose from. Here are five books that every finance professional should be familiar with:

1) The Intelligent Investor

Ever wonder how Warren Buffett learned everything he knows about investing? Well, this is the book he recommends.

In this book, Benjamin Graham provides readers with a map to investing success by using a long-term, value-investment approach. Published in 1949, it’s been updated and remains relevant today.

 

2) Common Sense on Mutual Funds

This is a book written about 20 years ago by John Bogle. The book focuses on mutual fund investing.

Who’s John Bogle? The creator of the Vanguard Group, one of the most respected mutual fund investment firms in the world. There’s no better person to learn about mutual funds from.

 

3) A Random Walk Down Wall Street

This is a great book to gain insight into all possible investment strategies.

The author, Burton Malkiel, takes readers through all market fundamentals – from stock investments to mutual funds. It remains a great resource for someone new to finance, and for the experienced professional.

 

4) Liar’s Poker

By now, everyone’s familiar with the Wolf of Wall Street. Well, that wasn’t a one of story.

In this book, Michael Lewis recalls his experience at Salomon Brothers on Wall Street in the late 1980’s. Readers won’t just get insight into basic investment fundamentals, but the wild side of Wall Street, too.

 

5) The Alchemy of Finance

The author, George Soros, is known to have a great eye for market trends. He’s considered one of the best of all time at hedge fund managers. This book teaches readers how to use his unique approach, and highlights reacting to the market and its trends.

The financial world provides writers with an endless amount of topics to choose from. Whether it’s basic value-investing strategy as taught by Benjamin Graham, or the inside scoop of what Wall Street was like according to Michael Lewis, the information is out there for any reader who wants to expand their knowledge.

 

 

 

Simple Tips for Beginning Investors

Simple-Tips-for-Beginning-ajay-nagpalYou’re never too young or too old to budget, save, or practice debt control, and the same can be said for investing dollars.

Being a financier isn’t as easy or as glamorous as the film “The Wolf of Wall Street” suggests, but that doesn’t mean that it’s complicated. Of course, investment is intimidating to those new to the investment game, particularly to those who’ve never allocated funds and other resources to benefit from a ‘return’ –but there is help. Read on to learn some fundamentals about investment and capital gains.

Novice investors are frequently adopt investment diversification and strategy. A return may be in the form of investment income (dividends, interest, rental income) and/or capital gain. There is a range of financial assets, whether discussing low-risk investments, low-return investments, high-risk investments, and higher expected commensurate rewards.

The most evolved investment portfolios are those that are diversified in investment strategy. Below, please find five investment tips for beginner investors.

Know Someone With Knowledge: If you chat with an investment advisor who can educate you on your options. Through this advisor, you’ll learn if you’re able to invest in your registered retirement savings plan and tax-free savings account. Recognize the pros and cons of different account tips, and act decisively.

Shop Where You Buy: Rather than look to businesses and organizations that you don’t know much about, you may want to look to companies to endorse when seeking to invest. Find companies that you enjoy and patronize. If you enjoy eating Fuji Apple Salad with Chicken for lunch or you love snacking on a Lemon Drop Cookie, you may want to consider buying Panera Bread Co shares. Likewise, if you identify other brands and trends that others enjoy, you’ve figured out a great opportunity for investment. Of course, this differs a bit from serious investing. If you’ve set a lofty financial goal, you may want to consider long-term investments that focus on a well-researched industry.

Expand And Diversify: Inexperienced and budding investors without many assets may find exchange-traded funds and mutual funds are a good product for portfolio diversification. Mutual funds allow young people an opportunity to work with others, and an investment is facilitated by a mutual fund manager. Exchange-traded funds are similar, but function without the guidance of a manager.

Begin Investing Today: Know your limits by putting money away each month, so then you’ll have money to invest personally. Understand that the longer you invest, the more money you’ll make, gaining a compounding rate of return.

Do Your Research: Learn what opportunities your bank has available to you, and find out if you can open your account. Through your bank, you can learn if there is a discount broker program. While high return, these programs you’ll have to go it alone –there will be no one offer insight about when or how to trade or buy.

What’s also important is that you keep yourself informed. Read the newspaper each day, and learn about market vulnerabilities. Do research on the habits of successful investors, and perhaps seek out a mentor.


Ajay Nagpal, the Chief Operating Officer at investment management firm Millennium. Ajay Nagpal supports social entrepreneurship through his work as a Board member of Echoing Green. Please visit his social entrepreneurship blog to learn more about that! Also, find him on Behance!