Learn to Earn: A Beginner's Guide to the Basics of Investing and Business [Peter The Intelligent Investor: The Definitive Book on Value Investing. A Book. abromishico.cf: Learn to Earn: A Beginner's Guide to the Basics of Investing and The Little Book of Common Sense Investing: The Only Way to Guarantee Your. Start by marking “Learn to Earn: A Beginner's Guide to the Basics of Investing and Business” as Want to Read: Mutual-fund superstar Peter Lynch and author John Rothchild explain the basic principles of the stock market and business in an investing guide that will enlighten and.
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abromishico.cf - download Learn to Earn: A Beginner's Guide to the Basics of Investing and Business book online at best prices in India on abromishico.cf Read Learn to. While I plan to eventually review all three of his books, I decided to start off with Learn to Earn for several reasons, mostly summed up by the. Learn to Earn gives you the expert guidance you need to make theright start. Lynch and Rothchild cover the gamut on investmentfundamentals.
Learn to Earn: A Beginner's Guide to the Basics of Investing and Business
I got engrossed in this portion of the book, taking about ten notes on every page and turning to Wikipedia and to other sources many, many times during the reading to increase my understanding of what Lynch was describing.
Some are obviously going to ask what purpose this section serves.
Instead, it puts investing, money management, and other basic elements of personal finance into the context of American history. Personal finance, as we know it today, is the outgrowth of thousands of years of hard work by our ancestors, and along the way they learned mountains of valuable lessons.
Those lessons, sadly, are often ignored and their mistakes are still repeated today: All of those things happened time and time again in the past, and they happen again today. The value here is to show, in a very interesting and authentically American way, that the basic tenets of personal finance have always been true.
Always spend less than you earn. Never just blindly repeat the investment strategy of the people at the country club.
Review: Learn to Earn
Always plan for bad news in the future. Hard work, intelligence, and diligence almost always pay off. The Basics of Investing This chapter really breaks down into three parts.
The first part is incredibly simple: This is basically a commandment in this book and for good reason — following it is pretty much the only sure way to financial success. The second portion outlines the five places where most people can put their money: Lynch is obviously a stock investing advocate, but he does a good job outlining the other areas of investing as well.
In general, he recognizes cash and bonds to be relatively safe, seems to not like real estate investing much at all too much manual work and too much risk , and finds collectibles to generally be far too speculative.
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The rest of the chapter focuses on stock investing, where Lynch is an expert. There really is a lot of good advice in this section, much too dense to really discuss in detail.
Lynch and Rothchild, who I suspect is probably the ghostwriter at least to a degree is very good at making this information breezy, so the forty five pages or so that discuss stock investing are simultaneously quite informative and very readable.
What it does do is explain very clearly how to invest in individual stocks and how to gather information about them. It details what a brokerage is, how it functions, why you may or may not want an expensive stockbroker, how to gather information about companies and decide whether to invest in them, what dividends are and how they work, and so on.
Along this path, there are different ways to invest in companies, different reasons for doing so, different risks, and different rewards — clearly, a greater view of the growth of a company is valuable information. Why is this information here? Most people view stocks as an investment game unto itself, neglecting the idea that stocks represent real companies that grow and mature and change.
Take Apple, for instance. Once upon a time, it was two guys in a garage. In the early s, it was growing like gangbusters after a huge IPO, clearly a growth stock.
It stagnated in the late s and s, then turned back into a growth stock again recently. It was born, grew up, had a midlife crisis, and made some changes.
Lynch does a great job of explaining this relationship of a company to its stock, making the connection very clear. May 05, Richard Stephenson rated it liked it I would recommend this one - especially to High School young adults.
Note: it's a bit behind-the-times, but the philosophies presented are timeless. I was almost turned away once I found out it was written for a bit younger crowd, but I gave it a chance and was pleased with the results.
There is a ton of history, good examples, and conversational-style lessons taught in a pleasing manner. Oh, if you want to jump right in to the non-history portion of the book though it is quite useful and interesting , then skip over to Page Get ready to learn to earn.
A world which, later, not only becomes a personal interest but also a professional one.Mutual-fund superstar Peter Lynch and author John Rothchild explainwhat's not normally taught in high school --how the stock markethelps you and how it helps the country. The customers of the bridge weren't nearly as happy as the investors in the bridge.
While I was already familiar with much of the content in the book, the quality of the writing and the respect I have for Lynch make me strongly yearn to read his other two books.
Loading Disqus Comments In addition to that, the book contained a lot of thought-provoking stories about how particular companies were founded and became one of the biggest corporations in the world. It does a great job as a primer on capitalism, businesses, and the basics of investing.
During this period in history, money was backed by precious metals, so the amount of cash a bank could print depended on how much gold and silver it had in its vaults. This free-enterprise system that Bradford put in place was basically the same as the one we have today.