4 Must Read Investing Books

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4 best books for retirement investors

Paul A. Merriman

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Four of the best books on investing are probably in your local library.

The question of the day: How much do you really need to know in order to be a successful investor?

Throughout North America, it’s the start of the school year, and my new course on personal investing is being taught for the first time at Western Washington University. Students will get almost 40 hours of classroom time, and a roughly equal amount of homework, to prepare themselves for the rest of their lives.

I am not teaching the course, but I have been involved in its inception financially, emotionally and intellectually. The class, part of Western’s College of Business and Economics, is called Personal Investing; how’s that for a catchy name?

Lots of university classes are about theory and understanding. This one has some of that, of course, but its main goal is to change the students’ lives. The university has agreed to do a six-year follow-up study of how well the class succeeds in that goal — and of course I will be keenly interested in knowing the outcome.

In consulting with the faculty about this over the past year and a half, I’ve given a lot of thought to how much an investor really needs to know in order to get off on the right foot.

How many years of college? How many hundreds or thousands of investment articles and books? How many seminars and discussions? How many online courses in trading? (When it comes to day trading, the answer is zero, zip, nada.)

Some investors think it takes years, even decades, of studying, reading, listening, watching and searching for the secret sauce. I don’t think so.

Students in this class will be exposed to a limited number of essential topics. These include the power of time and the importance of interest rates, using the time value of money in real-world situations, how various types of investments rank in terms of risk and expected return, asset allocation, controlling costs, tax laws, inflation, diversification, rebalancing, the issues associated with market timing and chasing performance and of course the role of emotions such as fear, regret, surprise and happiness.

My hope is that the students will quickly be able to apply this knowledge quickly after graduation (or in some cases even before) to their 401(k) accounts and IRAs. I want them to make savvy decisions early in their adult lives and continue to do so permanently.

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If the course is successful, the 45 students should be able to skip the common blunders that so many people make in their first 10 or 20 years of investing. That should leave them with more savings and more peace of mind, along with less stress.

Assuming that you aren’t going back to college to learn how to be an investor, what does this mean to you? Is there any way you can benefit from this class?

I think the answer is yes. If you are willing to put in 20 hours, I think you can give yourself an education that will cover much of the same ground that these students will get from 80 hours of instruction and study.

So here’s your assignment: Read just four books. They are easy, but I hope you will take the time to think about what you’re reading as you go. These four books are widely available online, and there’s a good chance that you can find them free at your local library.

The four best investment books I know

“The Little Book of Common Sense Investing” by John Bogle. The author is the founder of Vanguard and the inventor of index funds for individual investors. He’s classy, intelligent and articulate. As I have written before, he is part of Wall Street, yet he’s on our side. Name any mutual fund in existence today, and you can be pretty sure that John Bogle has had an impact on how that fund and its managers operate.

This book summarizes and condenses many practical lessons that investors should put into practice. I find myself coming back to it from time to time, and you may want to do the same.

“Your Money and Your Brain,” by Jason Zweig. Zweig, a columnist for The Wall Street Journal and formerly a senior writer at Money magazine and mutual funds editor at Forbes, does an outstanding job of showing how the invisible hard wiring inside our brains dictates a lot of our behavior. Often this is a good thing, but many times this automatic behavior gets us into trouble.

At least five times I have read this fascinating book on the psychology of investing. Each time I learn more about how easily and stealthily our fear, happiness, greed, surprise and regret can hijack our thinking.

“Mutual Funds for Dummies,” by Eric Tyson, is in my opinion a must-read for any serious investor. Tyson has written a handful of best-selling personal finance books. At one time he was (and maybe still is) the only author ever to have four entries at the same time on Business Week’s list of best-selling business books.

You can regard this book as a vital manual on how to understand and use the mutual funds that are likely to make up the bulk of your retirement portfolio.

“Financial Fitness Forever,” which I wrote for publication late in 2020, focuses on five basic choices every investor makes — choices that produce success or disappointment. I remember once getting a phone call from the book’s editor, who had just finished reading the first draft of the first half of the book. “Paul, I have changed my portfolio,” he told me.

I would especially call your attention to three chapters: Where Will You Place Your Trust?, Twelve Numbers to Change Your Life and “The Perfect Investor.” I plan to use that last one as a springboard for a couple of upcoming MarketWatch columns.

If you use these four volumes as your syllabus and your textbooks, you won’t have to go back to college. That seems like a heck of a deal to me.

Richard Buck contributed to this article.

4 Must Read Internet Marketing Books

I get asked all the time, “What are some good books that you’d recommend relating to internet marketing?”

I decided to answer this question on a hike that I did recently in Rio de Janeiro. In this video blog, I reveal the 4 must-read internet marketing books that you need to read if you’re an aspiring internet marketer. These are books that have made a huge difference in my life and have helped me get to where I am today with my internet marketing career.

Watch the video below:

Below are the list of the must-read internet marketing books that I’d recommend for any aspiring internet marketer.

The 4 Hour Work Week by Tim Ferriss

This was the first “internet marketing” related book that I read, years ago. The 4 Hour Work Week really got me out of the mindset of “working a 9 to 5” and “one day when I retire, then I’ll be free”. It made me believe that I could create the lifestyle of my choosing, having the freedom that I desire. It gave me the belief that the internet was the way to go, as it provides tremendous opportunity to automate and outsource, due to technology.

The 4 Hour Work Week is an inspiring book. It will open up new worlds of possibilities for you and show you how to escape the 9 to 5, travel the world, doing whatever it is that you love only working 4 hour per week. It’s a must-read for any aspiring internet entrepreneur.

The Millionaire Fastlane by MJ DeMarco

I recently read The Millionaire Fastlane while in Bali, Indonesia and it was one of the best internet marketing books that I’ve read. The author, MJ DeMarco, has a powerful way of writing that breaks you out of your existing paradigm. This book will challenge what you’ve currently learned about getting rich from other finance books.

MJ DeMarco really preaches the internet lifestyle in this book, describing how it’s the “fastlane” to getting rich in todays world. This is another must-read for anyone that wants to make money online.

FU Money by Dan Lok

This book was life changing when I read it on my trip to Thailand a few years ago. I was just getting started building my first online business and I took this book with me. I received it as a free gift at a seminar where Dan Lok was speaking and it totally changed my life. Dan has a no non-sense, direct style of writing that really will wake you up. It shows how the internet can provide the freedom and lifestyle that you want, while challenging your existing beliefs about making money. This is another fantastic book worth picking up and adding to your library.

Crush It by Gary Vaynerchuk

Crush It by Gary Vaynerchuk was a powerful book for me when I was first starting my blog, ProjectLifeMastery.com. It really taught me how to crush it by pursuing my passions and sharing my gifts online. This book motivated me to hustle more and taught me many valuable principles that I apply today with my online businesses. Gary also has a no nonsense, direct way of communicating through his writing that I seem to respond well to.

These 4 books are powerful, motivating books that will guide you along your journey to making money online as an internet marketer. They are all worth adding to your library and reading, if you haven’t already.

Are there any internet marketing books that I missed?

Any that you would recommend that are worth reading?

5 Must-Read Cryptocurrency Books for Investors

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Cryptocurrency books offer some of the most straight-forward, organized, and thoughtful material for newcomers. If you are interested in investing in the cryptocurrency space, then it is important to find reliable sources to learn about the economics and fundamental technology behind crypto. This is why, in this article, we will be discussing the benefits of learning from cryptocurrency books for cryptocurrency investors, as well as the five books you need to read if you want to ride the cryptocurrency wave.

Cryptocurrency books offer some of the most straight-forward, organized, and thoughtful material for newcomers. If you are interested in investing in the cryptocurrency space, then it is important to find reliable sources to learn about the economics and fundamental technology behind crypto. This is why, in this article, we will be discussing the benefits of learning from cryptocurrency books for cryptocurrency investors, as well as the five books you need to read if you want to ride the cryptocurrency wave.

The beauty of books versus online articles is that there is arguably more thought put into them.

Why Read About Cryptos Before Investing?

The beauty of books versus online articles is that there is arguably more thought put into them. Books are (usually) physical, which means the writer must be conscious of budget, distribution, formal publishing, and ensuring positive feedback from the community. A reader will be much more critical of a $20 book, than a free article.

To date, there are already thousands of books published specifically on cryptocurrency investing. The writers behind these books are novel writers, they are assumed to be experienced, practicing investors, technologists, or traders. This means that you can gain a piece of their wisdom by learning from the mistakes they made, to better prepare you for your cryptocurrency journey.

Are Cryptocurrency Books Bound To Be Outdated and Unreliable?

This is a valid concern. A book that was released five years ago will not be up to date with the latest wallets, applications, and tools available today for cryptocurrency traders. While the broad investing strategies are most likely timeless, it is in your best interest to find books within a couple of years so that they can offer the best tools and tips to help you by your side.

Treat cryptocurrency books like any other books; do not allow yourself to be lured by a pretty front page and a cool name that reminds you of a Silicon Valley tech genius. Do your own research of the author, the topic, and its relevance to what you want to achieve.

The good news is that you are already on the right path because you’ are reading this article.

The 5 Best Cryptocurrency Books You Need To Read Today

Enough teasing, I will give you what you came for. It isn’t easy finding decent cryptocurrency books on trading and investing when you are unsure where to look. Here are five brilliant books all about cryptocurrency trading for beginners.

1. “Trading Cryptocurrency: A beginners’ Guide by Clem Chambers”

Clem Chambers’ book was aimed at complete beginners looking to dip their toes into the crypto space and used Bitcoin , Ethereum , and Litecoin as examples. Chambers uses these coins and their respective qualities to educate the reader about the importance of understanding the ecosystem these entities operate in, giving us a broad perspective of what we must know about the behavior of these markets. He doesn’t only cover trading and investing, but the actual process behind how these coins come to exist – such as mining and minting.

2. “The Cryptocurrency Trader’s Handbook” by Marvin Neuefeind

Marvin Neuefeind has created an impressive piece in the form of actual guides.

Remember, the last thing you want to do is invest aimlessly. This is exactly what this accomplished author urges you not to do. Having a flexible investment plan is priceless; it allows you to react appropriately to whatever the market throws your way and minimize your possibility of making bad investments.

3. “The Altcoin Trader’s Handbook” by Nik Patel

“An Altcoin Trader’s Handbook’s” author, Nik Patel, is a guy who has been heavily involved in altcoins since 2020. Thinking back to the opportunities of 2020, Patel saw something special and acted on it – unlike many others who decided to wait it out.

In An Altcoin Trader’s Handbook, Patel doesn’t deny the speculative nature of the market. In fact, he embraces it with open arms. He goes on to highlight the importance of risk management in speculative marketspaces like altcoins and lower market cap cryptocurrencies with little to no history. The overall message of the book is split into three separate sections to guide the newbie investor through their journey, which are:

Patel is a brilliant and engaging writer who writes meaningful content and, most importantly, doesn’t fail to acknowledge the risks involved with cryptocurrency investing and trading. This is a transparent book which complements the other four very well.

Do not limit yourself to a single perspective; the authors whom you look up don’t make this mistake, themselves.

4. “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos

Andreas Antonopoulos is arguably one of the most well-respected individuals in the field. He has a background in computer science and is one of the main spokesmen behind the crypto industry. I recommend following him on Twitter. He has educated various governments on the technology and travels the world teaching people how to get Bitcoin in their hands. This book will provide you with some insight on the technology behind these cryptocurrencies, explaining how to set up a wallet , what a wallet is, what mining is, and more. Ultimately, these all affect your cryptocurrency investing efforts from both an operational and economic perspective. It is important to understand what you are investing in, before investing.

5. “The Cryptocurrency Investing Bible” by Alan T. Norman

Norman has written seven books about cryptocurrencies already, and one book on machine learning. The Cryptocurrency Investing Bible will provide an overview of trading, in addition to the technology behind these cryptocurrencies. Much like Andreas’ book, it will provide you with an overview of the technology from a different perspective. Understand the technology, even at a basic level, will help in your investing and predictions. Mining, tokenomics, block rewards , and other technical information is critical to one day being a sophisticated cryptocurrency investor.

Keep an Open Mind to Multiple Cryptocurrency Books

One key thing to point out about finding cryptocurrency books to study from is the variety of information in this new, embryonic market space. Do not limit yourself to a single perspective; the authors whom you look up don’t make this mistake, themselves. These educators are constantly reading new material and allowing their outlook on cryptocurrency investing to mold around new information amassed after countless grueling hours of technical reading.

On that note, you get the best of both worlds. By conducting some research and doing it right, you’ll be able to save yourself plenty of time by selecting the best content out there to mold your very own viewpoint and as a result, method of trading cryptocurrencies. So go, grab yourself a copy from an author whose story resonates and whose content seems to be relevant to what you’re trying to achieve.

The Best Ways to Learn Cryptocurrencies

Although books are not the only way forward, they have some distinct advantages. Reading involves less distraction (if you leave all electronic devices on the side) and give you that awesome rugged feeling of paper in your hand. Anyhow, aside from books, there are countless other sources from which you can learn cryptocurrency trading for beginners.

Here are a few to give you a perspective of the range of sources:

Limiting yourself to a single learning source is knowledge suicide. Nothing beats a wider perspective when learning about a topic. Our brains have the wonderful ability to take in large quantities of information, so it is most beneficial to learn as much as possible and let your brain do the sorting. There are many benefits to using multiple learning platforms. Think about it.

You can’t exactly cycle and read a book, can you? A simple solution for learning while cycling, for example, would be listening to a podcast. That 20-minute bike ride will go quickly and you’ll listen to 20 minutes of cryptocurrency related discussions. Congratulations, you’ve just done 40 minutes of activity in 20.

Moreover, the internet offers outstanding learning opportunities that are even free (in most cases). Whether you’re reading the technical whitepaper of an up and coming crypto project or taking advantage of one of many free e-learning platforms, you are opening doors with new waves of quality comprehension.

Books Are Incredible, But Don’t Limit Yourself

I’d like to reiterate a point I raised earlier about diversifying your study materials. Do not – I repeat: DO NOT rely on a single source of study or reference. You could be the most profitable trader in the world, but if you fail to keep up with market trends, correct research methods, and up and coming competitors, you run the risk of getting left behind.

I personally recommend that you create a list containing your current reference points, whether they’re books, websites, e-learning programs, or YouTube videos. Have this list in your pocket, phone case, or wallet at all times and don’t be afraid to amend it. If you find something new and realize another source has done its job, move on. If you don’t like it, replace it again or go back to what you had before. As long as you take it with a pinch of salt, introducing yourself to a new perspective can only help.

Now that you have a handful of cryptocurrency books to get started with, go ahead and read reviews of these books. Of course, don’t neglect the free information available online. We have curated lots of FREE content that you can check out now, or you can explore out start investing guides to dig deeper.

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