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Alcander Seow
Environmental Engineer Minor in Business at Nanyang Technological University
Hello Senseis & Gurus,
I just found some investment books that my mother used to read, are any of these books suitable for me at my current stage of investment as a novice? (Please see my comments to see the book titles.)
You can refer to my previous question for my details here:
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Alcander Seow
22 Mar 2020
Environmental Engineer Minor in Business at Nanyang Technological University
1) Warren Bufffett & the interpretation of financial statement - The search for the company with a durable competitive advantage
2) Handbook for stock investors by Goh Kheng Chuan
3) A beginner's guide to short - term trading: Maximize your profits in 3 days to 3 weeks 2nd edition by Toni Turner
4) Secrets of Forex Millionaires by CFA, Yeo Keong Hee
5) Secrets of millionaire investors 2nd edition by Adam Khoo & Conrad Alvin Lim
6) Value investing in REITs: How anyone can own multiple real estate ffor a small amount & collect regular income like a landlord every month by Attlee Hue
7) Secrets of Dividend investors: the DIY approach to finding the best dividend stocks by Mark Lin
8) Handbook on Forex trading: an easy guide to profitable currency trading by Nicholas Tan
9) Handbook on CFDs trading: how to make money when the market is up or down by Nicholas Tan
10) Secrets of self-made millionaire by Adam Khoo
11) Online Investment made east: 5 simple steps to profit
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Simple answer would be: ask your mother has she benefitted from the books.
longer answer: since you are leaning towards ETFs, robos (stashaway) and REITS, the books you have are pretty much useless. most of them are about learning how to stock picks and about short term trading. not at all aligned with your investment style.
most important aspect of investing through robos is that you believe in their investing methodology and the index will go up over long time. Most robos are already investing in ETFs and REITS portfolio. just go along with them.
Therefore, in your case, you can just read those books for fun and to kill time.
but personally I will avoid #4, #5, #6, #10. Reason being, they will give you the false hopes that you be a successful stock picker and become filthy rich. If your will and mind is not strong enough, there is chance of falling into their course selling trap. Warren Buffet books are good for knowledge. But again, if you want to invest thru robos, no need to know the underlying financial statements. If you want to expand your knowledge of finance, books on Warren Buffett, Charlie Munger, Peter Lynch, Benjamin Graham and John Templeton are timeless. Good for investors as a whole.
However, also be careful. There are, imo, cheats who abuse the name of these great men.
The other books by Goh, Mark and Nicholas, never read before. So no comments.
Hope this helps.