Classical Economics states that we are rational decision-makers. But we have proved it wrong, haven’t we? This is particularly true in investments where many people have shown nothing short of absurdity. This absurdity has brought in a popular concept called Behavioral Investment.
The Internet has provided us an easy way to learn about finance and investments. But if you want to get an in-depth analysis, then you will have to Read a Book. The advice from well-experienced financiers will go a long way in defining your financial plans. So, learn about their core principles before you put your own money on the battlefield. 1. Rich Dad Poor Dad (Best Book for Beginner)
Planning for investments isn’t a one-time activity. Once you start investing, you will have to adjust your portfolio, depending upon your age. While you can afford to take great risks early in your career, the same might not be possible over time. So let’s learn about the procedure with which you can maximize benefits across your lifetime.
The term Investing has been gaining popularity more than ever, and for the right reasons. This is the time for you to learn about investments! If you don’t invest, you are missing a lot of opportunities to make your money work for you. If done properly, the potential to gain from investments is much higher than the potential to lose. I started to learn about investments from 2018, and I have to tell you - this is the best thing I have got into.
The world is once again turning into a capitalistic one, increasing the need for investments more than ever. People are looking for investment gurus to learn from, hope to replicate something similar. These investors differ in their sectors. But, the results are all too similar - successful with their investment strategies.
What really is money? Why is it so important? Why are the schools not teaching us about it? These were a few questions that went through my mind while thinking about money. In layman’s terms, money is any item that is generally accepted as payment for goods and services. Despite its significance, it’s a term neglected throughout our school time. Most of us don’t understand its importance until we start our jobs.