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4 Best Books to Start Investing in Real Estate

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Rich Dad Poor Dad

Rich Dad Poor Dad
Rich Dad Poor Dad

What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

The Book on Rental Property Investing

Rental property investing
Rental property investing

In The Book on Rental Property Investing, real estate investor Brandon Turner has one goal in mind: to give you every strategy, tool, tip, and technique needed to become a millionaire rental property investor―while helping you avoid the junk that pulls down so many wannabes!

The Millionaire Real Estate Agent

The Millionaire Real Estate Agent
The Millionaire Real Estate Agent

“Whether you are just getting started or a veteran in the business, The Millionaire Real Estate Agent is the step-by-step handbook for seeking excellence in your profession and in your life.”
–Mark Victor Hansen, cocreator, #1 New York Times bestselling series Chicken Soup for the Soul

“This book presents a new paradigm for real estate and should be required reading for real estate professionals everywhere.”
–Robert T. Kiyosaki, New York Times bestselling author of Rich Dad, Poor Dad

The Millionaire Real Estate Agent explains:

Three concepts that drive production
Economic, organizational, and lead generation models that are the foundations of any high-achiever’s business
How to “Earn a Million,” “Net a Million,” and “Receive a Million” in annual income

The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

Free bonus content delivered to your inbox immediately after purchasing!The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

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How to perform a 1031 exchange

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In a nutshell, a 1031 Exchange is a swap of one asset for another. Most swaps of assets are taxable but a 1031 Exchange can be tax free.

Generally speaking, when you sell an asset, you have to pay taxes on the gains. If you sell an investment property, pocket the profit and dump it in your savings account, you will have to pay taxes on any gains. This is obviously a mistake if you intend on buying another property shortly thereafter.

In a 1031 Exchange, you can avoid paying taxes on the gains if you swap the real estate property you just sold for another like-kind one within the designated timeframe specified by the IRS as long as you never have direct access to the cash gained from the sale. The IRS specifies that you must designate a replacement property within 45 days and close within 6 months. You should not receive any cash at all, otherwise, it is taxed.

To perform a 1031 Exchange properly, you need to insert a special clause in the purchase and sale agreement specifying that you are relinquishing the property and will be exchanging it for another one. The funds received from the sale of the property should not go to you but rather to a qualified intermediary of your choosing such as a bank or law firm. The intermediary will handle the funds throughout the 1031 Exchange transaction. You should never have direct control over the funds. You should identify one or several replacement properties and communicate that in writing to the intermediary within 45 days and then close on the property within 6 months of the sale of the relinquished property or the due date of that year’s income-tax return, whichever comes first. Finally, you need to file IRS form 8824 with the IRS to effectively defer the taxes.

There is no limit to the number of times you can do a 1031 Exchange. You can keep repeating the process as long as you want from one property to another while avoiding paying capital gains.

As always, it is highly recommended to seek professional help from an attorney, tax specialist or accountant since 1031 Exchanges can be very tricky given the strict IRS requirements at a federal level and potential additional state level requirements.

Check out the The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

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Free Property Analysis Tool

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A property analysis worksheet is the most important piece of the puzzle for your property analysis needs.

At least for me, I rely on this template very heavily. All you need to do is input data in the cells highlighted in green. All the rest is automatically calculated. It’s important to get familiar with the formulas. Go ahead and click on them to see how the calculations work.

Reference the properly analysis chapter in the book to learn more and connect the dots.

Free Property Analysis Tool

free real property analysis tool

The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties

The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

 

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How to calculate CAP Rate

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Learning how to calculate CAP rate is easy!

The CAP rate or capitalization rate is the ratio of Net Operating Income to property asset value.

Net Operating Income / Purchase Price = CAP Rate

Suppose the property you’re purchasing costs $120,000 and the Net Operating Income is $12,640, then:

$12,640 / $120,000 = 0.1053

$12,640 / $120,000 x 100 = 10.53%

The CAP rate in this example is 10.53%.

The CAP rate is particularly useful if we purchase the property for all cash. But even when we’re not, it is good to know the CAP rate. A CAP rate greater than 10% is generally considered good. Adjust it to suit your needs.

Check out the The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

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The Controversial American Dream

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What is the American Dream

According to Merriam-Webster, the American Dream is:

“a happy way of living that is thought of by many Americans as something that can be achieved by anyone in the U.S. especially by working hard and becoming successful with good jobs, a nice house, two children, and plenty of money…”

Yes of course, it is indeed true that the U.S. is the land of opportunity in so many ways. But, is buying a house for you and your family to live in so important to achieving and enjoying the american dream?

Home Ownership

Home ownership is the quintessential goal of many americans. It represents the most perfect example of quality or class. Arguably, homeownership builds wealth. Many Americans work hard, save money and put down a down payment to buy a personal residence. The hope is that the house will increase in value. Over time, the homeowner will have more equity in the house. This is achieved with the potential increase in property value and the slow reduction of principal (amount owed) by the simply paying the monthly mortgage payments.

But is your own house an investment?

It is often said that buying your own house is the single most important investment in your life. This assumption is flawed for many reasons. The premise of potential increase in value is not alone a good reason to assume that buying a personal residence is a good investment.

Don’t be disappointed. The house you live in is not an investment!

Yes, real estate values have the potential of appreciating dramatically. But when was this ever guaranteed? Although likely, there is no guarantee that the value will increase! And even if it does, it might not increase enough to outpace inflation and offset the carrying costs and expenses of owning and living in the house.

For the house to be an investment, it must be treated as an investment. You must have complete control over it as a business. This is often very difficult to accomplish in a personal residence because you live in it. Your family lives in it. Your kids go to the schools in the neighborhood. Packing up and moving is far from convenient. The fact that the house increased in value does not really matter if you don’t have access to the cash. For it to be an investment, you must maintain control over the ability to sell and cash out the equity, and use that equity to make more money. Even those who sell and cash out the equity often end up upgrading and moving to a more expensive house and then repeat the process again and again and again. This could increase wealth but only in one single property that is a money pit left right and center.

And even if you borrow money on the house by leveraging a home equity line of credit (HELOC) or by refinancing, it still does not matter. None of these strategies change the fact that your house is still not an investment. It doesn’t change the fact that the bulk of your hard-earned money is still trapped in the house. The HELOC is also more debt acquired that you have to pay off with interest. What if the house drops in value and you end up underwater owing on it more than its market value? Refinancing is also overrated because it does again reset the amortization table and puts you in a position paying a ton of interest while pushing the payoff date of the mortgage to another 15 or 30 years down the road. This is the definition of insanity!

The house you live in is nothing but a glorified savings account, at best!

Your own house is a liability

If you live in the house, then it is not an investment. Instead, it is a liability.

This is controversial and not everyone agrees. But think about it. If the house is costing you money and not making you any money, then how can it possibly be an investment? Let’s set the terminology aside. Suppose you insist on labeling your own house as an “investment”, how can it possibly be a good investment? How can it possibly be the best place to invest your money when you can achieve higher rates of return on your money by buying rental properties?

Owning a house costs money, lots of money. The bigger and more expensive the house is, the more money it will cost you on the long run. All that, is just to live in it. All the house is providing you with is shelter.

Not only do you have to set aside a large down payment to buy the property, but you also have to make the mortgage payments, pay real estate taxes, insurance, utilities, repairs and maintenance. You can’t forget to account for the expenses of costly repairs that will most definitely be needed over the long run. Sooner or later, you will need to replace the roof, heater, HVAC system, windows, flooring and appliances. How about that bathroom or kitchen remodel you’ve been thinking about? Add all these up and you’re looking at tens of thousands of dollars.

It’s easy to justify these costs because, after all, you live in the house. No one is disputing the necessity of these expenses. No one is suggesting ignoring a leaky roof and settling for a water bucket. The house provides shelter. It needs to be safe and comfortable. But this gets back to the main point that the house you live in is not an investment. It costs you money and doesn’t make you money; therefore, it is a liability.

Check out the The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

Let’s talk numbers

Wait, there is more! It is bad as it is that the house you live in costs a lot of money to upkeep. But it gets worse. Let’s hammer the main point again that your primary residence does not generate any cash flow.

It is very important to distinguish between your primary residence and an investment rental property. When you invest in a rental property, you expect it to make you money. You expect monthly cash flow from the property in the form of rental income. This is the cash flow that is completely non-existent in your primary residence. Why in the world would you dedicate most of your energy towards an asset that does not generate income?

Your own residence

For example, you buy a house for you and your family to live in for $200,000. The specifics of financing don’t really matter. But The point is that you will be sinking $200,000 plus interest of your own hard-earned money in one single address over the long run.

Suppose you put $40,000 down and finance the remaining $160,000 at 4% for 30 years. You would be looking at a total of $114,991 in interest and $96,000 in taxes and insurance over 30 years. This assumes that you stay put in the same place and don’t refinance. If you move and upgrade to a bigger and more expensive house, the situation deteriorates exponentially especially when it comes to the debt cost. Every time you start back at the top of the amortization table, you start to pay much more interest and less principal again. It’s a never ending vicious cycle.

Continuing with the same assumptions, now we’re looking at the total of all payments being $410,991 over 30 years.

We arrive at this number by adding:

$40,000 down payment
$160,000 principal
$114,991 interest
$96,000 taxes and insurance

Wait, there is more! Let’s assume that you replace the roof, HVAC, heater, a few windows, and appliances. We all know that appliances are not going to last more than 10 to 15 years. So we will assume that they all will be replaced just once for the sake of not making this example overly aggressive. And, do you think you will settle with that old kitchen or bathroom for 15 or 30 years? It’s unlikely. Let’s factor in only $15,000 for remodeling budget which is extremely conservative.

When it’s all said and done, you will be looking at a minimum of $42,000.

At this rate, the total cost of owning and carrying the costs of your own house will certainly exceed $453,000. All this is just for a primary residence that is making you no money at all. Even if the property increased in value, it doesn’t matter because all that money is still trapped in the property. You have to borrow money on the property, refinance or sell it to have access to that cash. And plus, the appreciation is not even guaranteed to keep up with inflation in the first place. The market could crash. The economy could tank. A lifelong worth of hard work could remain trapped in one single address.

Investment Properties

Going back to the property analysis chapter, we learned that investing $24,000 to buy a $120,000 rental property could yield $7,140 in annual cash flow. Think of the magnitude of the strategy differences between arguably wasting $410,991 of your own money on your personal residence compared to investing at least part of that money over time in rental properties.

If you manage to buy four properties, you will be cash flowing $28,560 yearly while the rental income from the tenants is effectively paying down the mortgages on the properties for you over time. You will be running a business and increasing wealth exponentially compared to having all your money stuck in one personal house with no other sources of income.

You can set aside the income earned and use it to buy even more properties. But let’s assume that you stop at just four properties. Stretch that income over 30 years, and you will be looking at a minimum of $856,800 in cash earned from just those four rentals. This doesn’t even take into consideration increases in rental income or the priceless fact that the properties will be completely paid off in 30 years as well. This is a total of $480,000 in equity.

So what

So what are we really suggesting here? Are we saying that buying a personal residence is a big mistake? Not always! Are we saying that renting is the smart way to go? Maybe! The answer is very difficult and varies dramatically based on the area you live in, your family needs, your investment strategy and your financial goals.

If you are working hard 9 to 5 just to spend your money on mortgage payments and car loan/lease payments, then you are wasting your energy! It is certainly wiser to dedicate your financial energy towards assets that make you money such as investment rental properties that produce monthly cash flow. This strategy could lead one day to financial independence.

You could get to the point where the rental income exceeds your job’s salary. You could even buy more properties and use the income to cover the rental costs of the house or apartment you are renting. You could then revise your plan and decide to buy your own house. But at this point, you have assets producing income that can help make the mortgage payments of your own house. Now you are no longer fully dependent on your job’s income! You can finally hop off the hamster wheel! You are financially independent.

The general piece of advice here is to avoid dedicating large chunks of your hard-earned money to your personal residence whether it’s owned or rented. Renting certainly gives you the advantage of mobility. It’s easier to move without having to worry about timing the sale when the market is hot. You won’t have to worry about repairs, maintenance or remodeling when living in a rental. You can simply choose another more modern rental to move to. You can do this while investing in several rental properties. What’s wrong with living in a rented house or apartment while working on owning and renting several other properties?

You can build wealth by owning rental properties. You don’t have to buy your own!

There is one exception to be noted. If you buy a duplex or a large enough house that you could rent half of it, then the case can be made that the house is an investment, at least partially. But other than this, it remains important to acknowledge the facts and accept the reality that your primary residence is not an investment.

The american dream should be about seizing opportunities where found. It should be about doing well and achieving wealth. It does not have to involve buying a house to live in.

Buying a house to live in and upgrading three times in a lifetime is the american dream of american banks. It should not be yours.

Check out the The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

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No! You cannot afford it!

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Can you afford it?

It’s the question that you ask yourself every time you want to buy or lease a car. It’s the question and dilemma that everyone faces when buying or renting a house. The same applies to other purchases, big and small. You often ask yourself if you can afford to make the purchase. The real answer often is: No! You cannot afford it! Despite that, you make purchases and take on financial commitments that you can’t really afford!

The concept of affordability is flawed!

What does it really mean to afford something?

Let’s define “Afford”

Afford: have enough money to pay for.
“the best that I could afford was a first-floor room”
synonyms: pay for, bear the expense of, have the money for, spare the price of
“I can afford a new car”
  • have (a certain amount of something, especially money or time) available or to spare.
    “it was taking up more time than he could afford”
  • be able to do something without risk of adverse consequences.
    “kings could afford to be wrathful”

The Illusion of Affordability

As you can see in the definitions, the common definition of affordability is having enough money to pay for something. This can be a dangerous illusion that leads many to misinterpret and misunderstand the meaning of affordability.

Assessing the affordability of an item should not be based solely on your buying power ability

You think you can afford it because you have enough cash to pay for it. You have $50,000 saved up; therefore, you you can afford a $50,000 car.

You think you can afford it because your credit score is great and can borrow money to pay for it. You have $10,000 saved up; therefore, you can get a $40,000 car loan and buy a $50,000 car.

You think you can afford it because you make enough money to pay for it. You earn $5,000 a month; therefore, you can afford the $600 monthly leased car payment.

You think you can afford it because you have a great good-paying job. You earn $5,000 a month; therefore, you can easily afford the $3,000 monthly mortgage payment.

Slow down! All three examples above can be extremely irresponsible if your understanding of affordability is solely based on your ability to pay for whatever you decide to spend your money on.

If you can pay for it, it does not necessarily mean that you can afford it

The Maturity Curve of Affordability

Maturing your understanding of affordability pays dividends in the long run! It positions you to better assess your true ability to spend money.

Understanding affordability cannot happen in isolation. You will need to think about your goals in life and specifically your short-term and long-term financial goals.

  • Are you saving enough money for retirement?
  • Are you maxing out your matchable contributing to a 401K account?
  • Do you have enough cash set aside in an emergency fund?
  • Are you investing in other assets such as stocks or real estate?
  • Do you plan on paying off your mortgage early?
  • Do you plan on retiring early?

All these questions need careful pondering. Whichever conclusion you come up with needs to be factored in when you are assessing your true ability of affording things in life.

Affordability is an illusion that needs redefining

Suppose you bring home $5,000 a month. You have a mortgage payment (for better or worse in an effort to achieve the controversial american dream) of $2,000 and the rest of the necessary expenses (bills, clothing, groceries, etc.) amount to another $2,000. This leaves you with $1,000.

Does this mean that you can afford to spend $500 on leasing a car and $500 on eating out? Definitely, not! The reason is obvious. There is no money going to savings every month. There is nothing being invested in the stock market. There is no money being set aside for emergencies. How about buying a rental property that makes you money every month?

A more responsible and mature method of evaluating affordability has to take into account budgeting for non-expenses. Budgeting for investments instead of liabilities can some day lead you to financial independence.

Assessing affordability should include budgeting for investments

That $1,000 you have left should perhaps be dedicated to saving $200, investing $400, and the remaining $400 can cover a $200 car payment and $200 on eating out. This is not a perfect recipe. Perhaps a better way is to own an older very reliable car and not even spend anything on car payments.

You can’t afford to misunderstand affordability

affordability curve

So What?

No matter how you choose to allocate your money. The point remains that the concept of affordability should not be diluted to just the ability to pay for something. Instead, it should include the big picture of growing wealth, preserving wealth, and potentially getting off the hamster wheel and becoming financially independent before the ever-increasing age of conventional retirement.

Think about this the next time you walk into a car dealership or the next time you’re itching to buy the latest smart phone. Better yet, think about this the next time you contemplate investing in real estate. It can be good for you. It can be better than wasting money on possessions that don’t make you money.

Liabilities don’t make money. Investments do!

Don’t let your misguided understanding of affordability keep you trapped on the hamster wheel.

You cannot afford to not gain your financial independence!

Financial independence is priceless!

Learn more about getting started in Real Estate Investment below:

The Ultimate Beginner’s Guide to Buying Real Estate Rental Properties.

Free bonus content delivered to your inbox immediately after purchasing!The Ultimate Beginner's Guide to Buying Real Estate Rental Properties

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Best Books for Stock Market Investing

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According to wikipedia, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate. Some factors play a role for success like desire and hunger. To achieve the first step you need to understand the rules and learn some tips and techniques from the people who exceeded the expectations and made history. Become a hungry reader and discover the success stories of the people who made a drastic change in market investment. Here are the best books for stock market investing. Don’t forget to comment below to let us know what you think.

Check out the links to the Best Books for Stock Market Investing recommended

  1. The Intelligent Investor by Benjamin Graham
  2. A Random Walk down Wall Street by Burton G. Malkiel
  3. Thinking, Fast and Slow by Daniel Kahneman
  4. The Millionaire Next Door by Thomas J. Stanley
  5. A Beginner’s Guide to Investing by Alex H Frey
  6. Trading in the Zone by Mark Douglas
  7. Stock Investing For Dummies by Paul Mladjenovic
  8. How to Day Trade for a Living by Andrew Aziz
  9. The White Coat Investor by James M Dahle
  10. How to Make Money in Stocks by William J. O’Neil
  11. The Little Book of Common Sense Investing
  12. One Up On Wall Street by Peter Lynch
  13. Reminiscences of a Stock Operator by Edwin Lefèvre
  14. The Only Investment Guide You’ll Ever Need
  15. Market Wizards, Updated: Interviews With Top Traders

The Intelligent Investor by Benjamin Graham

amazon.com
amazon.com

This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions…

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, this Harper Business Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

A Random Walk down Wall Street by Burton G. Malkiel

amazon.com
amazon.com

In today’s daunting investment landscape, the need for Burton G. Malkiel’s reassuring, authoritative, and perennially best-selling guide to investing is stronger than ever. A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. This new edition features fresh material on exchange-traded funds and investment opportunities in emerging markets; a brand-new chapter on “smart beta” funds, the newest marketing gimmick of the investment management industry; and a new supplement that tackles the increasingly complex world of derivatives.

Thinking, Fast and Slow by Daniel Kahneman

amazon.com
amazon.com

Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
Globe and Mail Best Books of the Year 2011 Title
One of The Economist‘s 2011 Books of the Year
One of The Wall Street Journal‘s Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman’s work with Amos Tversky is the subject of Michael Lewis’s The Undoing Project: A Friendship That Changed Our Minds

The Millionaire Next Door by Thomas J. Stanley

amazon.com
amazon.com

The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.

A Beginner’s Guide to Investing by Alex H Frey

amazon.com
amazon.com

Whether you’re a complete investing novice or just confused about all the contradictory advice out there, A Beginner’s Guide to Investing is an accessible guide to growing your money the smart and easy way.

Throw away the get-rich quick schemes that never work and turn off the financial news and it’s constant noise. Whether your dream is protecting your assets in a turbulent market or growing your wealth so that you can retire in style, this book is the blueprint.

You can be a successful investor – really.

Trading in the Zone by Mark Douglas

amazon.com
amazon.com

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.  He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the “probabilities” of market movement that governs all market speculation.

Stock Investing For Dummies by Paul Mladjenovic

amazon.com
amazon.com

The fast and easy way to grow your stock investments in today’s changing market

The changes, events and conditions affecting stock investors since the recent economic crisis have been dramatic. Today’s economic and financial landscape offers new challenges and opportunities for investors and money managers. This new edition of Stock Investing For Dummies provides you with the information you need to protect and grow your stock investments in today’s changing market.

How to Day Trade for a Living by Andrew Aziz

amazon.com
amazon.com

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed.

In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. I’ve kept the book short so you can actually finish reading it and not get bored by the middle.

For beginner traders, this book gives you an understanding of where to start, how to start, what to expect from day trading, and how to develop your strategy. Simply reading this book, however, will not make you a profitable trader. Profit in trading does not come with reading a book or two or browsing online. It comes with practice, the right tools and software and appropriate ongoing education.

The White Coat Investor by James M Dahle

amazon.com
amazon.com

Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection.

This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won’t find in other financial books.

How to Make Money in Stocks by William J. O’Neil

amazon.com
amazon.com

THE NATIONAL BESTSELLER!

Anyone can learn to invest wisely with this bestselling investment system!

Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.

Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:

  • Proven techniques for finding winning stocks before they make big price gains
  • Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
  • 100 new charts to help you spot today’s most profitable trends

PLUS strategies to help you avoid the 21 most common investor mistakes!

The Little Book of Common Sense Investing

amazon.com
amazon.com

The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund  pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well.  This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor.

Bogle has also added two new chapters designed to provide further guidance to investors:  one on asset allocation, the other on retirement investing.

One Up On Wall Street by Peter Lynch

amazon.com
amazon.com

More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.

America’s most successful money manager tells how average investors can beat the pros by using what they know. According to Lynch, investment opportunities are everywhere. From the supermarket to the workplace, we encounter products and services all day long. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them. When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment. A few tenbaggers will turn an average stock portfolio into a star performer.

Reminiscences of a Stock Operator by Edwin Lefèvre

amazon.com
amazon.com

“Although Reminiscences…was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer’s frenzy on the foreign exchange markets.”
Worth magazine

“The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923.”
The Seattle Times

“After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.”
Kenneth L. FisherForbes

“A must-read classic for all investors, whether brand-new or experienced.”
William O’Neil, founder and Chairman, Investor’s Business Daily

“Whilst stock market tomes have come and gone, this remains popular and in print eighty years on.”
GQ magazine

The Only Investment Guide You’ll Ever Need

amazon.com
amazon.com

The Only Investment Guide You’ll Ever Need . . . actually lives up to its name.” — Los Angeles Times

“So full of tips and angles that only a booby or a billionaire could not benefit.” — New York Times

For nearly forty years, The Only Investment Guide You’ll Ever Need has been a favorite finance guide, earning the allegiance of more than a million readers across America. This completely updated edition will show you how to use your money to your best advantage in today’s financial marketplace, no matter what your means.

Using concise, witty, and truly understandable tips and explanations, Andrew Tobias delivers sensible advice and useful information on savings, investments, preparing for retirement, and much more.

Market Wizards, Updated: Interviews With Top Traders

amazon.com
amazon.com

The Investment Classic from Jack D. Schwager, Market Wizards, is back with a brand new, never-before-seen Preface and Afterword from the author!

“I’ve read the book at several stages of my career as it shows the staying power of good down-to-earth wisdoms of true practitioners with skin in the game. This is the central document showing the heuristics that real-life traders use to manage their affairs, how people who do rather than talk have done things. Twenty years from now, it will still be fresh. There is no other like it.”
—Nassim N. Taleb, former derivatives trader, author of The Black Swan, and professor, NYU-Poly

What separates the world’s top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer tis question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders, now in paperback and ebook.

Check out the links to the Best Books for Stock Market Investing recommended

  1. The Intelligent Investor by Benjamin Graham
  2. A Random Walk down Wall Street by Burton G. Malkiel
  3. Thinking, Fast and Slow by Daniel Kahneman
  4. The Millionaire Next Door by Thomas J. Stanley
  5. A Beginner’s Guide to Investing by Alex H Frey
  6. Trading in the Zone by Mark Douglas
  7. Stock Investing For Dummies by Paul Mladjenovic
  8. How to Day Trade for a Living by Andrew Aziz
  9. The White Coat Investor by James M Dahle
  10. How to Make Money in Stocks by William J. O’Neil
  11. The Little Book of Common Sense Investing
  12. One Up On Wall Street by Peter Lynch
  13. Reminiscences of a Stock Operator by Edwin Lefèvre
  14. The Only Investment Guide You’ll Ever Need
  15. Market Wizards, Updated: Interviews With Top Traders

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