“A Beginner’s Guide to Investing: How to Grow Your Money the Smart and Easy Way” seems like a long title for a book that pretends to be simple and quick to understand. Yet, the title of this investment book might just reflect the reality. Have a look at the financial investments books that are on the market – most of them are either too complicated (take for example Tirole’s “Theory of Corporate Finance“, where lots of financial maths are involved), either too vague (for example Fisher’s “The Only Three Questions You Need to Ask“). Starting from this point, the authors of “Beginner’s Guide to Investing” (Alex Frey and Ivy Bites) thought to create an accessible investing guide, without many frills and with essential data within.
What differentiates “Beginner’s Guide to Investing” from other investing “how-to” books is the personal approach. THis is an investing book written with two thoughts in mind:
– applicable from the very first page;
– understandable for the beginners and medium level investors.
Whilst browsing “Beginner’s Guide to Investing”, I was positively impressed by the large amount of practical and common sense advice you get from its pages. For example, the “herd movement” of the money (selling stocks just before the start of a bull market or buying those before a crash) is a well known pattern for the seasoned investors. Yet, I think it is worth even for those experienced investors to have a shortlist of such investing principles revisited from time to time. Take it like a “financial code of behaviour” list – which could help you avoid costly mistakes.
The marketing of “Beginner’s Guide to Investing” is not aggressive – another positive point. The chapters are quite topical and interesting, ranging from “How to double your money every seven years” to “Managing for the long-term with a sandbox (and a lockbox)”. The chapters are specifically drawn as lessons of financial literacy, which also comes in handy when you are a beginner investor.
The drawback of the book is that for the mid-level or experienced investors “Beginner’s Guide to Investing” is not more than a recap sheet of well-know facts and figures. Even so, for a price of approx $7 it is worth revisiting the basic investing skills. I did so and was happy to be reminded some truths about our financial lives.
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