Greetings and Salutations,
It's quite important for young professionals/millennials to start investing early in their career.
A absolute reason being is to obtain the power of compound interest.
Meaning by holding long-term investments, one can allow his or her assets to generate more returns. Investing just a few years earlier could translate into tens of thousands, if not hundreds of thousands of additional funds for your retirement nest egg.
Think of the young person who might have bought into the financial crash of 2008 when blue chip stocks like JPM were had for under $10 usd.
Or that person who mined Bitcoin back in 2013...and kept it.
You'd say both were 'lucky' events which benefited the person because he was there.
Perhaps,but one can succeed economically in life...based on those type of events with a bit of savvy.
Knowledge.
These books will give you a clearer picture in the world of investing ,which can be vague & hazy if you base everything on CNBC.
Or YouTube
Though in no specific order...here they are.
"Rich Dad, Poor Dad" (2000) by Robert Kiyosaki
-"The Intelligent Investor" (1949) by Benjamin Graham
-The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns-John C Bogle(2009)
-Thinking, Fast and Slow by Daniel Kahneman(2011)
Each book has a unique style to it.
Each writer gives you a different perspective towards investing.
And yes...learn to invest before throwing all your fiat into crypto currency.
If you know how to invest....it becomes a level playing field when looking into different types of coins/technologies to invest in.
Now i know one person will say what no Warren Buffet?
He, i will go in detail in another post as to his specific style of investing
His style of investing i believe is much more fascinating than his books...but thats me.
I hope this helps you all.
Thank you for taking the time to read my 1st ever blog post here.
If you like this post,do let me know if there's any specific topic (crypto/stocks) or investing style you'd like me to discuss here.
Cheers,
H.