SIMPLYMUTUAL : The 1% Formula
By Deepak Mullick
This is about everything that one needs to know about building wealth through equity investing.
If you are into your youth and still donot know how to become financial more strong and gain financial freedom by an age this is a book to start from that will benefit you immensely.
I personally found this book very insightful as it is backed by facts, information, years of references, simple yet mindful illustrations, tables and charts based on market research data and authors own advice.
Many of us who are still novice and ignorant about this arena of economy for them these topics may come out to be heavy and confusing and can scare us letting us never enter into it and take mindful desicions. But if one wants good stability in their finance, equity and MFs prove to be essential to invest in and useful in long run as well.
First of all author explains how he gained financial freedom at 45. Later he explains one doesnot need to be finance expert to get success. Later he takes us through what is his 1% formula.
One by one he guides us about investing in equity through mutual funds. If one reads this book they can get better understanding of the India opportunity and how long it will remain, get right perspective on share market, understand emotional hurdles and mistakes on the way and gain insights on how to benefit and learn simple techniques to build wealth and create their own salary pension stream for retirement.
I recommend it to all.
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Have you read any finance based books? If not, go for it.