Reminiscences Of A Stock Operator + Mutual Funds-Ladder To Wealth Creation (Set of 2 Books)(Paperback, Edwin Lefevre, Vivek K Negi)
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Financial freedom is the ultimate aim for everyone during his life. But it can't be achieved just by earning more & more money. It's a process of strategic investment planning through earning stage of life. Everyone can become rich in later stage of the life by planning his early phase. One penny saved today may earn one penny at regular intervals during long term. The formula of calculating future value of money also takes into consideration the following factors:1. Amount Invested2. Rate of Return3. Time DurationIt says that more you invest more you will get in return. Second more returns means more money. And longer the time duration of investment better returns you will get. We can't control returns we can't invest big amounts but we can invest small amounts at regular intervals over a long period of time. If this amount is properly diversified in different asset classes it can help you to achieve better returns with the security of the money invested. Mutual fund helps you to take exposure of different asset classes and get the best returns.Let's come to a journey towards freedom through this book.,REMINISCENCES OF A STOCK OPERATOR:- is a novel about real-life events that is veraciously fictionalized. Written by American author Edwin Lefèvre in 1923, just years before the Great Depression of 1929, it is one of the most widely read and highly recommended investment books. Inspired by the life of stock trader Jesse Livermore who made and lost fortunes many times over in his career, the book is told in the first person account. Over the decades since its publication, a good deal of market investors in the capital market has been referencing the book as a major source on stock trading.Fortune, the prestigious American multinational business magazine, has listed it among The Smartest Books We Know about business. In the concluding chapter of the book after delving deeply the journey of Livermore, Edwin Lefèvre, however, writes, The experience of years as a stock operator has convinced me that no man can consistently and continuously beat the stock market though he may make money in individual stocks on certain occasions.