Due to the current circuit breaker, many individuals are looking for productive ways to pass the time. At the same time, there has been increased interest in investing giving the recent market volatility. As we've recommended many times before, it is important to give yourself as much background knowledge as possible before investing your hard earned money.
Sam Rhee - Chairman & Chief Investment Officer, EndowusThe Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle.Typical Price: S$28-S$30 Rhee also emphasises the importance of the book's subtitle."It refers to the tragedy that 'the miracle of compounding returns has been overwhelmed by the tyranny of compounding costs". People want to be a hero and boast about outsized returns on a few of their investments, but just lowering costs could be the fastest way to investment success if you can have a long term focus and have globally diversified market exposure to take advantage of the power of compounding returns.
Kay Van-Petersen, Saxo Markets Global Macro StrategistRichest Man in Babylon by George Samuel ClasonTypical Price: S$14-S$20 Ms. Fischer's pick, The Big Short, tells the story of the housing bubble of 2006-2007 in the United States, which led to the financial crisis of 2007-2008. Fischer appreciates the lessons from the book, especially the lessons it teaches to aspiring traders. In her words,"Know your instrument, and study the instrument and understand basically what it entails and everything that comes with it".
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