My First Financial Read

I finished this book within 2 days! 

Mainly because it's a very short book; not because I suddenly gain the ability of speed-reading.

But what makes this book special, is because I believed this is my first book on financial knowledge.

Previously, most of my financial knowledge and wisdom (however limited it is), is learned from the web from various sources.

To introduce the book first... 

by Goh Eng Yeow

This short book gives rather broad but sound advice on financial investment into the market that you can make, e.g. buying ETFs such as the STI ETF. It cites quite a bit of knowledge from the famous Warren Buffett, and describes the potential pitfalls in the market, as well as when you should 'make your own'.

Note to self: Not sure whether it's in the book, but take note for SPDR STI ETF (ES3) and Nikko AM STI ETF (G3B).

Some pointers to take note of from the book that I like to archive in this post:

• Time and Health is more important than Wealth
• Buy experiences, instead of materials
• Lucky people try hard to add variety to their lives; to create more "chance opportunities" for themselves to get lucky
• Financial Independence is working a financial plan, keeping to it, and sufficiently covering oneself medically
• Buy and hold stocks that one believe will last, instead of stocks that will have a temporary boost
• Observe the daily happenings to understand what industry/sectors are thriving, and will continue to thrive in future
• Low-beta stocks (stocks less sensitive to market movements) are good for long-term investment
• Look for under-valued stocks when the market is not good 
• Be fearful when others are greedy, and greedy when others are fearful
• Fund flows are indicative of market trends
• Cash is king in uncertain times; the opportunity to snap up assets on the cheap when others do not have the mean to do so
• Avoid overtrading, following the crowd, momentum investing, noise trading, and selling the winners and keeping the losers
• One strategy is to top-slice successful investment - sell enough shares to take back capital and some profit, but still have some shares left to make potential further gains

That's it.

I think I need to buy a new book.