Given a reasonable time horizon and if you follow right principles you have, by historical standards, no chance of losing money.
Read about 'Wise Money'
Grab a Good Book
Let's speak the same langauge
Watch three movies explaining how average people reach Financial Independence
How The Average Joe Can become Millionaire
9 Steps To Transform Your Relationship With Money and achieve Financial Freedom
If not, learn why you shoud consider it
In 2007 by John C. Bogle, the founder of Vanguard wrote a book summarizing his investing philosophy. In essence, the advice is simple: invest in a broad market index fund and hold for the long term. A year later, Warren Buffett, the Oracle of Omaha, threw down the gauntlet to his friends over at the elite hedge funds. The challenge? He stated that, with all their genius and intellectual firepower, hedge fund returns could not beat the returns given by the humble S&P 500 Index Fund over a nine-year period. The consideration? A mere million dollars. Warren won, you can too.
Grab a Good Book
You can also grab a book to get familiar with key investing concepts. We have reviewed the most relevant for you and rated the books based on the following criteria:
– Being Beginner-Friendly
– Being centred on helping you become Financially Independent;
– Explaining how to benefit from the Stock Market intuitively
– Tackling personal finance know-how
– Providing an introduction to local Investment Funds, Products and Portfolio Construction.
