At Sharenet, we believe that continually investing in your financial education is key to ongoing success. We like to keep you updated with great courses, workshops and books to read that will refresh and build your knowledge of investing.
So whether you’re interested in cryptocurrency, reviewing the basics of investing, or teaching your kids to manage their finances wisely - there’s something for everyone in our list of top 10 books to read in 2018.
#1: CRYPTOCURRENCY By Michael Horsely
The Complete Basics Guide For Beginners. Bitcoin, Ethereum, Litecoin and Altcoins, Trading and Investing, Mining, Secure and Storing, ICO and Future of Blockchain and Cryptocurrencies.
This book covers all the basics that you need to know about cryptocurrency: what it is, how it came into being, why it is important, what its impact can be, and how it can be used (and is currently in use). If you’re thinking of investing in cryptocurrencies, this book is a must-read before you start.
#2: Principles: Life and Work by Ray Dalio
This book is a no. 1 New York Times bestseller for good reason. It’s written by one of Time Magazine’s 100 most influential people in the world - an average, middle-class kid who grew up to create a company named by Fortune as one of the five most important in America. In his book, Dalio explains how businesses, individuals and organisations can adopt his secrets to success. The New York Times describes the book as “surprisingly moving”, and even Bill Gates said it provided him with “invaluable guidance”.
#3: The Lazy Person’s Guide to Investing by Paul D. Farrell
Aimed at procrastinators, the financially challenged, and everyone who worries about dealing with their money, Farrell provides easy-to-understand, actionable investing tips and strategies. The author has a fun writing style that makes this book an engaging read for even the least financially literate of us.
#4: The Elements of Investing by Burton G. Malkiel and Charles D. Ellis
Two of the best financial thinkers of our time, Burton G. Malkiel of "A Random Walk Down Wall Street" and Charles D. Ellis of "Winning the Loser’s Game" teamed up to write "The Elements of Investing," which explains the essential skills and thinking you need to invest wisely. This book is more accessible to the average reader than their other books in terms of being lighter on financial jargon.
#5: I Will Teach You To Be Rich by Ramit Sethi
This book is written for young adults aged 20 to 35, and provides a six-week programme to set you on the path to financial freedom. Not only does the book teach you good habits, it also highlights the importance of reinvesting in yourself and improving your earning power, rather than just managing your expenses. The book explores each of the four core areas of personal finance: banking, saving, budgeting, and investing. Written in a practical, non-judgemental style, Sethi’s main point is automating your finances so you can effortlessly save and invest, so that the remainder can be spent on things you love without feelings of guilt.
#6: Think and Grow Rich by Napoleon Hill
Napoleon Hill’s book was first published in 1937, and analyses common factors of success of rich men of that era, including Andrew Carnegie, Thomas Edison and Henry Ford, among others. Described as the “classic of the classics”, it has sold over 70 million copies across the globe since it was first published, and for good reason. More than just a list of skills or how-tos, this book will help you to develop the mindset you need to become wealthy.
#7: Make Your Kid a Money Genius (Even If You’re Not) by Beth Kobliner
This book is aimed at helping parents of children from toddlers to young adults teach money management. The book covers a range of financial topics and breaks down advice by age group. It’s a useful reference that parents can dip into at different stages as their child grows up. You’ll learn why an allowance may not be helpful when teaching your kid to handle money, and why after-school jobs aren’t always the answer either. Find out the right age to give your kid a credit card, and why giving out a wad of cash can actually be a good parenting move.
#8: The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
The author Howard Marks is the co-chairman of Oaktree Capital Management. In his book he shares his investment philosophy, as well as the keys to successful investment and the pitfalls that can destroy capital or ruin a career, teaching by example using portions of his memo’s to explain his ideas. He covers concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Marks encourages investors to be "contrarian," and explains how to judge market cycles and achieve returns through aggressive yet measured action. Warren Buffet comments: “This is that rarity, a useful book.”
#9: The Intelligent Portfolio by Christopher L. Jones
This book offers practical wisdom on personal investing from Financial Engines, a leading provider of investment advisory and management services founded by Nobel Prize-winning economist William F. Sharpe. The book reveals the time-tested institutional investing techniques that you can use to help improve your investment performance. The author Christopher Jones is Financial Engines’ CIO, and he uses state-of-the-art simulation and optimisation methods to show the results of applying modern financial economics to personal investment decisions.
#10: THE 1% by Jacob Nayman
The subtitle of the book tells you exactly what you’ll find inside: "What The Richest 1% Do With Their Money To Achieve Their Financial Goals And Dreams That The Remaining 99% Don’t!" The book will teach you how to protect your wealth against greedy bankers and volatile markets, and how to leverage market uncertainty to your advantage. You’ll learn how to: create an income-generating asset from your savings; the most effective way to receive benefits from your bank; communicate effectively with advisors; identify the best mutual funds and ETFs; avoid buying exotic financial products; obtain higher gains on your investments; avoid the pitfalls set up by investment companies; and lots more. Study the investment habits of the richest 1%, and discover which ones are right for you.
Natalie Mayer is an independent writer and editor with 12 years’ experience. She has a B.Com in Economics (UCT) and a Master’s in Sustainable Development (University of Stellenbosch) and has worked for a number of high-profile clients, such as the United Nations Educational, Scientific and Cultural Organization (UNESCO), Nedbank, the Sustainability Institute, Counterpoint Asset Management, Pearson Education, and of course, Sharenet - to name a few. Natalie has written and edited research papers, textbooks, print and online articles, and website content on a vast array of topics, including finance and money matters, education, property, social and environmental issues. She is passionate about communication that meets the needs of the audience, and her particular strength is to bring clarity to text.