As you know, part of a good Financial Plan, would include having instruments that help you to
1. Make your money work harder (not you working hard to make the extra dollar) so that you can achieve your goals faster and having adequate savings for your retirement
2. Beating the inflation (when the price of a certain good increases by a X%, the interest rate on your savings/investment account is more than X%, that’s beating inflation)
There are common methods to help you achieve the above like Investment-Link Plans (through Insurance Companies), Investing into Unit Trusts (through Financial Institutions or Brokerage Firms) or through Stock Trading (On your own and Trading like Warren Buffett).
And for the purpose of this post, I would like to recommend the method of Stock Trading with the introduction of two books, that I have personally read, that would help you to learn the Basics of Stock Trading.
These two books are :
- Ho Kok Mun’s How To Make Money From Your Stock Investment Even In A Falling Market
- Adam Khoo & Conrad Alvin Lim’s Secrets of Millionaire Investors