Please note:This audiobook has been generated using AI Voice. This is a companion version & not the original book.
Sample Book Insights:
#1 Everyone invests. From the stockbroker on Wall Street to the assembly line worker who skips breakfast every Friday because he runs out of money before his next paycheck, everyone invests their time, effort, and attention in what they find important.
#2 There are three main reasons people invest: to build wealth, to support a family, and to prepare for retirement. investors who are focused on building wealth tend to concentrate more on the near future, while those who are focused on supporting a family typically invest in order to accumulate enough wealth now to afford a house in a good school district.
#3 Expecting too much from your investments can lead to disappointment. While large company stocks have averaged annual returns of 11. 8 percent over the last 87 years, stocks of small companies have delivered a 16. 5 percent average return.
#4 The investment mantra is simple: risk and return are inversely proportional. The more risk you take, the greater your chance for a high return or a big loss.