Stocks To Riches By Parag Parikh !FULL! 📁

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Stocks To Riches By Parag Parikh

the book by gautam baid is a concise and lucid exposition of stock market basics with an underlying thread to a trader’s psychology. although there are many books about stock market, this book stands out due to the fact that it is a book on stock market that a trader’s mind can actually absorb and enjoy.

intrigued by these pertinent questions, parag parikh, a seasoned broker and expert, took up this daunting task of understanding and demystifying investing in the stock market. [stocks to riches] is the distillate of his experience. it simplifies investing in stocks and provides key perspectives for a lay investor venturing into the market. at the end of the day, it helps the retail investor reduce mistakes by following the time-tested and proven guidelines provided in the book. a must read for brokers, analysts and retail investors.

if i were to rephrase the title of this book, “how i became rich and what i did to get there”, a more accurate title would have been “financial wisdom”. this is the book for those seeking the same. the book goes through various phases of the money cycle, including accumulation, disbursement, refinancing and distribution. it discusses in details about the key money cycle phases and the consequences associated with it. most of the readers would have read dalbar’s study, but it is nice to have the simple explanation.

each of the eight topics in this book is beautifully explained from the traditional finance view point. the book provides you with tools to re-assess the reason why you are invested in some stocks. this is a very practical book for those interested in buying, selling, preserving and maximizing their assets.

the book is organised into eight chapters. in the first chapter, parag parikh explains the concept of investing with the help of an investing example and provides a clear understanding on how to invest. following this he has discussed speculative investing, analysis, and portfolio management.
chapter two talks about the importance of having the right attitude while investing. parag parikh explains how to invest in india with the help of an investing example. following this he has discussed investment decisions such as asset allocation, portfolio diversification, stop-loss rules, market timing, and timing the market.
in the next chapter, parag has covered the concepts of the efficient market hypothesis, rational expectations, and market efficiency. he has argued that the market is efficient and market prices reflect all available information. therefore, it is very important for investors to keep their own expectations in check and avoid making assumptions or predicting the future based on a few scattered facts.
in the next chapter, he has talked about the importance of diversification. he has explained that in an efficient market, diversification reduces risk. he has explained how diversification helps investors protect their portfolios from the risk of any particular asset. he has also discussed the concept of a smart diversification. in this, he has explained that investors should not invest in too many stocks.
parag has also discussed the concept of asset allocation. he has explained that any investor should have a balanced portfolio with stocks and bonds. he has also explained how to allocate the money in stocks and bonds.
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Stocks To Riches By Parag Parikh !FULL! 📁

Stocks To Riches By Parag Parikh !FULL! 📁

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