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Book Review: Money Wise
Chapter 1 is about fundamental concepts of money and investing, that you would think are common knowledge and will be intrigued to find that they aren't. I certainly am.
Chapter 2 is all about Mutual Funds
Chapter 2 gives a neat recipie for investing in MFs, but you will not find it in this review, please read the book :) This chapter has a nice conversational style and discusses real-life examples, as well as interesting pieces of history of mutual funds like UTI, from which there is a lot to learn . At the end of it, you will certainly be highly knowledgeable about MFs and will also be able to decide how you want to invest in them. I hope all readers finally learn why monthly dividends from MFs are pointless!
Chapter 3 puts it all together to suggest a practical approach to investing
Chapter 4 has all you ever wanted to know about stocks and how the various players of this world look at them and act on them. There is a whole section on a bunch of things to watch out for.
Chapter 5 has a cute mythological story retold to help drive home the point - don't get suckered! And oodles of golden advice on staying safe in the markets. And very interesting takes and anecdotes on some of the current moneybags stories, including the crypto craze.
Overall, this book is a must read for every Indian investor and not just the beginners and the young. With this book, Deepak continues to inform his audience as he has done for past many years through various fora. Given that there are so many good books on investing already, it's Deepak's genius that has found a layer that is not generally touched upon much by other books and has addressed it so well. Once you read the book, you will agree with me, go buy it! :)
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