Stock Investing for Canadians – Review and Giveaway
“The basics of stock investing are so elementary that few people recognize them. When you lose track of the basics or first principles, you lose track of why you invested to begin with.” – Stock Investing for Canadians.
I couldn’t agree more. And this book from the Wiley family may help you out.
Fans and supporters of this site, Wiley, recently sent me the latest edition of Stock Investing for Canadians to highlight and giveaway to one lucky reader.
Before you enter the raffle, here is an overview of some of the chapters and what you’ll learn about:
- Taking Stock of Your Financial Situation and Goals – learn about why emergency funds are important; understand your debt or liabilities; calculate your net worth; analyze your personal balance sheet – even before you think about investing.
- Common Approaches to Stock Investing – this book isn’t about selecting junior mining stocks to trade, although it does have a section about short-term investing = speculation! Rather, consider investing for a purpose: for income; for growth; or both – so that approach is aligned to your personal style for better results.
- Recognizing Risk and Volatility – you’ll learn about market risk, inflation risk, liquidity risk, taxation risk, political risk and your own personal risk – to better prepare you for how and when to invest.
- Investing in Canadian Exchange Traded Funds – for new investors, this is a great chapter to highlight that all ETFs are not created equal, and why these financial products differ from conventional mutual funds.
- Going for Brokers – a solid set of pages about discount brokerages in Canada, their role (i.e., to make money!), how to use them; what makes them different from a Robo-Advisor and much more.
- Investing for Income – you’ll learn about dividends (although you have my site already for FREE!), you’ll learn more about “typical” income stocks like utility companies, Real Estate Investment Trusts (REITs), and more.
- Chapters 11 and 12 – will dive deep into using accounting to choose stocks and how to decode a company financial report.
Beyond the above, you’ll learn about alternative currencies (should you really want to know?!), blockchain, peer-to-peer exchanges and more – although I personally wouldn’t advocate investing this way nor do I do it myself.
I prefer to keep things very simple in my portfolio, to the point of utter boredom.
Stock Investing for Canadians can certainly help new investors learn a number of important investing principles, “the basics” if you will, but it can also inform investors about what to avoid and definitely how not to invest.
Always remember, some financial professionals love complexity. Why? The biggest financial profits are usually derived from the most complicated, sophisticated product sold to the least knowledgeable investor.
Don’t be that person.
Enter to win a copy of Stock Investing for Canadians below and stay tuned to this channel to win other books before I downsize to a condo in the coming weeks.