Sunday, July 13, 2014

Investing In Myself



Cost of books: $143.60

Cost of shipping back books: $37.79

Value of knowledge gained: Priceless

Okay. so that feels like a cheesy commercial rip-off from MasterCard. I just wanted to let people know that I went to Amazon and purchased a few books from there! I ordered them from Amazon and I got it shipped back by vPost, it only took about 2 weeks for it to arrive after ordering!

I spent about 2 weeks reading up about book reviews for personal finance and investing, and after going through a massive amount of a choices, I narrowed down my choices to just these few books. Sure, there are a ton of "must-read" books out there, but I think that after already reading some of the basics (of course, Ben Graham), I wanted to learn specialised knowledge on certain topics. Hence, I decided NOT to get all the typical books that tell you the plain conventional wisdom over and over again.

Why don't I just read about information I want to know online? I already do! But I want to be specialized in a few topics and know them also from the perspective of experts in the real world. An article does not give you the similar kind of depth of knowledge, and also does not give you a feel of the important points that an author is trying to stress. Reading it in a book, it is usually easier to spot the emphasis.

Why don't I just buy and read the e-book instead? Well, I know that quite a few of these books should be coming with graphs and tables, and I have encountered layout problems when reading them in the e-book form. In that sense, I prefer to only read storybooks with my Kindle!

Why don't I just go to a local store and buy the books there? That did cross my mind, and I did check out some of the local stores, but honestly, the range of titles were not good and the prices weren't good either. The REIT book alone would've cost $50!

Over the next few weeks, I will slowly devour each book and write a small review of the book, as well as my personal takeaways from the book. At the end of the day, I hope I can slowly collect a good range of books that are timeless classics, which I can point friends towards if they seek sound financial advice.

Will this be a good $180 investment in myself? Only time will tell!

With that, I will end of with a quote before I head back to my books!
"It is what you read when you don't have to, that determines what you will be when you can't help it" - Oscar Wilde

2 comments:

  1. Hv u heard of the book despository? Free shipping worldwide. Decent prices.

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    Replies
    1. Dear pf,

      Thank you for your comment! I checked out the website and new books are really very reasonably priced! I will definitely compare prices from here the next time I am deciding to buy more books.

      Amazon was good for me because half of the book I bought were used books, so some were really dirt cheap. "Unexpected Returns" was just 6.20 USD with US shipping!

      MH

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