I have found another personal finance book entitled “Build Your Own Mutual Fund” written by Brian O’Connell published by Adams Media (Avon, Massachusetts, USA). The full title of the book is Build Your Own Mutual Fund: How to Use a Personal Portfolio to Take Control of Your Financial Life. The title of the book talk itself. Don’t be confused, the book can’t teach you how to invest in mutual funds. It is about stock investing. Update: I include this book as one of the best personal finance books.
Do you know that even only in reading personal finance books, you can learn financial literacy? That’s true, I discover investment through books (I didn’t attend seminars). My experience is I follow every steps and procedures provided in the books I read. Example; if the book recommends stocks for 20 years old. I opened a stock brokerage account and start buying stock shares.
Why it is entitled like that? It is because, there is a mutual fund type called “mutual fund equity” where in the funds of the investors are invested purely in stocks. Therefore, you don’t need to invest in mutual fund equity if you are planning to invest in the stock market.
The Death of Mutual Funds? Brian O’Connell is a Bucks County, Pennsylvania writer with ten books to his credit. A former Wall Street bond trader, he is married with three children.
Build Your Own Mutual Fund by Brian O’Connel – Best Investing Book
The “Build Your Own Mutual Fund Book” has twelve (12) chapters and it includes;
- How Folios Work
- Taking Your Financial Inventory
- Stocking Up
- Risk and Diversification
- What Should Your Personal Mutual Fund Look Like?
- Building the Perfect Portfolio
- How to Trade in Stocks?
- When You Need a Little Help
- Doing Well by Doing Good: Socially Responsible Investing
- Fifty Ways to Build Your Mutual Fund
- Will Folios Surpass Mutual Funds?
Plus, a investment terminologies written in the book. I have learned many things in this book. I may say this is a recommended book for those beginners who are hoping to succeed in stock investing. The book will guide you and teach you stock investing. I have learned the risk of owning a stock, how do companies go public, the secret of stock ownership success, the types of stocks and I have learned what are stock options.