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Investment, in all of its different forms, is the ultimate theme of life. We think about investing in our education, our health, our businesses, investing in our children and in our careers. We also think about investing our money, the very thing that these letters are about. Investment - in all of these contexts - is interesting because it is always about the future. We do not invest for the past or even for the present - that is a ridiculous notion. We always, in whatever way we are thinking of, invest for our futures. "Live like you might die tomorrow; invest like you will live forever." In a nutshell, Martin Hawes' investment philosophy is: Invest - do not become a trader or speculator; Buy value - the worth of any investment is established by its income; You can time the market - there are cycles which can and should be played to your advantage; Be very careful when borrowing to buy investments - gearing is a double-edged sword; Have very clear goals - and take as little risk as you can to meet them; Manage your investments yourself as far as you can - but use managed funds for difficult markets; Never invest in things that you do not understand.
| Author's Note | p. 7 |
| Principles of Investment | p. 9 |
| A history lesson | p. 11 |
| Why invest? | p. 15 |
| First property | p. 21 |
| Work and passive income | p. 27 |
| Knowing your principles | p. 33 |
| A good investment at a good price | p. 39 |
| Save to invest | p. 45 |
| It's about you | p. 49 |
| Ages and stages | p. 53 |
| What price risk? | p. 63 |
| Futurist - top down | p. 69 |
| Nuts and Bolts | p. 77 |
| Compound interest | p. 79 |
| Liquidity and discipline | p. 87 |
| Gearing | p. 93 |
| Regrets | p. 101 |
| Risks | p. 105 |
| Financial advisers | p. 111 |
| If it sounds too good - scams | p. 115 |
| Managed funds | p. 119 |
| Timing | p. 125 |
| Honesty | p. 131 |
| Market Rhythms and Patterns | p. 137 |
| Booms and busts | p. 139 |
| Recessions | p. 145 |
| Recognising bubbles | p. 143 |
| The market is right | p. 159 |
| Finding Your Focus | p. 165 |
| Real estate | p. 167 |
| Development and investing | p. 173 |
| Bonds | p. 177 |
| Bank deposits | p. 183 |
| Stocks, shares, equities | p. 187 |
| Index | p. 193 |
| Table of Contents provided by Ingram. All Rights Reserved. |
ISBN: 9780143202585
ISBN-10: 0143202588
Audience:
General
Format:
Paperback
Language:
English
Number Of Pages: 196
Published: 26th October 2009
Dimensions (cm): 22.606 x 15.3
x 1.778
Weight (kg): 22.9
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