Wealth book for the Young
In the pipeline is a book for the young. …by young I mean the 23-40 year old. If I am writing it, it obviously is regarding wealth.
Though I will be putting in a couple of chapters on controlling expenditure, how to borrow, it will of course concentrate on CREATING wealth.
Specifically WHAT DO YOU WANT TO SEE IN THAT BOOK?
OF course you need not be in that age group to give in your suggestions…
Suhas Patil
Subra Sir,
Not anything specific but I love your way of telling through stories and hope stories are part of your book to explain some fundas. An eg is your budha story of nastik and astik for share market…I believe the stories make the text more interesting and adds flavour and insights.
Hope to see your book soon and wish you all the best.
Rajaram
Given the chances of currency eroding in value worldwide due to the US QE, it would be good if your book can touch upon how people can prepare for a world of worthless currencies. What assets need be built when currencies collapse.
Jagdish
Often you share wealth distroying habits, those I feel equally important and shall be covered.
Puneet
How to *not* get conned is equally important than any other aspect of wealth building.
Would be great if that can be included…just my take though.
Kumar
All the Knowledge and Wisdom required to pick good Stocks
Any evaluation of existing paid/free websites for above?
all your 50 years knowledge/wisdom required for stock picking … From basic to intermediate to advanced knowledge
I am always ready to pay premium for ur book
Santhanam
Subra Sir,
Apart from Financial Awareness/Education in your style, Please include a chapter on the need & ways for young to “Invest in One’s Own Career” (Title : “Invest In Your Own Career” ?). The ways to “Invest in One’s Own Career” may vary depending upon the field of work (IT / Finance / Sales / Teaching etc.). But still there should be some core/ basic truths. Please write about it.
Waiting to see your book soon.
Thank You
Ramesh
I would like you to emphasise on Understanding and Controlling Risk as an important part of creating as well as maintaining wealth. Risk is probably one of the least understood part of investing, creating wealth and has widespread applications even beyond financial matters. Especially important for the young who are less experienced and risky behavior at the outset can scar more deeply.
“Risk means more things can happen than will happen.” – Elroy Dimson
Projecting past into the future is an all common mistake and just shows the complete denial of the hidden risks of the past.
I hope you can explain these things in a much better and simpler language.
Ajith
U should have a chapter focussing on investment options for NRI’s .most of your posts are more valid for resident Indians. Once you take the tax dimension out of picture, the appropriate investment options will change.
Nishanth
The best way of picking a stock you have ever seen from your experience- be it ROCE,cash flow , low valuation or anything else
avin
something on financial planning for single parents. not many people focus on that despite the fact single parent families are growing in the bigger cities.
Selvan
Hi Subra,
Prefer the book with simple terms and ideas about different asset classes which can be put in perspective for long term wealth creation.
Our young gens (many are in financial ignorance) looking for quick money, short term memory and addressing with small increments, sacrifices (avoiding wants!!) and disciplined approach what can be benefited can be included.
Santhanam
A chapter on
1) Stock picking for Non-Finance People i.e. What Basics/Essentials Non-Finance People should/MUST know before jumping into Stock Market.
2) Asset Allocation Strategies
Thank You
hp
Dear sir,
In my opinion, you must include importance of health management and it’s effects on wealth that will be created to be emphasized.
Because the biggest goal for a person is to live 100 years and to achieve that he has to do backward integration / reverse engineering etc !!!! This means, what he should study and what job he should do, what to eat !!!!!! etc.
So far in your blog you nave not covered portfolio review and re-balancing in detail. Request you to do that as well.
Also please provide details of buying your earlier book by name ” finance for doctors” not remembering exactly.
Rgds
Hari
Ayush
Asset Allocation Strategies
Ayush
Asset allocation strategies for sure!
Milind N
First -THANK YOU VERY MUCH.
Those who read subra are greatful to you already for all that we learned and implemented in our financial life to make it beautifulI am sure fellow readers will agree
New book should focuss on how to make a guy entering job market financially worry free by the time he reaches 40 .For those who are late enterants ,how to make the loss of “TIME” which is so important for compounding .
1.Asset Allocation
2.Corpous creation for various life goal and strategies required
3.Financial Freedom at the earliest possible and strategies to be used for that etc
Naveen Thota
Great Idea coming from you Sir!
This book will definitely help people of my age group and coming generations.
My suggestions would be topics like Risk analysis, asset allocation and atleast a basic approach to stock picking. In addition, as some one earlier in this comments mentioned wealth destroying habits will be helpful.
Cheers,
Naveen
Lakshminarasimhan
Mr Subra
1. term insurance, personal accident insurance, health insurance for both male and female
2. retirement planning
3. children education and health planning
4. parents health and monthly exp planning if they are living away
5. purchase of flat for the family
6. movable assets like car, TV etc for the family
7.yearly family holiday planning and expenses for the same
8. lastly Death planning- writing will, asset allocation among children etc
Uma Shankar
As wealth creating habits start from childhood, some topics on helping kids inculcating this habit in a simple way.
Thanks…
Uma Shankar