The Jago investor book is a guideline for potential and new investors. The book is written by Mr. Manish Chauhan, the brilliant and experienced guiding force of the website Jagoinvestor.com. Over the last couple of years, he is providing some good guidelines concerning financial freedom to investors. The Jago investor book is a new release and here is a brief review of the book.
The overall book has a premise of personal finance principals. The book has covered all the fundamentals of financial planning in a very understandable and lucrative way. The book is like a precious treasure of all the basic and vital investment principles that made it the best option for small retailers who want to move in a right path. The language and vocabulary used in the book is very simple and understandable that anyone can read and utilize without any difficulty.
Let’s review the book chapter wise.
Chapter number One: Exactly to expectations, the first chapter is “Start investing early” that is emphasized on the importance and effectiveness of early investments as well as its impacts over your financial conditions. The author has made it clear by giving some surprising statistics that will surely make the readers wondering. One such example is, to generate about 5 crore within 35 years with an assumption of 12% return; you must make monthly investments of about 3,400 rupees.
Chapter number second: In the second chapter the author has totally changed his track and has jumped over the importance of insurance and particularly the importance of purchasing Term Plans. At the end of this chapter the reader will surely able to tell you some very good points related to an adequate and appropriate insurance policy.
Chapter number third: In the third chapter, the author again has held the basic track of goal based investments. In this he smartly explained the importance and advantages of goal based investments. The chapter also tells you why you should separate your goals from your desires.
Chapter number fourth: The chapter will tell you the benefits of investing in long term equities and different investment portfolio suitable for different age couples. The chapter also gives you an understanding of portfolio maintenance, allocation of assets and different investment instruments.
Chapter number fifth: The chapter has an outline ‘Want to”, through which the author has defined the attitudes of people towards improvements in their financial conditions. He also stressed on the fact that one must spend some time to chalk out their5 financial life and needs.
Chapter number Sixth: The importance of the management of financial documentation has been pointed out in a very effective style. In the chapter, the author emphasized on the advantages of the latest technologies that one should use for the management of financial documents. The chapter also puts light on how too much diversification becomes a threat instead of strength.
Chapter number seventh, the final chapter: The last chapter of this useful book has covered lots of topics such as tax planning, controlling your spending and also describes family vacations as a great sort of investment. The authors stressed on different things even minor things that sometimes due to ignorance cause serious losses.
Best Reading:
Conclusion
The overall book is just a treasure of precious and unique information. The language, information, writing style and tone, everything is best and hence the book is very much effective for first time investors.
