Making money fast
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THERE are thousands of trading and investing books on becoming rich. Each has its own focus. Before buying or reading, you have to ask: Will it work for me?
If you feel that becoming rich as an investor has a lot to do with personality, emotional control, discipline and following a trading plan, then this new book Becoming Rich Fast by Martin Wong might fit you.
Wong’s focus is on the way people think and feel about money and investments. He uses animal metaphors to describe human behaviour and brings in animals such as bears, lions, wolves, vultures, eagles, sheep and tigers to make his point.
Wong’s book is refreshingly simple and understandable to the average Joe Public, who might not understand the finer points of a balance sheet but certainly understand how following a crowd of sheep investors is usually the fastest way to the poor house.
Joe Public can also relate to tiger investors, who regularly earn fat profits at the expense of the sheep.
Wong, in a very entertaining way, describes personality types and the animals they reflect. Perhaps, while reading, you can categorise yourself. This might make you a better investor by making you more aware of what motivates and drives you to buy and sell.
Wong is the trading trainer/coach of Investmatic Management and teaches readers to model the habits of successful traders and investors.
In his book, he also shares the many mistakes he has made, and by sharing them, it might help you not to make the same mistakes.
This book will appeal to beginners as well as serious investors. It has a motivational message that by thinking big and thinking rich, you can expand your limit.
Wong also qualifies his motivational message by saying that to be a successful trader or investor, you also need a business plan and a disciplined framework to operate your investing business, and he relates this to the tortoise - a plodding, simple, hardworking creature.
Wong relates how great investors such as George Soros, Warren Buffet, Peter Lynch and Hetty Green capitalised on their animalistic personalities and strengths to become the world’s richest investors.
`Becoming Rich Fast: How You Can Invest Like the Very Rich’,
* By: Martin Wong
* Publisher: Investmatic Management
* Pages: 198
Popularity: 29% [?]
