Letters to Aston Lessons Learned from a Lifetime of Investing

by Hawes, Martin

• ISBN13: 9780143202585
• ISBN10: 0143202588
• Format: Paperback
• Copyright: 2010-05-19
• Publisher: Penguin Global

Summary

'Live like you might die tomorrow; invest like you will live forever.' Investment master Martin Hawes passes on the most important lessons he has learned during his lifetime of investing in a series of letters to his young grandson Aston. Inspired by the belief that everyone can become wealthy and improve their financial position if they understand and apply the basic principles of investing, Martin wanted to ensure his grandson gained this knowledge, even if Martin was no longer there to impart it in person. bull; bull;Can you time the market? bull;When should you buy your first property? bull;Is debt always a bad thing? bull;How do you know what shares to invest in? bull;Why invest anyway? Martin's advice is timeless and contains investment gems that will resonate with everyone at different stages of their lives. Letters to Aston is a book that will stay on your shelf for a long time, and one you will give your children (and grandchildren) to read.

Table of Contents

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
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