Investing and trading can be an intimidating world to navigate, especially if you’re just getting started. But what if there was a way to gain the knowledge and confidence you need to master the trade?
This anthology is your ticket to a bird’s eye view of the dynamic world of investment, providing expert insights on the dos and don’ts of the trade.
With this collection, you’ll be empowered to take charge of your financial future and make informed decisions with ease. So why not dive in?
Get ready to turn some pages and unlock the secrets of the stock market.
1) A Beginner’s Guide to the Stock Market by Matthew R. Kratter
It really is just numbers on a blackboard. Here, the former hedge fund manager walks the reader through different types of stocks and how they operate against particular investment strategies.
The author goes out and beyond to teach investment enthusiasts how to analyse stocks and determine their performance in time. He also describes newcomer mistakes and how to avoid them.
2) Zero to One by Peter Thiel and Blake Masters
In this publication, Paypal founder and Facebook investor Peter Thiel takes us into the realm of bold risk-taking.
As the title suggests, moving from zero to one can propel one into innovative ventures until that very mindset becomes a tool for separating yourself from the huge crowd of investors.
Thiel encourages readers to widen their product offerings into businesses that offer something completely new.
If you have a knack for taking risks beyond what is already offered and well established in the market, this book is for you.
3) The Bogleheads' Guide to Investing by Taylor Larimore, Mel Lindauer and Michael LeBoeuf
From financial literacy to a lifestyle, this comprehensive guide is a treasure for any investor wanting to go full circle.
From broad diversification to sticking to one’s investment plan regardless of market conditions, this 23-chapter publication will set you off to success.
Bogleheads members also actively discuss financial news and theory in a forum.
4) Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner
A millennial masterpiece, this one equips the new generations with inspiring tips that are adapted to our time.
In this New York Times bestseller, Kobliner looks at ways to start investing in the right mutual funds.
The author is a well-established adviser in financial literacy, which was grounded in 2010 when she was selected by former US president Barack Obama to be a member of the President’s Advisory Council on Financial Capability, where she created MoneyAsYouGrow.org.
5) The Intelligent Investor by Benjamin Graham
Known as the father of value investing, Graham takes us through a journey of investing to reach our financial goals, reminding us not to get caught up in every twist and turn in the stock market.
For real world experience in the stock market and long-term strategies, read this book.
6) Thinking Fast and Slow by Daniel Kahneman
When we think of investing, we often turn to finance and economics, but what about psychology?
This book looks at the impact of bias on financial plans and judgment on the stock market.
Kahneman suggests a two-tier system to be fast, instinctive and emotional all the while acting slowly, deliberatively and logically.
With investing becoming more and more democratic and accessible, this book sets off the reader on a journey to cultivate the right mindset, no matter the experience in the trade.
7) The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
In this last selection of our series, we chose a publication by the chairman and co-founder of Oaktree Capital Management, Howard Marks.
In this book, Marks challenges readers to question their knowledge and never settle for following the crowd.
He encourages investors to remain critical, which he carefully illustrates on the back of his long professional experience.
Omar Maatouk is director of trading at neo-broker Amana Capital
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
More on Palestine-Israeli relations
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
