Summary of Rubén Villahermosa's Trading and Investing for Beginners
By IRB Media
()
About this ebook
Please note: This is a companion version & not the original book.
Book Preview:
#1 The first part of the book deals with basic financial literacy, such as how to manage money, money's value, and how to treat money.
#2 Everything in your brain determines the tools you have available to you. You must acquire financial intelligence if you want to recognize good deals and turn bad deals into good ones. Your net equity is the most reliable indicator of your financial health.
#3 -> Everything in your brain determines the tools you have available to you. You must acquire financial intelligence if you want to recognize good deals and turn bad deals into good ones. Your net equity is the most reliable indicator of your financial health.
#4 The most profitable and least risky investment out there is to simply pay off all your high-interest debt. It is the most intelligent financial movement.
IRB Media
With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Read more from Irb Media
Summary of Anna Lembke's Dopamine Nation Rating: 4 out of 5 stars4/5Summary of Jessie Inchauspe's Glucose Revolution Rating: 5 out of 5 stars5/5Summary of David R. Hawkins's Letting Go Rating: 4 out of 5 stars4/5The Untethered Soul by Michael A. Singer | Key Takeaways, Analysis & Review: The Journey Beyond Yourself Rating: 4 out of 5 stars4/5Summary of Al Brooks's Trading Price Action Trends Rating: 5 out of 5 stars5/5Summary of Tiago Forte's Building a Second Brain Rating: 4 out of 5 stars4/5Summary of Joe Dispenza's Breaking the Habit of Being Yourself Rating: 4 out of 5 stars4/5Summary of Clarissa Pinkola Estés's Women Who Run With the Wolves Rating: 5 out of 5 stars5/5Summary of Dr. Mindy Pelz's The Menopause Reset Rating: 3 out of 5 stars3/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Summary of Brendan Kane's One Million Followers Rating: 0 out of 5 stars0 ratingsSummary of Lindsay C. Gibson's Adult Children of Emotionally Immature Parents Rating: 5 out of 5 stars5/5Summary of Mark Wolynn's It Didn't Start with You Rating: 4 out of 5 stars4/5Summary of Ryan Daniel Moran's 12 Months to $1 Million Rating: 5 out of 5 stars5/5Summary of James Nestor's Breath Rating: 5 out of 5 stars5/5Summary of Erin Meyer's The Culture Map Rating: 5 out of 5 stars5/5Summary of Haemin Sunim's The Things You Can See Only When You Slow Down Rating: 5 out of 5 stars5/5Summary of Lindsay C. Gibson's Self-Care for Adult Children of Emotionally Immature Parents Rating: 5 out of 5 stars5/5Summary of Mark Douglas' The Disciplined Trader™ Rating: 5 out of 5 stars5/5Summary of Devon Price's Unmasking Autism Rating: 5 out of 5 stars5/5Summary of Gino Wickman's Traction Rating: 4 out of 5 stars4/5Summary of Gabor Mate's When the Body Says No Rating: 0 out of 5 stars0 ratingsSummary of Dr. Julie Smith's Why Has Nobody Told Me This Before? Rating: 4 out of 5 stars4/5Summary of Gordon Neufeld & Gabor Maté's Hold On to Your Kids Rating: 5 out of 5 stars5/5Summary of Uma Naidoo's This Is Your Brain on Food Rating: 5 out of 5 stars5/5Summary of Benjamin P. Hardy's Be Your Future Self Now Rating: 5 out of 5 stars5/5Summary of Rebecca Fett's It Starts With The Egg Rating: 0 out of 5 stars0 ratingsSummary of Thomas Erikson's Surrounded by Idiots Rating: 1 out of 5 stars1/5Summary of Bronnie Ware's Top Five Regrets of the Dying Rating: 4 out of 5 stars4/5
Related to Summary of Rubén Villahermosa's Trading and Investing for Beginners
Related ebooks
Summary of Troy Noonan's Day Trading QuickStart Guide Rating: 0 out of 5 stars0 ratingsSummary of Brian Pezim's How To Swing Trade Rating: 0 out of 5 stars0 ratingsSummary of Anna Coulling's A Complete Guide To Volume Price Analysis Rating: 5 out of 5 stars5/5The General Semantics of Wall Street Rating: 0 out of 5 stars0 ratingsTransforming Minds Rating: 0 out of 5 stars0 ratingsSummary of Rubén Villahermosa's Wyckoff 2.0 Rating: 0 out of 5 stars0 ratingsTrader Vic on Commodities: What's Unknown, Misunderstood, and Too Good to Be True Rating: 1 out of 5 stars1/5Trades About to Happen: A Modern Adaptation of the Wyckoff Method Rating: 4 out of 5 stars4/5Guppy Trading: Essential Methods for Modern Trading Rating: 4 out of 5 stars4/5The Definitive Guide to Price and Volume Rating: 0 out of 5 stars0 ratingsThe Right Stock at the Right Time: Prospering in the Coming Good Years Rating: 4 out of 5 stars4/5Supply and Demand Trading 101 for Beginners Rating: 3 out of 5 stars3/5A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin Rating: 4 out of 5 stars4/5Trading Tools and Tactics: Reading the Mind of the Market Rating: 0 out of 5 stars0 ratingsTrade What You See: How To Profit from Pattern Recognition Rating: 0 out of 5 stars0 ratingsTrading Classic Chart Patterns Rating: 5 out of 5 stars5/5Steidlmayer on Markets: Trading with Market Profile Rating: 3 out of 5 stars3/5Building Wealth in the Stock Market: A Proven Investment Plan for Finding the Best Stocks and Managing Risk Rating: 5 out of 5 stars5/5Swing Trading Rating: 5 out of 5 stars5/5The Nature of Trends: Strategies and Concepts for Successful Investing and Trading Rating: 0 out of 5 stars0 ratingsThe Ruff Guide to Trading: Make money in the markets Rating: 4 out of 5 stars4/5Summary of Jack D. Schwager's Stock Market Wizards Rating: 0 out of 5 stars0 ratingsSummary of Edwin Lefèvre's Reminiscences of a Stock Operator Rating: 0 out of 5 stars0 ratingsThe Stock Market Barometer Rating: 1 out of 5 stars1/5Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment Rating: 0 out of 5 stars0 ratingsTrade Like Jesse Livermore Rating: 4 out of 5 stars4/5Economics of Futures Trading: For Commercial and Personal Profit Rating: 0 out of 5 stars0 ratingsThe Psychology of the Stock Market Rating: 4 out of 5 stars4/5The Visual Investor: How to Spot Market Trends Rating: 4 out of 5 stars4/5
Business For You
Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5Summary of Eve Rodsky's Fair Play Rating: 2 out of 5 stars2/5Invisible Influence: The Hidden Forces that Shape Behavior Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off Rating: 4 out of 5 stars4/5Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations Rating: 4 out of 5 stars4/5
Reviews for Summary of Rubén Villahermosa's Trading and Investing for Beginners
0 ratings0 reviews
Book preview
Summary of Rubén Villahermosa's Trading and Investing for Beginners - IRB Media
Insights on Rubén Villahermosa's Trading and Investing for Beginners
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 4
Insights from Chapter 5
Insights from Chapter 6
Insights from Chapter 7
Insights from Chapter 8
Insights from Chapter 9
Insights from Chapter 1
#1
The first part of the book is dedicated to the basics of financial literacy. It covers the most fundamental concepts of financial literacy, such as how to manage money, and how to respect and recognize money for what it is: a means to achieve your basic goals.
#2
Everything that resides in your brain determines the tools you have available to you. If you are not satisfied with your economic situation, it is because your mind is lacking in training, skills, and knowledge. You must invest in education and learning about finance.
#3
Credit is the concept of borrowing to consume something now and paying for it later. It is not necessarily bad if used properly, for example, to purchase an asset that becomes good debt.
#4
Good debt is beneficial because it offers a return that covers the interest and if you've managed to get a good deal, provides you with a surplus. Bad debt, on the other hand, will impact your financial situation through an outflow of money.
#5
All taxes are cash payments that citizens are required by law to pay to governments without receiving any specific nominal compensation to pay for the welfare state.
#6
Active income is generated through a direct effort in the execution of a task. It is limited in nature and can only be earned if you are working. Passive income is generated through an effortless effort and is unlimited in nature. It requires no exclusive dedication and can be earned without having to exchange your time for money.
#7
Passion is what drives you to achieve your goals. Once you have identified your passion, you must become an expert in it. Then, start monetizing your expertise by selling your product or service. The more people you help, the more money you will receive.
#8
Expenses are any purchase of products or services that cannot be treated as an investment. They are money outflows that cannot be recovered. Good expenses are used to purchase assets that will provide a future return, while bad expenses are used to purchase goods and services that do not provide any return.
#9
To save, you must develop a habit of saving. The two ways to save are to reduce expenses or increase income. You should always bear in mind the premise of not wasting money.
#10
There are two ways to increase your income: asking for a raise and working on small projects as a freelancer. The emergency fund should solely and exclusively be used