Basics of Financial Literacy. A Brief Course

Many dream of financial independence, but few achieve it. One reason for this is the firm belief of most of us that wealth can only be created with a large sum of money in the bank. In reality, this is not the case. Certain character traits that anyone can develop, as well as knowledge of the fundamentals of the financial market, help in investing. This is the focus of this book. Its author, having convinced himself through personal experience that not all financial instruments work and that some of them are even dangerous, provides readers with valuable practical advice that will allow them to embark on the path of wealth creation with minimal risks and to become informed investors.
Given that the economic situation changes very rapidly, we present to you the second edition of the book "Basics of Financial Literacy," revised and supplemented. The material has been expanded with information on which of the three investor behavior models is the most promising, the importance of the time factor in investing, and what to pay attention to when considering the purchase of a particular stock. As for the last point, it is illustrated with examples from the stocks of leading companies in the USA and Russia from various sectors of life. Knowing the algorithm for analyzing a stock, every beginner investor can make an independent decision regarding its acquisition.
The book is intended for a wide audience interested in investments. It may be particularly useful for young people standing on the threshold of independent life and dreaming of financial success and independence.