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Tuesday, October 15, 2013

Review: The Turtle Always Win (by Bo Sanchez)

My sister, knowing I am interested in business and personal finance, bought me a book by Bo Sanchez.  Sanchez is the Founder and CEO of the Truly Rich Club.  From what I have gathered, it is actually site for those who want to learn more about personal finance and get updates of the latest trends from Philippine Stock Exchange.  Again, I'm paraphrasing here and this is what I have understood.

Although Sanchez doesn't really require everyone to be a member of the Truly Rich Club, it's kind of biased since he will only help and give advices to the members (of course, that's what the club is for).

The book itself is small.  I read it in one sitting.  It's thin, well-sized font, and double-spaced.  So for less than a hundred-page book, even for those who don't like reading, can read this in one-sitting.

In the book, Sanchez identifies the different type of investors and give a brief description of each.  He named them, the rabbit, the squirrel, the sloth, and the turtle.  Of course, I cannot elaborate more on what they basically are, as it is described in the book.  But let's just say, I get to picture myself in each of the characters.

Sanchez basically wants to encourage everyone to be an investor and it is never to late to invest.  Depending on your purpose, you can definitely live comfortably on your retirement if you start early.  He vouches that you don't need to start big, just a small steady stream of cashflow in the stock market can make you a millionaire in less than a decade.  It will be lesser than a decade depending on the amount you invest.

Sanchez hit it big when he published "My maid invests in stock market".  Just imagine! Seeing that in the racks would make you gasp and yell "WHATTTTT?????"  So if he's maid did it, why can't you?

"The Turtle always wins" gave great tips on how to invest, start small and basically what investing is all about.

I truly recommend this book to everyone.  The book is very informative and well-thought for non-finance majors who can't really understand stock market - it is explained in layman's terms.

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