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It’s hard to avoid hearing about IPOs of exciting new companies, such as Rivian’s New York Times announcement. Of course, as soon as stocks become available on the public market, investors get started. But what if there was an easier way to buy businesses in the private market? before raise the flag of the IPO?
Of course, you can get your feet wet before the IPO by buying stocks in the private market. However, you may not be 100% sure of what you are doing or where to invest your money. After all, the private market is a different beast. Different rules govern it. There is much less information, disclosure and analysis. The information that governs the private market means that you could be putting your money at risk if you take a wrong turn on the path to growing your wealth.
Fortunately, the subject of demystification of the private market is a subject that a few modern writers are grappling with. So check out the following books if you are wondering how to make private investing work for you and your money.
1. Carine Schneider – Democratization of the private market
Carine Schneider has observed the transition of companies like Facebook, Robinhood and Uber to public companies. Schneider was not happy with the idea that most investors would have to wait for IPOs to participate in the potential rise. However, he knew that getting involved in the private market had its downsides. This is particularly the case for investors with little knowledge.
Enter Democratization of the private market, a new book aimed at explaining how the private market works, who can participate in it, as well as the opportunities and limitations for investors around the world. You will discover how blockchain is transforming the possibilities of all investors, including those without an account or connection to Wall Street. At the same time, you will get insider details on how to understand the complexities of the current taxes and legalities surrounding the process of entering the fray of the private market.
The bottom line is, if you’re determined to turn your single dollars into multiples as a long-term or short-term wealth building strategy, Democratization of the private market should be on your nightstand. Make sure you have sticky notes handy. You will want to bookmark important points. Schneider has filled this book with valuable advice.
2. Benjamin Graham – The smart investor
There is an old saying that before you run you have to walk. The same is true in the circle of investors. Therefore, if you want to invest with confidence in the private market, you may need to strengthen your underlying knowledge of how to buy and sell in general.
Benjamin Graham’s bestseller The smart investor may not be the most recent book in the neighborhood. Nonetheless, it is a handy guide if you are a beginner. Even if you’re sure you have a good grasp of the ins and outs of the investing world, get yourself a copy written by Graham. You can still use it as a definitive resource.
What will you find throughout the pages and chapters? Expect to learn more about the history of the stock market, how to grow your portfolio, and the many ways to weather market fluctuations. It should be noted that Warren Buffet called this book the best investing book ever written. That’s a huge nod from Buffet, who is arguably one of the richest people in the world and someone you might want to pay for lunch with.
3. James M. Kocis, et al. – Within Private Equity
Developing a better understanding of private equity is a must for anyone entering the private market. James M. Kocis and several other professionals co-wrote Within Private Equity to shed light on the field of private equity. After all, to the untested it may seem strange and confusing. And the last thing you want is to be uncertain about where you are investing your money.
Within Private Equity reads much like a manual in terms of configuration. The instruction type allows you to jump quickly to the most important chapters, where your knowledge currently resides. This is a great asset to have by your side, especially as you begin to explore the principles of private equity. You will want to take a lot of notes. The book reads well and is easy to follow.
Not sure if Within Private Equity maybe a little too technical? Kocis and his fellow authors have solved this problem for you. The book offers real world examples throughout, allowing you to see how the methods and principles can be applied instantly. You will greatly appreciate the time taken to describe each example and improve your understanding.
4. Claudia Zeisberger et al. – Mastering Private Equity
In Mastering Private Equity, you will get another perspective on other ways to invest your wealth. Claudia Zeisberger, Michael Prahl and Bowen White focus their attention on helping readers understand how to invest responsibly. This is essential, especially when trying to make the most of your money in the smartest way.
Zeisberger originally wrote this book for a more expert investor audience. However, you shouldn’t find the reading too dense. In fact, you’ll be surprised how quickly you get to know all the terms Zeisberger and his colleagues discuss.
In addition to being written by top investment thought leaders, Mastering Private Equity includes guest commentary from professionals from a variety of well-known brands. These include The Carlyle Group, Northleaf Capital, and Terra Firma, to name a few. In other words, you get the best insider details from the first page.
5. Jeff Levin, et al. – The Insider’s Guide to Private Lending
Have only a few minutes on your commute to commit to increasing your private market lending insight, in addition to investing? Order the audiobook version of The Insider’s Guide to Private Lending. A refreshing and candid look at how to build a portfolio that includes private investments, this book is a great companion for your investment decisions.
Why consider private credit as part of your investment choices? Private market loans can be another dollar-multiplier tactic that just wastes your savings. Of course, you need to know the ins and outs of private lending, this is where Jeff Levin’s honesty comes in.
Expect to get the whole truth and nothing but Levin. He has been there and done this several times. You can be sure that his advice comes from real know-how.
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