It’s hard to avoid hearing about new and exciting companies’ IPOs, such as Rivian’s announcement in The New York Times. Of course, as soon as stock becomes available on the public marketplace, investors jump in. But what if there were an easier way to buy into companies on the private market — before they raise the IPO flag?
Of course, you can get your feet wet pre-IPO by purchasing shares on the private market. However, you may not feel 100% confident in what you’re 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 governing the private market means you could put your money at risk if you make a wrong turn on your way to growing your wealth.
Fortunately, the topic of how to demystify the private market is one that a few modern authors are tackling. So check out the following books if you’re wondering how to do private investing work for you and your money.
1. Carine Schneider – The Democratization of the Private Market
Carine Schneider watched as companies like Facebook, Robinhood, and Uber transitioned to public companies. Schneider wasn’t satisfied with the idea that most investors should have to wait for IPOs to participate in the potential upside. However, he knew that getting involved in the private market had its rough points. This is especially the case for unsophisticated investors.
Enter The Democratization of the Private Market, a new book aimed at explaining how the private market works, who can participate, and the opportunities and limitations for investors worldwide. You’ll discover how blockchain is transforming the possibilities for all investors, including those without Wall Street accounts or connections. At the same time, you’ll get insider details on how to understand the complexities of the current taxes and legalities surrounding the process of entering the private market fray.
The bottom line is that if you’re bent on turning your single dollars into multiples as a long-term or short-term wealth-boosting strategy, The Democratization of the Private Market should be on your bedside table. Be sure to have sticky notes on hand. You will want to bookmark important points. Schneider has filled this book with valuable hints.
2. Benjamin Graham – The Intelligent Investor
There’s an old adage that suggests before you run you have to walk. The same holds true in the investing circle. Therefore, if you want to feel confident investing in the private market, you may need to beef up your underlying knowledge of how to buy and sell in general.
Benjamin Graham’s bestseller The Intelligent Investor may not be the newest book on the block. Nevertheless, it’s a handy guide if you’re a first-timer. Even if you’re confident that you have a good grasp on the ins and outs of the investment world, grab a copy penned by Graham. You can always use it as a definitive resource.
What will you find throughout the pages and chapters? Expect to learn about the history of the stock market, how to develop your portfolio, and the many ways to ride out market fluctuations. It’s worth noting that Warren Buffet called this the best investing book ever written. That’s a huge nod from Buffet, who is arguably one of the world’s wealthiest individuals and someone you might want to pay to have lunch with.
3. James M. Kocis, et al. – Inside Private Equity
Developing a better understanding of private equity is a must-do for anyone entering the private market. James M. Kocis and several other professionals co-authored Inside Private Equity to shed light on the private equity realm. After all, to the untested, it can seem strange and befuddling. And the last thing you want is to be uncertain when investing your cash.
Inside Private Equity reads somewhat like a textbook in terms of its setup. The type of instruction allows you to quickly jump to the most important chapters to where your knowledge is right now. It’s an excellent asset to have by your side, especially as you begin to explore the principles of private equity. You’ll want to take plenty of notes. The book reads smoothly and is easy to follow.
Not sure if Inside Private Equity might be a bit too technical? Kocis and fellow authors have solved this problem for you. The book offers real-world examples throughout, allowing you to see how methods and principles can be applied instantly. You’ll greatly appreciate the time taken to outline each example and bump up your understanding.
4. Claudia Zeisberger, et al. – Mastering Private Equity
In Mastering Private Equity, you’ll get yet another viewpoint on alternative ways to invest your wealth. Claudia Zeisberger, Michael Prahl, and Bowen White focus their attention on helping readers understand how to invest responsibly. That’s critical, particularly when you’re 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 it too dense of a read. In fact, you’ll be surprised at how quickly you become acquainted with all the terms Zeisberger and her colleagues discuss.
In addition to being written by top-notch investment thought leaders, Mastering Private Equity includes guest comments 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’re getting the best-of-best insider details from page one.
5. Jeff Levin, et al. – The Insider’s Guide to Private Lending
Only have a few minutes on your commute to commit to upping your acumen on private market lending, in addition to investing? Order the audiobook version of The Insider’s Guide to Private Lending. A refreshingly candid look at how to build a portfolio that includes private investments, this book is a great companion to your investing decisions.
Why consider private lending as a part of your investment choices? Private market lending can be yet another tactic to multiply the dollars that are just frittering away in your savings. Of course, you have to know the ins and outs of private lending—that’s where Jeff Levin’s honesty comes into play.
Expect to get the whole truth and nothing but from Levin. He’s been there and done that many times over. You can be sure that his advice comes from a place of genuine know-how.
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