The Lazy Person’s Guide to Investing: A Book for Procrastinators, the Financially Challenged, and Everyone Who Worries About Dealing with Their Money In todays volatile market, jittery nerves are the norm when it comes to investing. But with these keep-it-simple, easy-to-understand, proven strategies thatbest of alltake very little time or energy to maintain, readers can relax. Dr. Farrell has distilled the most successful plansfrom the Couch Potato to the Coffee House to the No-Brainer approachso that even inexperienced investors can chart their financial future with confidence.
Customer Review: Keep It Simple Stupid
Investing has been a hobby of mine for about 15 yrs. now. I would estimate that I’ve read at least twenty books on investing, trading, Buffetology etc. This is by far one of the best books because it is THE simplest to understand and implement. The indexing strategies described won’t earn big returns over the short term, but should compound very nicely long term. The good thing about the strategies is that anyone can understand them, know what they own, and no why they own it. Those three things should reduce trading to a minimum for people who stick to this plan. Trading costs money and is usually counterproductive for about 99% of the people that do it. In the case of the one per cent who succeed, it is really much about luck, like a lottery ticket. With millions of people trying to beat the market, including tens of thousands of professionals with full time researchers, accountants, PhDs, and multiple computers, the odds are strongly against any individual investor beating the averages long term. Don’t believe the hype on line from market newsletters and timers. This is the real deal. I would recommend to anyone new to investing, and even to more experienced investors who might need to be reminded to “keep it real” from time to time. It’s time IN the market that makes money long term, not timing the market. K.I.S.S.
Customer Review: I would recommend this book
This is a great book to get a start on investing or to do investing without needing to learn too much. Upon reading many other books and articles, I believe the information in this book is quite good. I have helped others now with their finances and it turns out a lot of advisors/brokers really do NOT have your best interests in mind…so unless you can find a great one, it is a good idea to DIY and read a little about it. even if you do have a broker, reading this book is a great way to get an idea of what needs to be done in your portfolio, so you can be more sure that your advisor has your best interests in mind.