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The Lazy Investor [Paperback]

Derek Foster
4.9 out of 5 stars  See all reviews (7 customer reviews)

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Product Description

Start with $50...and no Investment Knowledge

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Customer Reviews

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4.9 out of 5 stars
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Most helpful customer reviews
5.0 out of 5 stars Very good book March 21 2014
By chelsea
Verified Purchase
Very helpful book, very informative and easy to understand for someone who is not familiar with investing and where to start
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5.0 out of 5 stars Derek at his best! March 2 2014
Verified Purchase
Best low/no cost investment book ever. Where else do you get strictly Canadian content for making your money work for you? Very high value read for anyone wanting to learn about investing (primarily Canadian content).
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4.0 out of 5 stars Good for Canadians starting out in Investing Jan. 29 2014
The greatest praise I have of this book is for its clarity. The subject of finance is a murky one and can be confusing for those who are financially illiterate. Derek Foster does a great job of explaining the world of stock investing in layman's terms. If you go into reading this book with no knowledge of the subject matter you will come much more knowledgeable and confident. This book won't turn you into a sophisticated, master trader, but that isn't the author's intent.

This book is written for the Canadian investor too which is a big plus. Most books on finance and investing refer to the American market so it's about time that a book has been written with Canadians in mind.

That being said, if you are competent investor already, than this book is not for you. Many of the negative reviews here seem to be from self-proclaimed experts who criticise this book as being too simple. Well guess what? This book isn't for you, it's for people that are starting out.

I do concede that the book's subtitle, "Start with $50..." is completely misleading. No one has ever attained wealth with an initial investment of only $50. Foster even admits within the book itself that your initial investment will require more than $50. All DIY finance books overpromise with unrealistic titles though. This is to get the attention of the passive shopper so they will pick the book up off its shelf and put it in their shopping bag. The titles of all self-books need to be taken with a grain of salt.

My only real complaint about this book: I read the Revised Edition from 2012. This edition contains an extra chapter at the end which details all the changes that have occurred in the financial world since the book was written in 2006.
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5.0 out of 5 stars Easy to read and informative Oct. 16 2013
Verified Purchase
It was very nice to read a book written by a fellow canadian that strives to allow the average person to grasp the concept of doing investments that are safe and will earn an income. Explains all the steps involved and even has a good section on setting up your kids for success in the long run. Well done!
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