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The Lazy Investor [Paperback]

Derek Foster
4.8 out of 5 stars  See all reviews (8 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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1 of 1 people found the following review helpful
4.0 out of 5 stars Good for Canadians starting out in Investing Jan. 29 2014
Format:Paperback
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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1 of 1 people found the following review helpful
5.0 out of 5 stars Great bang for the buck April 29 2013
Format:Paperback|Verified Purchase
We are trying to take more control over our investments, and found this to be a very useful reference for making changes away from the dreaded mutual funds. Great introduction to the world of looking after your own money.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Derek at his best! March 2 2014
Format:Paperback|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 very easy May 3 2014
By R.S
Format:Paperback|Verified Purchase
straight forward explanations. If you have never done any investing and you're Canadian this is a great place to start. I bought some of the stocks he listed in this book and have been quite happy with the results so far. His strategy won't make you rich overnight but in the long run they'll make a big difference.
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