Investing Made Simple: Index Fund Investing and ETF Investing Explained in 100 Pages or Less Paperback – Sep 15 2009
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About the Author
Mike Piper is the author of 7 personal finance books and the popular blog Oblivious Investor (obliviousinvestor.com). He is a Missouri Licensed CPA.
Top Customer Reviews
I realize the title says "Investing Made Simple" and I did keep that in mind when I was reading. Nevertheless, investing is never simple. I believe the average return for the average investor over the last 50 years has been around 2%. This is unacceptable given that indexes have been growing around 9% a year and we need the power of compounding to allow us to accumulate enough capital to be able to retire with a reasonable income as we grow older.
I wish I could recommend a better guide. The books by John Bogle are good, but for many people untrained in the investment industry they can be quite daunting. And some writers are recommending exchange traded funds (ETFs) just like all the hype about mutual funds so many years ago. ETFs have proliferated to the point where is can be very confusing for someone not trained in investment analysis. What is needed is a good solid guide for sophisticated savers who need help thinking through and deciding on the key elements and factors which will lead to a positive investment experience with index funds and ETFs.
Most Helpful Customer Reviews on Amazon.com (beta)
Now all you have to do is figure out how much you want to invest in stocks and bonds, many quizes online to help you with that. Just google "asset alocation" then go out and enjoy life, because this is one area of life that really is simple.
Its all a matter of finding low fees and growing with the market (period) doesn't matter if you are type A or B, Tall or short male or female, this should be one of the easiest area of your life. ( I am suggesting that investing is easy, I am not suggesting that the market will do well, of course nobody knows that, but if the stock market does well, with his approach, you will do well without the extra fees most people endure).
Perhaps the most helpful message of the book is that simple investing is easy and generally beats complex investing. More activity does not necessarily lead to better investing results, and laziness (aka patience) generally outperforms efforts to produce higher returns.
By presenting this discussion in a clear, straightforward and easily-understood manner, "Investing Made Simple" lives up to its title. Easy to read, easy to understand, easy to implement - and with a good set of references for further ready, this book is a great launching point for someone interested in investing for themselves and with their own interests first and foremost. Thanks Mike!
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