The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing Paperback – Feb. 2 2018
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"This is simply the best book to read if you want to start investing and feel overwhelmed." --Chris Enns, Financial Planner, ragstoreasonable.com
"I highly recommend this book to anyone who feels confused about how to invest." --Michael J. Wiener, michaeljamesonmoney.com
"The 'explain it like I'm 5' (ELI5) guide to investing. No other book has a step-by-step guide when it comes to making your first investment so you really have no excuse for not getting started." --Barry Choi, moneywehave.com
"No more excuses, Canadians. With The Value of Simple, John explains not only the theory behind the best way for you to invest, but also provides easy-to-understand step-by-step guides to show precisely how simple it is to implement these investing strategies. The book gives everyday Canadians easy-to-implement ways to invest that will take you from procrastinating neophyte investor to confident portfolio manager in an afternoon or two of straightforward reading. If my high school students can immediately understand these Canadian-specific ways to invest, so can you!" --Kyle Prevost, Co-author of More Money for Beer and Textbooks
"The author describes the investing process in a way that's rarely explained - taking a step-by-step approach to show investors exactly what they need to do in order to start building and maintaining a portfolio of low-cost index funds. This book is for investors who are looking to take the plunge into DIY investing and want a guide to help walk them through the process from start to finish." --Robb Engen, Finance Columnist and Financial Planner, Boomer & Echo (boomerandecho.com)
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- Publisher : Blessed by the Potato Publishing (Feb. 2 2018)
- Language : English
- Paperback : 220 pages
- ISBN-10 : 0987818937
- ISBN-13 : 978-0987818935
- Item weight : 299 g
- Dimensions : 15.24 x 1.17 x 22.86 cm
- Best Sellers Rank: #34,016 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from Canada
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The book itself is an incredibly useful starting point for any Canadian interested in investing with no idea to start. I augmented my learning by googling different terms and watching YouTube videos of Canadian investors to help explore and expand some of the concepts covered in this book to get a BROADER picture why and how. This book was THE foundation though, and helps you really know what and how things work. Especially because the 2018 version (which is what this is, this book originally came out in 2014) covers Roboadvisors like WealthSimple and others and a few others which seem to be gaining some momentum in the last few years.
Anyway, great book that walks you through everything: the basics of why and how to most safely invest your money, what a TFSA, RRSP, and RESP are - covers unregistered accounts (though lightly) and roughly when and where you would use your contributions to TFSA, RRSP and RESP - which is a good strategic starting point for a new investor to understand the differences. More than that it has worked examples to give you a good example of how and WHY to invest in what which helps pull it from theory to practice. And the author also has useful links to sites and spreadsheets for more information and tools for your own financial planning!
I would recommend reading this with 'Millionaire Teacher' to get a very good foundation of: how and WHY to save money to then going on to knowing how much and why to invest in what, using what type of account in different situations. After that, you should know enough to start researching your own questions to learn and optimize your own saving!
It's great in that it provides very specific, actionable advice that can you get started with investing pretty quickly.
I like that it walks through exactly how to invest in a brokerage account, as well as a a diverse set of topics around investing including the behavioural side.
Would recommend overall based on solely the clarity/structure of the writing and how actionable the advice is
I have recommended this book to everyone that asks me about personal finance and have gone back myself for refreshers a few times since I purchased last summer.