Learn basic financial concepts to make it more likely that you'll achieve common life goals such as owning a home, providing for yourself or your family, taking fun vacations, and retiring in comfort--all free from financial stress. Topics * The ten rules to successful investing * How to write a personal investment plan * How to diversify your investments * How to know a good mutual fund * How to be a tax-savvy investor
The 108-page book (17,000 words and 52 pictures) teaches beginners learn how to invest money for both short- and long-term goals. Learn the basics that everyone needs to know about investment products like stock, bonds, and mutual funds, and the containers that hold those products, like IRAs, 401(k), Roth IRA, and taxable accounts.
Learn why Warren Buffett, John C. Bogle, and most professional investors recommend that 99% of investors should use low-cost mutual funds called index funds. Learn what they are, what this means, and why they win.
John C. Bogle, founder and former chairman of The Vanguard Group, is hailed by many as the champion of common sense investing. His huge following endearingly call themselves "Bogleheads" in perhaps the most popular personal investment forum and wiki site at bogleheads.org.
" Common Sense Investing captures the core elements of the Bogleheads investment philosophy in terms any investor can easily understand and implement. Read it and reap!" writes Forbes columnist, Mel Lindauer--also one of the original Boglehead founders.
Many of the tips include examples of how people put the important concepts into practice. Instructional appendixes numerous links to free online videos, recommended books, help forums, and other resources.
Author Rick Van Ness is a successful private investor who provides investor education through online videos, short books, and workshops. He has both an engineering degree from Cornell University and a MBA in Finance from New York University.
Praise from professional money
"Hide this book in a safe place because grossly overpaid investment advisors are burning every copy they can find." --Rick Ferri, CFA, President, Portfolio Solutions LLC All About Asset Allocation, All About Index Funds, and others.
"Rick has produced a masterful financial guide for beginning investors and old hands alike. If you want to get started investing the right way, this book provides the clarity and backbone to achieve your financial destiny." --Bill Schultheis, Financial Adviser, Soundmark Wealth Management, LLC The New Coffeehouse Investor
"Rick has provided a great service. In terms that the novice investor can understand, he provides ten simple rules that provide the prescription for investment success. In fact, if you follow his rules you are virtually guaranteed to outperform the majority of investors, both individual and professionals alike." --Larry Swedroe, Principal and Director of Research, Buckingham Family of Financial Services Author of eleven books on investing
Praise from
"Here are 10 simple, easy to follow, and proven investing rules. Investing an hour reading this short book will make you a better investor." --Burton G. Malkiel, Princeton University, Professor of Economics A Random Walk Down Wall Street
Praise from respected
"Rick makes it super-simple to understand personal finance, regardless of your skill level. This book, along with his creative and straight-forward streaming videos, will get you and your money heading in the right direction." --Jeff Lehman The Frugal Millionaires , and First Job~First Paycheck
This is a fairly short read but packed with great information and philosophy. I was reviewing it prior to purchasing for my late teens. It's an excellent financial starter.
It also provides good information for those on the savings journey. I for the reminder of cutting out the financial noise particularly helpful and timely.
For me, this was mostly review, but if I was going to recommend a book to someone I knew that didn’t know anything about investing or saving, I would give him/her this.
Yes, I am biased because Rick wrote this book and I helped edit it, but in the process I learned a lot about investing, why you should invest early and regularly, why and how to balance your portfolio between stocks and bonds, how to look for fees, think about taxes and more! The book is written in a casual, easy to read style with short chapters that you can digest one at a time. I feel much smarter about this type of information now and can read those financial columns that give advice with much more expertise. If you don't want to read it, you can watch Rick's videos on www.financinglife.com, but I find it easier to hold on to the information now that I've read it (and especially since I've read it more than once!)
I would recommend this book to anyone is is ready to start investing or who wants to understand how to invest.
I received this book for free through goodreads first reads. This was interesting and had a lot of advice for investing: The dos and the don'ts. I think some of it was good advice, but that other parts were unrealistic in regards to average every day people. Most people live paycheck to paycheck, if they can make it that far. While saving and investing is a good idea and helps in the long run, a lot of people can not afford to even think about that right now. Aside from that oversight, i found the book interesting and helpful. When and if I have money too invest, I will definitely go back to it.
Being a young adult I really enjoyed reading this book. It was very easy to read and understand. I learn that investing is an easy process and I'm going to start right away. Thank you Rick for the helpful knowledge!
Easy to understand practical advice for people like me who need to save and invest for the future but are too busy now to read ALL the endless complicated stuff that is out there. It has advice for everyone and it is fast and easy to read. Wish I had started saving and investing earlier.