Tom Jacobs and John Del Vecchio, authors of the best-selling book What's Behind the Numbers?, have now come out with their next best-seller, The Rule of 72. In an era where it is easy to be skeptical with how companies manage their funds, Tom and John teach that there is a way to find companies that are actually willing to pay investors to own their stocks. These experienced and highly successful investment experts review the principles of the Rule of 72, explain the best ways to evaluate financial risks, and review the six tests for grading stocks. Tom and John explain the trifecta for how to grow financial armor and protect your money from self-interested company management and the financial services industry. The book also includes interesting facts that you may not already know, plus a compounding calendar on the book's companion website. Regardless of your investment experience or financial management knowledge, this is a must-read for everyone.
Investment book for people who hate investment books and don't have much time
I almost never read non-fiction, especially on this topic. I just find the topic too boring and, usually, the writing too boring. This book was a refreshing exception. Tom Jacobs brings an entertaining, breezy style to a topic which may not interest everyone all that much, but which everyone should read. Reading this book is like sitting down with an entertaining, erudite friend who happens to know a lot about how you should prepare your finances for the future.
This is not a snake-oil prescription for how to get rich quick. It's a smart, hard-eyed look at how to protect yourself and your family through careful and wise investments. The book is simple and straightforward, skipping over a lot of jargon and clearly enunciating a philosophy of investing in the market--avoiding pitfalls and being careful and smart. I recommend it to anyone.