Learn how to protect and grow your wealth with this commonsense guide to investing
You manage your own money. You understand the basics of investing and diversifying your portfolio. Now it’s time to invest like a pro for greater profits—with investment expert David Stein, host of the popular weekly podcast, “Money for the Rest of Us.” He’s created a unique ten-question template that makes it easy for individual investors like you to:
• Invest more confidently
• Feel less overwhelmed
• Build a stronger portfolio
• Avoid costly mistakes
• Plan and save for retirement
Despite what many people believe, you don’t need to be an expert to be a successful investor. With Stein as your personal money mentor, you’ll learn how to make smarter, more informed decisions that can help reduce your risk and increase your gains by following a few simple rules for analyzing any investment. This is how the professionals grow their wealth and how you can, too. This is Money for the Rest of Us.
Brilliant how this book explains the complex world of investing in a very clear and simple way. After this book you will not think anymore that investing only for rich people, people that are willing to take extreme risks, or people that are experts. If you respect the rules explained in the book, almost anybody can get a financial advantage by investing (or at least knows why she/he shouldn't invest at the moment).
Good book with some overall helpful advice. I really think the technical jargon and stuff he uses is really hard to grasp, despite the book being aimed for beginners. A good 25-30% of this book flew straight over my head, but what I was able to understand was great.
The biggest takeaway from the book for me is the understanding of the relationship between bond price and interest rates. When interest rates move up, bond prices move down and vice versa. It was also good to get introduced to the Modern Portfolio Theory(MPT) and what it means to your portfolio.
It was difficult to keep my attention with this one. I enjoyed the podcast but I could've skipped this book. Maybe I'll revisit in a few months or years.
My Slightly Sarcastic But Ultimately Honest Book Rating System:
⭐️⭐️⭐️⭐️⭐️ (5 Stars): This book achieved legendary status in my personal library. I will likely reread it until the pages fall out (or my e-reader spontaneously combusts). Consider this my enthusiastic endorsement – you should probably read it unless you actively dislike joy. ⭐️⭐️⭐️⭐️ (4 Stars): A truly excellent read! I enjoyed it immensely and would heartily recommend it to fellow bookworms. You might even catch me subtly pushing it into their hands. ⭐️⭐️⭐️ (3 Stars): Yep, it was a book I read. I turned the pages, absorbed the words, and emerged...unchanged. It was a pleasant enough journey, like a scenic detour that you wouldn't necessarily take again, but didn't regret. ⭐️⭐️ (2 Stars): This book existed. I finished it. That's about the highest praise I can offer. If you're looking for something truly captivating, maybe keep scrolling. This one's more of a "it filled the silence" kind of experience. ⭐️ (1 Star): Oh dear. This book and I did not get along. It was a literary tumbleweed in the vast desert of good books. Consider this a strong "do not recommend," unless you're conducting research on what not to do in storytelling.
Disclaimer: My enjoyment of the narrator is based on my listening speed. I only leave 5 stars for books I've read/listened to or will read/listen to multiple times. If you like this review please consider giving it a Helpful Vote below.
If you, like me, also believe investment should not be a gamble, but a predicable way to beat the inflation, this is the book for you. Many financial book authors/podcasters speak in a way like they need us, the readers, to become financial successful. While many other authors’ incentives might be selling us stuff, this author’s incentive seems to be his legacy, and he enjoys story telling (I listened to many episodes of his podcast before I read the book).
Waaay too complicated for “the rest of us.” If you’re looking for basics, look elsewhere. I’d recommend The Simple Path To Wealth. If you want advanced strategies, this may be the right book for you. The author shows his portfolio (page 171) which includes MLPs, leveraged loans, art and antiques, and cryptocurrency. Not exactly a basic strategy for “the rest of us.”
Good read for someone looking to expand their investing knowledge. Very well written with a lot of wisdom shared within the easy to follow step by step process
Overall pretty good. Some of it felt like review. Some felt fussier than I’ll ever need to be. So if it seemed to endorse products and investments that I would never think are a good idea.
My library loan expired before I finished. I know enough to understand the author's intent. With a long list of books to sample, I won't check it out to finish.
Seem to be better suited for short form. It is hard to remember and utilize with what seems like a lot of filler. I feel you're much better off listening to the podcast
I really appreciated how in depth this book was. It did make me feel a little better in areas and question other aspects of my individual stocks. It poses some great questions.