Investing in Your 20s & 30s For Dummies

by Eric Tyson

Take advantage of the decades ahead and invest in your financial future today  You may be at the stage of your life where you’re still watching every penny, but you know the earlier you invest, the more time your money has to work for you.  Investing in Your 20s and 30s For Dummies  provides novice investors with time-tested advice, along with strategies that reflect today’s market conditions. You’ll get no-nonsense guidance on how to invest in stocks, bonds, funds, and even real estate―complete with definitions of all the must-know lingo. You’ll also learn about the latest investment trends, including using robo-advisors to manage your portfolio, relying on apps to make fast trades, and putting your hard-earned cash in digital currencies. Armed with the knowledge and strategies in this book, you can invest wisely, monitor your progress, and avoid risking too much. Today’s investing landscape is changing at record speed, and this book helps you keep up. Find information on the latest tax laws, financial lessons learned from the COVID-19 pandemic, and popular funds for the 2020s.    If you’re a little unsure about stepping into the world of investing,  Investing in Your 20s and 30s For Dummies  gives you the confidence you need to establish a smart investment strategy. Grab your copy today. 

Genres: Finance, Nonfiction, Personal Finance, Self Help, Business, Economics, Money

304 pages, Paperback

Published June 9, 2021

Reviews

[Shay · Rating 3 out of 5]

It’s mostly US related so not very useful for international readers.

[Kit Pang · Rating 4 out of 5]

As someone with no knowledge of investing, I have gained a general knowledge of the terms and concepts of investing as well as gaining the confident to be able to identify the different kinds of investments I can research more. In this small condensed book, Eric Tyson provided a basic overview of the world of investing but more investigation is needed to fully grasp each subject.

Summary
Investing in your 20s and 30s for Dummies is an easy-to-read overview of basic investing. Eric Tyson offers insightful advice, investment warnings and investment strategies for investors who might be just starting out or for those who already have investing experience that might want to refresh their minds.

Content includes:
Part 1: Understanding Investing Terms and Concepts
Part 2: Preparing Your Investing Foundation
Part 3: Beginning Investments
Part 4: Advanced Investments
Part 5: The Part of Ten (Investing Tips)

Main beliefs that are addressed:
•You own personal comfort matters
•Costs matter
•Market timing is much harder to predict than folks realize
•There are better times than others to sell
•Think long-term
•Diversify
•Emphasize value
•Ignore the minutiae
•You are what you read and listen to

Investing in Your 20s & 30s for Dummies
Eric Tyson

[Tracy · Rating 3 out of 5]

Too much "I'll talk about this later in the book" and not enough, "this is how you do it."

[Amy Saunders · Rating 4 out of 5]

An extremely valuable resource. As a 24 year old with no previous knowledge, I am grateful I stumbled across this book. If you read this cover-to-cover as I did, you will notice that the author, Eric Tyson, MBA, made it a point to reiterate important points throughout the book. You end up hearing them just enough times that it almost becomes second nature to you. He truly pieces packs in so much information that is easily digestible within these pages.

If you decide not to read it in this way, and would rather skip around, that is totally do-able too! I'll be honest, there are parts sections that I skipped over because they simply didn't pertain to me and I otherwise would have been in information overload.

I read a review that stated that there was too much "will explain later on in the book" and while I did notice this too, I was more-so comforted by it as a novice. I think that he was using this as a tactic to keep readers intrigued and not feel like they are crazy for not understanding something fully yet, he will discuss it more later and it will all come together. A reminder to be patient with yourself, if you will. Patience is one of the many things you learn to value in a new light after reading this book.

Another added bonus: there are many bonus internet resources sprinkled throughout the book as well.

Do yourself a favor and grab a copy when you have the chance. The only thing I regret is not reading it sooner!

[Caroline · Rating 4 out of 5]

I found the parts on investing in stocks and bonds quite helpful, real estate and small businesses less so at this stage in my life. I finally have some comprehension of personal finance and what the benefits I get from my work actually are, so that's good! While there was a little bit too much self-promotion and I had to keep reminding myself that these are just one person's opinions, overall topics and ideas were explained clearly and laid out in a helpful and logical manner. I think this was my first "for dummies" book and it was just what I needed - a high level introduction that gives me enough information to know what questions to ask and where to look for the answers.

[Niyousha · Rating 2 out of 5]

Should have been named investing in your 50s instead of 20s when encourages to avoid taking big risks in the entire book.

[James · Rating 4 out of 5]

A good financial reference. I would advise picking up the physical book and skip the audiobook.

[Luke Haskins · Rating 4 out of 5]

This was a good introductory read for understanding the basics on investing. I felt like he started using terminology specific to the industry a little too quickly without being clear about defining his terms, but I felt like I understood it well enough because I majored in business in undergrad. That said, lot of his tips and tricks were appealing to long-term thinking, and I appreciated that the information he was giving seemed to be reliable in terms of strategy at the very least. I'll be starting using these here shortly, focusing first and foremost on saving up for some of my upcoming short-term goals, and transitioning to longer-term goals when this season is over.

[Rodrigo Schmitt · Rating 4 out of 5]

After reading highly-acclaimed books like Rich Dad, Poor Dad, The Psychology of Money, and The Almanack of Naval Ravikant, I came to the ultimate guide for investing options with practical advice and minimal implementable steps on investing. Highly recommended to anyone that could use some financial literacy.

The book covers ownership vs. lending investments (stocks, real estate, small business vs. bonds/cash), money market funds, funds/ETFs, retirement accounts (401(k)/IRA/Roth), education accounts (529/ESA), and riskier “other” assets like collectibles and gold.

[Julissa Dantes-castillo · Rating 4 out of 5]

Its a very concise explanation of investing, It doesnt make a differentiation between investing in your 20s and investing in your 30s, it rather just compiles those 20 years on investing in this book, and beside it being targeted to young adult I think it could benefit anybody starting their investing journey.

I gave it 4 stars due to it being an edition for dummies, but most of the info is what you get after a youtube search on the matter, and I didnt learn anything groundbreaking or new.

[Rikki Gee · Rating 2 out of 5]

Really centric to the USA with alot of info about their laws. Drags on and on and lots of info could have been summarised in a table. Outdated by the time of print. Audiobook is worse. Taught me like.... a FEW things that Google and reddit didn't.

[Erica Stratton · Rating 4 out of 5]

Really helpful actually, I feel like I know enough about investing after reading to make good choices when I invest.

[Nina · Rating 5 out of 5]

Great book, with a good list of resources. If you're new to investing this book is a great place to start, though it's certainly not going to create your portfolio for you. I would suggest also reading blogs, popular investing publications (Wall Street journal, Barron's, Forbes, Fortune etc.), and investopedia articles if you're just starting out. Also the investopedia stock simulator is a great place to start if you want to test your theories without using real money. Regardless of all that though, reading this book in full will give you some excellent starting points and a full perspective on the options available.

[Moh · Rating 5 out of 5]

Great comprehensive review of investments for young professionals

I've always been confused about the various types of investments out there. This book did a great job at laying the basics of short term and long term investments. He went into stocks, bonds, money market funds, etfs, real estate, reits, commodities, etc... I especially liked the fact that there was minimal redundancy in the content which made it a very enjoyable read. I also appreciate the fact that the author offers pros and cons for every investment approach without getting too much personal bias.

Strongly recommended for dummy investors or folks who just had a baby like myself.

[J.M. · Rating 5 out of 5]

Investing in Your 20s and 30s is a very useful guide covering all options from savings for a rainy day, expenses within a short term, and saving for retirement. The author guides the readers toward a more cautious approach like index funds within the mutual funds family, but also explains other options, including stocks, as well as bonds, real estate, and small business. I learned quite a bit from this book.

[Kaleem M. · Rating 3 out of 5]

Like with most of Eric Tyson's work, it's a difficult, time consuming, and sometimes painstaking process, but the information contained within is so pertinent to people hoping to achieve and attain financial success through education. Lots of gems about how your lifestyle can affect your ability to save and invest.

[Rachel · Rating 3 out of 5]

Stumbled upon this book at the library, and I thought why not check it out. There were times when I was super into it, and other times I was bored out of my mind like I was back in math, and economics class. There were some useful tips, but I would have rather read a cliff notes version of this book.

[Gemma Hegarty · Rating 3 out of 5]

It's a nice user friendly book for novices targeted for an American audience. Albeit principles will apply to people from other countries, it makes some of the material irrelevant, and unless you know your way around your own country financial system you coukd find some elements offputtinf or confusing.

[Diana · Rating 4 out of 5]

I found some good options in this book. It's very straight forward and easy to understand. I think this is a good starting point for people looking to invest that don't want to start with an advisor right off.

[Kirsten Hayes · Rating 3 out of 5]

This book was ok. I was looking to high level overview of multiple subjects in investing and got some of that but it did not answer all my questions or help with definitions as much as i had hoped for.

[Andrew · Rating 4 out of 5]

A good overview of investing tools from brokerage selection all the way to cryptocurrency investments. The author is knowledgeable and provides many avenues for additional learning opportunities on investing

[Thomas Maluck · Rating 3 out of 5]

I read the 2013 edition from a little free library, and while some of the information is a little out of date when it comes to costs of trading and further benefits of online brokerages, the fundamentals are all sound.

[Babak · Rating 2 out of 5]

Mostly related to the citizen of the USA, and I don't get why this book exists in Europe. But generally speaking, it leads you to the traditional way of investing: don't take any risks, play safe with your money.

[Brittany · Rating 4 out of 5]

This was a very helpful and informative book. Made things easy to understand along with a few little jokes along the way. Definitely recommend it to anyone starting out who wants to understand more about their options for investing.

[Ethan Fleck · Rating 4 out of 5]

Easy enough to read, for what it is. I would recommend reading as a reference or reading more than once. Otherwise, very concise and understandable

[Lynn · Rating 3 out of 5]

A little bit too brief to be extremely useful.

[Chris McCloud · Rating 3 out of 5]

It's a good start for anyone looking to gain more knowledge in finance.

[Nick Thies · Rating 5 out of 5]

Solid intro on the subject of investing

[Jessi Mosley · Rating 4 out of 5]

A really useful overview. There wasn't a lot of new information for me, but it reaffirmed much of what I already knew.

[Gavin · Rating 3 out of 5]

Useful info. Good for reference. Not very engaging.