Good for the novice, but a bit over-rated for anybody with experience Went with 3 stars in the end.I would recommend the book to anyone who is new to investing and needs to ensure they will have a comfortable retirement. It provides good evidence for the merits of DIY investing vs holding cash and ‘my property is my pension’. The sections on real (after inflation) returns and the power of compounding may seem obvious but the book provides a clear rationale for the beginner.A few minor issues are ignored- no mention of stamp duty or…
A life changing book… A couple of years ago, I purchased on recommendation the amazing book “The Richest Man in Babylon” by George Samuel Clason written in 1926 which offers an outstanding fundamental and effective education in finance for everyone. This got me interested in really handling my finance and knowing more about it. But where to start! Andrew Craig’s book is the natural follow on to Clason’s book expanding the subject and explaining what is happening currently and how to literally own the world…
Very informative Although, I know next to nothing about finances, this book was an easy read and taught me a lot. I have one small criticism though. On the example of how powerful compounding is, the author states that if a wealthy relative invested Â£5000 on the day a child was born, it would be worth Â£945,000 on the child’s 55th birthday. I would like to know how much this money would actually be worth in terms of purchasing money after 55 years of inflationary erosion. Perhaps the author should have included…
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