A compelling argument for index investing. If you heard about investing (usually a sign we’re in a bubble or getting there) and you’re thinking of start investing you should start with this book.It makes a really compelling argument for investing using an index fund and saving time and energy for other things you may enjoy more than researching companies, etc.Over the long terms:- Costs compound badly- Active investors on average fail to produce good results because of the costs of trading and CGT…
Read this guide, undestand it and save yourself a lot of money in fees. I bought this for my wife as she wanted to get a current understanding of investing. She thinks it is very good and would recommend it.Putting it simply the author guides an investor to the sort of products that spread risk, deliver results, and charge low ongoing fees. It particularly warning about some of the costs once they are compounded.
Repetitive, but worthwhile Essentially, keep your investment costs down, and invest early.Then 12 chapters on the details of that.Still glad to have read it.
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