The Smartest Investment Book You’ll Ever Read audiobook

Pretty repetitive.. and even though it makes some good points effectively, it doesn't offer a ton of insights.Basically, the (4-step) recipe really is simple. If you can subtract your age from 100, then the hard math is done. Then Solin tells you exactly which no-load, index funds to buy depending on which brokerage you want to use, and in what proportions to mimic "the market". Besides re-balancing the investment proportions each year ... that's it.This book is good if you need a reminder or more convincing that active mutual funds tend to generate poor results, and that everyone on Wall Street is trying to take your money. Also great if interested in learning about the benefits of index investing.

Strong, but better for a US audience.

I would have given this book five stars as its principles are profoundly simple and yet completely accurate, but about 3/4ths of the way through the book the author states two inaccuracies. 1) “Most portfolios should never be more than 80% stocks as the difference in return is ‘merely’ .7% and the volatility is considerably less.” That would be a difference of over $600k in my own portfolio investing over a 30 year time horizon. I’ll take the volatility and save the “safe” bond addition when I’m closer or in retirement. 2) After heralding the fallacy of stock picking he proceeds to advertise for his own investment company saying they can pick index funds better than others. Huh? My advice for what it’s worth: invest 100% in a broad market index fund such as a Total Stock Market Index Fund until 10 years before you plan to retire. Then start lowering your risk by reducing your equity exposure by 10% each year until you are 5 years away from retirement. At that point you should meet with a fee only financial advisor to effectively plan your retirement. This is something not recommended in the book.

Pretty good. Oversimplifies some things for the purpose of avoiding in-depth discussions of things target readers of this book don't care about, so while it irked me slightly in places as a finance major, overall a good read, very good and must read for most of the population.

This book is somewhat repetitive, but it gives a nice overview of possible variations of investment portfolios (taking into account your circumstances and the risk you are willing to take). It also offers advise on how to manage your investment by yourself without utilizing services of financial advisers. I am a complete beginner in investment, and this books gave me hope that I can actually do it myself. This book does not provide any technical details, but it puts your mind in the right state.

This a great book and short read. The entire book is explaining how the system is designed to rack up fees to make brokers a ton of money by selling the lie that they can predict the market. It reminds me of how banks make their money on the backs of ridiculous overdraft fees and other shady dealings. Dan Solin presents some great arguments backed by research about why trying to beat the market is a bad idea. I’m a new investor and definitely learned a few things about index funds and asset location. Best of all, I was able to finish it in one sitting because it’s so short and to the point.

Quick-paced and understandable.A few notable items include:- What small investors need is something very simple to implement: 1- low transaction costs; and 2- appropriate asset allocation. (ch. 35)- 4-step process: 1-decide on your asset allocation; 2- open an account with one of several fund families (see ch. 38); 3- invest the funds (stocks & bonds) in your portfolio in certain index funds (described throughout the book); and 4- rebalance your portfolio 2x per year to keep your investments aligned with your proper asset allocation. (ch. 36)

I read Tony Robbins book and found this one much shorter…..but a lot of the same info. Worth reading or listening to but take notes. Markets change but this book has the right principles and even some specifics.

Although this is a classic investment advise book, the book can be summarized in a 6 pager document. I know it takes some convincing for some people to agree with what Daniel R. Solin says, but even considering that, this book is pretty long.

A great book for someone considering ditching their portfolio manager, or wondering how to start their investment portfolio. It’s a quick read full of clear and strong arguments for managing your own portfolio. Recommended for anyone with under 1M in their online investment portfolio.

Quite straight-forward, and I understand why brokers and hyperactive managers do not like this book - it gives a very clear summary of what is happening in the background of a hyperactive managed fund.

common sense advice for investing and easy to read.

Sugerencia de 4 ETFs para invertir

Buy index funds: Ok that’s the book.