The Lazy Person's Guide to Investing - Paul Farrell
Summary
- Some ideas for investing that don't require too much work. Essentially he suggests investing in index funds. The principle is sound, but a few caveats. One is that it is a strongly USA- centered book. Secondly, the idea presented in the first chapter is to invest simply, and the rest of the book is thus rendered unnecessary.
How I discovered it
- Some books recommended by Your money or your life - Joe Dominguez and Vicki Robin
How the book changed me
- It doesn't really apply to the Kenyan context, but a few underlying principles are useful. Don't make your investing overly complex. Invest regularly and consistently, and don't try to beat the stock market.
References
Quotes
- Instead of focusing exclusively on our finances, we should be thinking about the things that truly make a difference in our later years - our health spiritual life relationships with family and friends and having interesting things to do - Ralph Warner
- You need to do your own Thinking. Dont get caught up in mass hysteria. - Jack Scwager