A welcome introductory work into the thinking of the investor who has a long-term vision in mind, that of retiring early and comfortably. Way too many investors jump into the market with the assumption of quick bucks. Way too many seminars, books, etc. promote the mentality of the day trader, and try to attract novice investors with practically no theoretical background or financial staying power to the world of options and futures.
The Derek Foster book, in contrast, proposes a much more cautios and well-reasoned approach for those who are willing to start early and do not expect to meet the retirement nest egg objective within the first year or so. The proposed strategy works in a remarkably simple manner. Don't go for the promise of quick gain. Go with investment that involves:
- companies whose business you understand
- companies that are recession proof
- companies that have a long and positive dividend track record
I like the STOP WORKING approach for its simplicity.
One caution: the stocks listed in the book (and its follow-up The Lazy Investor: Start with $50...and no Investment Knowledge) may refer to stock that may not be offered or may not match the above criteria any longer.
The Derek Foster book, in contrast, proposes a much more cautios and well-reasoned approach for those who are willing to start early and do not expect to meet the retirement nest egg objective within the first year or so. The proposed strategy works in a remarkably simple manner. Don't go for the promise of quick gain. Go with investment that involves:
- companies whose business you understand
- companies that are recession proof
- companies that have a long and positive dividend track record
I like the STOP WORKING approach for its simplicity.
One caution: the stocks listed in the book (and its follow-up The Lazy Investor: Start with $50...and no Investment Knowledge) may refer to stock that may not be offered or may not match the above criteria any longer.
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