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Millennial Money: How Young Investors Can Build a Fortune

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3.68  ·  Rating details ·  383 ratings  ·  42 reviews
Fact: the Millennial Generation will not be able to rely on pensions and social security in retirement. Instead, they will have to save and invest in the global stock market to meet their goals. When it comes to thinking about money, Millennials are, as a generation, different from their parents. They are skeptical of expert advice, yet more committed than baby boomers to ...more
Hardcover, 224 pages
Published October 14th 2014 by St. Martin's Press
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Average rating 3.68  · 
Rating details
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Kris Troy
Jun 29, 2016 rated it liked it
This book is more of an investment pep talk. it's a lot of fluff and very little substance. There were probably four pages of factual help. I suggest borrowing this from your library, taking a few notes, and promptly returning it. ...more
Peter S
Apr 04, 2019 rated it really liked it
The thesis of the book is: time is our biggest ally as young people - so make sure you use it. Compounding accelerates, so if you give yourself 50 years to grow your wealth steadily you will be so much better off if you give yourself 40 years or 30.

Being risk averse as a young person is backward. The stock market has never had negative returns in any 20 year period in its history. Bonds, cash + gold (but not really - don't buy gold) may be safe is some 1 year increments, but in the long run the
...more
RoWoSthlm
Mar 27, 2018 rated it really liked it
I wish I had this book when I was in my twenties. For those who have been involved with investment strategies for a while, it would be mostly a repetition of many known ideas. Nevertheless, the book is very considerate written. Patrick O'Shaughnessy proposes and elaborates on his investment strategy, which is based on five well-known and widely practiced parameters. There are a lot of good and classic advices in the book, whereas the main message, skilfully explained by Patrick, echoes throughou ...more
Colona Public Library
Jul 16, 2018 rated it liked it
Shelves: non-fiction
This was more of a book to encourage young investors. So, I feel like I was introduced to a lot of new things, but I didn't really get to learn about them too much. Some of this book was right on target for me and some of it was a little confusing. I'm eager to perhaps pick up this book again when I learn some more about investing. I think there is some solid advice here so I would recommend this book. ~Ashley ...more
Chelsea Lawson
May 16, 2018 rated it really liked it
This book is a gem. O’Shaughnessy provides clear, compelling arguments for how Millennials should invest their money and gives readers the tools to needed to dive in. Plus, it’s readable and funny.

This quote sums up the main takeaway: “We must remind ourselves that risk must be measured relative to our time horizon; stocks are risky over the short term, but they are the least risky asset over the long term.” Within the category of stocks, some strategies are smarter than others (the ‘Millennial
...more
Marblz50
Feb 04, 2020 rated it really liked it
Shelves: investing
Pretty good, lots of statistics and interesting facts near the end.
Tristan
Aug 01, 2018 rated it liked it
If you are a young investor with savings but no investments, this is a great primer on why you should invest in the stock market ASAP. Contrary to common belief, keeping your money in cash/savings is much riskier than investing it in the market, because inflation will devalue the money you have.

O'Shaughnessy has some basic recommendations like: invest globally, go for a Smart/Alternative Index Fund rather than a Market Index Fund (the former, though volatile, will beat the market in the long-ter
...more
Jeremiah Tesch
Oct 20, 2020 rated it really liked it
This is a good introduction to the stock market and a reminder to be smart with our finances. He points out that time is our greatest advantage as the younger generation and also breaks down the stock market, which to us by initial impression seems complicated and risky, into something more accessible and profitable. He provides simple tools and advice to lead to a successful investing career. I think the emphasis on long-term thinking is very important and applies to other areas of life as well ...more
Hunter Satterfield
Jul 11, 2018 rated it it was ok
Ugh sort of a mess. It is a personal finance book written for 20 somethings, but it is too simple at certain spots and then too complex at others. Not recommended at all. For those interested in something like this the best book I have ever read on the subject is still, "A Wealth of Common Sense" by Ben Carlson. ...more
Natalie K
Oct 29, 2019 rated it it was ok  ·  review of another edition
Shelves: nonfiction, finance
I was all set to give this three stars—the author does make some good points. Millennials need to invest the stock market and getting exposure to international markets isn't a bad thing. However, he kind of went off the rails midway through the book with his "Millennial Money Strategy" which involves buying individual stocks. For the vast majority of investors, buying individual stocks gives your portfolio a lot of concentration risk and is a good way to lose a lot of money really quickly. I was ...more
Bill Kasakoff
Feb 22, 2015 rated it liked it
Young people should should be contributing to their retirement plan at work, if there is one. But too many are not listening to this important advice. I think I am the only one who borrowed this book from my public library! I guess that they are planning on living longer and working until they are 85. Sorry Patrick; I don't think many young people are listening. ...more
Vinny
Jun 30, 2017 rated it really liked it
As a complete novice to investing with a strategy I greatly appreciated the advice in the book. I like the overarching message of patience and prudence through a contrarian strategy. It fits nicely into a stoic mindset.

Time will tell if the advice is salient after I put the strategy into action, but on sheer principles I agree with all the points he makes.
Meg
Sep 08, 2021 rated it liked it
Boiled down: use young age and compounding interest to your advantage; invest in foreign markets. Hang onto your stocks through periods of volatility; do not trade based on gut instinct or bad headlines.
Milan Pansuria
Aug 24, 2017 rated it liked it
Good read for beginners into stock market and who are looking for a good start to investing. Although it is not a guide for investing.
Meghan West
Oct 01, 2017 rated it really liked it
Great beginner's guide, but I believe he could have been more concise. ...more
David
Sep 27, 2021 rated it it was amazing
For the beginner investor this, after Joel Greenblatt's 'Little Book That Still Beats The Market', is just about the best place to start.

Investing is a complicated subject and so I've seen critique that in some places Patrick's writing is too brief or too complicated, but that, I feel, is part-and-parcel to the distillation of such a subject for legibility and use by the wholly un-initiated.

This book is a useful foundation for understanding the "why", and the basics of investor psychology. For
...more
Sharan
Apr 23, 2019 rated it liked it
Author talks about the reasons on why millennials should invest in Global Markets. Invest in low cost global index funds, ETFs, Gold if you are interested. Do not stock pick and be wise in investments. That's all!
I rate it as 3.0/5.0. At this point I have pretty read all major finance books. For me, author just re-iterated the same philosophy that everyone talks about in their books. Like I said, invest in global markets using low cost index funds. make use of your 401K. Nothing new! Again, if y
...more
Joe Andrukaitis
Oct 23, 2017 rated it really liked it
Shelves: money
The first hundred pages are some of the best plain-language financial writing I've ever read. As an older millennial, I really wish I could've read this when I was younger.

The second half gets a little repetitive, a little confusing, and maybe even a little contradictory at times. But still, a good read overall. If you're a beginning investor who doesn't know much about the stock market, this is a fantastic introduction.
...more
Bryan Bouchard
Jan 01, 2019 rated it really liked it
It's a good approach for the investor who is disciplined enough to stick with the same approach for the LONG TERM. When it comes to stock market investing, human nature tends to cause us to deviate from our strategies, especially during the worst times. You're better off not paying any attention to the markets. Set it and forget it. This is not for the active investor. ...more
Casey Bell
Jan 06, 2018 rated it it was amazing
This book helped me to understand investing much better. I was completely closed minded about investing and it is nothing of what I thought it was. I read this book and a few others and I am now starting to fly this plane called investing.
Vivek Bhadouria
Jan 01, 2019 rated it liked it
This books clearly explains the concept of inflation and what’s happens to your money if you always keep it liquid. May not be the best book on investment but can be a good read for a novice.

I gave three stars because sometimes I felt that that the author is over explaining the trivial stuffs.

Angela
Dec 28, 2020 rated it liked it
This review has been hidden because it contains spoilers. To view it, click here.
John Cardelli
Jan 30, 2017 rated it really liked it
I really enjoyed this book (Although I caught many spelling errors). It was a great insight to another way of trading. Trade Globally, Who would have thunk it. Great book.
Wesley K. Brown
Jun 05, 2017 rated it liked it
Some good points here. A few things missing though.
Ben Wong
Nov 01, 2017 rated it it was ok
Generic book written under the guise of being tailored to millennials. Buy and hold cheap stuff with no stop loss strategy. Right...
Natasha Kaniaru
Sep 10, 2019 rated it really liked it
Very eye opening. I loved it!
Elizabeth Gafford
Jan 30, 2020 rated it really liked it
This book was at the level I needed. I wish someone taught me this stuff sooner!
Marek Dorsz
Mar 24, 2020 rated it it was amazing
As David Bowie will sign, for absolute beginners. I love it as it is my first step into this topic. Knowledge is well structured.
Doug
Mar 29, 2020 rated it really liked it
Pretty good starter book for those with little experience investing. Good focus on basic concepts in a way that anyone can understand.
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Portfolio manager and author Patrick O'Shaughnessy helps investors succeed in the stock market using research based on 90 years of market performance patterns. An expert in investment strategy and investor behavior, the author of Millennial Money: How Young Investors Can Build a Fortune is also a contributing author to the national-bestselling fourth edition of What Works on Wall Street: The Class ...more

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