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The 5 Mistakes Every Investor Makes and How to Avoid Them: Getting Investing Right
by
Identify mistakes standing in the way of investment success With so much at stake in investing and wealth management, investors cannot afford to keep repeating actions that could have serious negative consequences for their financial goals. The Five Mistakes Every Investor Makes and How to Avoid Them focuses on what investors do wrong so often so they can set themselves on
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Hardcover, 188 pages
Published
July 22nd 2014
by Wiley
(first published January 1st 2014)
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This is a short read and high impact. The chapters are to the point and there isn't a lot of fluff.
The author attempts to convince you that active trading is a loosing proposition in the long run and that even those who do beat the market from active trading never do so continuously so over any lengthy investment period (20+ years) and you are better off asset allocating your portfolio with an index ETF as your primary risk lever. He claims with his own cited evidence that funds are charging yo ...more
The author attempts to convince you that active trading is a loosing proposition in the long run and that even those who do beat the market from active trading never do so continuously so over any lengthy investment period (20+ years) and you are better off asset allocating your portfolio with an index ETF as your primary risk lever. He claims with his own cited evidence that funds are charging yo ...more
I'm a CPA and a CFP. I'm a fee only advisor and an avid reader of investment books. Most are trash. This one is outstanding. It shares the conclusions you would come to with years of experience and tons of money for research. I highly recommend it. I put it in the top five investment books to read.
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This is by far the most pragmatic book on investing I have read to date. The author is an estate planning attorney who founded what is now the number one registered investment advisory (RIA) firm in the country (Per Barron’s), Creative Planning. The book is a fast read due to Mallouk’s highly entertaining writing style (not to mention its brevity). This will be the book I will likely gift more than any other due to its game-changing, life-enhancing potential. The key lessons: market timing will
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This book was given to me for free by a Certified Financial Planner (tm) which made me suspect that it was going to consist entirely of an admonition to hire a Certified Financial Planner (tm). For this reason, it sat on my shelf collecting dust for over a year before, having found myself on the wrong end of a library hold queue for more interesting fare, I picked it up and read it over the course of a few evenings.
Refreshingly, this book is anything but an admonition to hire a financial advisor ...more
Refreshingly, this book is anything but an admonition to hire a financial advisor ...more
If you have a discussion with the average person about investing, they will often quite frankly tell you that they don't understand how it works and are intimidated by the process. In their minds, it's best left up to those who have a deep understanding of P/E ratios, cash flow, and a plethora of other accounting and finance terminology. The default course of action for these individuals is to either do nothing or hand all their money over to a financial advisor and hope for the best.
Authors li ...more
Authors li ...more
A brief (166pg) and very informative guide to the stock market. Similar thesis to Malkiel's "Random Walk," but in a streamlined text. I recommend this for total newbies before taking a deeper dive with Malkiel. While this was a very well written book, it loses a star for its persistent, distracting, and cornball* footnotes. If you just followed my asterisk, you got an idea of the type of footnotes the author included. Rarely did they add to the text; often did they detract. Overall though, a ver
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I'm lucky enough that, having lived long enough with a job, my steady drip of savings has grown large enough that I can think about where to put it. Of course there are thousands of books in a similar vein, and I'm not one to argue the merits of one over the other. I can say about this one that Mallouk has a pleasant voice and I'm sold on his particular philosophy about investing. There's nothing clever about his ideas. In fact, they are essentially dull: index funds, hold for the long haul, no
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This is, bar none, my favorite book on investing, and likely my favorite Business Read That Everyone Should Read (a very close second is Cialdini's INFLUENCE). You should invest, and you should read this book before doing so, and then do what it says. More importantly, heed what he says about "market corrections" and Recessions, that they are inevitable, and something akin to a natural disaster: prepare for it, without panicking about it or fretting over it. Absolute MUST READ, plenty of great u
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Every investor who thinks (s)he can time the market or beat the market should read this book. This book disproves a number of popular myths (for example, October is the worst month for investment) based on studies from reputed scholars and historical data. A lot of relevant (and funny) quotes from Warren Buffet, John Bogle, Peter Lynch and others. An easy read with less than a couple of hundred pages with lot of charts and graphs. Highly recommended.
I've read my share of personal investment books and I'd out this up there with the top ones. It's a fun (if you're into this sort of thing), easy read filled with good examples, hard data and really practical advice. I bought several more copies for family members and will likely read it again at some point. Well done and worth the small bit of time to consume it relative to the long-term value you're likely to gain.
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Explains concepts and terminologies in a very simple manner with examples that can be understood by anyone at any level of investing . This book is short, enjoyable and straight to the point no nonsense . I’ve learned quite a lot and was pleased with how the content was organized . It’s a prerequisite to reading other investments books and must read for anyone wanting to start in the investing world
Good reminder that timing market does not work well.
Good reminder of good advice that is hard to follow without revisiting the examples and data once in awhile. I would have been interested in the author's view on different retirement plans like 401k vs SEP vs defined benefit. I also would have been interested in his view on insurance and annuity based investments. ...more
Good reminder of good advice that is hard to follow without revisiting the examples and data once in awhile. I would have been interested in the author's view on different retirement plans like 401k vs SEP vs defined benefit. I also would have been interested in his view on insurance and annuity based investments. ...more
Moreover, it wasn't what I expected to get out of this read. However, I completed in two to three sittings and taken brief notes from it. The five to six mistakes, and 10 rules, and learned a minimal amount that helped such as hiring a broker vs. Investment advisor.
Disclaimer: I borrowed an ebook from the library and giving my honest review. ...more
Disclaimer: I borrowed an ebook from the library and giving my honest review. ...more
Certainly good points and important reality checks/reminders, which are helpful even when you already know them to be true, but as with most social science books, there’s a whole chapter for about 2 sentences worth of content and the rest is just repeating it over and over in different forms to drive the point home.
Another straightforward and easy read about the "boring" way to invest. This book goes into more detail with various studies to support his claims about avoiding certain investment mistakes, as opposed to simply giving directives about what to do; the author explains why as well. This is another good foundational book for the budding investor.
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Every individual investor should make this their "pragmatic investing" bible. Will beat you over the head with common-sense, data-backed rules of the road for not making mistakes with your money (note: I've made them all, many times). I want to re-read every year. This is a GREAT book.
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Great book for everyone that is trying to make sense of this 'complex' thing we call the financial market. Very simple and down to earth, but at the same time with solid evidence and clear and strong advice to avoid any of the major pitfalls while investing.
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One of the best financial books I’ve read recently. Offers practical advice + information for long-term success rather than gimmicks and tricks. The information is presented in an easily digestible manner as well. I imagine this will also be a good book to revisit from time to time.
A fantastic, fun, and easy to read book! AND it gives a lot of excellent advice and investing ideas. Not only is this a must read it is a must RE-READ! This book should be in the hands of everyone who wants to retire.
Decent. Packed with resources and fundamental ideas that complete novices will find insightful. Also enjoyed the way Mallouk goes after people.
Suffers from the usual issues with retail investing books: over-reliance on statistics and over-confidence in conclusions.
Suffers from the usual issues with retail investing books: over-reliance on statistics and over-confidence in conclusions.
If you’re new to investing, this is a good book to get you thinking about what to avoid and what questions to ask. If you’ve read a few investing books, this doesn’t offer anything ground breaking, but I did find some good nuggets of useful information.
Clear, actionable, straightforward. It was short, and could have been shorter...and I was confused that the author is an investment manager who is basically saying that you don't need one. But I learned things that I should have already known!
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A must book for all investors.
Excellent book. I wish I read this book when I started my portfolio. I recommend to anyone struggling or about to build a portfolio.
top financial education
Great book discussing and dispelling strategies and myths for sound investing.
Short book with great advice on investing. Includes some humor and a direct writing style.
Amazing Financial book
This is a must read. Easy to read and briskly written. I wish I would
have read this book a long time ago.
This is a must read. Easy to read and briskly written. I wish I would
have read this book a long time ago.
Very good read. Timely also as I’m in the process of selecting a financial advisor.
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“The media's job is not to inform you; it is to get eyeballs. Eyeballs lead to advertising revenue. That means they need people to read stuff and view stuff. Telling everyone things are going to work out just fine doesn't get eyeballs the way feeding into fear does. That doesn't just explain financial news; it explains most of the news.”
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