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How I Invest My Money: Finance experts reveal how they save, spend, and invest

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3.75  ·  Rating details ·  781 ratings  ·  84 reviews
The world of investing normally sees experts telling us the "right" way to manage our money. How often do these experts pull back the curtain and tell us how they invest their own money? Never. How I Invest My Money changes that. In this unprecedented collection, 25 financial experts share how they navigate markets with their own capital. In this honest rendering of how th ...more
Kindle Edition
Published November 17th 2020
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Average rating 3.75  · 
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Start your review of How I Invest My Money: Finance experts reveal how they save, spend, and invest
J B
Nov 22, 2020 rated it did not like it
I wanted to like this book. I finished it in 3 days. It offers very little practical advice, but rather a collection of personal views on money from financial advisors that all sort of run together.

There was perhaps one chapter of any value. It is more or less a summary of emails from 15 or so advisors that probably took all of 3 hours to collect and publish

Disappointing
Kevin Scott Olson
Mar 03, 2021 rated it it was amazing
Have you ever wondered how money managers invest their own money?

This book directly addresses that question. It consists of short chapters, each written by a different money manager, that explain how they invest, not their client’s money, but their own money.

The result? For those willing to mine these essays, a mother lode of wisdom awaits. I read the book in one evening, then decided I would get more out of it if I re-read a chapter a night and allowed time to reflect on each one.

The contribu
...more
Mark Hillick
Nov 23, 2020 rated it really liked it
Look behind the curtains

Refreshing and insightful read into how “finance” people manage their own investments.

The book is a series of clearly written personal stories from each person providing:

- details on the background
- explanations on what money means to them
- the how and why they invest
- information on what they hope to achieve from said investments

The term “human capital” came up many times and there was a consistent theme throughout the book of “wanting to use their proceeds and gains” f
...more
Andrew D
Dec 07, 2020 rated it it was ok
You'd be better off reading The Psychology of Money by Morgan Housel or The Geometry of Wealth by Brian Portnoy, both of whom are featured in this short read. A lot of the content hear reads like self-congratulatory blog posts without much actionable advice about how to allocate a portfolio and why. ...more
Honk Honkerson
Dec 13, 2020 rated it it was ok
Realistic and pragmatic overview of how some of the best finance experts manage their money. Many of their decisions are shockingly simple and replicable.
Javier Rivero
Jun 28, 2021 rated it really liked it  ·  review of another edition
Interesting insight on how wealth managers actually invest their own money. Not surprisingly, most of them do it through holding good ol’ low cost index funds
Sophy
Nov 16, 2022 rated it it was amazing
I like this book.
Ryan Goodyear
Jun 29, 2021 rated it liked it
Shelves: personal-finance
This book is a collection of essays. Some are well-written and some read like slightly lengthy emails that lack editing. A couple are absolute gems. A couple demonstrated some rather shocking misconceptions from so-called experts. Very few of these people are the true A-list thought leaders in the personal finance domain. There was a surprising lean towards actively managed mutual funds, with a decent amount of behavior biases threaded into that choice. I'd love a second edition with essays from ...more
Matthew Cahill
Jan 08, 2021 rated it really liked it
Shelves: personal-finance
How I Invest My Money is a concise, insightful series of essays by personal finance experts and financial advisors about how they invest their own money and - perhaps more intriguing - why.

I enjoyed the diverse perspectives provided by this collection of essays. It was interesting to see the many different ways the contributors invested their money and refreshing to see that most all of them "drank their own Kool-Aid" by using the same approach and investments they recommend to their clients.

Whi
...more
Justin Johnson
Oct 15, 2021 rated it it was amazing  ·  review of another edition
I enjoyed reading this book and will definitely reference some of the chapters in the future. This book was great for me because I'm about year in seriously investing in the stock market and in crypto and hearing other people's investment/money stories is not only inspiring but also very entertaining. This book confirmed that there is no one size fits all when it comes to investing. And I think that's one of the few reasons why it turns so many people away from investing. I find comforting to kn ...more
Ed Burhop
Jul 06, 2021 rated it it was ok
I was looking forward to reading this. However, once you get past Morgan and Christine Benz, most of it is incoherent and they don’t give you much except childhood stories and a general view. One guy puts his money in art and booze. Don’t think I would hire many of them A few even run off into social justice warrior territory. Save your time and read Morgan Housal’s book the Psychology of money instead. It includes his chapter from this book and is 10 times more useful.
Susanne
Jul 16, 2021 rated it liked it
Shelves: adult
This book is worth reading for the essays that resonate with your own experiences with finance, saving, and investing. I was sometimes surprised and mostly comforted by what the contributors have to say. There are insights here and there that I plan to follow up on, but this is not an investment advice book—it’s more like visiting the home of professional chefs and seeing how they really cook for themselves and their families.
Todd Lukasik
Feb 03, 2021 rated it liked it
Great idea for a book and some really great examples and concepts presented. As might be expected with chapter contributions from so many different authors, readers will likely come away with bits and pieces of useful info from certain chapters/authors, rather than getting value from every chapter in the book.
Nujud Alaql
Jun 05, 2021 rated it it was amazing
Shelves: english
 What do you own, and why?
 You have to find what works for you. Here is what work for me.
 You should have high saving rate.
 The simple investment strategies can work great as long as they capture the few things that are important to the strategy’s success.
 No matter how we save or invest I am sure we will always have the goal of independence.
 There is frequently a gaping hole between the life people say they want and the life they live.
 It is not how much you save; it is how much you spen
...more
Hunter Satterfield
As an investment advisor and passionate reader I have told many people over the years that most books about investing are terrible. I have read hundreds of them and only strongly recommend maybe 10 of them. Add this one to the list.

I will say that this book is excellent for one of two people: 1) investment advisors and 2) folks really interested in investing. Everyone else should stay away and just hire an investment advisor or open an account at Vanguard, fund and invest it, and throw the login
...more
Chris Boutté
Feb 14, 2021 rated it it was amazing
My review of this book is going to be a little bit different, but as a recovering drug addict and alcoholic, I really appreciated this book. Why? Well, I'm a new investor, and this book is a collection of short chapters from a lot of successful investors. Brown and Portnoy decided to ask a bunch of financial planners how they invest their money, and it reminded me of 12-step meetings. In a 12-step meeting, you listen to people who are doing the thing you want to do (in this case, investing wisel ...more
João Paulo R
May 23, 2022 rated it liked it
Bit of a disappointing reading. The premise created high expectations for me, because it is indeed rare to hear from successful investors not only on how they invest, but also manage their own money. However, after a couple chapters it quickly loses its trail. Some chapters sound A LOT like the self-congratulatory stuff you read daily on LinkedIn. Others like some blog post with no real insight. And some I'd even say sound like nothing but bragging for 5 straight pages.

I found 2 (3 max) chapters
...more
Hilary Baumann
Jan 15, 2022 rated it really liked it
This is NOT a how-to book.

I will say I kind of had mixed feelings reading it. I think I did go in expecting to see more practical advice which it’s not. Think about it more like personal one-sides interviews with people in the industry.

However I liked seeing the different perspectives on how people were investing their own money and why.

It shows how drastically different people are when investing based on their lives and goals. And it gave me some new ways of looking at some things I’ve been thi
...more
Rebecca
Dec 08, 2020 rated it really liked it
Shelves: finance
This is a different kind of financial book. It consists of a series of essays by people who work in the business, often advising other people how to invest their money.

It's amazing how many of them go against standard investing advise -- keeping a large percentage of their liquid assets in cash, paying off their mortgage, using index funds instead of actively traded accounts. Others talk about making investments not in money but in capital -- hiring the right people and keeping them happy. Buyi
...more
Clif Cody
Feb 21, 2021 rated it really liked it
The personal stories and financial transparency in each chapter (a total of 25, each authored by a different industry professional) make this book great. Acting against sensible / research backed advice is an unexpected common thread, though (sometimes) logical when you consider the emotional dividend and positive psychological returns (i.e. holding excessive amounts of cash, paying off your mortgage early, ex.). Definitely not a how-to book, designed to have readers emulate certain strategies; ...more
James
Dec 06, 2020 rated it it was amazing
This is a good easy read with wisdom

So you buy this book and you can either read it all in one sitting, or put it by the nightstand and read a chapter each night for a couple weeks. I chose the latter cause it gave me time to think on the wisdom and experience. I love how these are people writing about what they do rather than yet another ‘you should’ book. The result is inspiration for me to write my own version for my own life.
Matt Pevic
Dec 18, 2020 rated it really liked it
Great! Nice to hear from titans in the investment community about how they invest. Strong themes of paying off debt early and having a vacation home which is food for thought. Ultimately, this helped me to realize my next step in my own investment of my family's wealth. I've grown our own wealth, I've started diversifying our own wealth and now want to apply our wealth to the things that matter most: family, friends, charity and community. ...more
Keith
Jan 29, 2021 rated it it was amazing
Insightful

I found this a great read. I was surprised by how normal the life, family, investing experience was for all these successful contributors. Sometimes perhaps it’s easy to think others have more fortunate and dazzling lives. This book showed similar stories we all have. It was inciteful, the investing styles, sometimes contradictory to each other. I’m glad I read this and recommend it for others to read.
Renato
Sep 19, 2021 rated it it was amazing
One of the must reads to guide your personal financial journey!!!

An instant classic books to add to the personal finace greats!!! Does not provide a single theory or a single point of view but an amalgamated integral view into the personal finance philosophy and real lives of some of thr greatest money managers of our time!!! Simple, easy to read profound messages on personal financial philosoyfor us all!!
Alain
Apr 05, 2022 rated it it was ok
I did not like the concept of this book. There is nothing you can learn. It is just a summary of the investment strategies of famous (wealthy) people (and some of them are not even that famous actually).

The good part about it: You can read it in 2-3 hours. So at least it's not a complete waste of time. Moreover, it has some references in it to other books so at least my "want to read" list has increased by 3-4 titles after reading this book.
...more
Philip J. Statz
Apr 14, 2022 rated it it was ok
Sadly not what I’d hoped

I thought I’d find wisdom, consistency. Or something redeeming, from a field rife with salespeople. This book highlights the later. Randomness. justification. Their truths maybe - but surely not wisdom. I’d never give my money to the majority of these - up and coming stars. Makes me sick that some of these people even garner those labels. Definitely a bad taste in my mouth.
Ana Rita Silva
May 01, 2022 rated it it was amazing
Each expert writes a short piece about their history and attitude towards money, so you can quickly read one chapter and then spend some time taking it in and reflecting on whether you relate to that expert.
I enjoyed reading this book even as someone who doesn't know much about the investing world (yet) because it gave me a good idea of which things to focus on when I try to learn more. I'll probably come back to read it again once I understand more finance terms eheh
...more
Jim  Woolwine
Sep 02, 2022 rated it really liked it
several thoughts:

investing is idiosyncratic.

I really wonder if the financial advisors who invest in funds or ETFs give similar advice to their clients. If I were a client I don't think I would pay for that kind of advice. I'll pay for more thrilling options.

Emphasis on charitable giving is heartening.

The role of growing up in a less affluent environment is more impactful than I would have guessed.



...more
Michael J Masland
Dec 05, 2020 rated it it was amazing
Filled with great ideas and concise summaries.

- lots of information that can be leveraged for your own personal financial plan.
- lots to learn about what is important to money managers and why. Tax implications, rainy day funds, individual stocks, betting on art, cash flow, bonds, passive vs active — it’s all in there. Good stuff
William Hillock
Mar 14, 2021 rated it really liked it
Quick read - I enjoyed this book and the lessons learned from each of the various contributors.

US focused, but as a Canadian the options available are pretty similar.

Money may not necessarily buy happiness, but having it can reduce stress / anxiety / concern, allowing you to focus on other areas in life that are important and add value to you.
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“My investment philosophy changed when I read Charles Ellis’ book Winning the Loser’s Game. The book was given to me by my employer at the time, Michael Goodman, founder of Wealthstream Advisors, Inc. Ellis convinced me that trying to beat the market is a losing proposition. In golf, par is a good score, and avoiding bogeys is more important than making birdies. Very few professional investors beat the market consistently, after accounting for the costs. The most important takeaway from Ellis’ books is that the market return is a good return. The proliferation of low-cost index funds means that the market return is ours for the taking, if only we accept it. I have not purchased an individual stock since reading that book.” 0 likes
“It is widely accepted that anything that reduces short-term volatility must also reduce long-term return.” 0 likes
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