Blog Author’s Note: I don’t usually read books about investing but this is one amazing book!
This book sparked my curiosity due to my husband’s interest in the stock market and investing. We’ve discussed it over the years but never ‘took the plunge’. The reasons were varied but the underlying reason was … what if we lose our money, and we don’t know what we’re doing!
After reading this book, I feel confident not only in investing in the stock market but in the knowledge we are no longer going in blind.
The author has a gift – he is able to take the complex topic of investing and explain it in simple terms that make sense. He doesn’t pull any punches. Using anecdotes and his personal experience in different markets over the past few years, he also explains what does and doesn’t work. The book is brilliant. It is so user-friendly and enjoyable to read, it doesn’t feel like you’re being educated and learning. You are.
He explains diversification, when to invest, when to sell (and that answer may surprise you) and every other “Must-Know” you will need to make educated decisions. There is so much more I could say, but better idea is for you to buy this book. You won’t regret it.
He explores common perceptions of the stock market and explains why they can be misleading or downright wrong.
For example, and I quote here from the book:
“Therein lies a very important lesson. It’s not the individual buy and sell that creates profit; it’s how the portfolio grows over time.” (Herman VanGendersen -‘Stocks for Fun and Profit’)
After reading Stocks for Fun and Profit, I have an entire new appreciation of the different type of investment returns such as dividends. He doesn’t just say, “This works, you should do it.” He shows how and why it works and then gives straightforward examples.
I learned so much reading this book. I now understand that isn’t necessary to have a large sum of money to invest to get started. Get yourself out of the mindset that you don’t have enough money to invest. You do. Herman suggests taking an hour’s pay a day as your investment start. If you think that’s too much, do what I did and think back to last week. Did I stop at the store for a snack? The gas station? Buy a magazine or some other disposable commodity? Go out to eat? Well, I did, and spent an hour’s pay each day without blinking an eye.
No more excuses for this reader.
As the author says, “Starting early in life is important, but starting is of utmost importance.”
This book is detailed for sure, but not complex which is one of the reasons it’s such a great resource.
I can’t recommend this book highly enough for anyone who has considered the stock market, wants to invest and succeed at investing, but has never been certain how to proceed.
It’s a winner. I wish the author much success.
He deserves it. His honesty and integrity shine.