I’ve Paid For This Twice Already…

Wise Investing Made Simple: Introduction

My next book review is Wise Investing Made Simple by Larry Swedroe. I was given this book by Pinyo of Moolanomy, because he thinks it is a great book and wanted to pass it on, and he probably thinks I need the help. And he’s probably right.

Before even receiving the book, from the title and the synopsis I had read about it, I basically thought it would be a book with one message: Invest in Index Funds. Navigating the personal finance blogosphere, that strategy is touted as the way to go for many people, and when I hear “investing” and “simple” in the same sentence, that is what my brain jumps to. I’m looking forward to getting into the book in detail and seeing if my initial assumption is right, or if there is a lot more to it than that. I don’t think there can be a *lot* more to it, or it wouldn’t be “simple”, right?  But I’ve been wrong before.

I was interested in seeing how someone was going to turn that advice into an entire book, and also learn more about index funds in general, because all I know about them is that they follow an index. Meaning their investments mirror a group of stocks as a whole, I think, like the Dow Jones Index.  I think.

Okay - now we see I still have a lot to learn and understand, and why I thought this book would be interesting.

When I received the book, I leafed through it, and it seems that the book is organized into very short chapters, some which relate a story to illustrate a point, and some which are full of information relating to the stories and explaining what they mean in terms of investing. There are 27 chapters, and I won’t be reviewing them one by one like I did with Smart Couples Finish Rich, but I am going to break my review into several parts (probably 5 or 6) and review a chunk of the book at a time and my reaction to it, and what I think I’ve learned and can apply to my own situation. I’m excited to read this book and digest it and come up with what I think of the advice overall, and how accessible it makes understanding investing to me, the novice.

So that’s what will be going on here Fridays at lunchtime for the next few weeks. Learn about investing along with me! Once we all have some money (it’ll happen!), we’re going to need to know what to do with it….

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