Comments on: Review: The Lazy Person’s Guide to Investing http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/ Simple, applicable personal finance advice for the modern world Sat, 21 Nov 2009 19:22:21 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: almost there http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-696523 almost there Sun, 14 Jun 2009 02:59:47 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-696523 I just finished reading this book. I got scared off by my 25 years investing in an IRA has yielded a negative balance. I hope to get back into a couch potato portfolio. I did one of the things relating to compound investing. I set up a roth IRA for my son. This year it will have 25K invested and that is my gift to him. So, from 21-70 we hope it does great. vanguard 500 index fund. Of course it is down now. I just finished reading this book. I got scared off by my 25 years investing in an IRA has yielded a negative balance. I hope to get back into a couch potato portfolio. I did one of the things relating to compound investing. I set up a roth IRA for my son. This year it will have 25K invested and that is my gift to him. So, from 21-70 we hope it does great. vanguard 500 index fund. Of course it is down now.

]]> By: MoneyEnergy http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-673400 MoneyEnergy Mon, 25 May 2009 22:01:03 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-673400 I can attest to the lazy power of DRIPping. I have about 17 different DRIPs - I would advise only getting involved in fee-free DRIPs. That's the whole point. If you have to pay a fee for each reinvestment, you might as well go the regular broker route, because those will add up over time. At first I even thought (from the title in your tweet alone) that you were referring to one of Derek Foster's books on DRIPs. I haven't read the one you mention here. I can attest to the lazy power of DRIPping. I have about 17 different DRIPs – I would advise only getting involved in fee-free DRIPs. That’s the whole point. If you have to pay a fee for each reinvestment, you might as well go the regular broker route, because those will add up over time.

At first I even thought (from the title in your tweet alone) that you were referring to one of Derek Foster’s books on DRIPs. I haven’t read the one you mention here.

]]> By: anjeee http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-413798 anjeee Mon, 10 Nov 2008 16:10:07 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-413798 You wrote: "7. Strategy Three: Compounding Wins Each year you’re invested, your money goes up by a certain percentage." Not only is that not true (as every one who lost a lot of money this year knows), but it is also irresponsible to say to your readers. Your money is NOT guaranteed to go up each year - there ARE no guarantees in the market! Some years it goes DOWN. You wrote:
“7. Strategy Three: Compounding Wins
Each year you’re invested, your money goes up by a certain percentage.”

Not only is that not true (as every one who lost a lot of money this year knows), but it is also irresponsible to say to your readers. Your money is NOT guaranteed to go up each year – there ARE no guarantees in the market! Some years it goes DOWN.

]]> By: Katy http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-108957 Katy Tue, 13 Nov 2007 12:47:16 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-108957 And He has a free pdf file called 'the Millionaire Meditation'. Google it. Wonderful! And He has a free pdf file called ‘the Millionaire Meditation’. Google it. Wonderful!

]]> By: LTruslow http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71657 LTruslow Sat, 15 Sep 2007 12:10:25 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71657 This is an excellent book. Dr. Paul Farrell advice on the markets and investing can be found weekly on marketwatch.com This is an excellent book. Dr. Paul Farrell advice on the markets and investing can be found weekly on marketwatch.com

]]> By: finance girl http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71481 finance girl Fri, 14 Sep 2007 23:12:03 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71481 wrt #19, eh? Many ETFs don't have an index fund equivalent and ETFs have lower expense ratios (most). It definitely makes sense to go the ETF route if 1) it's a one time lump sum purchase (e.g. 3k or more), and 2) if you are going to be keeping it 5+ years. trade commissions should only be around $10 (otherwise you need to shop around for a new brokerage!) so wrt #19, eh? Many ETFs don’t have an index fund equivalent and ETFs have lower expense ratios (most). It definitely makes sense to go the ETF route if 1) it’s a one time lump sum purchase (e.g. 3k or more), and 2) if you are going to be keeping it 5+ years.

trade commissions should only be around $10 (otherwise you need to shop around for a new brokerage!) so

]]> By: Ryan http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71459 Ryan Fri, 14 Sep 2007 22:30:10 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71459 Very good review. My favorite portfolio is the total stock market, total int'l stock, total bond market, money market (for emergency fund). That's a little more well rounded (includes some small and mid cap stocks and adds int'ls) and it doesn't try to outsmart the market by adding value indexes, etc. www.diehards.org is the best for this kind of investing. Very good review.

My favorite portfolio is the total stock market, total int’l stock, total bond market, money market (for emergency fund). That’s a little more well rounded (includes some small and mid cap stocks and adds int’ls) and it doesn’t try to outsmart the market by adding value indexes, etc.

http://www.diehards.org is the best for this kind of investing.

]]> By: Dave http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71369 Dave Fri, 14 Sep 2007 20:09:33 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71369 Paramveer, Have you tried looking into some of the funds mentioned, namely Vanguard? Typically, load funds perform on par with their no-load peers, but charge you the load for the privelege. So yes, if you only have load funds to choose from, go with the lowest you can. It's really not more complicated than that. Also, have you considered ETF's? You pay a brokerage fee to trade them, but no loads. Paramveer,
Have you tried looking into some of the funds mentioned, namely Vanguard?
Typically, load funds perform on par with their no-load peers, but charge you the load for the privelege. So yes, if you only have load funds to choose from, go with the lowest you can. It’s really not more complicated than that.
Also, have you considered ETF’s? You pay a brokerage fee to trade them, but no loads.

]]> By: Paramveer Singh http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71335 Paramveer Singh Fri, 14 Sep 2007 19:07:13 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71335 Hey, I live in a country (India) that doesn't seem to have the concept of no-load MFs. Everything I see has some load - at least for the common man. You do have no load funds if you have larger amounts to invest (in the range of 500k USD) I know you keep recommending no load funds here, so I was wondering: Would you advise me to pick the lowest load funds of all? Or is it slightly more complicated than that? Hey, I live in a country (India) that doesn’t seem to have the concept of no-load MFs. Everything I see has some load – at least for the common man. You do have no load funds if you have larger amounts to invest (in the range of 500k USD)

I know you keep recommending no load funds here, so I was wondering: Would you advise me to pick the lowest load funds of all? Or is it slightly more complicated than that?

]]> By: Anna http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71320 Anna Fri, 14 Sep 2007 18:08:20 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71320 Thanks for this review, Trent. I'm still working on paying down my debt, but I know that when I start investing, I won't want to pay too much attention to it. This book sounds like a good way to get started. :) Thanks for this review, Trent. I’m still working on paying down my debt, but I know that when I start investing, I won’t want to pay too much attention to it. This book sounds like a good way to get started. :)

]]> By: FIRE Finance - Investing Philosophy http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71307 FIRE Finance - Investing Philosophy Fri, 14 Sep 2007 17:32:54 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71307 Nice round up Trent! This is one of the earliest books we read when we were about to start our investing. We liked it immensely, gives us a very simplistic model about investing. Consequently it also helped in framing our investing guidelines which has stood us in good stead till date. Nice round up Trent! This is one of the earliest books we read when we were about to start our investing. We liked it immensely, gives us a very simplistic model about investing. Consequently it also helped in framing our investing guidelines which has stood us in good stead till date.

]]> By: Mrs. Micah http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/comment-page-1/#comment-71298 Mrs. Micah Fri, 14 Sep 2007 17:19:25 +0000 http://www.thesimpledollar.com/2007/09/14/review-the-lazy-persons-guide-to-investing/#comment-71298 Great! I want to start small with my investing and not have to pay too much attention to it. I'm hoping to learn more as the years go on, but I want to begin somewhere. This book sounds perfect. :-) Thanks for the review, Trent! I'm going to see if my library has it. Hopefully that'll even save me the price, until I'm sure it's for me. Great! I want to start small with my investing and not have to pay too much attention to it. I’m hoping to learn more as the years go on, but I want to begin somewhere. This book sounds perfect. :-)

Thanks for the review, Trent! I’m going to see if my library has it. Hopefully that’ll even save me the price, until I’m sure it’s for me.

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