David Schneider’s approach to investing is unique and developed through insider experience that puts the decision making in the hands of the investor. I now understand how the 80/20 approach applies to the world of ETF’s. I will definitely be paying closer attention to global events that open low risk opportunities with index ETF investing. This book changed my perspective on index investing and my approach, patience, execution and timing of trades.
I've ridden this bull stock market for the past 9 years and have made a large profit. But, in the recent months I have gotten more and more concerned about a future bear stock market and what that would do to my profits. Further, I tried talking with my investment adviser who charges me 1.5%. I tried to get her to do a more conservative portfolio. Her only advice was to wait it out and keep on going. It seems like a dumb plan to me.
So, I fired her, bought several investing books and started to read. I quickly became lost in all the possibilities and paralyzed with fear that I'd do the wrong thing.
David's book was the most simple, most insightful book of all that I read. I feel confident applying the plan he laid out.
Tries to cover the ins and outs of index funds without actually being thorough enough. Structure of the book was pretty messy and there are grammatical errors in many places. You can tell when he really knows about a certain topic and when he doesn't. However, even when he does, the analysis does not really goes that much in depth. Some examples he uses are also misleading when you actually take a look at the sources he provides. For those who are completely new to index funds try The Little Book of Common Sense Investing by Bogle.
I own several index funds from Vanguard and some ETF funds too, but until I read this book I didn't really understand exactly how they worked or how bad managed funds are on average compared to them and why.
I also didn't realize that the funds have to pay the indices in order to use their secret sauce formula for how much of each stock is in the fund. How the funds mirror the index cheaply is very clever.
I also learned some of the dangers of index funds and a better investment plan.
David has a clear writing style and tells great stories in the chapters that keep you engaged in what otherwise might be dry financial info. Recommended.
This book does a fantastic job of helping you understand index funds and passive investing. It gives great detail to the terms, history, pros, cons and other important concepts that individuals need to understand in order to become independently thinking investors. This is an excellent book for someone new to investing in index funds and ETFs, as well as experienced investors who are looking to learn more.
David makes the complex topic of index fund investing easy to understand for beginners. I appreciate his well reasoned and researched explanations and counterintuitive ideas. It's always important to get different ideas and David provides several that I plan to incorporate into my personal finance plan.
Excellent book. I recently decided to invest some of my cash in equity via index funds. I've read few books about passive investment and they all appeal to my way of thinking. However, I got the feeling that after you read one book about passive investment, you read them all. They all sounds very familiar and repeat basically the same thing: "buy and hold diversified market and in the long run that market will keep going up". While this sounds awesome, I was missing the counter arguments which non of these books even hinted about. Reading David's book, I now understand better the dangers, risks and possible gotchas of passive investment. I highly recommend this book to anyone who wants to know about the cons and not just the pros of passive investing.
As a newbie investor with little understanding I really appreciate David's knowledge and transparency of the industry and financial market. He helps me understand it by breaking it down into "non-professional-investor"- language. I gain knowledge from someone coming from the financial industry, who has lived in different markets and has seen and experienced the inner workings unbeknown to a regular working person. He connects the dots for me so that I can understand the greater picture and am able to make wiser decisions. I highly recommend the book to anyone interested in learning more about investing!