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If You Can: How Millennials Can Get Rich Slowly
Old 04-23-2014, 08:14 AM   #1
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If You Can: How Millennials Can Get Rich Slowly

Another very short (27 pg) eBook by Dr Bernstein that might appeal to those who periodically ask for a reference for their kids. Nothing most here don't know, but:
  • a well condensed version (for the Twitter generation),
  • addressing the challenges young investors face (quote below, good advice for all ages),
  • written by an "expert" (what do parents know?).
  • very inexpensive
Quote:
Hurdle 1: Even if you can invest like Warren Buffett, if you can't save, you'll die poor.
Hurdle 2: Finance isn't rocket science, but you'd better understand it clearly.
Hurdle 3: Those who ignore financial history are condemned to repeat it.
Hurdle 4: We have met the enemy and he is us.
Hurdle 5: The financial services industry wants to make you poor and stupid.
I thought it was well worth $0.99, though I am an unabashed fan of Dr B (my AA is still based on 'The Four Pillars...')
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Old 04-23-2014, 08:40 AM   #2
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Thanks 'pack, this will be a good recommendation for my millennial peeps!
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Old 04-23-2014, 09:18 AM   #3
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Good post. I've read it and passed it on to my kids and nieces and nephews too.
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Old 04-23-2014, 10:14 AM   #4
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Excerpt on hurdle 2 (and 5)...
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File Type: jpg image.jpg (114.1 KB, 38 views)
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 04-23-2014, 04:29 PM   #5
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Quote:
Originally Posted by Midpack View Post
Excerpt on hurdle 2 (and 5)...
Love it!!

I've done OK maybe even a little well but when my nieces and nephews ask me for advice I tell them "I don't know where the market is going and neither does anyone else" and then tell them to buy a bond index fund and stock index fund and periodically adjust.

You will get rich slow but it beats getting poor quickly.
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Old 05-05-2014, 07:00 PM   #6
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The "If You Can" eBook can be gotten off Amazon for free today (May 5th).
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Old 05-06-2014, 07:57 AM   #7
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An executive summary view of how to invest; I like it!
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