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If You Can: How Millennials Can Get Rich Slowly
04-23-2014, 07:14 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,299
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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.
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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...')
__________________
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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-23-2014, 07:40 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Thanks 'pack, this will be a good recommendation for my millennial peeps!
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“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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04-23-2014, 08:18 AM
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#3
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Full time employment: Posting here.
Join Date: May 2010
Posts: 996
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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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Wherever you go, there you are.
(In other words, no whining!)
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04-23-2014, 09:14 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,299
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Excerpt on hurdle 2 (and 5)...
__________________
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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-23-2014, 03:29 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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Quote:
Originally Posted by Midpack
Excerpt on hurdle 2 (and 5)...
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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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Wild Bill shoulda taken more out of his IRA when he could have. . . .
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05-05-2014, 06:00 PM
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#6
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Recycles dryer sheets
Join Date: Aug 2013
Location: Norcal, Silly-Con Valley
Posts: 249
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The "If You Can" eBook can be gotten off Amazon for free today (May 5th).
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05-06-2014, 06:57 AM
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#7
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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An executive summary view of how to invest; I like it!
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