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The Lazy Investor: Start with $50...and no Investment Knowledge

Derek Foster
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The Lazy Investor: Start with $50...and no Investment Knowledge

Derek Foster
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Overall rating: 4.5 / 5 from 2 reviews.

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good read

"Another easy to read book on investing that gives some ideas to consider when you're a beginner."

— 19phoenix (5/5)

Good for Canadians starting out in investing

"The greatest praise I have of this book is for its clarity. The subject of finance is a murky one and can be confusing for those who are financially illiterate. Derek Foster does a great job of explaining the world of stock investing in layman's terms. If you go into reading this book with no knowledge of the subject matter you will come much more knowledgeable and confident. This book won't turn you into a sophisticated, master trader, but that isn't the author's intent. This book is written for the Canadian investor too which is a big plus. Most books on finance and investing refer to the American market so it's about time that a book has been written with Canadians in mind. That being said, if you are competent investor already, than this book is not for you. Many of the negative reviews here seem to be from self-proclaimed experts who criticise this book as being too simple. Well guess what? This book isn't for you, it's for people that are starting out. I do concede that the book's subtitle, ""Start with $50. . . "" is completely misleading. No one has ever attained wealth with an initial investment of only $50. Foster even admits within the book itself that your initial investment will require more than $50. All DIY finance books overpromise with unrealistic titles though. This is to get the attention of the passive shopper so they will pick the book up off its shelf and put it in their shopping bag. The titles of all self-books need to be taken with a grain of salt. My only real compaint about this book: I read the Revised Edition from 2012. This edition contains an extra chapter at the end which details all the changes that have occured in the financial world since the book was written in 2006. That means that some of the material learned throughout the book is rendered null and void when you read the final chapter. Foster should have gone back and rewritten the text that is no longer relevant instead of shoehorning the new info into an epilogue. This way we wouldn't have had to unlearn some of the info we aborbed in earlier chapters. I'm referring specifically to the tips he shares on Income Trusts. Ignore all the info on that subject as it no longer applies after the changes made by the federal government in 2011. Also, there is no info on Tax Free Savings Accounts (TFSAs) since they weren't created until 2008. Foster briefly mentions them in his addendum but there's no real info offered. I suspect that will be a future book from him. spect that will be a future book from him."

— Jfgtl (4/5)

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  • Published date: Aug 23, 2007
  • Language: English
  • No. of Pages: 182
  • Publisher: Foster Publishing
  • ISBN: 9780973696011
  • Dimensions: 5.6" W x 0.47" L x 8.52" H

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