Monday, February 12, 2018

A Review of How to Really Ruin Your Financial Life and Portfolio by Ben Stein

You might speak fluent sarcasm, but have you ever read an entire book written in sarcasm? 

Why the hell haven't you?

Back when I was younger, I assumed a lot about stocks and the stockmarket-mostly that it didn't concern me. It was something rich people did, and something they knew the secrets for, and it was forever locked away from everyday people like myself. 

You learn more about it when you start things like 401ks and watch the steady growth. But, I still don't know a lot about investing. I still sort of figured there was some secret knock thing about the entirety of picking and trading that I wasn't ever going to understand. 

If you feel that way, too, then this is a good book for you. 

It's a short read, not a super easy read unless you know financial terms the rest of us are going to have to look up, but it's easy and funny enough to get a kick out of. 

And it's a good refresher of some of the advice you can find in books like "The Subtle Art of Not Giving A F*ck"; namely that you and I are not special. Not even a little bit. 

You're not going to be that guy who makes millions in junk bonds. You're not going to make a ton of money by using intuition or even a formula to pick your stocks. Even the best and brightest with the most capital to burn have had limited success with that and to assume you can out-spend and out-amazing that is life-ruining. 

To gain, you look at averages and slow, steady, safe growth. 

This won't be the only investment book you need, I have some others that I'll be looking into, but it is a hilarious place to start and a decent guide on not being a complete moron. 

Also, if you are looking for money lessons for kids (okay, fine, I watch it, too...) check out Buffet's "Secret Millionaires Club", which is on Amazon Prime currently.

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