Simple Wealth, Inevitable Wealth: How You And Your Financial Advisor Can Grow Your Fortune In Stock Mutual Funds

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Preface: Over the course of the last three decades, I've been an advisor to individual investors, and now - for want of a better description - an advisor to other financial advisors. This book will tell you absolutely everything of critical importance that learned about investing during that time. That's the good news. It may also be the bad news. It's potentially good news because if one labors diligently and lovingly at this profession for over thirty years, as I've tried to do, one learns an awful lot about how markets and investments really work. I need hardly add that, in investing as in life, one learns virtually all great lessons the hard way. At least I did. One also discovers the few big things that really matter in successful investing. One does this by experimenting with, and then discarding, the multiplicity of stuff that turns out not to matter much, or to be just plain unknowable.That painstaking learning process at some point prompted me to say, 'Let me write a little book for my fellow seekers of wealth, so that they can easily learn everything I know with¬out having to make all my mistakes. And in that book, let me tell people just the ultimate essentials, so that they don't have to spend a lot of time and energy learning to filter out then noise.'--- TABLE OF CONTENTS: Chapter One: Finding Your Coach, Chapter Two: An Owner, Not A Loaner,Chapter Three: What The Real Risk Isn't,Chapter Four: What The Real Risk Is,Chapter Five: Behaving Your Way To Wealth,Chapter Six:Growing A Fund Portfolio For All The Seasons Of Your Life

Paperback: 176 pages

Publisher: The Nick Murray Company, Inc.; 1 edition (November 8, 1999)

ISBN-10: 0966976312

ISBN-13: 978-0966976311

Product Dimensions: 8.4 x 5.4 x 0.5 inches

Shipping Weight: 9.6 ounces

Average Customer Review: 4.9 out of 5 stars  See all reviews (56 customer reviews)

Best Sellers Rank: #232,693 in Books (See Top 100 in Books) #40 in Books > Business & Money > Investing > Mutual Funds #317 in Books > Business & Money > Investing > Stocks #685 in Books > Business & Money > Investing > Introduction

As the name implies, creating wealth truly is simple, and inevitable, if you stick with a plan. This book gives novice investors a guideline for how to get started and to create a plan for creating wealth that you can't outlive and still leave some money to your heirs. I have read several of Nick Murray's books, but this one is the first intended for the general investing public. As usual, as only he can, Nick takes a rather complex subject, and simplifies it so that the average investor, or beginning investor, can understand. If you are looking for the "hot" fund or for a get rich quick scheme, this book is not for you. However, if you are interested in putting together a plan to create the wealth that you desire, I think this book is for you. An easy to read handbook for disciplined investors.

This is simply the best book I have ever read on the subject of investing. No alpha/beta discussions. No standard deviation smoke and mirrors. No need to be an investing sophisticate to understand Murray's message. Simple, clear, and very, very readable. All investors should read the first 27 pages straight through and then go from there. The entire book can be read in a few short hours. I have given this book to clients and been told that they feel it is the best book they have read on investing and that they are giving this book to their children to read. I highly recommend Simple Wealth Inevitable Wealth. Retail investors will NOT be disappointed in this book.

Before purchasing this book, I knew absolutely nothing about investing. This is very basic information to takes an in depth look at investing from a different perspective from everything you've ever heard before. I read the book twice and learned even more the second time through. Financial advisers are easy to find, it's the good ones that are very difficult to come by. I started investing in stocks shortly after I read this book. Little by little each month is all it takes. If you think you'll get rich by stashing your money in your savings account, enjoy your .3% monthly interest. This book compares real knowledge and I would recommend EVERYONE read it. Thanks, Nick. I appreciate it. I wish I could meet you!

This book, simply and conveniently, describes necessary investor behavior to accumulate wealth. This is a great book for financial advisors to send their clients and prospects to easily explain the "trick" to wealth accumulation and preservation. Some of the concepts and charts clearly illustrate what most of us try, sometimes in vain, to educate our clients about. Excellent tool for financial advisors. I highly recommend this!!!

I enjoyed this book very much. While it's a fun and quick read, the lessons are eternal. The value of a buy and hold, long-term investment strategy cannot be over emphasized. As a die-hard Vanguard index investor, this book reiterated to me the need to stay the course in an extremely volatile market. I highly recommend it.

All in all, this is a great book on long term investing. Nick uses simple and true math to prove the points. I was able for the first time to fully understand dollar cost averaging and I now have a new view on bonds.Only problem I had with it was his 'voice' as he made comments about working with a financial planner. At times I felt as if he was calling me stupid if I didn't agree with him. He also didn't make ANY good arguments of why I should use a planner....his only point was they a planner will stop you from selling when you shouldn't. Guess what Nick, I'm a big boy...thanks.Again, it is valuable despite my one gripe.

One of the best books on investing I have ever read. I keep it on my desk and refer to it frequently. The book's main benefit to me is its focus on the need to stay invested ENTIRELY in stocks, the need to be optimistic about the future, the need to take a long term view and the need for patience. In each of the topics, he sets forth very clearly the reasons to adopt these views.This is a book for investors. This is not a book for day traders. There is a big difference between the two. The media business channels serve the day traders very well; the long term investor not so much. So turn off the TV, relax and enjoy the book.

Nick Murray does a great job of explaining the concept of investing in mutual funds to creatate wealth. This book is simple and easy to read, a great book for a beginner. The internet has made investing very complex, Nick Murray has made the process simple.

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