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In general I am opposed to the idea that lazy investing can produce great results. If that were really true, we'd all be billionaires. However, no investor can succeed by adopting a strategy that's too complex to understand and implement. What many investors need is not rocket-science strategies that could shoot for the moon, but low-cost solutions that will keep them from going too far astray while avoiding massive losses. Dr. Paul Farrell has done a good job of describing lots of solutions like that.
My interest in investing was sparked when I was a teenager, by a book that described many fascinating concepts and ways that people can put their money to work making more money. It was all new to me, and I was instantly hooked ... and remain so today.
The book I read is hopelessly out of date. But "The Lazy Person's Guide to Investing" is a book that I would love to put into the hands of a potential investor or a young investor or an older investor who's just getting started. This would open such a person's eyes to a ton of possibilities and resources.
I don't think Farrell's book describes the ultimate solutions that will be best for people who have substantial savings. But it's not written for them. This book is written for a wide audience of people who are wisely wary of trusting Wall Street and the financial media - and who want some straight answers from somebody who's not out to pick their pockets.
For that audience, this book is right on target.
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