Millennial Money: How Young Investors Can Build a Fortune and over one million other books are available for Amazon Kindle. Learn more
Buy New
$16.28
Qty:1
  • List Price: $25.00
  • Save: $8.72 (35%)
FREE Shipping on orders over $35.
In Stock.
Ships from and sold by Amazon.com.
Gift-wrap available.
Millennial Money: How You... has been added to your Cart
Trade in your item
Get a $3.48
Gift Card.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Millennial Money: How Young Investors Can Build a Fortune Hardcover – October 14, 2014


See all 2 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$16.28
$12.50 $18.47
Fall%20New%20Releases



Editorial Reviews

Review

"O’Shaughnessy, portfolio manager and contributor to financial media, aims to explore every facet of investment opportunities for Millenials. He offers his investment strategy for outperforming the market, based on five key attributes that, implemented together, become powerful."—Booklist

"O’Shaughnessy provides sound advice that will give millennials the advantages they need to improve their financial future." —Publishers Weekly

" Patrick has done something very unique: he's written a highly readable book that speaks up—not down—to young investors, while keeping things sophisticated enough so that even veteran investors will find indispensable insights within."—Joshua M. Brown, author of Clash of the Financial Pundits and on-air contributor to CNBC

"If someone had given me this book when I was in my 20s, I’d be a billionaire today. Buy this book for someone you love who is in their 20s. They will think kindly of you when they are in their 60s."—Barry L. Ritholtz, Chief Investment Officer, Ritholtz Wealth Management

"Patrick has got it right. The sooner you start investing, the more you make. Patrick’s recommendation to invest broadly in international stocks is also spot on for young investors. This book is a must read for anyone from their 20’s to 40’s."—Tim McCarthy, Former President, Charles Schwab and author of The Safe Investor

"Most young investors I know have abandoned stocks, and that's a big mistake. O’Shaughnessy lays out a clear path for building wealth over a lifetime with a key message: start now, invest globally, and master your own behavior."—Meb Faber, CIO, Cambria Investment Management, and author of The Ivy Portfolio

" Patrick O'Shaughnessy has written an accessible, thought-provoking guide to helping Millennials make the right financial decisions." —Kevin Roose, Bestselling author of Young Money

"Patrick’s book is a must read for my generation, and anyone who cares about building a more secure life for themselves and their loved ones. His message is clear: the time to act is now and the future is ours to take!" —Bryce Dallas Howard, Actress

About the Author

Patrick O’Shaughnessy is a portfolio manager at O’Shaughnessy Asset Management where he manages money for individuals and institutions. He is a contributing author to What Works on Wall Street (Fourth Edition) by James O’Shaughnessy and has been featured in Fortune, The Wall Street Journal’s ‘Market Watch,’ The Street.com, and Advisor Perspectives , where he has won the Top 25 Venerated Voices™ award by author. Patrick is an expert in investment strategy research and is also a Chartered Financial Analyst®. He lives in New York City with his wife and son.

NO_CONTENT_IN_FEATURE

Image
Looking for the Audiobook Edition?
Tell us that you'd like this title to be produced as an audiobook, and we'll alert our colleagues at Audible.com. If you are the author or rights holder, let Audible help you produce the audiobook: Learn more at ACX.com.

Product Details

  • Hardcover: 224 pages
  • Publisher: Palgrave Macmillan Trade (October 14, 2014)
  • Language: English
  • ISBN-10: 1137279257
  • ISBN-13: 978-1137279255
  • Product Dimensions: 6 x 0.8 x 9.9 inches
  • Shipping Weight: 14.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (35 customer reviews)
  • Amazon Best Sellers Rank: #14,805 in Books (See Top 100 in Books)

More About the Authors

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

This book is a good starting point for novice investors, and it offers sound advice.
ladyfingers
Yes the time value of money is important, but don't tell the people who got burned going in at the top around 2007 that.
Dat Hong
He makes a very good case for it, and goes into detail to support his claims with historical data.
Sukru Tikves

Most Helpful Customer Reviews

2 of 2 people found the following review helpful By John C Woods on October 27, 2014
Format: Hardcover Verified Purchase
I remember when I first read the Intelligent Investor and the way that Ben Graham came out with some very simple portfolio level recommendations, such as beginning with a portion of your funds in bonds and some in stocks. In fact, he went further to recommend a 50/50 split. But as you continued to read the book, what unfolded before you was not a simpleton but a brilliant intellect unpacking example after example for you. Anyone who would have written off his initial generalizations simply because they were too simple, would have greatly underestimated the reasoning that went into reaching those conclusions and the stability of his intellectual foundations.

I have the same feeling about this book. In this book he proposes broad portfolio policies. But I think anyone who ignores them will be much less wealthy in the long run. This book is one of my favorites. I highly recommend it.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
8 of 11 people found the following review helpful By Maria Poole VINE VOICE on September 12, 2014
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
The author makes an excellent point about starting to invest as early as possible. He gives very specific guidelines about which stocks to select. It is a starting place to get in the game. I have been investing for awhile but I found this book to be informative. There is always something to learn about the topic of investing and the earlier you get started the better. Learning is a lifelong process so I recommend this book for the older generation as well.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
7 of 10 people found the following review helpful By tabby on September 17, 2014
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
Interesting read on investing, not only for the millennial though being young does have its advantages - as quite clearly mentioned in the book. It is the power of compounding. With compounding and consistent investment, the returns will be exponential.

The author, Patrick, is barely 30 and is very knowledgeable about the markets - not only in stocks, but in the global arena as well as ETFs (exchange-traded funds), due to his experience in work as a portfolio manager.

He also explains about how to go about investing with mini-checklists.

However, as I am still a greenhorn at investment, there are some funds, indexes and others that he mentioned that I am unfamiliar with and am not able to fully understand how it works and how to make the investments except through a financial adviser.

In my opinion, I think having paid advice may be a good thing after all since I have also committed the buy high, sell low when my emotions took over. Needless to say, I wished I had read a book like that or financial books earlier that would have given me a head-start.

In any case, I will have to re-look at the way I am trying to save, and start investing before I run out of time!
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Hardcover
Note to Baby Boomers with adult children: This book review is for you. Buy a copy for your Millennial children and encourage them to read it. Getting started early will make an incredible difference over the course of their lives.

Most readers of financial books and news today are Baby Boomers or early Gen Xers, as it isn't until early middle age that most Americans begin to think seriously about saving and investing for retirement. The Millennials, at this stage of their lives, are more focused on starting their careers and paying down student loans; retirement planning is not high on the list of priorities.

Patrick O'Shaughnessy--himself a Millennial--seeks to change this generational attitude in Millennial Money: How Young Investors Can Build a Fortune. It is an impassioned plea to start saving early and aggressively, as the Millennials will face a very different reality in their golden years than that enjoyed by their parents and grandparents. Written by a Millennial in a voice that other Millennials will understand, O'Shaughnessy writes about "financial karma" and notes that, when it comes to money, we reap what we sow: "Building good individual financial karma is straightforward: spend less than your earn and invest a chunk of your income in the stock market every year."

Unfortunately, as a collective, we're looking at some very bad karma. Social Security--if it still exists in anything resembling its current form--will be far less generous, as America's high and growing debt load makes the status quo unsustainable.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
6 of 9 people found the following review helpful By Sukru Tikves VINE VOICE on October 13, 2014
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
In this book, the author discusses the advantages on long term (buy and hold) investment of stocks, over all other options. He makes a very good case for it, and goes into detail to support his claims with historical data. However, he also makes it sound too easy, while this kind of investment requires care and patience.

First of all, I am not an investor, so don't take my review for financial advice.

The proposal is very simple. No other investment type offers protection against inflation losses on the longer run. This is not a future prediction, but an analysis of the last 100 years or so of data. The author finds that if you are patient (like 20 years patient), you'll get positive inflation (and possibly tax) adjusted returns, even if you invest just before a financial crash (including recessions, and the great depression). Bonds and CDs on the other hand will make you lose money against inflation.

The author suggests going all in, and investing in value stocks. However this is probably a full time job, which requires analyzing a significant amount of company financial data. He offers some web based tools and communities for help, or tells that the index funds will be an easier alternative (but with much lower returns).

Do not get me wrong, there is hard data, and a lot of psychological discussion in the book (the case about pigeons being better predictor than humans is for example very enlightening). However the task is not easy. You'll have to be patient even if you are losing money. Even if you're losing a lot (e.g.: more than 50% of your investments), and even if you lose for a long time (3-5 years). I'll take the advice, but I'm not sure being a full time investor would be a good choice for everyone.

Nevertheless I liked the idea that somebody actually looked at historic charts to encourage the millennial generation who are afraid of stocks. Well done.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews


What Other Items Do Customers Buy After Viewing This Item?


Frequently Bought Together

Millennial Money: How Young Investors Can Build a Fortune + Zero to One: Notes on Startups, or How to Build the Future
Price for both: $32.48

Buy the selected items together