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


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Product Details

  • Hardcover: 224 pages
  • Publisher: Palgrave Macmillan Trade (October 14, 2014)
  • Language: English
  • ISBN-10: 1137279257
  • ISBN-13: 978-1137279255
  • Product Dimensions: 9.2 x 6.1 x 0.8 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #12,341 in Books (See Top 100 in Books)
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Editorial Reviews

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.


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Customer Reviews

3.8 out of 5 stars
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See all 6 customer reviews
Building Good Financial Karma Overcoming Income Inequality.
Heather W.
The info - and his specific investing strategy outlined in the book - is backed up with plenty of research studies, charts, and material for further exploration.
K. Corn
This book is a good starting point for novice investors, and it offers sound advice.
ladyfingers
This item has not been released yet and is not eligible to be reviewed. Reviews shown are from Amazon Vine™ members.

Most Helpful Customer Reviews

Format: Hardcover Vine Customer Review of Free Product ( What's this? )
Author Patrick O'Shaughnessy understands that there are strong and very real financial and psychological challenges which make millennials flinch when they consider investing in equities: job scarcity, student loan debt, and of course those awful memories of the 2007-2008 financial crisis. Many are still running for cover, keeping their savings in cash or low return, conservative - and seemingly safe - bonds.

But O'Shaughnessy stresses the dangers in those reactions. While this behavior may feel comfortable, secure, and reassuring - it actually "acts like a tax " on wealth, leading to significantly greater financial risks over time, with inflation and factors such as the lack of pensions and social security very likely to erode savings. He makes a strong case for confronting fears and investing in stocks which - IF they are the right stocks and meet his very specific criteria - can lead to greater financial security (he favors global investments). And he underlines the importance of setting the course as early as possible, ideally when investors are in their 20s and 30s, so they can take full advantage of time and the power of compounding.

I read investment and financial management books regularly and....yes...some of what is included here repeats the basics covered in other books. But there is a significant amount of new information as well. O'Shaughnessy has very clear guidelines for the companies which meet his requirements and lays out a set of basic principles and rules for his "Millennial Money Strategy" : go global, think differently, and get out of your own way. These guidelines are followed by an investor checklist and ranking approach for analyzing stocks.
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1 of 1 people found the following review helpful By ladyfingers TOP 1000 REVIEWERVINE VOICE on September 12, 2014
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
Any investor will appreciate reading this book, but millennials in particular may find it's a real wake up call. Patrick O'Shaughnessy does a good job explaining why it is imperative young twenty-somethings start stock-picking early. The book is written in plain language but the author's message is clear--the only way to get ahead in our current fiat system (currency not backed by a physical commodity, like gold) is to hold investments that outpace inflation. The first few chapters offer a brief history of money and where we're at today (looming debt). Political and demographic trends are beyond anyone's control, but responsible and early investing can help ensure long-term wealth.

I found the author's strategies similar to contrarian investing. He centers on starting early, going global, investing in portfolios that are different from current markets and probably the hardest to achieve, developing a long-term mindset. Mr. O'Shaughnessy expands upon these topics and also explains in detail how to pick a winning stock. Briefly, that entails looking for companies that are shareholder friendly, earn strong returns on their investments, have strong cash flows, are cheap to own and have improving market expectations.

This book is a good starting point for novice investors, and it offers sound advice. Readers will enjoy the author's analogies and stories that help put investing into better perspective. I appreciate the reading list that was thoughtfully included. As Mr. O'Shaughnessy points out, "to understand the market, there is no substitute for reading." How true those words are.
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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.
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