That’s all CNBC, The Motley Fool, and all the get-rich-quick blogs, newsletters, and books are doing. Nobody wants to be told that successful investing usually requires decades of:
- living below your means,
- investing regularly,
- removing any and all excitement from your portfolio, and
- sticking it out through scary markets.
We’d rather hear that there’s a way to:
- become wealthy in a hurry,
- with minimal effort, little risk, and a small initial investment,
- while proving that we’re smarter than everyone else.
It’s not terribly surprising that there’s a whole industry built upon selling us the message we want to hear.
New to Investing? See My Related Book:
 |
Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less  |
- Asset Allocation: Why it's so important, and how to determine your own,
- How to to pick winning mutual funds,
- Roth IRA vs. traditional IRA vs. 401(k),
- Click here to see the full list.
A Testimonial:
"A wonderful book that tells its readers, with simple logical explanations, our Boglehead Philosophy for successful investing." - Taylor Larimore, author of The Bogleheads' Guide to Investing
You hit the nail on the head, I think about this every time I go to the bookstore and see the titles and look at the pictures on the cover. Happy people lazing at the beach in hammocks (I mean you, Tim Ferriss). Not a one with some poor sop up late at night working on his own business while everyone is in bed or watching American Idol.
LOL people are always looking for a way to get rich quickly. I want to be rich, but I don’t mind working for it!
I’m reminded of the old Wall Street adage: “When the ducks quack, feed ‘em.”
It is very confusing to navigate the waters of sound investing… especially for a green, wet-behind-the-ears investing student such as myself (self-educating student that is.)
That is why I am so happy to have sources like OI and other sound blogs and blog authors like FiveCentNickel in my corner.
Comments on this entry are closed.