It has gotten a slow start, but The SmallIvy Book of Investing is starting to see some sales. I’m excited to see people buying copies because I think it is very unique as far as investing books go. Rather than just talking about trading techniques, it gives a plan to apply at each stage of life for those who want to become financially independent. For example, it goes through starting retirement accounts (401k, IRA) and getting your budgets together when you are in your twenties so that you can have money for investing. When you are in your prime earning years (45-55) and starting to look forward to retirement, it talks about starting to unwind your investments and get ready for living on your portfolio when your paycheck stops. I’m really hoping some people in their late teens and early twenties find this book because if they start saving and investing early, they can really make a difference in their lives. Of course, even if you are starting 40, you’ll need to save more aggressively than a 20-year old but you can still retire with dignity.
It also provides the basics for the different types of investments. For example, it explains what a stock, bond, and option are. It also goes through the risks of each type of investment so that people who are new to investing know what they’re getting into. I sent a copy to my broker and he commented that it was nice to have a book that went through some of the more elementary topics since he finds there are a lot of people who need a primer. Money is a private matter in many families so unfortunately many young adults never learn how to handle money before they are out on their own.
Right now the Amazon price is $10.79, which I think is a great bargain. (Buy four and you’ll get free shipping!) If you do buy a copy, please let me know what you think. I’m just starting to work on Book 2 which will cover stock picking since that really needs a whole book on its own. Please also let me know if you would like a Kindle version. I haven’t done this yet because I wanted to see how well the paperback sells, but can get it onto Kindle if there is enough interest.
Thanks for reading the blog and thanks to those who have already purchased the book. Happy reading!