Comments on: Introduction, Part One: The Beginning of a Long, Strange Trip http://www.moneymythos.com/2007/04/22/introduction-part-one-the-beginning-of-a-long-strange-trip/ A narrative financial and investment column Fri, 20 Jan 2012 15:48:59 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Jon @ Money Mythos http://www.moneymythos.com/2007/04/22/introduction-part-one-the-beginning-of-a-long-strange-trip/comment-page-1/#comment-7 Jon @ Money Mythos Thu, 10 May 2007 12:11:05 +0000 http://www.moneymythos.com/?p=3#comment-7 Sound advice, thanks! I just finished Malkiel's book and thought it was excellent. It's very well written, convincing, and does a great job explaining the material to make it understandable but also without skimping on the details. Unfortunately I already bought the Kiyosaki book, but I'll keep in mind what you said. I also don't plan on buying any of Suze Orman's books - her book for finance in your 20's spurred my interest on the subject, but I'd rather rely on other authors for more solid advice. Sound advice, thanks! I just finished Malkiel’s book and thought it was excellent. It’s very well written, convincing, and does a great job explaining the material to make it understandable but also without skimping on the details. Unfortunately I already bought the Kiyosaki book, but I’ll keep in mind what you said. I also don’t plan on buying any of Suze Orman’s books – her book for finance in your 20′s spurred my interest on the subject, but I’d rather rely on other authors for more solid advice.

]]> By: Herbie http://www.moneymythos.com/2007/04/22/introduction-part-one-the-beginning-of-a-long-strange-trip/comment-page-1/#comment-6 Herbie Thu, 10 May 2007 03:06:31 +0000 http://www.moneymythos.com/?p=3#comment-6 Those books by Malkiel and Bogle are terrific. Kiyosaki is full of contradictions, fuzziness, and advice that is likely to be hazardous to your wealth. Suze Orman is also not completely recommendable--she tends to tell you to follow your gut instincts, seems to believe anyone can be a successful stockpicker, and doesn't give the concept of portfolio level asset allocation (i.e. setting and holding your overall stock / bond split through thick and thin) its proper due. Anyway, you could do far, far worse than to just keep adding to your STAR fund for the next 20 years. It is relatively low cost, it is well-diversified (albeit w/ a slight bias toward large caps), and it is automatically rebalanced for you. Those books by Malkiel and Bogle are terrific. Kiyosaki is full of contradictions, fuzziness, and advice that is likely to be hazardous to your wealth. Suze Orman is also not completely recommendable–she tends to tell you to follow your gut instincts, seems to believe anyone can be a successful stockpicker, and doesn’t give the concept of portfolio level asset allocation (i.e. setting and holding your overall stock / bond split through thick and thin) its proper due.

Anyway, you could do far, far worse than to just keep adding to your STAR fund for the next 20 years. It is relatively low cost, it is well-diversified (albeit w/ a slight bias toward large caps), and it is automatically rebalanced for you.

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