I’ve posted Podcast #198 to the “RobCasts” section of the site. It’s called Young Investors Have Been Hurt the Most.
Our sympathies obviously go to the millions of retirees likely to suffer failed retirements as a result of the demonstrably false claims made in the Old School retirement studies that have not been corrected for nearly eight years now. Still, an argument can be made that the continued promotion of Buy-and-Hold has done even greater harm to young investors, who will be experiencing not only big drops in their portfolio values but the loss of decades of compounding returns that they would have enjoyed on those amounts had they been able to gain access to realistic guidance on how stock investing works in the real world.
Evidence Based Investing says
As usual in the introduction to the poscast you mention that you are working on a second book entitled “Investing for Humans: How to Get What Works on Paper to Work in Real Life”. You have been “working on” this book for a number of years.
Another finance blogger that you are familiar with, J.D. Roth also decided to write a book, Your Money: The Missing Manual
Juicy Excerpt
I did it!
I finally finished the manuscript for Your Money: The Missing Manual; I e-mailed the last chapter to my editor at 9:10 this morning (15th January).
This book was a lot of work. I started writing it on 23 September 2009 at 12:27 p.m. Over the next 115 days, I gained fifteen pounds. (I actually gained eighteen, but I’ve lost three since the start of the year.) The final manuscript contains 125,244 words and 269 pages in Microsoft Word, which would be about 400 printed pages. That’s too long, so we’ll spend the next month whittling it down to something more manageable.
During the past few months, I’ve been a virtual hermit, cloistered in my office (”deep in the word mines”, as I like to say), working 8-10 hours every day — and sometimes many more. Now that the book is nearly finished (aside from editing and printing), I calculate that my hourly wage for this project is…drumroll please…less than minimum wage!
So in around four months he completed the book covering a wide range of financial topics (see the linked blog post) and it is in the final stages before publishing.
This shows what can be achieved if someon applies themselves to a task.
Rob says
I think it’s wonderful what J.D. has done, Evidence. He writes a top-notch blog.
Rob
Open Minded Saver says
If his blog is any indicator of the quality of the book, then I am sure it will be well worth buying. I think most times that is true of bloggers who write books — for instance, on Bogleheads, as well.
Rob says
Grrrr…
Rob