Summer Reading Series: Personal Finance
Rethinking Investing by Charles D. Ellis
Comprehensive, to-the-point, and short, Ellis’ Rethinking Investing: A Very Short Guide to the Long Term gives key tenets on how to achieve long-term financial goals.
Truthfully, I’d say it’s fair to assume that whoever is reading this client letter has likely already financially positioned themselves well (you’re taking time out of your day to read book recommendations from a financial advisor’s newsletter, and that has to say something).
However, I think this book can be particularly powerful for young people.
I can say from personal experience that there is no lack of social media personalities trying to sell you their drop-shipping method or cryptocurrency coin – all through their affiliate links, of course.
So I find Ellis’ explanations of compound interest, accessible diversified funds, and the always-wise “live within your means” recommendations quite refreshing. It’s not much longer than 100 pages so why not give it a read?
And if you do, pass it along to a young person in your life; it’s not particularly groundbreaking or incredibly provocative, but it surely is practical.
-Greg