Maand: april 2017

Unshakeable – food for the mind, the wallet and the millions

He did it again.
I do not think there is much in this book that he had not discussed (extensively) in Money Master the Game.

But, as opposed to Money, this book is more concise (which is not much of an achievement; I wrote about this earlier here; Unshakeable is a revelation of briefness compared to Money).

The books is very clear on where not to lose money: taxes, fund fees, services that add no value.
It is also very clear on where to invest in: diversified portfolio of low cost index trackers, bonds, real estate.
Do not invest in gold or so.

And a very important learning: stay calm. Stock markets dive every so many years. When this happens, stay in your seat and do not move. Because as often as they fall they rise again.
Losses are made by people that get nervous.
These are the opportunities for the calm.

If there is one conclusion from this book in one sentence: get conscious about your investments, otherwise the financial institutions will get away with your savings.
That’s the conclusion, so if you want to read more, go ahead. The proceeds of the book go to the noble cause of feeding the world (Tony feeds millions/billions,when not on the phone with┬ápresidents and multibillionaires all the time), so if not good for your wallet, the investment in this is good for your mental well-being.
But expect lots of words for not so many ideas. Good ideas, but conciseness and humility are┬ánot Tony’s forte.