Top positive review
A new perspective for this investor
December 27, 2016
I've been an investor since I was first able to put funds into a Roth IRA 14 years ago. I think I threw the entire contribution each year at a single stock of a company I was a happy customer of, thinking that, if I'm a happy customer, it must be a good company and good long term investment. I did that for a new company each year for a few more years after that, with some success, and at least one failure in my stock picks. I later refined my investing into a strategy of investing in several ETFs to diversify my investments into different asset classes and essentially track the total world market.
I just listened to the audiobook version of Automatic Income, and it has definitely made a good case for the strategy of dividend investing that Matthew Paulson advocates in it. I recently sold my house and am sitting on a bunch of cash that I need to invest, so the timing is right for me to reconsider my investments. As with any investment advice, do your own research, but even if I do not follow Matt's advice to the letter, or at all, the book provided me with many key fundamentals to look at when considering any investment, he defined all the assets classes available, some of which were new to me, and he spelled out how they are treated in the very complicated US tax system, and for some investments, how they may be treated worldwide for tax purposes.
The bad: it gave me much more to consider as I redo my investments; The good: it gave me a very solid investment strategy to consider for at least a portion of my portfolio.
If you're not already up to speed on the intricacies of investing, and are interested in dividend investing, this is the book for you.