Remember the famous equation in Economics-Savings= Investment. This author talks about the dynamics of saving money incrementally to accumulate a small fortune over time.
Start small and take advantage of compounding, cost averaging of shares and diversification. For instance, DRIP investing automatically reinvests dividends into fractional shares which grow over time. (dripinvestor.com)
Buy stocks with a low PE ratio (Price/Earnings) and a high Book Value. Slash personal expenses to maximize funds available for investment purposes. Always preserve capital.
The Investment Company Institute and the Canadian Trust Dividends Inc. (CIBC.div) are excellent investment research sources. Also, look at First CDN Dividend Income and Hong Kong Bank Dividend, Inc. as potential investments.
DRIPS provide huge profit potential over time when dividends are reinvested. examples are Coke, Pepsi, AT & T and others
This book would be a wonderful acquisition for first time investors.
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