Book Review: Wealthier - The Investing Field Guide for Canadian Millennials
For solid financial advice backed up with academic evidence, investors can look to Wealthier: The Field Investing Guide for Canadian Millennials by Mark McGrath, adapted from Daniel R. Solin’s U.S. version of this book. Although it is aimed at millennial-aged Canadian DIY investors, there are discussions about financial advisors as well. Outline The book begins with excellent advice on how to invest well, followed by how you can fall off the good path into bad investing due to a “rigged system.” By understanding the possible investing pitfalls and the ways the system is rigged, investors can stay on a good path. I found the most interesting section to be the discussion of stoicism. The authors discuss several elements of the stoic mindset that are useful for avoiding investing mistakes such as selling out of fear. The book continues with DIY financial planning and how to save enough to get to “the number.” This part of the book had an interesting discussion of t...