This book was written in 19th century, I don't think those principles apply in 21st generation. Especially 15% returns concept on mutual funds. But I've learnt some key things related to economy.. for basic knowledge, i believe this book is good.
*This is my opinion on this book.
This one of the best introductions to personal finance that I've ever read (The Millionaire Next Door is also excellent). It's especially nice that it is written by and for Canadians. If you follow Chilton's top two recommendations (save 10% of everything you make for long term growth, max out your RRSP) you will be well prepared for anything life throws at you, regardless of your personal income.
Personally, I found the structure a bit hokey (it's told in a novel format, which might be a bit off-putting at first if you're a sophisticated investor), but the story is told in such an engaging way that I got over my initial dislike fairly quickly.
The content is solid, and I would recommend this book to anyone, but especially to younger or less experienced investors. The material is presented in such a straightforward manner that I think most middle schoolers could grasp the concepts discussed. This should be mandatory reading for every high school student in Canada!
glad my dad gave me this book as a 16-year-old.
Even though it was written 20 years ago, what was said in it still has meaning to this day. Great book and it should be mandatory reading for all high school students in Canada.
great book. Reads like a novel but gives you a good basis of financial planning. Great for someone in their 20-30's but also anyone that jsut needs to get their finances in order.
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