The Automatic Investor Summary

Best Book Breakdown

The Automatic Investor" is a personal finance book that offers a simple, systematic approach to investing for long-term wealth. The book is written by Robert Brokamp, a certified financial planner and writer for the Motley Fool.

The central thesis of the book is that investors should create an automated investment plan that is easy to follow and requires minimal effort. The author argues that by following a systematic approach to investing, investors can avoid common pitfalls and achieve their financial goals over the long term.

The book is divided into several chapters, each of which covers a different aspect of investing. The author begins by discussing the importance of setting clear financial goals and creating a plan to achieve them. He then goes on to discuss the basics of investing, including asset allocation, diversification, and risk management.

One of the key concepts of the book is the idea of automatic investing. The author explains how investors can automate their investments by setting up regular contributions to their retirement accounts and using automatic rebalancing to maintain their target asset allocation.

The book also covers a range of advanced investment topics, such as tax-efficient investing, investing in alternative assets, and creating a retirement income plan. Throughout the book, the author emphasizes the importance of staying disciplined and focused on long-term goals, rather than trying to time the market or chase short-term gains.

Overall, "The Automatic Investor" is a practical guide to investing that offers a clear, systematic approach to building wealth over the long term. Its emphasis on automation and discipline make it a valuable resource for investors of all experience levels, from beginners to seasoned professionals.

1. The Automatic Investor
2. Phil Town
3. Value investing
4. Stock market investing
5. Investment strategy
6. Portfolio management
7. Financial planning
8. Risk management
9. Wealth creation
10. Passive income

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