If You Can

A really short read on how and how not to invest which takes just about one hour to finish (although it comes with a caveat). The writer outlined five hurdles of investing that every young person should avoid. Reading this booklet kind of feels special to me since the advice starts on what to do with investments at 25 years old, which is my current age. He he.

I like most of the bits of advice and warnings Bernstein offered, such as that humans are not particularly good at investments because they suck at long-term planning. However, as with any book about finance, we must take his advice with a grain of salt. As another reviewer pointed out, his inconsistency shows when he wrote against mutual funds yet at the same time told readers to invest in 401(K), which invests the money into (partly) mutual funds.

In short, we should never trust 100% of any financial advice. However, this book has more amount of believable advice than almost any other finance book.