Wednesday, March 18, 2020

Elmer’s Investment Approach by Ryan Goldsman

This book is about investing in Canada and he talks about different aspects of investing as his golfers walk around the golf course. This is a good book for beginners. It should be read one chapter at a time to absorb the information presented.

He talks about using an advisor saying that you are likely to get average returns and you are unlikely to lose all your money. He then goes into some simple rules about how to pick stocks to invest in. There seems to be few investment books geared towards Canadians so this is a plus already for us Canadians. He suggests that being overly aggressive in golf as in investing might not get you to where you would like to be.

Our taxes and investment vehicles are different from the US. He goes into how Canada taxes different investment income. He also talks about the specific investment tools we Canadians can use like the TFSA and RRSP accounts. Both these subjects are important for Canadian investors to understand.

I agree with his major approach to investing. However, this maybe a great book for golfers. In one of my investment clubs, it was the golfers who were interested in reading this book.

An index of the books I have reviewed are on my website at Books. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter.