Synopses & Reviews
There may be other books on index funds, but there has never been one as easy to read as
Millionaire. Full of solid advice, anecdotes, and true stories,
Millionaire is concrete information plus plenty of motivation all in one uncomplicated package.
How to go from spender to saver.
Two self-made millionaires, Wayne Wagner and Al Winnikoff have spent their professional lives making millions for their clients. Now they offer a simple strategy that shows how investing in index funds can make you a millionaire. Whether you're a seasoned investor or just starting out, anyone-- from a minimum-wage earner to a six-figure executive-- can follow this tried and true plan and make it work.
How to go from saver to investor.
Read Wagner and Winnikoff and you will be absolutely convinced that you can become a millionaire. And they'll show you exactly how to do it in a way that will make you want to get started immediately.
How to go from investor to millionaire.
"We tell our readers exactly what and how to save and invest, and prove why this strategy works with simple explanations and supporting documentation-- but without having to bog them down with weighty theories."
Why the Millionaire plan?
You don't need any prior knowledge about investing or money management. By following a simple formula based on the number of years to the target goal of a million dollars, you will know exactly how much money you need to save per month or per day. There's one simple set of rules of encouragement to keep you from doing the things that sabotage your goal.
Why index funds?
All you need to get started is the money you'd spend on lunch every day. You don't have to work long hours trying to keep on top of the market. You just sit back and let the economy work all 24 hours every day for you while you watch the returns compound and your money grow.
There's no need to agonize over which strategy to follow or which stocks to pick. There are no brokerage fees. And, unlike mutual funds, with index funds there's no high-priced manager using your money to try to "beat the market," and losing most of the time. Index funds beat mutual funds for 14 out of the last 20 years.
Wagner and Winnikoff show you step by step everything you'll need to know, from how to buy into an index fund in manageable bits and pieces, to what to do when it's time to start cashing in. But most importantly, Millionaire gives you the inspiration you need to get started and the motivation you need to stay the course.
Review
"I read
Millionaire on Saturday and thought it was one of the most sensible-- and most compact-- investment guides I've seen. [Wagner and Winnikoff] focus on what investors
must focus on: simplicity, the long term, and diversification...and insuring success by holding costs and taxes to a minimum."--John C. Bogle, Chairman of Vanguard and Author of
John Bogle on Investing: The First 50 Years"I like the tone, the humor, the humanity, the clarity, and the brevity."--Peter Bernstein, Author of The Power of Gold: The History of an Obsession
"I think you have a winner on your hands. The thorniest issues-- taxes, holding periods, fees-- are dispatched in the most straight-forward way I've ever read. I commit right now to buying 500 copies to send to clients, and to put under my kids' pillows."--Ted Aronson, Chairman of Aronson+Partners
About the Author
Wayne WagnerHis company, Plexus Group, advises money managers and brokerage firms who manage $1.5 trillion in assets. Wagner is also the author of The Complete Guide to Securities Transactions.
Al Winnikoff
He made his fortune in real estate. Al sold Wayne his house. Wayne sold Al on index funds. Winnikoff is also the author of three books including The Land Game: How to Make a Fortune in Real Estate.