Winning at Monopoly requires having a little bit of luck, making the most of your luck and applying certain rules - such as buying as much property as possible, not spending all your cash (having some savings) and negotiating to get a full set of properties as soon as you can. Building wealth is no different. You can win at the game of building personal wealth by applying a set of proven rules: the 8 Golden Rules.
In Investopoly, Stuart Wemyss explains the rules he has formulated and refined over two decades of practice, observation and experience. They are not just theory, they are rooted in simple maths, academic studies and/or common sense. They are tested and have been proven to work. They are the rules of the investment game.
If you are looking to build wealth that will ensure you are financially secure then this is the book for you. Stuart possesses the rare skill of being able to make financial planning interesting. In this engaging and informative book, he gives sound, easy-to-understand information and encouragement to readers to help them with their planning, saving and investing for a comfortable lifestyle in retirement.
Stuart Wemyss is a Melbourne-based financial adviser who has over 20 years' financial services experience. Stuart is a Chartered Accountant and is licensed to provide credit, tax, insurance and financial advice. This is Stuart's third book. He is also the author of The Property Puzzle and the Smart Borrower's Handbook.
About the author v
How this book is different and why it might help you ix
Golden Rule #1 Play the long game 1
Golden Rule #2 Know how much income you need and by when 13
Golden Rule #3 Spend less than you earn and invest the difference regularly 29
Golden Rule #4 Grow your asset base and then tilt towards income 47
Golden Rule #5 Set your asset allocation to reduce risk and maximise returns 69
Golden Rule #6 Invest in the share market using low-cost passive investments 93
Golden Rule #7 Only invest in ‘investment-grade’ property 129
Golden Rule #8 Protect your investments from expected
and unexpected risks 163
Selecting a financial advisor you can trust 183
Wrap up and what’s next? 197