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Rating: 
Summary: Simple Plan, Great Advice
Review: As the name implies, creating wealth truly is simple, and inevitable, if you stick with a plan. This book gives novice investors a guideline for how to get started and to create a plan for creating wealth that you can't outlive and still leave some money to your heirs. I have read several of Nick Murray's books, but this one is the first intended for the general investing public. As usual, as only he can, Nick takes a rather complex subject, and simplifies it so that the average investor, or beginning investor, can understand. If you are looking for the "hot" fund or for a get rich quick scheme, this book is not for you. However, if you are interested in putting together a plan to create the wealth that you desire, I think this book is for you. An easy to read handbook for disciplined investors.
Rating:
Summary: Every Investor Should Read This Book
Review: Like every book by Nick Murray, this book is excellent. As a financial advisor, this is one book that I would certainly give to every one of my clients and recommend to anyone else, but not for the reasons given in the previous review. Statistics show the the average mutual fund investor consistently underperforms the mutual funds that he or she owns. Why? Because they sell AFTER the fund has dropped 10% and buy back in AFTER the fund has risen 10%. After five years, the fund has delivered 10% average annual returns, yet the investor has achieved only 5-7% average annual returns (or worse). Murray correctly believes that the secret to long-term investment success lies in the investor's behavior, not in his ability to pick the best stocks or mutual funds. In this, and every other book by Nick Murray, he teaches investors how to fight their emotions and look beyond short-term performance to become better long-term investors. He preaches about the wisdom of dollar cost averaging and about buying stocks when they are "on sale." Murray also supports his bias toward equities with a clear, concise explanation of the "real" risks that every investor faces. Every investor will get something out of this book.
Rating:
Summary: Excellent Investment Book
Review: Nick Murray does a great job of explaining the concept of investing in mutual funds to creatate wealth. This book is simple and easy to read, a great book for a beginner. The internet has made investing very complex, Nick Murray has made the process simple.
Rating: 
Summary: Sales Material
Review: Nick Murray is the financial service industry's God. His book, The Excellent Investment Advisor is on every successful financial advisor's shelf. (...) Most people who buy this book are financial advisors who then give it to their clients, particularly the ones who are beginning to notice that the best that their advisor can do for them is match the market's return, and will thus underperform the market by however much he charges in fees. The marketing technique of Murray is to shift the client's attention off of performance and smother the client with confidence in the trust of their relationship. This book was written toward that end. If you read this sales pitch from the industry's God, then I suggest that you also read the advice of the industry's Devil: Jack Bogle, the founder of Vanguard Group, particularly his latest - Common Sense on Mutual Funds. Go to the index and make sure that you read what he writes on "wrap accounts"
Rating:
Summary: Must read for clients of financial advisors!!!
Review: This book, simply and conveniently, describes necessary investor behavior to accumulate wealth. This is a great book for financial advisors to send their clients and prospects to easily explain the "trick" to wealth accumulation and preservation. Some of the concepts and charts clearly illustrate what most of us try, sometimes in vain, to educate our clients about. Excellent tool for financial advisors. I highly recommend this!!!
Rating:
Summary: Must read for clients of financial advisors!!!
Review: This book, simply and conveniently, describes necessary investor behavior to accumulate wealth. This is a great book for financial advisors to send their clients and prospects to easily explain the "trick" to wealth accumulation and preservation. Some of the concepts and charts clearly illustrate what most of us try, sometimes in vain, to educate our clients about. Excellent tool for financial advisors. I highly recommend this!!!
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