Additional information
by Elizabeth MacBride (Author), Qian Liu (Author)
"This gem of a book should be required reading for everyone seeking to enhance their financial security."
-Burton G. Malkiel, author of A Random Walk Down Wall Street (50th anniversary edition, 2023)
Explore easy, automated, and low-cost ways to invest using online platforms
In The Little Book of Robo Investing: How to Make Money While You Sleep, a pair of long-time investors and founding team members at the pioneering and award-winning online investment platform Wealthfront deliver a fun, invaluable, and simple roadmap to making your money make money. You'll learn how to start investing with the easy, automated, and low-cost strategies that robo investment advisors have made super accessible to everyday people.
You don't need a ton of detailed knowledge about the financial and investment sectors to make impressive returns. The authors walk you through how to use techniques like automation, diversification and indexing to manage your risk and keep things absurdly simple. You'll also learn:
- The most common mistakes that new investors make when they're just getting started in the markets and how to avoid them
- Strategies for getting the ball rolling and investing your first dollar
- Valuable insights from behavioral economics and psychology to help you steer clear of major investing errors that even experienced and knowledgeable investors tend to make
Perfect for working professionals, members of young and growing families, and people beginning to think about their retirement plans, The Little Book of Robo Investing is a straightforward, engaging, and fun read that will get you ready to put your money to work intelligently and responsibly.
Front Jacket
In The Little Book of Robo Investing: How to Make Money While You Sleep, a pair of veteran investors and founding team members at award-winning robo investing platform Wealth-front deliver an easy-to-read and engaging roadmap to investing your money. You'll learn to intelligently manage risk, make smart choices, keep fees and taxes at their bare minimums, and use automation and indexing to keep your investment accounts as low maintenance as humanly possible.
Written for regular people who may not be familiar with the global financial systems, The Little Book of Robo Investing breaks down the strategies that wealthy individuals, families, foundations, endowments, and organizations use every day to make their money make money. You'll get the best investment practices, tax strategies, and even insights from behavioral economics that make it super easy to make money while you sleep.
The authors explain what the most effective investment strategies are for busy people who want to invest with confidence, secure in the knowledge they are up-to-date on the latest strategies. Many people could improve their returns and save tens or hundreds of thousands of dollars over their investing lives with the help of robo-advisors. The book explains the most common mistakes that people make when first starting out in investing, as well as the pitfalls experienced investors fall into time and again.
So, if you're looking for a gentle-but-effective "kick in the pants" to get started on your investment journey, The Little Book of Robo Investing can get you on your way to making money on autopilot with minimal effort. It's the perfect book for working professionals, young families, and people beginning to plan for their eventual retirements and other financial goals, as well as anyone who's ever wondered if there's an easy, automated, and low-cost way to invest.
Back Jacket
PRAISE FOR THE LITTLE BOOK OF ROBO INVESTING
"Robo Investment Advisers provide investors with everything professional wealth managers dispense at a fraction of the cost. MacBride and Liu explain, in an accessible and user-friendly style, how Robo Advisers enable investors to achieve optimal investment fund selection, broad diversification, rebalancing, and tax loss harvesting, and to gain unconflicted investment advice. This gem of a book should be required reading for everyone seeking to enhance their financial security."
--BURTON G. MALKIEL, author of A Random Walk Down Wall Street (50th anniversary edition, 2023)
"Here are two secrets to success in investing. The first is to focus on low cost, low fees, low taxes indexing (which also gives you top quartile results over the long term). The second is, as President Obama famously said, 'Don't do stupid stuff!' and avoid the many all too human mistakes almost everybody makes when trying to 'do better.' These two secrets have created a wonderful opportunity for Robo Advisors as this little book so beautifully explains."
--CHARLES D. ELLIS, author of Winning the Loser's Game
"This accessible book gives a roadmap beginner investors can use to build wealth and achieve financial freedom over time. The authors did a great job informing readers how to use robo investing platforms with ease to start small, invest for the long term, avoid psychological traps, and live a financial life consistent with one's values."
--CHAMATH PALIHAPITIYA, founder and CEO of Social Capital, philanthropist, co-host of the All-In podcast, and former executive at Facebook and AOL
"This wonderful 'little' book is full of big insights--like the fact that fees, fear, and needless complexity are bigger threats to your investments than the next market downturn--and simple, actionable advice for harnessing the power of robo platforms. Armed with this book, individual investors at any level have the tools to tune out overpriced sales pitches, and turn small, steady contributions into meaningful financial security for the long run. An indispensable guidebook for today's Intelligent Investor."
--AMBASSADOR JOE TORSELLA (Ret.), Former State Treasurer of Pennsylvania
Author Biography
Elizabeth MacBride is a journalist and an internationally known finance writer who crafted the language that launched the robo investment movement. She has written or edited for Newsweek, MIT Tech Review, Forbes magazine, Atlantic.com, Stanford GSB, CNBC and many others. She is the co-author, previously, of The New Builders: Face to Face With The True Future of Business.
Qian Liu is the Chief Data Officer at Guideline, an online investment platform that manages small business 401(k) plans. Prior to this position, Qian was the Head of Data at GoFundMe. Qian was also previously the Director of Research at Wealthfront where she led the research and development of automated investment products.
