Book Review: The Naked Investor

I read The Naked Investor: Why Almost Everybody But You Gets Rich on Your RRSP. It would make a good magazine article, but 288 pages? This guy is long-winded. However, the message is good: most mutual funds are a rip-off. The lesson I'm taking from it is stick with index funds and keep it simple: 1/3 bonds, 1/3 TSE, 1/3 S&P 500. I've been burned with stocks before, so I might even go with 1/2 my assets in a bond index fund. The book also turned me onto Barclay's iUnits--index funds that are traded like stocks.

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About

I'm an intranet consultant living in Nelson, BC. My company is One Intranets Inc. I'm the co-creator of ThoughtFarmer, social intranet software that powers enterprise intranets in Microsoft environments. I've been consulting on web and intranet projects since 1995 with a particular emphasis on interface design, information architecture and usability analysis.

I live with my wife, Gina, and our three children, Ana (age 7), Sam (age 5), and Reuben (age 1). Gina is my best friend and the absolute bestest wife a man could ever find. Ana is the most hospitable and intuitive 7-year old you'll ever meet. Sam accosts strangers on the street and engages them in deep conversation. Reuben walks from room to room and creates disasters, washing his hands in the toilet, lifting cats by the tail and eating things he finds in the kitchen garbage.

When I'm not working I'm playing with my family: golf, swimming, snorkeling, hockey, skiing and extreme travel. We're currently escaping winter with a 4-month stint in St. Lucia, West Indies.

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