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I’ll admit to picking up this book solely because of the title. I’ll also admit that I decided to read and review this book solely because I opened it to a random page, read a paragraph, and laughed – something I basically never do with a personal finance book. It shouldn’t be too surprising to discover that a book entitled The Lazy Person’s Guide to Investing has a very healthy dose of humor involved. Basically, the idea of the book is that if you don’t know a thing about investing and are lazy – meaning you just want to put your money in an investment and not worry about it a bit – this book will spell out for you exactly what to do with your money.
First choice: Fidelity Spartan 500 Index (FSMKX) Not so long ago, the idea that U.S. stocks should be at the core of any investment strategy would have been deemed too obvious to discuss. This decade, in which the brutal 2000-02 bear market and the current downturn have left the S&P 500 stuck where it started, may have changed that. Let's review: Since 1967 there have been seven bear markets, with losses ranging from 19% to 49%.