Personally I would never use a “Get Rich by Buying My Book about the Stock Market” book as an investment guide. The one person guaranteed to make money is the author.
I have the “gailcalled” method which has been very successful over the past 20 years.
#1 Buy large, financially conservative American companies with a dividend and a repository of cash, hold for a long time (and reinvest the dividends if possible).
#2 Put enough money into a money market fund (like Vanguard, which has a very low fee) to pay large yearly expenses…taxes, real estate taxes, mortgage, car loan, a surprise medical issue, etc.
#3: Use a Vanguard muni-bond fund for the long haul. Reinvest the dividends if possible. I use the Vanguard Triple Tax Free NYS bond fund. (Neither I nor any of my family or friends work for Vanguard.)
Why isn’t everyone rich? Does that tell you something about the complexities of playing the market? If you can generate a 4% yield after taxes these days, consider yourself lucky.
@Whitsoxdude: …it doesn’t seem too complicated. That is naive and povery-inducing. Be careful, please.