"Nick has a genuine gift - while he uses rigorous empirical evidence to make his case, he also manages to tell the story in such a way to keep the reader's attention and give them practical, actionable advice. In addition, he has just enough of a mischievous streak to challenge some long-held assumptions about investing, but in a manner that makes the empirical data a fresh, interesting story. Investors, new and old, will benefit from Nick's practical approach to investing."
James O'Shaughnessy, Founder and Chairman, OSAM LLC, and New York Times Business and BusinessWeek bestselling author, What Works on Wall Street
¡°Nick Maggiulli clearly delights in flouting the received wisdom about how people should manage their money. The end result is a book that¡¯s full of both aha moments and practical takeaways. As a fellow writer about personal finance, I felt a creeping sense of jealousy in what I was reading. Nick takes the tired topics of how to save and invest well and managed to make them utterly fresh and even quite a bit of fun.¡±
Christine Benz, Director of Personal Finance, Morningstar
¡°The first time I read Nick Maggiulli's writing I knew he had a special talent. There are lots of good data scientists, and lots of good storytellers. But few understand the data and can tell a compelling story about it like Nick. This is a must read.¡±
Morgan Housel, bestselling author of The Psychology of Money
¡°Just Keep Buying is the ideal combination of thoughtful and actionable. Maggiulli not only uses evidence to guide his suggestions, but he is also among the best at boiling everything down into ideas that are easy-to-understand and apply.¡±
James Clear, #1 New York Times bestselling author of Atomic Habits
Chapter Page
How to use this book ix
Introduction 1
1. Where Should You Start? 7
I Saving 13
2. How Much Should You Save? 15
3. How to Save More 24
4. How to Spend Money Guilt-Free 40
5. How Much Lifestyle Creep is Okay? 48
6. Should You Ever Go into Debt? 56
7. Should You Rent or Should You Buy? 67
8. How to Save for a Down Payment (and Other Big Purchases) 78
9. When Can You Retire? 90
II Investing 101
10. Why Should You Invest? 103
11. What Should You Invest In? 113
12. Why You Shouldn't Buy Individual Stocks 139
13. How Soon Should You Invest? 148
14. Why You Shouldn't Wait to Buy the Dip 167
15. Why Investing Depends on Luck 180
16. Why You Shouldn't Fear Volatility 191
17. How to Buy During a Crisis 202
18. When Should You Sell? 215
19. Where Should You Invest? 230
20. Why You Will Never Feel Rich 249
21. The Most Important Asset 259
Conclusion: The Just Keep Buying Rules 267
Ackno...wledgments 275
Endnotes 277