The ultimate guide for young people looking to build long-term wealth in the stock market
The New Money Strategy: The Modern Guide to Rational, Long-Term Investing is the ultimate strategy guide to help a new generation of investors harness the power of value investing and the stock market. In this book, Brandon van der Kolk, founder of the popular New Money YouTube channel with more than one million dedicated subscribers, reveals the common mistakes people are making in the markets today and the time-tested strategy to build long term wealth.
Readers will find insights on:
How the timeless strategies of legendary investors like Peter Lynch, Guy Spier, and Mohnish Pabrai can be applied to todays stock market Using Warren Buffets patient and principled stock-picking strategy to build wealth by targeting long-term multibaggers. A step-by-step framework for preparing financially, investing through low-cost index funds and identifying high-quality business at reasonable prices.
The New Money Strategy: The Modern Guide to Rational, Long-Term Investing delivers an essential roadmap for all investors seeking to build long-term wealth in the stock market.
FOREWORD BY PHIL TOWN V
PREFACE IX
AI DISCLOSURE XVII
ABOUT THE AUTHOR XIX
ACKNOWLEDGMENTS XXI
STEP 0 BEFORE YOU BEGIN 1
CHAPTER 1 THE NEW MONEY 3
STEP 1 GET PREPARED 17
CHAPTER 2 REVIEW YOUR FINANCES 19
CHAPTER 3 THE PSYCHOLOGY OF INVESTING 35
STEP 2 LAY THE FOUNDATION 57
CHAPTER 4 THE MOST COMMON INVESTING STRATEGY IN THE WORLD 59
CHAPTER 5 SETTING UP YOUR STRATEGY 77
STEP 3 FIND BUFFETT'S BARGAINS 89
CHAPTER 6 FINDING WONDERFUL BUSINESSES 91
CHAPTER 7 THE MOAT 113
CHAPTER 8 THE THREE MOAT TESTS 133
CHAPTER 9 ASSESSING MANAGEMENT'S INTEGRITY 151
CHAPTER 10 ASSESSING MANAGEMENT'S TALENT 179
CHAPTER 11 VALUATION 197
CHAPTER 12 WARREN BUFFETT'S BEST INVESTMENT 211
STEP 4 STAY THE COURSE 227
CHAPTER 13 RULES FOR BUYING AND SELLING 229
CHAPTER 14 STAYING ON TOP OF YOUR PORTFOLIO 245
REFERENCES 257
INDEX 261
BRANDON VAN DER KOLK is the founder of New Money, which has grown to over one million subscribers since its launch in 2017. He is co-host of The Young Investors Podcast and founder of New Money Education, an online platform offering investing tutorials with thousands of course subscribers. A former physiotherapist who transitioned to full-time financial education, van der Kolk has built a global audience spanning the United States, Canada, Australia, and the United Kingdom.
