The Idiot Millionaire by Derek Foster – Review and Giveaway
Derek Foster is back again with his fifth book – The Idiot Millionaire (link). This book follows a common theme about investing,with the focus on “idiot proof” stocks rather than exclusively dividend achiever type stocks. To Mr. Foster, idiot proof stocks are those that have global brand recognition and have a distinct competitive advantage.
For those of you who follow Derek Foster, you may know of the most recent “controversy” surrounding him where he sold all of his long term positions just before the market bottom in 2009. As he’s been asked about this many times over the past couple years, he dedicated a section in the book to explain what happened, and what he did after he sold. It turns out that he didn’t make out so bad (more on this in the next post).
Who is Derek Foster?
Derek Foster is known as Canada’s Youngest Retiree when he retired at the young age of 34. How did he do this? Through starting young and sticking with his investment plan of buying strong dividend paying stocks. He feels very strongly about his strategy and rightly so as he has achieved great success. His first book Stop Working: Here’s How You Can is a Canadian Best Seller.
Foster currently lives off and supports his family through dividend distributions, book sales, and a rental property (sold). Note that he retired before publishing his first book. You can read more about him in my book review of Stop Working: Here’s How You Can.
About the Book
As previously mentioned, this book focuses on stocks that have a long term competitive advantage by pointing out and explaining the authors favorite stocks in each sector. The chapter outline includes:
- Why you should invest in idiot proof stocks
- Bank Stocks and other Financial Companies
- Pipeline Stocks
- Tobacco Stocks
- Food and Drink Stocks
- Consumer Stocks
- Hygiene Stocks
- Oil Stocks
- Entertainment Stocks
- Transportation Stocks
- Business to Business Stocks
- Education Stocks
- Buying Bargain Stocks
- Where to Look for Idiot Proof Stocks
- Taxes and an update on the authors portfolio
While this book did give me some ideas on stocks to add to my watch list, Derek’s first book is still my favorite. Perhaps it’s because I’m a little more experienced now with investing and that I’ve read about a lot of the same concepts before. I would say this book is geared for someone just starting out in their investing journey and looking for ideas on which companies to look into.
Want a Free Copy?
The author is offering Million Dollar Journey readers the chance to win a free copy of the book. The details are below:
- New and Existing Money Tips Newsletter Subscribers will be drawn at random for a free book (you can subscribe here). (+1 entry)
- Leave a comment in this post by clicking here. (+1 entry)
- Only one comment entry per person (valid email addresses only please – privacy policy).
- Contest will end Sat 5pm EST Jan 29, 2011 and the winner, drawn randomly, will be contacted shortly after!
260 Comments, Comment or Ping
1. Jaymus (RealizedReturns)
Here’s my comment to enter.
p.s. Authoring all of these books, it is becoming more evident that Derek has a different definition of “retirement” than most people.
Jan 24th, 2011 @ 9:07 am
2. PaigeSix
I’m excited to see what this book is all about! Let’s hope this comment allows me to win!
Jan 24th, 2011 @ 9:18 am
3. Michael
Sounds interesting. Would definitely like to read it.
Jan 24th, 2011 @ 9:41 am
4. Alexander
I would like to spread your idea and the message of the new book in Europe, especially in Germany.
I’m happy to read this book.
Greetings
Alexander
Jan 24th, 2011 @ 9:56 am
5. Darren
Wouldn’t mind reading this!
Jan 24th, 2011 @ 10:22 am
6. Uncle El
HAve a list of dividend stocks I want to invest in, but could use some more ideas.
Jan 24th, 2011 @ 10:26 am
7. Susan
I have always recommended derek’s first book to my 20 something clients. Not so much because of any specific strategies but more to show them it can be done. Too many books focus on 40 something age group and the younger crowd can’t relate.
Jan 24th, 2011 @ 10:27 am
8. Oli
Would definitely be interested in giving this book a stab!
Jan 24th, 2011 @ 10:33 am
9. Ken
I’d love to retire that early
Jan 24th, 2011 @ 10:51 am
10. cbez
Looks like an interesting read!
Jan 24th, 2011 @ 10:55 am
11. RI
Good luck on the Giveaway for everyone.
Jan 24th, 2011 @ 11:19 am
12. Jamie
Retiring at 34? Sounds like a dream! I wonder what he does to keep busy!
Jan 24th, 2011 @ 11:27 am
13. netParticles
I’m looking forward in reading this, thank you for the review!
Jan 24th, 2011 @ 11:40 am
14. Imad
I would love reading this book so I could retire at 34 too!!!
Jan 24th, 2011 @ 11:59 am
15. Ahmed
I hope I win!
Opps. my comment was too short. Re-posting.
Jan 24th, 2011 @ 12:20 pm
16. Andrew
I think it’s too late for me to hit 34 but I’d certainly be happy with 43! :)
Jan 24th, 2011 @ 12:25 pm
17. Aaron
Ugh. Pick me, I guess. :-P
Jan 24th, 2011 @ 12:26 pm
18. Mike
I recently “retired” at 36. It would be nice to compare notes.
Jan 24th, 2011 @ 12:35 pm
19. Daryl
Sounds like a neat book
Jan 24th, 2011 @ 12:36 pm
20. Andrea
Sounds like an interesting book
Jan 24th, 2011 @ 12:37 pm
21. Joel
I read his Stop Working book… and would be interested in this one.
Jan 24th, 2011 @ 12:37 pm
22. Nick Somers
Sounds like a good read for me. I am 23 and just getting rolling in the investing world. It seems that he has a similar investing strategy to me but much more experienced and knowledgeable.
Jan 24th, 2011 @ 12:40 pm
23. Jeevan Trehan
Will be definitely interested to read as I feel that I fall into the category of getting to understand investments..
Jan 24th, 2011 @ 12:44 pm
24. James
I read his other books. Mostly good reads. Must be read with some skepticism but all have some good ideas that can definitely get you in the right direction/frame of mind for investing.
Jan 24th, 2011 @ 12:47 pm
25. marcin
This would be a great start for me….appreciate what you do
Jan 24th, 2011 @ 12:47 pm
26. Jonathan Simon
Sounds like a great book!
Jan 24th, 2011 @ 12:47 pm
27. Barry
that means I’ve only fot 4 years left to become the new yongest retiree.
Jan 24th, 2011 @ 12:49 pm
28. Ryan J.
Having a variety of different investments, I think it is time I start to look at dividend producing stocks for the long term.
Jan 24th, 2011 @ 12:49 pm
29. Kelly Harps
Sounds like the booke for me!
Jan 24th, 2011 @ 12:51 pm
30. Senk
Looks interesting.
Jan 24th, 2011 @ 12:51 pm
31. Sandy Shaw
i secretly feel like an idiot invester…would be great to see if i can retire by 64 not 34!
Jan 24th, 2011 @ 1:06 pm
32. Wayne
Should be an interesting books. Have read all of his others.
Jan 24th, 2011 @ 1:07 pm
33. Digger
Read his other books. Would be interested in reading this one as well.
Jan 24th, 2011 @ 1:07 pm
34. reader
I had a chance to read his first book and loved it. I am pretty sure that this book is even better than one before.
Hurray Derek , Hurray Wasaga beach, Love to do cross country ski right there
:)
Jan 24th, 2011 @ 1:08 pm
35. Michelle
Interesting list of stocks, we have some but need to diversify a bit more so its a good starting point.
Jan 24th, 2011 @ 1:10 pm
36. J.
Should be interesting
Jan 24th, 2011 @ 1:15 pm
37. Darryl
Interesting book, sign me up
thanks
Jan 24th, 2011 @ 1:15 pm
38. Derek Foster
FrugalTrader,
Just two minor points…I had a rental property a few years ago, but don’t (so there is no rental income). Also, this is my fifth book, not fourth.
Cheers,
Derek Foster (author)
Jan 24th, 2011 @ 1:17 pm
39. Scott
Love to read about different investment strategies and ideas. Would be a great read for the new year.
Jan 24th, 2011 @ 1:18 pm
40. Matt
Enjoyed his first, curious to see what he has to say in this one.
Jan 24th, 2011 @ 1:20 pm
41. Bernie B
I think giveaways like this are a great way to promote your site. Kudos.
Jan 24th, 2011 @ 1:21 pm
42. Rick
I would like to read Derek’s latest book . Knowledge is Key !
Jan 24th, 2011 @ 1:22 pm
43. Colleen
It’s my birthday today and winning this book would be a nice present! I’m very interested in investing but still have a lot to learn.
Jan 24th, 2011 @ 1:23 pm
44. Sandra
It would be great to win this book and read about Derek’s ideas on where to invest.
Jan 24th, 2011 @ 1:25 pm
45. John
I’m new to investing. This sounds like just the ticket to get me rolling!
Jan 24th, 2011 @ 1:26 pm
46. ASH 37
Enjoyed his first, curious to see what he has to say in this one.
Jan 24th, 2011 @ 1:26 pm
47. Peter
count me in for the giveaway
Jan 24th, 2011 @ 1:30 pm
48. Saver
Looking forward to another great read by Derek. His books are very simple and easy to read, great for me!!
Jan 24th, 2011 @ 1:34 pm
49. gail
Glad you reviewed this! I just read it myself (from the library… I do read this blog, and am working towards increasing my net worth). It’s a great book, but it had a number of spelling and grammatical errors; just saying. I have read all of Derek’s books.
Jan 24th, 2011 @ 1:35 pm
50. TJ
Sounds interesting; I’d love to read it.
FYI, your link to Foster’s first book “Stop Working…” is not functioning properly.
Cheers!
Jan 24th, 2011 @ 1:38 pm
51. DoNotWait
I can’t wait to read your post on how he turned out after selling everything.
Jan 24th, 2011 @ 1:43 pm
52. JB
I like Derek’s first book. This one is on my list…
Jan 24th, 2011 @ 1:43 pm
53. Shelly
How fantastic that Derek is willing to share his process.
Can’t wait to read this new book + gain a wealth of information that could get me outta here sooner rather than later.
Jan 24th, 2011 @ 1:44 pm
54. SteveF
@Jaymus – agreed – when I retire you will never hear from me again…
Jan 24th, 2011 @ 1:47 pm
55. Katie
Sounds like an interesting read.
Jan 24th, 2011 @ 1:48 pm
56. Chris
Free book! Woo!
Jan 24th, 2011 @ 1:56 pm
57. Dexter
I’d love to give this a read
Jan 24th, 2011 @ 2:00 pm
58. Will
I’m several years behind on retiring by 34. Better late than never! I could really use this book.
Jan 24th, 2011 @ 2:03 pm
59. Boris
I love free stuff. I can’t get his book from the library
Jan 24th, 2011 @ 2:04 pm
60. Alain Chiasson
Will be looking forward to reading both books.
Jan 24th, 2011 @ 2:05 pm
61. Paresh
I read Derek’s first book and would love to get a free copy to read! I am curious to know the stats about how many people are able to implement the advice received from this kind of books and achieve their goal of retiring by say 45?. Looking at the demographics of working and retired people around me it seems not that many!!
Jan 24th, 2011 @ 2:11 pm
62. Mark
Hook me up, yo.
Jan 24th, 2011 @ 2:17 pm
63. Peter
In for what sounds like a decent read!
Jan 24th, 2011 @ 2:21 pm
64. ScottTO
I’m in. I would love to see what he has to say. Very curious what he has to say about he big sell off.
Jan 24th, 2011 @ 2:26 pm
65. c. layne
I’ve been told I’m an idiot…therefore i’m halfway there! I just need this book!
Jan 24th, 2011 @ 2:26 pm
66. Matt
Sounds interesting! Looking forward to reading it.
Jan 24th, 2011 @ 2:32 pm
67. Terri
I have enjoyed all four previous reads, and would love to read the follow up.
Jan 24th, 2011 @ 2:35 pm
68. Zdad
Looking forward to reading this book. Read most of the others and have put many ideas into practice! I’m a big fan.
Jan 24th, 2011 @ 2:37 pm
69. Steve Zussino
I would like to read this book to get advice for some future dividend stock purchases.
Jan 24th, 2011 @ 2:48 pm
70. Caroline
Thanks for your book reviews! I read David Foster’s first book and found it really opened my eyes. I would love to get my hands on a (free) copy of this book.
Jan 24th, 2011 @ 3:00 pm
71. V32
I enjoyed Derek’s previous books and could use this one as a resource since I’m just starting out as a DIY investor.
Jan 24th, 2011 @ 3:05 pm
72. Andrew
put me in the draw
Jan 24th, 2011 @ 3:05 pm
73. Dutchie
I’ve read/own 3 of his 4 books. ( I didn’t know he had a fourth book) I would like to add this to my collection.
Jan 24th, 2011 @ 3:19 pm
74. Michael B
Would love a copy.
Jan 24th, 2011 @ 3:24 pm
75. Jane Smith
I’m looking forward to reading this book. I have just recently gotten involved in finances as a career and have been soaking up as much information as possible.
Thanks!
Jan 24th, 2011 @ 3:27 pm
76. Chris
I think I live near this guy. Draw me up!
Jan 24th, 2011 @ 3:30 pm
77. Alex satchi
Would be nice to retire at 34.
Jan 24th, 2011 @ 3:33 pm
78. Kevin
Just starting out in investing and plan on reading his book.
Jan 24th, 2011 @ 3:33 pm
79. Traciatim
Count me in. After reading Enough Bull from Trahair it would be interesting to see Fosters take on ‘the other side’ and how it should be simple to pick winning a combination. I wonder if I take half my money and put it in either plan how it would turn out in the end. Then I wonder how it would stand up to the magic formula :)
Jan 24th, 2011 @ 3:34 pm
80. Mark
Count me in for the giveaway. Thanks.
Jan 24th, 2011 @ 3:53 pm
81. Marypat
Please enter my name in the draw. I have 2 of Derek’s books and would really enjoy reading his latest. Thanks!
Jan 24th, 2011 @ 3:54 pm
82. Kyle
I’ve read/own 3 of his 4 books. ( I didn’t know he had a fourth book) I would like to add this to my collection.
Jan 24th, 2011 @ 4:01 pm
83. dsven
He’s a bit of a snake oil salesman – but for a free copy, what do I have to lose?
(I hope said insult doesn’t automatically disqualify me!)
Jan 24th, 2011 @ 4:10 pm
84. Lindsay
Love the Posts from M$J and your Featured Writers. Very helpful in getting many of us on the right track. Thank you so much.
Jan 24th, 2011 @ 4:13 pm
85. jimmy
would like the free book!
Jan 24th, 2011 @ 4:24 pm
86. Jim
I’d be interested in reading this book.
Jan 24th, 2011 @ 4:34 pm
87. Matthew
Retire at 34?! How early did he start? He must have begun with a serious “nest egg”? Or had a seriously high paying job over the course of his wealth building. Haven’t read the book but I’ll have to check it out.
Jan 24th, 2011 @ 4:40 pm
88. Denis
Need to re think my investment philosophy. Would be a good read.
Jan 24th, 2011 @ 4:51 pm
89. chris
thanks! sounds like a good one
Jan 24th, 2011 @ 4:53 pm
90. Andre
I’ve read a couple of his other books, would be interested in this one too. Thanks
Jan 24th, 2011 @ 5:02 pm
91. Lisa
I would be interested in giving this book a read…thanks.
Jan 24th, 2011 @ 5:10 pm
92. Alex
As someone who has just started in dividend investing, I would definately be interested in reading his book.
Jan 24th, 2011 @ 5:29 pm
93. Pete
Yeah, my bread and water might be enhanced with this book.
Jan 24th, 2011 @ 5:45 pm
94. Ryan
I am so inspired by Derek
Jan 24th, 2011 @ 5:50 pm
95. Bill
I’m going down south and need a good book to read, this one sounds great .
Jan 24th, 2011 @ 5:55 pm
96. Jusebastien
Count me in for the draw.
Jan 24th, 2011 @ 5:55 pm
97. Jeroen
I’ve read all of his previous books, so would love to win this one!
Jan 24th, 2011 @ 6:07 pm
98. Richard
I’ve just started dividend investing and would love to read this book too! Thanks!
Jan 24th, 2011 @ 6:14 pm
99. Eric
I’m interested
Jan 24th, 2011 @ 6:26 pm
100. nora
Would love to win this book. Thanks for the giveaway!!
Jan 24th, 2011 @ 6:36 pm
101. Larry
Long time lurker here.
Please enter me for the draw.
Jan 24th, 2011 @ 6:36 pm
102. DBL
Sounds like another good read.. Looking forward to it!
Jan 24th, 2011 @ 6:42 pm
103. Gerry
I’d love to read this book.
Jan 24th, 2011 @ 6:52 pm
104. Jason
I seen Derek on The Hour awhile back and never did end up picking up his book, would love to give this one a read sounds interesting.
Jan 24th, 2011 @ 7:05 pm
105. Kelly
Thanks for the review. Always good to get another book referral.
Jan 24th, 2011 @ 7:14 pm
106. mike
Looks like an interesting read.
Jan 24th, 2011 @ 7:50 pm
107. Martin
I’m always interested to read about what Derek Foster is up to!
Jan 24th, 2011 @ 8:05 pm
108. Jonathan H
Pick me. Pick me.
Jan 24th, 2011 @ 8:43 pm
109. Big E
Idiot Millionaire … just what I want to be!
Jan 24th, 2011 @ 8:48 pm
110. Michael
Very interested in his latest book, would love to get my hands on it. Count me in!
Jan 24th, 2011 @ 8:54 pm
111. Bernie
I’m a Derek Foster fan & would love to have this book!
Jan 24th, 2011 @ 9:01 pm
112. amber
I need this book!
Jan 24th, 2011 @ 9:03 pm
113. amber
I want, need, gotta have this book!
Jan 24th, 2011 @ 9:03 pm
114. Ozgur
I would like to have this book, thanks
Jan 24th, 2011 @ 9:16 pm
115. PuddleJumper
Sounds like another book written for me!
Jan 24th, 2011 @ 9:26 pm
116. carllecat
I am idiot and future investor. As a result, this book should be given to me!
Jan 24th, 2011 @ 9:27 pm
117. Steve R
So I left a job several years ago and know have a new one. I guess I’m retired.
Jan 24th, 2011 @ 9:29 pm
118. Allan
I’m an idiot and not a millionaire :( Maybe this book can help!
Jan 24th, 2011 @ 9:34 pm
119. Dreamy
would love to read dis book & learn!~
Jan 24th, 2011 @ 9:53 pm
120. AL
Would love to rerad it and pass it on to others who will also benefit
Jan 24th, 2011 @ 9:54 pm
121. Linda
I’m a big Derek Foster fan and have read his 1st & 2nd books & have followed some of his advise re: buying stock through discount brokers & enrolling in DRIP’s and would really like to read this one too.
Jan 24th, 2011 @ 10:12 pm
122. Adam Poirier
Who wouldn’t want to read anything that could help them retire at 34?
Jan 24th, 2011 @ 10:40 pm
123. Kevin
Count me in! I’m not a Derek Foster fan, but I’m willing to keep an open mind.
Jan 24th, 2011 @ 10:41 pm
124. maurice mendonca
Excellent Trusted Author
Jan 24th, 2011 @ 10:44 pm
125. Garrett
Wouldn’t mind giving it a read.
Jan 24th, 2011 @ 10:52 pm
126. Kate
I’d love to have the book, thanks!
Jan 24th, 2011 @ 10:54 pm
127. Bhaskar Naik
Would love to read this book. Hope I can win it.
Jan 24th, 2011 @ 11:12 pm
128. No Fees For Me
Really keen to see how he picks his stocks.
Looking at my latest mutual fund statements I now have the same balance that I had five years ago. Lots of money through fees, etc. for the fund companies and my so called “advisor” – they can’t afford to have me retire.
Jan 24th, 2011 @ 11:13 pm
129. Jeannie
I could use the advice! Hope I win!
Jan 24th, 2011 @ 11:54 pm
130. Donna
Would love to read this book as Derek’s first book is your favourite! I’d also like to read his first book too.
Jan 25th, 2011 @ 1:19 am
131. Vonnie
His first book was the one that got me started in investing, really interested in reading what he’s up to now!
Jan 25th, 2011 @ 1:24 am
132. iamphysio
Always like the opportunity of reading a new book.
Thanks again.
Jan 25th, 2011 @ 1:36 am
133. Kenny
I liked his first book, but was a bit disappointed when he cashed out. He frequently post on the canadian business forum.
Jan 25th, 2011 @ 1:37 am
134. Erik
Haven’t read it yet, I look forward to it
Jan 25th, 2011 @ 1:37 am
135. UH
Count me in! Seems like derek is an interesting fellow
Jan 25th, 2011 @ 2:12 am
136. 20 and Engaged
I’d love to win the book and I’m signed up for your RSS feed :)
Jan 25th, 2011 @ 3:07 am
137. Ian
Thanks for taking the time to review the text. I always find reading reviews of a new financial book motivates me to consider further options. I would should love a copy. Thanks.
Jan 25th, 2011 @ 3:13 am
138. CA Student
Looks great! Would be nice to win a copy!
Jan 25th, 2011 @ 3:49 am
139. Ramona
Yep – I’d like to win. Pop me into the contest please.
Jan 25th, 2011 @ 9:13 am
140. Craig
Read his other books, and really liked them.
Jan 25th, 2011 @ 9:57 am
141. SoloSailor
Is it me or is your blog getting better and better? For sure I’ve always enjoyed it, it’s just that now I’m appreciating your contributions more and more with the passing of time … and of course your incremental experience in blogging.
Thanks
Jan 25th, 2011 @ 10:07 am
142. joncosmo
Looks great! Would love to win a copy!
Jan 25th, 2011 @ 10:46 am
143. Michael Hall
Look Interesting
Jan 25th, 2011 @ 10:47 am
144. terry tosky
i need to read more about derek foster and how he continually beats most other investors -
Jan 25th, 2011 @ 10:53 am
145. Khawar Randhawa
Looks to be great opportunity
Jan 25th, 2011 @ 11:12 am
146. LBanks
Seems like Derek funds his retirement with all the books he writes….
Jan 25th, 2011 @ 11:43 am
147. satin005
my first comment on this site
Jan 25th, 2011 @ 12:40 pm
148. Max
I want one! Even though I agree the first one must be the best.
Jan 25th, 2011 @ 1:00 pm
149. Cale
Here’s hoping I’ll win – and learn about Derek’s strategies.
Jan 25th, 2011 @ 1:18 pm
150. Sam
Sounds like an interesting book to read. :)
Jan 25th, 2011 @ 1:26 pm
151. Judy
Attended a Derek Foster seminar here in Sarnia. Interesting fellow. Would love to read his latest book.
Jan 25th, 2011 @ 2:20 pm
152. Gin
Good day FT,
Thanks for this blog. It is really useful for us interested in investing.
I read Derek’s first book. This one seems quite interesting. I hope I’ll win a copy!
Jan 25th, 2011 @ 2:41 pm
153. Vic
Thanks for this great opportunity.
Looking forward to become an “idiot millionaire”.
Jan 25th, 2011 @ 3:10 pm
154. Amit
Would love to read about all the stocks the author talks about.
Jan 25th, 2011 @ 3:16 pm
155. Lyne
Thank you for the chance to win!
Jan 25th, 2011 @ 3:47 pm
156. Lindsay
I have researched Derek and he has an interesting take on this space and I look forward to learn more. Thank you!
Jan 25th, 2011 @ 4:06 pm
157. Pigzfly
Sounds like an interesting read, count me in!
Jan 25th, 2011 @ 4:49 pm
158. Kevin Ross
Thanks for the opportunity to win !
Jan 25th, 2011 @ 5:30 pm
159. Paulo F
Sounds like it should be good. Thanks for the chance to win. :)
Jan 25th, 2011 @ 6:03 pm
160. Frank
Would love a copy, thanks!
Jan 25th, 2011 @ 6:35 pm
161. Red
Here’s my entry
Jan 25th, 2011 @ 6:48 pm
162. Chung
Would love a copy, thanks
Jan 25th, 2011 @ 8:43 pm
163. Nurseb911
And here I thought this guy had disappeared. What a joke….first he preaches one thing, does another, tries to re-invent himself and all the while doesn’t disclose positions until “after” the fact with nothing material to prove he’s made any money off anything aside from his books. This guy is selling the same information that is commonly available for free in lots of great resources. His interest is continuing to make money off these books rather than contributing anything worthwhile to the knowledge of new investors.
Jan 25th, 2011 @ 9:46 pm
164. krantcents
Please send me a copy
Jan 25th, 2011 @ 9:52 pm
165. bluegirl571
I would really like to win the book, thanks for the opportunity!
Jan 25th, 2011 @ 10:23 pm
166. peggy
I’m always interested to read personal finance books. Thanks.
Jan 25th, 2011 @ 10:29 pm
167. Brendan
At 20 years old I’ll put it to best use.
Jan 25th, 2011 @ 10:38 pm
168. Jeff Pick
Looks very interesting!!
Jan 25th, 2011 @ 11:43 pm
169. Michael
He sold at the bottom which has to be the worst decision ever but his books are interesting.
Thanks MDJ
Jan 26th, 2011 @ 12:06 am
170. Indy
Looks like an interesting book. Would be nice if I could get a hold of this free copy. Thanks.
Jan 26th, 2011 @ 12:26 am
171. Mark
Id read this! Love to get the copy!
Jan 26th, 2011 @ 12:47 am
172. Kel
Would be very interesting reading about the now controversial Mr. Foster and his definition of wealthy and retirement !
Jan 26th, 2011 @ 2:00 am
173. Pat
I have bought one of his books and borrowed the others and I’ll probably read this one at some point. It would be great if I could win it!
Jan 26th, 2011 @ 2:18 am
174. K
I am 41 and only invest in Mutual Funds so far, would love to read this book.
K
Jan 26th, 2011 @ 2:49 am
175. Brady
Derek Foster is an inspiration to all.
Jan 26th, 2011 @ 4:14 am
176. Emily
Count me in! Would love a copy!
Jan 26th, 2011 @ 11:26 am
177. chad
it looks like a very good book for all.
Jan 26th, 2011 @ 11:44 am
178. Mark
It looks like an interesting book.
Jan 26th, 2011 @ 11:50 am
179. andrewbpaterson
Derek Foster’s awesome!
Count me in…
Jan 26th, 2011 @ 1:03 pm
180. Mark
I want to read about him!
Jan 26th, 2011 @ 2:18 pm
181. G.V.Ananthaswamy
IT SEEMS TO BE A GOOD BOOK TO READ IF IT IS NOT ‘COUNTRY SPECIFIC’. I WANT TO READ IT IF I WIN A FREE BOOK. GOD BLESS.
Jan 26th, 2011 @ 2:37 pm
182. tsiko
Thanks for this chance to win the book.
Jan 26th, 2011 @ 4:34 pm
183. Erin
I’m just getting into personal finance and I have so much to learn yet it’s daunting but I’ve been enjoying and been inspired by so many PF bloggers it’s wonderful! Thanks for putting all this great info out there!
Jan 26th, 2011 @ 5:11 pm
184. Ryszard
I really enjoy your blog. I am just getting into personal finance, and I am trying to learn as much as possible to make sure I can retire, sometime.
Jan 26th, 2011 @ 9:08 pm
185. Andrea
I would love to win a copy of this book!
Jan 26th, 2011 @ 9:08 pm
186. Sarah T
Thank you for the opportunity to enter to win this book – looks like a great one.
Jan 26th, 2011 @ 9:20 pm
187. Tony
sounds like it will be another winner
Jan 26th, 2011 @ 10:07 pm
188. Lanette
I’m just starting my investing journey and am always looking to read easy-to-understand books that can help build my knowledge base. This one sounds like it’d be great!
Jan 26th, 2011 @ 11:58 pm
189. Richard
looks like a nice read
Jan 27th, 2011 @ 12:02 am
190. Greg
I’d like to read it.
Jan 27th, 2011 @ 2:09 am
191. Jungle
Thanks for the book review Frugal, I didn’t know he came out with a new one. Please add me to the list for the free book draw.
Jungle.
Jan 27th, 2011 @ 5:35 am
192. Jenny
I read his other books and liked them. I want to read this one too!
Jan 27th, 2011 @ 6:13 am
193. Cowtown Realist
Sounds great, would love to read it!
Jan 27th, 2011 @ 7:23 am
194. Glenn Tucker
Always interested in read ways to invest smarter.
Jan 27th, 2011 @ 10:52 am
195. Marie
Sounds like an interesting read!
Jan 27th, 2011 @ 11:39 am
196. k
Way to go Derek! Congrats on the new book and congrats to MDJ for reviewing it….
Jan 27th, 2011 @ 1:32 pm
197. Priy
Wouldn’t mind reading this!
Jan 27th, 2011 @ 7:02 pm
198. Abraham
Sounds like an interesting book. I hope I win!
Jan 27th, 2011 @ 7:12 pm
199. mina
I’d love to read this.
Jan 27th, 2011 @ 9:27 pm
200. Mike
Sounds like a good yarn
Jan 27th, 2011 @ 11:20 pm
201. JP
Just getting into divided investing. This would be an interesting read.
Jan 28th, 2011 @ 12:22 am
202. Paul
I would love to read his new book
Jan 28th, 2011 @ 12:23 am
203. Dave
Would love to have this book!
Jan 28th, 2011 @ 6:56 am
204. Frank
Let’s see how he is different from Jarislowsky, the canadian Warren Buffet
Jan 28th, 2011 @ 9:21 am
205. Matt
The book sounds very useful.
Jan 28th, 2011 @ 9:25 am
206. Niki
love to read it :)
Jan 28th, 2011 @ 10:31 am
207. Connie Walsh
I loved the one about dividends so I am looking forward to this one.
Jan 28th, 2011 @ 11:10 am
208. Allison
I would like to win the book so that I can learn to discuss investing with my husband!
Jan 28th, 2011 @ 11:45 am
209. David
Would be interested in reading it.
Jan 28th, 2011 @ 1:07 pm
210. GG
I need all the help I can get with starting to invest in the stock market; I find it overwhelming.
Jan 28th, 2011 @ 1:11 pm
211. Marc
Hey … thanks for the opportunity. I am very interested in all Derek’s writings and advice.
Jan 28th, 2011 @ 1:13 pm
212. Richard
Would love to win this book!
Jan 28th, 2011 @ 1:15 pm
213. Gaurav
I want to know different ways of investing.
Jan 28th, 2011 @ 1:19 pm
214. Alberto
Read all Foster’s books before this one, would like to get hold of this one as well.
Jan 28th, 2011 @ 1:30 pm
215. FrugalGreenie
I want to know more.
Jan 28th, 2011 @ 1:37 pm
216. RRS
I have his first book, ‘Stop Working, Here’s How You Can’.
I wnat this one as well.
Jan 28th, 2011 @ 1:53 pm
217. RRS
I have his first book, ‘Stop Working, Here’s How You Can’.
I want this one as well.
Jan 28th, 2011 @ 1:53 pm
218. Matthew S
Derek Foster’s books have been interesting so far. I look forward to reading this one.
Jan 28th, 2011 @ 2:03 pm
219. Gene
Wow, lots of comments.
Jan 28th, 2011 @ 2:11 pm
220. rob
Hoping to win for a change.
Jan 28th, 2011 @ 2:14 pm
221. Judy
let’s hope for another winning book
Jan 28th, 2011 @ 2:38 pm
222. TTTSNB
Can’t wait to read it
Jan 28th, 2011 @ 2:50 pm
223. Howard Cowan
Sounds good to me – I’d love to have a look-see!
Jan 28th, 2011 @ 3:07 pm
224. Y
Interested to read the new book my Mr. Foster. One of his previous actually prompted me to start acting.
Jan 28th, 2011 @ 4:38 pm
225. Kevin
Would love to read it!
Jan 28th, 2011 @ 4:55 pm
226. Lisa
I would love to win this book
Jan 28th, 2011 @ 5:10 pm
227. Rob
Hopefully, pick up some great ideas
Jan 28th, 2011 @ 5:42 pm
228. Good Times
Derek’s strategy of picking dividend paying stocks is truely the correct way to invest in the stock market. Simply trying to buy low and sell high is very similar to playing the lottery, and usually has the same results.
Jan 28th, 2011 @ 5:47 pm
229. Nate
I like to win the book
Jan 28th, 2011 @ 5:56 pm
230. Hung
It is awesome that the book covers so many types of stocks. But I’d love to read Chapter 1, 13 and 14 most imho.
Jan 28th, 2011 @ 6:07 pm
231. Henry
I read his previous book. It was well written. Hopefully this is in the same style
Jan 28th, 2011 @ 6:18 pm
232. supersocco
Looks like I have a 1 in 122 chance of winning so far. Hey, that’s pretty good :)
Jan 28th, 2011 @ 6:58 pm
233. Vu Tran
What is your net worth when you retired? What do you think the minimum NW needed for retiring in Canada?
Jan 28th, 2011 @ 8:12 pm
234. Kelly
Big fan of Derek Foster!
Jan 28th, 2011 @ 11:59 pm
235. Nicola
Would love to read this book. Thanks!
Jan 29th, 2011 @ 12:10 am
236. Scotian
Derek Foster shows how the average individual can become wealthy by paying yourself first and using this to make your money work for you.
Jan 29th, 2011 @ 12:15 am
237. Sid.
Your books aren’t available here in Mexico, so I have to beg my visiting friends to bring me your latest. Can’t wait to read “The Idiot Millionaire”
Jan 29th, 2011 @ 3:43 am
238. Sandy
Cheers, your an inspiration.
Jan 29th, 2011 @ 10:23 am
239. jeff
I want to win the book!
Jan 29th, 2011 @ 11:18 am
240. NewInvest
Nice site for a very new small budget investor. Posting for first time. Would help to learn from a book like this. Thanks.
Jan 29th, 2011 @ 12:14 pm
241. Cal
I liked his book ‘The lazy Millionaire’ best!
Jan 29th, 2011 @ 1:24 pm
242. Steve
The book sounds great, I hope I win!
Jan 29th, 2011 @ 1:40 pm
243. Line B
Give it to me! ill probably never be able to retire without it! ;)
Jan 29th, 2011 @ 1:46 pm
244. Jon
Sure, I like free stuff.
Jan 29th, 2011 @ 2:32 pm
245. Bruno
I’m in for the draw!
Jan 29th, 2011 @ 3:36 pm
246. Dinu
Count me in for the free book please; I’m a big fan of MDJ.
Jan 29th, 2011 @ 5:08 pm
247. len
Would like to read your next book have read the others. Currently I am collecting just over $100 per month in dividends.
Thank you
Jan 29th, 2011 @ 5:40 pm
248. Sam
Would love to read this inspiring (Derek Foster) author’s book with an inspiring title.
Jan 29th, 2011 @ 7:10 pm
249. Thomas
Would love to know how Derek thinks by reading this book and also like free stuff..:-)
A man who thinks – strategises
Jan 29th, 2011 @ 7:22 pm
250. Igor Katkov
Looks like an interesting read!
Jan 29th, 2011 @ 8:42 pm
251. Pete Smith
Send me that book!
Jan 29th, 2011 @ 10:35 pm
252. Roman
Looks like an interesting book. Had a chance to look through it at a book store. Can’t wait to read it soon.
Jan 29th, 2011 @ 11:01 pm
253. Patricia
I’ve read lots about him but never anything by him, would love to read this.
Jan 30th, 2011 @ 9:57 am
254. Rob VH
I enjoyed Mr. Foster’s first book “Stop Working”. It was a light read, made some good points, laid out a simple and actionable plan, and provided inspiration from a young Canadian who achieved early financial independence.
“The Lazy Investor” was redundant, in my opinion. “Money For Nothing” is a good addition to his overall strategy and I’ll probably end up buying “The Idiot Millionaire” for a friend even if I win one here. The books are inexpensive and are easy to digest for people who, unlike myself, don’t read a lot of financial books or forums.
Feb 1st, 2011 @ 6:20 pm
255. js_cooldude
Yay, free book!
Sounds interesting.
Feb 7th, 2011 @ 11:23 pm
256. oxanacanada
This morning I heard Derek saying: “People brush their teeth every morning”. It actually gave me an idea about his “idiot proof stocks”. I was getting more and more interested about dividend paying stocks, but needed just basic knowledge from person who actually started from scratch and successfully built his fortune without high-paying job. Would be really nice to read this book.
Feb 24th, 2011 @ 12:51 pm
257. Maxine
interesting, yet simple. genius!
Feb 26th, 2011 @ 1:27 am
258. Chris
Good title…considering the author is a massive idiot himself. After Derek completely contradicted his entire investing philosophy in 2009, why would anyone listen to a single word that he has to say?
Apr 6th, 2011 @ 11:00 am
259. thedave2006
Confidence in yourself. You must have a plan and comfortability, veer too much away is not good. Ultimately, in and out before herd…..are you smarter than the buyer when selling and smarter than the seller when buying.
Apr 17th, 2011 @ 9:30 am
260. richard-farris.com
I agree. Derek’s first book is also my favorite. I’ll be picking up this book mostly to learn how he fared in the 2009 bottom and his decisions to sell. I think the biggest “controversy” around Foster is how he can claim to be retired while cranking out investment books which give him more income to invest. Regardless, I love reading his books.
Richard
Aug 4th, 2011 @ 7:53 pm
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