Michael Decter's Million Dollar Strategy: Building Your Own Retirement Fund in Just Thirty Minutes a Day

Description

189 pages
$24.95
ISBN 0-7737-3086-9
DDC 332.67'8'0971

Year

1998

Contributor

Reviewed by Monika Rohlmann

Monika Rohlmann is an environmental consultant in Yellowknife, Northwest
Territories.

Review

Michael Decter is not a financial adviser. He is a highly respected
health consultant who, since his teenage years, has made financial
investing a part of his daily life. He began with a nest egg of $50,000
and in a period of 10 years amassed a retirement fund that’s worth
well over a million dollars.

Each chapter chronicles a major stage in the author’s life. In his
youth, Winnipeg was home and he found places to invest at school and
work. He developed and tested basic investment principles in those early
years. Chapters 2 to 5 follow Decter to new jobs in Montreal and then
Toronto. Each move brings him in touch with new companies and products,
and his first rule of investment—“the best investments are under
your nose”—continues to pay off. He outlines with each major
investment why he chose a particular stock, how it was selected, and the
nature of the risks he took. Chapter 6 reviews his current portfolio,
while Chapter 7 summarizes his eight rules for investing.

Do your homework, set objectives, monitor your investments, and trust
yourself—these are the fundamental principles conveyed in a book that
will instruct and entertain, and ultimately inspire, the self-taught
investor.

Citation

Decter, Michael B., “Michael Decter's Million Dollar Strategy: Building Your Own Retirement Fund in Just Thirty Minutes a Day,” Canadian Book Review Annual Online, accessed June 14, 2024, https://cbra.library.utoronto.ca/items/show/152.