I have to say that it has, to my surprise, made me re-consider my "property bull" status! - and consider putting more of my $ into shares.
I'd be very careful with this type of investment.
His website says: "As a successful investor himself"
So where do I find the numbers & performance of his investments mainly those pertaining to equities?
And I have'nt read the book, but if it's another of those "buy anytime" I think it's a waste of time. It's a sucker strategy.
Unless you have enough income that loss making investments are not of concern of course.
There's been plenty people advocating the index fund $ cost approach as well, Noel Wittaker was doing it 20 yrs ago in some book & tapes course.
But from where I sit, making good returns from shares without timing the market is just about impossible over the long term.
At the end of the day, the MOST important message i can impart on people, is that investing in shares is very similar to investing in businesses.
In todays world there is too much removal of ownership of businesses (and that is all that a shareholder is)
I strongly disagree that share prices are correlated to business "ownership" data (P/L & balance sheets).
Buying XYZ shares may in theory give you ownership but the share price is very vaguely related to the actual business performance.
There's a lot more going on.\
the key to dollar cost averaging in an indexfund is to maintain it regardless of timing.
Someone might out there might want to do a statistical analysis of the Japanese market with dollar averaging.
From what I see the equities bear market n Japan has been 20 yrs.
40-20 yrs ago they were going to take over the world.
But looking at this chart, I can't see any great results coming from this strategy.
I'm glad that the statistics support the theory behind this approach.
Statistics can support or not support pretty much anything.