Key Facts
• In 2023, the new NISA system was introduced in Japan.
• The book JUST KEEP BUYING by Nick Maggiulli has sold over 400,000 copies globally.
• The book highlights 21 golden rules for saving and investing, backed by over 100 years of data.
• Author Nick Maggiulli argues that increasing income is more effective than cutting expenses.
• Only 4% of individual stocks have outperformed U.S. Treasury bills since 1926.
• 75% of actively managed funds underperform market indices over five years.
• The book critiques individual stock investing for its financial and existential challenges.
• Index investing is presented as a simpler, more rational alternative to individual stock picking.
• The book is endorsed by Morgan Housel, author of The Psychology of Money.
• Published in June 2023, the book has been praised for its data-driven insights and practical advice.
Summary
Nick Maggiulli’s JUST KEEP BUYING offers a data-driven approach to building wealth, emphasizing income growth over expense reduction. The book critiques individual stock investing, citing its financial risks and existential challenges, and advocates for index investing as a simpler, more effective strategy. Backed by over a century of reliable data, the book presents 21 actionable rules for saving and investing. It has sold over 400,000 copies globally and received high praise from financial experts, including Morgan Housel. Published in 2023, it is regarded as a must-read for those seeking to improve their financial literacy and achieve long-term wealth.
