I finally managed to borrow the book, Stop Working: Here’s How You Can!, from our local public library. It is self-published by Derek Foster, who retired at the ripe old age of 34 and promises to teach how anyone can do it.
The book reveals that Derek was able to retire early by saving regularly and diligently, and investing the proceeds in the stock market. Most of the book deals with his investment style, which he calls “Show me the money!” investing.
The author’s preferred investment vehicles are Canadian financials (banks, insurance, mutual funds), blue-chip American multi-national corporations, REITs and income trusts (power, pipeline and energy). I think the author’s strategy of investing in companies with a long history of dividend increases and his view of stocks as an investment in future cash flows are the secrets to his success.
There are no new “secrets to success” in the book (which is a good thing). I would definitely recommend the book to anyone who is just starting to invest in the market.