Time to make it official: I will be putting my ebook Potato’s Short Guide to DIY Investing to rest in November.
What does sunsetting mean? It means that the ebook will be going out of “print”, taken down from my website as well as the Amazon and Kobo stores, but not immediately. I plan to pull the plug near the end of November, 2014.
Why are you retiring the book? Though the book is still useful and not wrong, things have changed at TD and in the marketplace, in particular the introduction of commission-free ETF trading at several online brokerages. However, the main reason is that I have a new, more comprehensive book coming out. Unfortunately I can’t share too many details about the new book yet as it is still being reviewed by the potential publisher. By the end of November I should have more details to share on the publishing path and timelines.
What can you say about the new book? It’s longer and more comprehensive — nearly triple the length of the original. I’ve tightened up the writing and added many more helpful figures, and it addressed years of reader feedback and suggestions. It includes detailed how-tos for three investment options that represent ideal trade-offs in terms of cost and complexity: Tangerine’s index funds, TD’s e-series funds, and ETFs (with a worked example using Questrade’s commission-free purchases). It has a much stronger focus on planning and process, to help you set up and stick to an investing plan.
What does this mean for right now? Unfortunately until I hear back from the potential publisher I can’t promise anything in terms of release date or special offers. I want to offer anyone who buys the current ebook now a discount on the upcoming book to make the choice simple, however I can’t promise that as it my not be under my control. It’s up to you whether you want to wait months (or possibly over a year) for a newer, more comprehensive book, or to buy the decent short ebook that you can download right now. I don’t want to prejudice you against Amazon or Kobo, but if I do end up with enough control to offer discounts on the future book, I will only be able to do so for people who buy through my online storefront (ePub/PDF versions — sorry Kindle owners).
Quick question/straw poll for the bloggers and journalists: what format would you like review copies to be in?
1) ARC electronic (placeholder art)
2) Final electronic
3) “Report style” hardcopy ARC (letter paper form factor)
4) Final hardcopy (trade paperback form factor)
I had a meeting with the artist and my new cover art isn’t going to be ready until November, and that’s also when I’ll hear back from the publishers on whether they will take it on or if I’ll be self-publishing. I’d like to give people as much time as possible to read at their leisure (and also to collect blurbs if you like it!), but I know that an ARC with placeholder art can look a little amateurish, and more importantly can’t really be passed along to your own friends and readers through a giveaway (though I can follow with final hardcopies later for that).
I’m interested to hear what the consensus is before I start firing off review requests, and will also note that I can start sending ARCs this weekend for those interested in that format.