As I’ve mentioned approximately 6,395 times before (author’s estimate, but I’m pretty sure it’s right), you need to read a ton if you’re going to be a successful investor.
Personally, I read at least a couple hours a day, and maybe even more. I have a book that I’m working on (currently The Snowball, Warren Buffett’s biography, for the third time), I read Seeking Alpha and of course Motley Fool almost every day, and I cruise the interwebs for all sorts of interesting stuff. I also stumble upon interesting stuff on Reddit, along with a lot of crap. Finally, I spend $20 a month on a Globe and Mail Unlimited membership, which I think is worth my time. Plus I like that I can write it off.
I recently ordered another information source, one that potentially has a lot more content than some of the others, that only costs $15 per month. It’s Texture by Next Issue (Subscribe to Texture by Next Issue now!), the Rogers owned “Netflix for magazines,” which give you access to over 130 different magazines. This is my Texture by Next Issue review.
What do you get?
There are two different price levels. For $10 a month, you get access to a bunch of monthly magazines. Prominent titles include:
- Money Sense
- Canadian Business
- Cosmo (and Cosmo for Latinas, which is apparently a thing)
- Family Circle
- Golf Digest
- Rolling Stone
And so on. The list is pretty massive, and includes quite a few business magazines. What it doesn’t include is one of the bigger ones, Forbes.
But for an extra $5 a month, you get access to 11 weekly magazines. They include:
- The New Yorker
- Sports Illustrated
- Bloomberg Businessweek
That’s a nice list as well, but keep in mind that my favorite magazine isn’t included, The Economist.
How do you use it?
The best way to use it is on your iPad or Android Tablet, using the free to download app. You can also view it on your smartphone or Windows 8 laptop (no MacBooks, suckers). I found the experience on my iPhone to be lacking. The screen just isn’t big enough.
On my iPad, Texture by Next Issue looks terrific. The pictures look amazing, and many of the magazines have digital editions that are very intuitive. They have extra content exclusive for the digital editions, extra pictures, all that jazz. Some of the magazines (Rolling Stone is one) are just the magazine’s page on the iPad, except with the ability to zoom in. It’s a little disappointing when you run into one of those, but most are optimized to look like at least a thousand bucks.
Is it valuable?
That’s pretty much why you’re reading this Texture by Next Issue review, aren’t you? You want to know whether it’s worth your time.
When I first got Texture by Next Issue, it was because I was looking for something to read that would give me ideas for my freelance writing. For the most part blogs are great, but they tend to recycle the same old boring ideas. Yes, I’m aware credit card hacking is a thing, and so are you. No, I can’t be bothered.
Kind of like this blog, actually, with jokes.
From that perspective, the investment has been a resounding success. I get at least 3-4 ideas a month from reading it, easily worth my $15. I’m also much more aware of what’s going on in the world. Additionally, I find I read more for enjoyment too, spending time reading the sports, tech, and music magazines.
Vanessa has also “borrowed” my subscription, using it to keep up with what the UK royals are doing. Spoiler alert: not much.
Depending on the magazine, up to a year’s worth of back issues are available. For the weekly mags, that’s a lot of reading. Kinda like when you first join Netflix, you’ll probably binge when you first sign up.
Texture by Next Issue also is capable of downloading stuff and holding it on your iPad’s memory, meaning you can download a bunch of magazines and read them without having an internet connection.
So is it worth it?
Next Issue is worth it from two different perspectives.
If you like to read, there’s enough material there to keep you busy for the entire month, easily. Sure, there are ways to download magazines to your tablet from your library, but I couldn’t get that to work consistently. If you have a long commute on the subway or just eat lunch by yourself a lot, you’ll get enough use to make Next Issue worth your time.
Or if you’re like me, you’re constantly looking for the next investment idea. This is where I think the product really shines. The 6-8 money related magazines will give you a constant source of ideas, and the news magazines will give you a decent overall picture of what’s going on in the world. I think $15 a month is worth it to get exposure to all these ideas.
From time to time, Next Issue gives out a bonus to new readers, usually in the form of a 30-day free trial. Right now they’re offering a 60-day free trial. All you need to do is click the link below, and use BONUS30 as the promo code when you go to check out. It’s that simple.
Thanks for reading the Next Issue review. Have an experience with the service? Share it in the comments.