[hp50g]

There are two issues with e-readers which need to be considered. One is obvious, the other is not.

1. e-readers like the Kobo, Kindle, Nook etc (ones tied to a store) phone home and report reading progress and are DRM encumbered. The Kobo even gamifies reading which is just insane if you ask me.

2. The second issue applies to all e-readers and that is that they promote distribution of epub files. The source of epub files is usually illegitimate (as everyone pushes stuff through stores) and the hosts are about as dodgy as can be as well.

Books can also change hands easily.

If you're going to get an e-reader, your approach is the best.