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ePub The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the Pros and Take Control of Your Financial Future download

by Daniel R. Solin

ePub The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the Pros and Take Control of Your Financial Future download
Author:
Daniel R. Solin
ISBN13:
978-0399535994
ISBN:
0399535993
Language:
Publisher:
TarcherPerigee (December 23, 2009)
Category:
Subcategory:
Finance
ePub file:
1209 kb
Fb2 file:
1525 kb
Other formats:
rtf mobi lit mbr
Rating:
4.9
Votes:
744

Take control of your financial future now! . If you want to be a Smart Investor, follow this effortless and effective plan.

Take control of your financial future now! . The Smartest Investment Book You'll Ever Read will provide the enlightenment and gumption to free yourself from the clutches of the investment industry and the wisdom and direction necessary to get yourself back on track. William Bernstein, author of A Splendid Exchange and The Four Pillars of Investing. Every day you wait costs you money. Take control of your financial future now!

Take control of your financial future now! . Dan Solin, an Investment Advisor Representative and nationally known advocate for investors, is the author of The Smartest Retirement Book You’ll Ever Read, Does Your Broker Owe You Money?, and the New York Times bestsellers The Smartest Investment Book You’ll Ever Readand The Smartest 401(k) Book You’ll Ever Read. His award-winning books have been widely praised by The New York Times, The Wall Street Journal, The Library Journal, and many financial writers, leading economists, and others. Solin is a financial columnist for AOL.

Автор: Solin Daniel R. Название: Smartest Retirement Book You& Ever Read ISBN: 0399536345 ISBN-13 . Steer clear of scams that rob you of your hard-earned savings. Ensure that your money lasts longer than you do.

Описание: This book will change the way you retire-no matter what the state of the economy. B Follow the advice in "The Smartest Retirement Book You'll Ever Read" and you will: Find simple strategies to maximize your retirement nest egg. Steer clear of scams that rob you of your hard-earned savings

Автор: Solin Daniel R. Название: The Smartest Money Book You& Ever Read: Everything You Need to Know about Growing, Spending, and Enjoying Your Money ISBN: 0399537783 ISBN-13(EAN).

Описание: Stop working for your money and put your money to work for you Tens of thousands of readers trust Dan Solin s advice when it comes to investing, managing their portfolios and their 401(k)s, and planning for retirement.

Goodreads helps you keep track of books you want to read. Start by marking The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future as Want to Read: Want to Read savin. ant to Read. This book will change the way you think about investing-and the results will prove it! "This is the simple hands-on, how-to and why book many readers have been looking fo. -Scott Burns, syndicated columnist.

Solin's easy-to-follow plan allows investors to create and monitor their portfolios in 90 minutes or less per . If you want to be a Smart Investor, follow this effortless and effective plan

Solin's easy-to-follow plan allows investors to create and monitor their portfolios in 90 minutes or less per year, explaining how to asses risk and how to allocate assets to maximize returns and minimize volatility.

Электронная книга "The Smartest Investment Book You'll Ever Read .

Электронная книга "The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future", Daniel R. Solin.

Derek Sivers: An itty-bitty quick-read no-fluff book with the wisest succinct advice to investors: You can't predict the future, and neither can anyone else. The Smartest Investment Book You'll Ever Read - by Daniel R. Determine your asset allocation, stick with cheap broad indexes, and rebalance occasionally. ISBN: 0399532838 Date read: 2008-05-14 How strongly I recommend it: 9/10 (See my list of 200+ books, for more. An itty-bitty quick-read no-fluff book with the wisest succinct advice to investors: You can't predict the future, and neither can anyone else.

Dan Solin, an Investment Advisor Representative and nationally known advocate for investors, is the author of The Smartest Retirement Book You'll Ever Read, Does Your Broker Owe You Money?, and the New York Times bestsellers The Smartest Investment Book You'll Ever.

Dan Solin, an Investment Advisor Representative and nationally known advocate for investors, is the author of The Smartest Retirement Book You'll Ever Read, Does Your Broker Owe You Money?, and the New York Times bestsellers The Smartest Investment Book You'll Ever Readand The Smartest 401(k) Book You'll Ever Read.

This book will change the way you think about investing-and the results will prove it! "This is the simple hands-on, how-to and why book many readers have been looking fo. -Scott Burns, syndicated columnist Daniel Solin cuts through the financial hype to show you exactly how t. . -Scott Burns, syndicated columnist Daniel Solin cuts through the financial hype to show you exactly how to invest-with an easy-to-follow four-step plan that lets you create and monitor your investment portfolio in ninety minutes or less. and put your investment earnings in the top 5 percent of all professionally managed money. If you want to gamble, go to Las Vegas-or try stock picking and market timing.

What Are You Waiting For? This book will change the way you think about investing-and the results will prove it! "This is the simple hands-on, how-to and why book many readers have been looking for." -Scott Burns, syndicated columnist Daniel Solin cuts through the financial hype to show you exactly how to invest-with an easy-to-follow four-step plan that lets you create and monitor your investment portfolio in ninety minutes or less...and put your investment earnings in the top 5 percent of all professionally managed money. If you want to gamble, go to Las Vegas-or try stock picking and market timing. If you want to be a Smart Investor, follow this effortless and effective plan. "The Smartest Investment Book You'll Ever Read will provide the enlightenment and gumption to free yourself from the clutches of the investment industry and the wisdom and direction necessary to get yourself back on track." -William Bernstein, author of A Splendid Exchange and The Four Pillars of Investing Every day you wait costs you money. Take control of your financial future now!
  • It's not really the smarted investment book you will ever read, because if you have read any other investment books they all say similar things. e.g. brokers are paid on commission and want your money. Active mutual funds are a waste of money, etc...

    It then recommends investing thus guaranteeing that you will get market returns.

    This completely ignores two issues.
    A. People can consistently beat the index if they are willing to work for it. In a very accessible way such as "The little book that beats the market" or in a very professional way such as "Market Wizards".
    B. Just because you are getting the market return, doesn't mean that this will be a good return. First he tells us to ignore mutual fund past performance as it does not guarantee future returns(good), but then tells us that the stock market had good returns over the last 100 years. The fact is you are still buying something, and your return is still predicated by how much you paid for it(and how much you sell it for, the yield and taxes). His main argument is that there are many people doing indexing and many smart people doing indexing.
    This is not convincing as you see exceptions in the market all the time. e.g.
    “We’ve never had a decline in house prices on a nationwide basis.” -Ben Bernanke, July 2005
    Furthermore those same smart people have similar incentives to invest and get a good return as active fund managers.
    C. He talks about the standard deviation of a portfolio, but never defines it. I had to look it up what it is elsewhere(evidently he thinks that the smartest book doesn't have to define this or explain it in any matter, just accept it as a source of smartness). It is a measure of volatility. However, in this book a leap is made where volatility = risk. This isn't an uncommon practice(though Charlie Munger among others disagrees), but again, you have to make a leap of faith and trust the smartness of this book.

    This book is good if you need a reminder or more convincing that active mutual funds tend to generate poor results, and that everyone on Wall Street is trying to take your money. However, with a title like the smartest investment book you will ever read, I would expect a more thorough, rational and complete analysis, but what you get instead is repetition and little of anything new.

  • One line book summary: Use this simple method to manage your retirement investments; long-term, you will make more than a PFA can make on your behalf.

    So like me you are an average kind of bear. Retirement investing is too confusing, risky and worrying for bears of little brain? You'd rather pay fees and have someone else do the brain work. That was my take. That's why I enjoyed this book and was influenced by it.

    If you are tempted to use a personal financial adviser or investment manager (PFA) of some sort to manage your retirement investments, or if you are considering doing so, you should certainly read this book. The book can be summarized as: 33 very short chapters explaining how using a PFA, especially a hyper-active adviser, limits your gains; 8 short chapters explaining what you should do instead. I skipped to chapter 34 and read the "Four step process", a recipe which is so simple I laughed. Then I did some really dumb math using historical data. Then I was really motivated to read why Solin's simple process was so much better, and so I read the first 33 chapters.

    The author does a very competent and professional job of explaining why investment managers in general have not, cannot, and will not outperform the market - unless they work for free or pay you! It's all backed up with references from refereed articles, and/or very credible sources, often surprising sources. It's not necessary to read all 33 chapters, but it's fascinating, especially in these times of sordid financial dealings. His conclusion seems to be: get real, and be happy with getting average market returns over the long haul - you are very probably not going to beat the market any other way, and very likely do worse.

    The (4-step) recipe really is simple. If you can subtract your age from 100, then the hard math is done. Then Solin tells you EXACLY which no-load, index funds to buy depending on which brokerage you want to use, and in what proportions to mimic "the market". Apart from re-balancing the investment proportions each year ... that's it.

    The book is powerful, but you probably don't need to read all 33 chapters to get the message about PFAs.

  • At the outset, let me document that I've been involved in personal investing of all sorts for over 30 years. I've weathered several stock market "crashes" and have run the gamut from investing in individual stocks (a strategy that did well in the 70s-80s, and paid for my kids' college educations) to mutual funds to...well, you name it. Several years ago, even before I read Solin's book, I switched my investment strategy to an Index Fund-based plan. I did this because I was alarmed at the way I kept losing significant portions of my hard earned savings to unpredictable stock market ups and downs, didn't like the poor interest rates on CDs and bank savings, and don't have time or the motivation to keep up with individual companies' earnings. Also, I had come to a place in my life at which taking the risk of weathering yet another stock market crash was no longer tolerable. With Index Funds, I discovered that I was no longer at the mercy of any one mutual fund change, which was (to say the least) a relief.

    Recently, on the advice of a friend who was "converted" by Solin's advice in this book, I bought and read it. Solin presented the theoretical knowledge that supported my experience, and validated my decision to invest differently. Additionally, this book is full of data that gives the individual investor confidence to make one's own decisions rather than rely on the sales pitch of many a broker or investment/financial advisor. Armed with the knowledge gained by reading this book, we are freed to be our own best investment strategists. Everyone who is saving for retirement would do him/herself a well-deserved reward by reading this slim book. Well worth the modest price!