9781455503308

The Investment Answer

by ;
  • ISBN13:

    9781455503308

  • ISBN10:

    1455503304

  • Format: Hardcover
  • Copyright: 1/25/2011
  • Publisher: Grand Central Publishing

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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
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Summary

What if there were a way to cut through all the financial mumbo-jumbo? Wouldn't it be great if someone could really explain to us-in plain and simple English-the basics we must know about investing in order to insure our financial freedom? At last, here's good news. Jargon-free and written for all investors-experienced, beginner, and everyone in between-THE INVESTMENT ANSWER distills the process into just five decisions-five straightforward choices that can lead to safe and sound ways to manage your money. When Wall Street veteran Gordon Murray told his good friend and financial advisor, Dan Goldie, that he had only six months to live, Dan responded, "Do you want to write that book you've always wanted to do?" The result is this eminently valuable primer which can be read and understood in one sitting, and has advice that benefits you, not Wall Street and the rest of the traditional financial services industry. THE INVESTMENT ANSWER asks readers to make five basic but key decisions to stack the investment odds in their favor. The advice is simple, easy-to-follow, and effective, and can lead to a more profitable portfolio for every investor. Specifically: * Should I invest on my own or seek help from an investment professional? * How should I allocate my investments among stocks, bonds, and cash? * Which specific asset classes within these broad categories should I include in my portfolio? * Should I take an actively managed approach to investing, or follow a passive alternative? * When should I sell assets and when should I buy more? In a world of fast-talking traders who believe that they can game the system and a market characterized by instability, this extraordinary and timely book offers guidance every investor should have.

Table of Contents

Why We Wrote this Bookp. 1
Introductionp. 5
The Decisions
The Do-It-Yourself Decisionp. 11
Do-It-Yourselfp. 11
Retail Brokersp. 16
Independent, Fee-Only Advisorsp. 18
How to Select an Independent, Fee-Only Advisorp. 20
The Asset Allocation Decisionp. 23
The Impact of Volatility on Returnsp. 23
Risk and Return are Relatedp. 27
The Asset Allocation Decisionp. 31
The Diversification Decisionp. 35
The Active versus Passive Decisionp. 41
Active Investingp. 41
Passive Investingp. 45
The Rebalancing Decisionp. 51
Conclusions
Compared to What?p. 57
What About Alternatives?p. 59
Hedge Fundsp. 60
Private Equity (Including Venture Capital)p. 62
Commodities (Gold, Oil & Gas, Etc.)p. 63
Everyone Can Succeedp. 65
A Personal Note from the Authorsp. 67
About the Authorsp. 71
Appendixp. 75
Sources and Descriptions of Datap. 79
Indexp. 87
Table of Contents provided by Ingram. All Rights Reserved.

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Customer Reviews

All you need to know for a successful investment experience August 17, 2011
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This textbook tells in a very simple way all you need to know to be successful in investing. This textbook offers absolutely comprehensive insight into long-term investing while selling nothing except a deep perspective. A wonderfully concise read, it allows you to absorb the information you need to form your own strategy and budget. Buy it and I promise you will not regret it.
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The Investment Answer: 5 out of 5 stars based on 1 user reviews.

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