Fail-Safe Investing : Lifelong Financial Security in 30 Minutes

by Harry Browne

• ISBN13: 9780312247034
• ISBN10: 0312247036
• Format: Trade Book
• Copyright: 1999-09-30
• Publisher: St. Martin's Press

Summary

Do you worry that you're not paying enough attention to your investments? Do you feel left out when you hear about the clever things other investors seem to be doing? Relax. You don't have to become an investment genius to protect your savings. In just 30 minutes Harry Browne gives you the wisdom of 30 years' experience, showing you what you need to know to make your savings and investments safe and profitable, no matter what the economy and the investment markets do. There are no secret trading systems here, no jargon to learn. Instead, Harry Browne shows you how to apply your own common sense to protect and nurture what you've worked so hard to earn. In 30 minutes Harry Browne's 17 Rules of Financial Safety will give you an investment plan that is safe and simple. Here is some of what you'll learn: --Why you don't have to become an investment expert in order to be safe. (Rule #11) --How to know when the " solid investment" you're offered is really a rank speculation. (Rule #3) --Why the investment wizard who's going to make you rich will lose his touch as soon as you start taking his advice. (Rules #4 and #5) --Why you never should give control over your precious savings to anyone, and why you never need to. (Rule #8) --How to be sure your savings are safe and profitable no matter what comes--good times, inflation, recession, war, or even depression. (Rule #11) --Why it's easier to have a safe investment program than a risky one--and probably more profitable as well. (Rules #9 and #11) --How to reduce taxes on your investments without increasing your risks. (Rule #14) --What to do when you don't know what to do. (Rules #9 and #17) --How to relax and enjoy your life without worrying about your investments. (All of the Rules)

Author Biography

Harry Browne is one of America's best-known investment advisors, the author of eight investment books, a radio personality, and the 2000 Libertarian candidate for president. He lives in Tennessee.

Table of Contents

Prologue: Keep It Safe and Simple	1	(7)
Part I: The 17 Simple Rules of Financial Safety
Build Your Wealth upon Your Career	7	(5)
Don't Assume You Can Replace Your Wealth	12	(2)
Recognize the Difference between Investing and Speculating	14	(2)
Beware of Fortune-Tellers	16	(3)
Don't Expect Anyone to Make You Rich	19	(5)
Don't Expect a Trading System to Make You Rich	24	(6)
Invest Only on a Cash Basis	30	(3)
Make Your Own Decisions	33	(2)
Do Only What You Understand	35	(1)
Spread the Risk	36	(2)
Build a Bulletproof Portfolio for Protection	38	(12)
Speculate Only with Money You Can Afford to Lose	50	(3)
Keep Some Assets Outside Your Own Country	53	(3)
Take Advantage of Tax-Reduction Plans	56	(6)
Ask the Right Questions	62	(6)
Enjoy Yourself with a Budget for Pleasure	68	(1)
Whenever You're in Doubt, Err on the Side of Safety	69	(4)
Part II: More about the Rules
More about Your Career and Your Wealth	73	(5)
More about Protecting Your Wealth	78	(2)
More about Investing and Speculating	80	(2)
More about Fortune-Tellers and Forecasts	82	(7)
More about Relying on an Investment Expert	89	(4)
More about Trading Systems	93	(5)
More about Investing on a Cash Basis	98	(2)
More about Making Your Own Decisions	100	(4)
More about Understanding What You Do	104	(1)
More about Spreading the Risk	105	(2)
More about the Bulletproof Portfolio	107	(12)
More about Speculating	119	(6)
More about Keeping Some Assets Overseas	125	(4)
More about Tax-Reduction Plans	129	(6)
More about Asking the Right Questions	135	(5)
More about the Pleasure Budget	140	(1)
More about Erring on the Side of Safety	141	(3)
Epilogue: Getting On with Your Life	144	(24)
Appendices
A. Acknowledgments	153	(2)
B. Where to Get Help	155	(13)
C. The Author	168	(1)
Index