The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Lifeby Alexander Green
Many of us have been conditioned to believe that investing is too difficult and time-consuming to attempt on our own. With so many products to choose from and so many risks involved, a financial "professional" is the only person qualified to handle the money you'll retire on some day, right? The truth is, no one cares more about your money than you do. And with a
Many of us have been conditioned to believe that investing is too difficult and time-consuming to attempt on our own. With so many products to choose from and so many risks involved, a financial "professional" is the only person qualified to handle the money you'll retire on some day, right? The truth is, no one cares more about your money than you do. And with a basic understanding of the investment process and the time-tested strategy offered here, you can successfully manage your own portfolio in less than twenty minutes a year.
In The Gone Fishin' Portfolio, author Alexander Green details an effective yet simple approach to investing that embraces the uncertainty of financial markets, and reveals how you can generate exceptional results during both good times and bad. Page by page, you'll discover how the "Gone Fishin' Portfolio" will allow you to earn superior returns, reduce risk, minimize taxes, and eliminate Wall Street's mountain of fees.
Divided into three comprehensive parts-Get Wise, Get Wealthy, and Get on with Your Life-this reliable resource:
- Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works
- Unveils the "Gone Fishin' Portfolio," addresses why it's arguably the safest and simplest way to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead
- Examines what it means to take your financial destiny into your hands and, at the same time, reclaim your most precious resource-your time
The "Gone Fishin' Portfolio" is based on an investment strategy that won a Nobel Prize in economics. Yet setting it up is a snap and maintaining it is even easier. You'll need less than twenty minutes a year.
The philosophy behind the "Gone Fishin' Portfolio" is based on the best investment thinking available. Investors who have put their money to work this way have enjoyed years of market-beating returns while taking far less risk than being fully invested in stocks. The "Gone Fishin' Portfolio" will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve.
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Meet the Author
ALEXANDER GREEN is the Investment Director of The Oxford Club, Chairman of Investment U, and the Editor of Spiritual Wealth. He has been featured on Oprah & Friends, CNBC, Fox News, and The O'Reilly Factor, and has been profiled in the Wall Street Journal, BusinessWeek, Forbes, Kiplinger's Personal Finance, and many other publications. He is the author of the bestselling title The Secret of Shelter Island (Wiley).
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getAbstract recommends this excellent, straightforward, hype-free and solidly grounded guide to investing. Research analyst and investment advisor Alexander Green draws on portfolio management methods used by the world's biggest institutional investors. He goes straight to the basics, emphasizing financial discipline, saving and awareness of costs. The portfolio he recommends consists entirely of low-cost Vanguard mutual funds, mostly index funds. He recommends keeping 70% of your portfolio in stocks. That recommendation may seem risky, especially in view of volatile stock market performance. However, he cites historical and financial research to demonstrate that, over time, equities have been the highest returning class of investments, even during such catastrophes as the Great Depression. This kind of straight talk is an excellent prophylactic against both the panic of crashes and the euphoria of bubbles.
This book provided a very good comparison of ETF and index investing for individual investors wishing to use an asset allocation method. It also provided an asset allocation model that includes some assets not typically seen in a traditional asset allocation model, such as gold and REIT's. Gold and REIT's have not been negatively correlated with stocks over the past year, therefore, the reason for including them in the model did not hold true recently, but should do well during many stock market downturns. Some degree of market timing would have also been useful, but I have the benefit of 2008 hindsight that Mr. Green did not have while writing the book. Overall, I would highly recommend this book for an individual investor, and I think the model would perform quite well during most investment periods.
What about subcribers who are non US residents but can be partner to or can buy some share like us in the Oceania'South Pacific'