How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

Overview

Straightforward strategies from a successful young investor

In How a Second Grader Beats Wall Street, you'll follow the story of Kevin Roth, an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth, and discover exactly how simple it can be to become a successful investor. Page by page, you'll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial...

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How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

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Overview

Straightforward strategies from a successful young investor

In How a Second Grader Beats Wall Street, you'll follow the story of Kevin Roth, an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth, and discover exactly how simple it can be to become a successful investor. Page by page, you'll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial freedom by a decade and dramatically increase your spending rate during retirement. And all this can be accomplished by using some common sense techniques.

Along the way, Kevin and his dad discuss fresh, new approaches to investing, and detail some tried-and-true, but lesser known approaches. They also take the time to debunk the financial myths and legends that many of us accept as true, and show you what it really takes to build long-term wealth with less risk.

  • Discusses how to design a portfolio composed of a few basic building blocks that can be "tweaked" to fit your personal needs
  • Addresses how you can reengineer your portfolio in order to stop needlessly paying taxes
  • Reveals how you can increase returns, regardless of which direction the market goes, by picking the "low-hanging fruit" we all have in our portfolios

With just a little time and a little work, you can become a better investor. With this book as your guide, you'll discover how a simpler approach to today's markets can put you on the path to financial independence.

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Editorial Reviews

From the Publisher
"This book acts as an apt reminder that simple can be good" (CEO Middle East, April 2009)

"Kevin Roth, the author’s son, is eight years old. He’s probably got a better investment portfolio than you do. This book reveals his secrets. Our take: Explaining how a second grader can whip most adult investors is a fun way to demonstrate the benefits of a simple indexed portfolio."
MoneySense magazine

Library Journal

Financial adviser Roth uses the example of his second-grade son to hammer home the point that investing is simpler than the experts want us to believe. Roth explains that keeping investment costs low with wide diversification has historically beaten the vast majority of professional money managers. He makes specific recommendations on index fund investments and keeps his explanations clear and concise. Not to be overlooked are his many significant insights into market mechanics and psychology. Like Bill Schultheis's The New Coffeehouse Investor(reviewed below), Roth's book is heavy with metaphors, but don't let this distract you from the author's detailed insights. Recommended.


—Lawrence Maxted
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Product Details

  • ISBN-13: 9780470375945
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 3/9/2009
  • Edition number: 1
  • Pages: 262
  • Sales rank: 485,024
  • Product dimensions: 5.80 (w) x 8.60 (h) x 1.20 (d)

Meet the Author

Allan S. Roth
Allan S. Roth is the founder of Wealth Logic, LLC, a boutique financial planning and investment advisory firm that presently advises on $500 million in assets for 100 clients. Roth is an adjunct finance faculty member at Colorado College and teaches behavioral finance at the University of Denver's Graduate Tax Institute. He is an expert in portfolio construction and performance benchmarking.
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Table of Contents

Foreword.

Acknowledgments.

Introduction: The Seeds of Financial Success.

Chapter 1 The Claw Will Take Your Money: "10 – 2 = 8".

Chapter 2 Own the World: "Don't Put All of Your Eggs in One Basket".

Chapter 3 The Advantage of Having Wall Street Marketing Blinders (and Where Can I Get Some?): "I Don't Watch Cramer; I Like SpongeBob".

Chapter 4 Adults Behaving Badly: "Don't Act Silly When Something Is Important".

Chapter 5 Can You Beat a Second Grader's Portfolio?: "I'm Not Going to Win All Three Spins".

Chapter 6 Beyond the Second-Grader Portfolio: "If Dad Says There's a Better Way, I Might Try It, but I'm Not So Sure".

Chapter 7 Bonds—Your Portfolio's Shock Absorber: "Don't Lend Money to Someone Who Won’t Pay You Back".

Chapter 8 Better Than Bonds: "If the Teacher Promises You’ll Be Paid Back, Then It's Okay to Lend Randy Money".

Chapter 9 Simply Brilliant or Brilliantly Simple—Building Your Portfolio: "Don't Bet Your Lunch Money".

Chapter 10 Investors Who Love to Pay Taxes, and the IRS Who Loves Them: "Don't Pay Taxes If You Don't Have To".

Chapter 11 Nightmare off Wall Street—The Scary Tale of Trick-or-Treat Investing: "If the Game Is Too Hard to Understand, I'm Not Playing".

Chapter 12 Increase Your Return No Matter What the Market Does: "If You Pick the Low-Hanging Fruit, You Don't Have to Climb the Tree".

Chapter 13 Keep It Simple, Stupid (KISS): "Why Do Grownups Have to Make Things So Complicated?"

Kevin's Postscript.

Notes.

About the Author.

Index.

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