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

Overview

Investing is simple, but never easy. We carry a lot of investmentbaggage, including hot tips from friends and thefinancial media, aswell as complicated financial recommendations from Wall Street"experts." Yet the biggest obstacle we face is the tendency tooutsmart ourselves.

In order to overcome this obstacle, you need to followstraightforward strategies that will consistently pushyourportfolio ahead of the pack by an additional 3 to 4percentannually. These are strategies that ...

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

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Overview

Investing is simple, but never easy. We carry a lot of investmentbaggage, including hot tips from friends and thefinancial media, aswell as complicated financial recommendations from Wall Street"experts." Yet the biggest obstacle we face is the tendency tooutsmart ourselves.

In order to overcome this obstacle, you need to followstraightforward strategies that will consistently pushyourportfolio ahead of the pack by an additional 3 to 4percentannually. These are strategies that work in upmarkets andespecially in times of market crisis and panic. Most importantly,these strategies are basic enough for even a kid to understand.

In How a Second Grader Beats Wall Street, you'll follow thestory of Kevin Roth—an eight-year-old who was schooled insimple approaches to sound investing byhis father, seasonedfinancial planner Allan Roth—and discover exactly how simpleit can be to become a successful investor. Page by page, you'lllearn how to create a portfolio with the widest diversification andlowest costs; one that can move up your financial freedom by adecade and dramatically increase your spending rate duringretirement. And all this can be accomplished by using somecommonsense techniques.

Along the way, Kevin and his dad discuss fresh, new approachesto investing, and detail some tried-and-true but lesser-knownapproaches. They also take the time to debunk the financial mythsand legends that many of us accept as true and show you what itreally takes to build long-term wealth with less risk. You'll alsolearn how not to confuse the unlikely with the impossible.

Whether you're young or young-at-heart, the straight-talkingadvice found here will help you:

  • Design a portfolio composed of a few basic building blocks thatcan be "tweaked" to fit your personal needs
  • Go beyond indexing, which owns the entire market, and actuallybeat the market
  • Reengineer your portfolio to stop needlessly paying taxes
  • Increase your return, regardless of which direction the marketgoes, by picking the "low-hanging fruit" we all have in ourportfolios
  • And so much more

Engaging and insightful, How a Second Grader Beats Wall Streettakes you through Kevin Roth's real-life story, while driving homekey strategies and tools you can implement in your own portfolio.With just a little time and a little work, you can become abetterinvestor. With this book as your guide, you'll discover how asimpler approach to today's markets can put you on the path tofinancial independence.

For more information, visit www.SecondGraderPortfolio.com.

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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
  • Publication date: 3/9/2009
  • Edition number: 1
  • Pages: 288
  • Sales rank: 415,261
  • 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 OneBasket".

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

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

Chapter 5 Can You Beat a Second Grader's Portfolio?: "I'm NotGoing to Win All Three Spins".

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

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

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

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

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

Chapter 11 Nightmare off Wall Street—The Scary Taleof Trick-or-Treat Investing: "If the Game Is Too Hard toUnderstand, 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 theTree".

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

Kevin's Postscript.

Notes.

About the Author.

Index.

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