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

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

by Allan S. Roth
 

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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

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.

Editorial Reviews

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
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

Product Details

ISBN-13:
9780470919033
Publisher:
Wiley
Publication date:
01/25/2011
Pages:
288
Sales rank:
210,554
Product dimensions:
5.10(w) x 8.10(h) x 0.70(d)

What People are Saying About This

From the Publisher
‘…one financial insider’s efforts to create another financial insider from scratch. This book has charm and intelligence in spades.’(Accounting Technician, January 2011).

“If you’d like to learn more about what makes good (and simple) investing, Roth’s 2009 book, How a Second-Grader Beats Wall Street, is a good start and a must for any index investor’s library.”
Scott Burns, AssetBuilder

Meet the Author

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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