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The new Stein/Demuth tomb is almost a can't put it down page turner. It's funny and chock full of what I think is the best advice regarding investments: buy everything, own it forever, and own it at the lowest possible cost. This is John Bogle's tried and true approach This book tells you how to do that and what your risks are. Risk is the other side of the equation that is not often addressed by the financial industry. Everyone pays attention to the reward aspect but it's the risk that will bugger ya. To develop their buy and hold portfolio they use some of the best forward looking risk analysis software available which is why I call this Bogle meets Quant. They also suggest some of the lowest cost of ownership ETFs' to get widely diversified and how to keep the portfolio in balance once you start making money.
The book also addresses how to take money out of your nest egg once you have amassed your fortune with an eye on not going broke when you are old and sick... read more
We sure have been through a financial storm haven't we? The financial good times had gone on for so long that most people had never experienced a very serious economic downturn (no matter the political hyperbole about "worst economic environment since the Great Depression"). The problem is that when we are in the middle of a severe crisis we cannot be sure about has just happened and what course of action will lead to our survival. Just like the newly hatched sea turtles trying to get to the sea, it pays to be focused and fast and get to the waster as quickly as you can. But for some turtles, no matter what they do, the birds swoop down and make them into lunch.
Ben Stein and Phil DeMuth have written a humorous and wise handbook to help you understand what has just happened to you, what your realistic options are, and how to move forward and make progress from where you find yourself now. No crying over the milk on the floor and no time wasted with recrimination... read more
This book is powerful and succint discussion of what matters in financial planning and how to deal with the key issues. The vast majority of people would benefit from reading this book and even those who know whats in it will be glad to have a book that they can give to their friends and children to explain the key issues of planning. Ben and Phil succeed where many fail: they present sensible and solid information and make it entertaining rather than dry. This book is not just a rehash of stuff from other books--there is likely to be information in here that you have not seen even if you have read John Bogle's many good books and articles.
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| AVAILABILITY | |||
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