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Book Review: The Smartest Investment Book You’ll Ever Read
By Daniel | June 16, 2008
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The Smartest Investment Book You’ll Ever Read by Daniel Solin describes how to be a smart investor and steer clear of propaganda, media, and professionals that do not have your best interests in mind. Daniel Solin is a leading securities arbitration lawyer and a Senior Vice President of Index Funds Advisors. He is also the author of Does Your Broker Owe You Money? In this book he shares how using index funds and asset allocation will outperform the majority of professionally managed funds. He lays down a 4-step plan to follow and how to avoid the biggest mistakes that investors make. I found this book provides a great foundation for investing and provides a lot of information about brokers and advisors and why you can successfully invest without them. He does however, encourage the use of investment advisors for people with large portfolios(over 1 million) and how advisors can provide extra fine tuning to a portfolio. The book is easy to read and the chapters are kept short. You can find Daniel Solin’s website here. |
The 4 parts covered in this book are:
- Become a smart investor: change your investment life forever
- Your broker or advisor is keeping you from being a smart investor
- Smart investors know better
- The real way smart investors beat 95 percent of the “pros”
The 4 step process:
- Determine your asset allocation
- Open an account with a fund family
- Select your investments
- Re-balance your portfolio
Stocks, bonds, and cash. Allocation accounts for 90% or more of the expected return.
Vanguard Group, Fidelity, or T. Rowe Price.
Invest in the entire market, domestic and international, with index funds.
Performed twice a year to keep your asset allocation where you want it.
ISBN: 0399532838 | 192 pages | The Smartest Investment Book You’ll Ever Read @ Amazon
Topics: Books, Investing, Reviews |