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Nabaza.net-The MarketPlace - The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life (Agora Series)
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List Price: $27.95
Our Price: $17.44
Your Save: $ 10.51 ( 38% )
Availability: Usually ships in 24 hours
Manufacturer: Wiley
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Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 332.6
EAN: 9780470112670
ISBN: 0470112670
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 256
Publication Date: 2008-09-09
Publisher: Wiley
Studio: Wiley
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Editorial Reviews:
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Outperform the vast majority of investment professionals while paying nothing in sales charges, brokerage fees, or commissions by modifying your investment strategy. Learn how to make your investment dreams come true with the advice in The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life, a guide that’s based on a Nobel Prize-winning investment strategy yet takes just 20 minutes to implement. Gain an understanding of the fundamental relationship between risk and reward in the financial markets and get an insider's view of how the investment industry really works.
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Spotlight customer reviews:
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Customer Rating: 
Summary: Best comparison I've seen for ETF vs Indexing
Comment: This book did a great job of providing a simple asset allocation model that could be used by almost anyone who wishes to manage their own investments with little expense. The book also successfully incorporated the ultimate life principle of time value into the equation, thereby designing an investment strategy that would require very little time, allowing more time for enjoying life. Furthermore, it did the best job I have seen in comparing index fund vs ETF investing.
There were 2 areas I would like to have seen addressed with the hindsight of the past year, which was not available to Mr. Green when he wrote the book. There were several investments included in the asset allocation model that typically are not included. Such a departure is certainly welcome. Gold and REIT's were included in the asset allocation model as assets that are noncorrelated with the stock market. As we have seen, there are times when real estate and gold are correlated with the stock market, as all 3 have been down over the past year. In most markets, however, these assets should provide some degree of hedging against the stock market.
Second, I don't think that timing can be completely disregarded for any investment. An initial investment using this asset allocation model now vs. a year ago would produce an enormous difference in results that would take many years to iron out. Incorporating some simple historical measurement tools into the equation could improve results without adding a lot more work for the investor. The author stresses that rebalancing provides buying while assets are low, and selling while high, but this often initiates selling near the beginning of long term uptrends.
There is also some helpful information for retirement planning, such as calculation of the amount needed during retirement to fund your current lifestyle. Lifestyle choices are also addressed as part of this equation. Overall, the book is an excellent read for anyone seeking portfolio management through a simple, yet promising asset allocation model using low cost ETF's or index mutual funds.
Customer Rating:
Summary: A Must for any investor
Comment: This book is very well laid out and explained. Even for the investor with little of no experience, Alexander Green gives you some very helpful advice. In a rocky market like today this is a must read. It is by far the easiest way to beat the market.
Customer Rating:
Summary: Good Advice, Plain Talk
Comment: What "The GONE FISHIN' PORTFOLIO" lacks in hype, it makes up in good advice. Back testing shows it to have worked in good times and bad. No promises or secret systems. Not for high rollers: this book is for those who prefer the odds of "the house". If you follow this approach, you will no longer be sponsoring your broker's affluent lifestyle.
Customer Rating:
Summary: Eggs in One Basket
Comment: Hoping for a new approach to investing, I purchased this book. However, it contained the same old advice that I read over 15 years ago! The worse part is that the author advises investors to put all their eggs in one basket. Sorry, but this chicken prefers to put his eggs in different baskets...
Customer Rating:
Summary: No Review But I have something to say.
Comment: I have yet to receive my shipment since placing my order on Sep 19.
Where is my shipment?
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