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| | Location: Home » Finance » Introduction » The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals | December 1, 2008 |
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| The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals | 
 enlarge | Author: Daniel R. Solin
Publisher: Perigee Trade
Category: Book
List Price: $19.95
Buy New: $0.01
You Save: $19.94 (100%)
Buy New/Used from $0.01
Avg. Customer Rating:  (35 reviews)
Sales Rank: 26848
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 192
Shipping Weight (lbs): 0.5
Dimensions (in): 8.8 x 6 x 0.8
ISBN: 0399532838
Dewey Decimal Number: 332.678
EAN: 9780399532832
ASIN: 0399532838
Publication Date: November 7, 2006
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Better than Mom's Apple Pie September 29, 2007
1 out of 2 found this review helpful
Most financial books are more complicated than Japanese arithmetic. This is actually understandable and the advice is rock-solid. If you have only one book on investing this should be it.
This is for some... August 8, 2007
0 out of 1 found this review helpful
The Smartest Investment Book You'll Ever Read (Unabridged)This book is for certain investors who do not want to
be daily envolved in investing.It is easily understood and can have
real meaning for that group of people
Love it! July 31, 2007
0 out of 1 found this review helpful
I absolutely enjoyed listening to it. It was a little bit boring in the beginning but at the end Don Solin gives you advise what to do. I will take his advise once I have some money saved up and invest it to see if it works! I sure it does!
Really, really simple; but really, really effective June 28, 2007
12 out of 13 found this review helpful
I don't think I've ever read a simpler book on investing. I think I finished it in two hours or less, and though it obviously lacks a lot of detail, I can't say there's anything really important that was left out.
Solin spends a lot of time describing investment traps to avoid, such as active management and other, high-cost strategies. Then he spends a very few pages describing a very simple way to construct a diversified, low-cost portfolio of mutual funds. He suggests specific allocations in just a handful of specific funds in specific fund families for specific types of investors. Literally, all you have to do is pick which kind of investor you are and then just follow the allocations Solin suggests. Rebalance once or twice a year, and you're set. Even my sister could do it in 30 minutes or less per year.
It may be hard for people to believe that such a simple strategy could work, but decades of research show that a simple, low-cost, diversified portfolio outperforms the vast majority of actively managed funds, and with relatively little risk.
The advice to "Keep it simple, stupid!" was never so appropriate.
I highly recommend this book.
A classic book on investing June 22, 2007
1 out of 4 found this review helpful
I agree with the other reviewers that this book is an outstanding essay for those who want to learn how to invest. For the average investor to avoid uncompensated risk one must use an index mutual fund that has a sufficient number of issues to virtually eliminate uncompensated risk. To accomplish this an index fund is the only practical solution. Index funds and Exchange Traded Funds are available for this purpose. We call the excess return over and above the market return the value premium. Value stocks do provide returns in excess of broad market returns but in order to have adequate diversification you must assemble several hundred issues well beyond the resources of the average investor. For the period 1964 to 2000 large cap value stocks outperformed large cap growth stocks 14.5% to 11.1% and for small cap stocks 16.6% to 12%. These are huge differences. Solin's comments on small cap value stocks ignor that they can be part of a portfolio and when they are that the return is commensurate with the risk assummed. The same comment applies to the large-cap value asset class.
The book is very skinny for the price and I believe there are other books that offer as good advise but go into the subject in a little more more depth.
I can offer a solution to this problem. I want to recommend to you a book titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission This book is a must for those wanting to find out about indexing (passive investing) and why it is the superior method for the small investor (and big one too). This book is an outstanding guide to personal investing. It will be useful to all investors from novices to highly the highly experienced. This book prepares the reader to approach investing from the standpoint of the underlying science. It is the antithesis of a 'get rich quick scheme'.
All aspects of Modern Portfolio Theory and passive (index) investing are explained in a through and easily understood manner. The aspect I like most is that as well as a solid theoretical foundation the book is very practical and shows the reader how to create (and more importantly) and manage over time a successful portfolio. This is a great book- for the beginning investor, it's a great place to start and for the experienced investor there are many valuable suggestions.
It's a shame to think of how much money investors have lost "investing" in the stock market over the years. I wish I had read this little book years ago. The chapter on automatic investing recommends a number of portfolios that follow modern portfolio theory and adjust risk as you age without any effort on the part of the reader at all. Had this book been written years ago and had I followed its directions I would be rich today of that I am certain. Nevertheless I will pursue one of the portfolios recommended and stick to it as my investing plan.
How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no CommissionHow to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission
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