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.
Autorentext
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.
Zusammenfassung
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.
Inhalt
Foreword.
Acknowledgments.
Introduction: The Seeds of Financial Success.
Chapter 1 The Claw Will Take Your Money: "10 - 2 = 8".
Chapter 2 Own the World: "Don't Put All of Your Eggs in One
Basket".
Chapter 3 The Advantage of Having Wall Street Marketing Blinders
(and Where Can I Get Some?): "I Don't Watch Cramer; I Like
SpongeBob".
Chapter 4 Adults Behaving Badly: "Don't Act Silly When Something
Is Important".
Chapter 5 Can You Beat a Second Grader's Portfolio?: "I'm Not
Going to Win All Three Spins".
Chapter 6 Beyond the Second-Grader Portfolio: "If Dad Says
There's a Better Way, I Might Try It, but I'm Not So Sure".
Chapter 7 Bonds--Your Portfolio's Shock Absorber: "Don't
Lend Money to Someone Who Won't Pay You Back".
Chapter 8 Better Than Bonds: "If the Teacher Promises
You'll Be Paid Back, Then It's Okay to Lend Randy Money".
Chapter 9 Simply Brilliant or Brilliantly Simple--Building
Your Portfolio: "Don't Bet Your Lunch Money".
Chapter 10 Investors Who Love to Pay Taxes, and the IRS Who
Loves Them: "Don't Pay Taxes If You Don't Have To".
Chapter 11 Nightmare off Wall Street--The Scary Tale
of Trick-or-Treat Investing: "If the Game Is Too Hard to
Understand, I'm Not Playing".
Chapter 12 Increase Your Return No Matter What the Market Does:
"If You Pick the Low-Hanging Fruit, You Don't Have to Climb the
Tree".
Chapter 13 Keep It Simple, Stupid (KISS): "Why Do Grownups Have
to Make Things So Complicated?"
Kevin's Postscript.
Notes.
About the Author.
Index.