Description
A timeless investment guide that reveals how to consistently earn market-beating returns while reducing risk
What every investor needs is a battle-tested strategy that embraces the uncertainty of financial markets-and life in general. One that will yield market-beating portfolio returns in both good times and bad. The Gone Fishin' Portfolio shows you what that strategy is, how it works, and why you should begin using it immediately.
The innovative approach outlined throughout these pages will help investors enjoy a notably high probability of success by using an investment strategy based on the notion that nobody knows what the market is likely to do next, which, in effect, allows investors to capitalize on uncertainty.
- Details one of the safest and simplest ways to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead
- The "Gone Fishin' Portfolio" is based on a Nobel Prize-winning investment strategy that takes just twenty minutes to implement
- Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works
The Gone Fishin' Portfolio will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve.
Table of Contents
Foreword vii
Preface xi
Acknowledgments xv
Part I Get Wise 1
Introduction 3
Chapter 1: The Unvarnished Truth about Your Money 9
Chapter 2: The First Step on the Road to Financial Freedom 15
Chapter 3: Why Manage Your Own Money? 25
Chapter 4: Know What You Don’t Know 35
Part II Get Wealthy 45
Chapter 5: Common Stocks: The Greatest Wealth-Creating Machine of All Time 47
Chapter 6: Don’t Buy What Wall Street Is Selling 61
Chapter 7: Your Single Most Important Investment Decision 73
Chapter 8: The Gone Fishin’ Portfolio Unveiled 89
Chapter 9: Why the Gone Fishin’ Portfolio Is Your Best Investment Plan 119
Chapter 10: How to Legally Stiff-Arm the IRS 129
Chapter 11: The ETF Alternative 137
Part III Get On with Your Life 147
Chapter 12: The Last Two Essentials: Specific Goals and Realistic Expectations 149
Chapter 13: Your Most Precious Resource 159
Afterword 169
Appendix A: Vanguard Funds 175
Appendix B: ETFs 217
About the Author 233
Index 235
