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Product Details

  • Paperback: 336 pages
  • Publisher: McGraw-Hill; 2nd Revised & enlarged edition (June 21, 2010)
  • Language: English
  • ISBN-10: 0071700781
  • ISBN-13: 978-0071700788
  • Product Dimensions: 8.9 x 5.9 x 0.9 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #19,559 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Richard A. Ferri, CFA, is president and senior portfolio manager of Portfolio Solutions, LLC, and an adjunct professor of finance at Walsh College in Michigan. He is the author of Protecting Your Wealth in Good Times and Bad, All About Index Funds, and Serious Money: Straight Talk About Investing for Retirement. Ferri is regularly quoted in the media including the Wall Street Journal, Barrons, Businessweek, and Forbes. He has appeared on many financial radio shows and television programs and is a frequent speaker at advisor industry events.

More About the Author

Richard Ferri is the founder of Portfolio Solutions, LLC (www.portfoliosolutions.com), a low-fee investment advisory firm based Troy, MI. Portfolio Solutions manages close to $1 billion in separately managed accounts for high-net-worth individuals, families, non-profit organizations, and corporate pension plans. The firm specializes in analyzing and using low-cost and tax-efficient index funds and ETFs to build wealth for clients.

Mr. Ferri earned a Bachelor of Science degree in Business Administration from the University of Rhode Island and a Master of Science degree in Finance from Walsh College. He also holds the designation of Chartered Financial Analyst (CFA). Prior to joining the investment community in 1988, Rick served as an officer and jet pilot in the U.S. Marine Corps and is now retired from the Marine Corps Reserve.

Customer Reviews

4.5 out of 5 stars
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See all 30 customer reviews
Gave me quite a bit of good information all in one place.
bgpl
It`s an excellent book about investing in general, written in such a way that even the layman can understand the principles of asset allocation.
Angelo Freitas
Ferri does a great job of detailing how to approach asset allocation.
anon

Most Helpful Customer Reviews

17 of 19 people found the following review helpful By Karl B on May 27, 2011
Format: Paperback
I just finished the outstanding book, All About Asset Allocation, by Richard Ferri. While I am well versed on the topic, I still learned quite a bit as Ferri goes went into detail on every facet of the practice. The only negative was that there seemed to be a lot of repetition, but given how important this topic is, a little repetition is a good thing. Ferri excelled in providing plenty of low-cost providers of index funds to be used in your asset allocation plan, but fell short of suggesting many ETFs as the selection at the time of publication was not as extensive as it is now, 2006 (first edition).

If you want a step-by-step manual on proper asset allocation, this is your guide. Each chapter guides you along as you build fund by fund until you have a portfolio of up to 12 different asset classes by the end of the book. There are plenty of examples on where the research originated from (Fama and French, Markowitz, and more) and makes for an enjoyable and quick read. His other books are just as helpful.
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34 of 42 people found the following review helpful By AmazonGuy on August 2, 2011
Format: Paperback Verified Purchase
This is a great book for someone looking to assemble their portfolio and not only successfully diversify it, but understand WHY diversification among asset classes works to reduce risk and increase returns.

My only real complaint is that it's sloppy - thus the three stars. I almost had to put the book down because I found so many spelling and grammatical errors in the first chapter. It was very distracting to me.

One has to wonder if this book was even proofread. (I think one or two errors in an entire volume is somewhat acceptable, but not the level of errors seen here.) I asked myself "Can I take the advice of such a careless author?" But in the end I think the concepts are mostly sound and it's a helpful intro.

But please, do a revision and fix all the errors!
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11 of 12 people found the following review helpful By Andrew Gurman on February 10, 2013
Format: Paperback
I found this book to be exceptionally useful in developing a long-term investment plan. Ferri makes excellent use of academic findings and statistical data to support the use of various asset allocation strategies. He provides a fabulous investment blueprint along with specific investment options for the layperson to structure an investment portfolio. Also, he lays out his points in a concise and compelling way.

I have now read John Bogle's "Common Sense on Mutual Funds," Burton Malkiel's "A Random Walk Down Wall Street," and this book. They each naturally have different emphases and taken as a whole are quite helpful. I found this book by Ferri to the most useful in actually structuring a specific investment plan, and I agree with his well-reasoned critique of Bogle, who de-emphasizes international investing to too large an extent. (I also commend Ferri for what he has done with his investment company, which charges a far lower rate than I had thought existed in the financial advisor arena - merely .25% versus the commonly charged 1%.)

A few negatives with the book, however, and as noted by some other reviewers (including AmazonGuy), are that it is rife with typos and grammatical mistakes; and it is repetitive, although that can be helpful for people looking only to read specific chapters. Nevertheless, the substance of the book is fabulous, and I will be applying Ferri's teachings as I construct my investment portfolio.
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6 of 7 people found the following review helpful By Bertilak on August 1, 2011
Format: Paperback Verified Purchase
If you think you understand asset allocation, please read this book. I knew I wasn't an expert, but I thought I knew more than I really did.

Ferri does a few things in this book:

1. Convinces you that this is perhaps the most important aspect of investing. [I might add that even if you are a great stock picker or market caller you need to understand asset allocation and use it as a basis for any more tactical investment strategies.]

2. Teaches you just what asset allocation really is, including warning you of some false ideas you could be harboring. Personally, I re-thought my asset classification system after reading this book.

3. Gives you concrete guidance on how to actually go about doing it for yourself, including specific suggestions/examples of ETFs (and other funds) you can use.

The concepts discussed in this book require the reader to pay attention, but there is little that Joe or Jane Sixpack could not follow.

I recommend as a companion to this another Ferri book: The Power of Passive Investing: More Wealth with Less Work. I read it first and it is what prompted me to read this asset allocation book. I think reading both of these will have a "multiplier effect" -- the combination is more than the sum of the parts.

I have not read Ferri's The ETF Book: All You Need to Know About Exchange-Traded Funds but suspect it may also be a good asset to allocate to your investment library.
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3 of 3 people found the following review helpful By Angelo Freitas on November 12, 2013
Format: Kindle Edition Verified Purchase
It`s an excellent book about investing in general, written in such a way that even the layman can understand the principles of asset allocation. Richard Ferri has an original understanding of risk, proposing that risk for an individual investor is the same as for pension funds, that is, doesn`t have enough money to cope with retirement liabilities. He explains the basics about modern portfolio theory in practical ways, discussing that correlations between asset classes change over time, so he doesn`t need to detail the hard mathematics necessary to optimize a portfolio, what I believe is a more practical and useful approach. He also explains all the asset classes for those who aren`t used to it and, then, discusses asset allocation with examples for different life ages and argues that these examples should be adjusted to represent the unique needs of an investor. Besides he says that the allocation should be done according to the investor`s risk tolerance and devotes a whole chapter to develop techniques useful to assess someone`s tolerance to risk, which is very important at panic moments. When risk is correctly balanced, an investor is comfortable to rebalances her or his portfolio, a necessary step to maintain your investment plan. It`s a must read to any individual investor and I recommend it to everyone.
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