To get the free app, enter your email address or mobile phone number.
Fail-Safe Investing: Lifelong Financial Security in 30 Minutes Paperback – January 10, 2001
See the Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.
Frequently Bought Together
Customers Who Bought This Item Also Bought
The other rules aren't quite as obvious, but equally simple. Browne explains the difference between investing (making a long-term plan and sticking with it) and speculating (betting that you can beat the overall market during a specific period). He shows how life savings are easily lost when you borrow money to invest rather than investing only the money you already have. Browne also suggests a portfolio that he says is the simplest and safest possible for continual, steady returns above inflation: an equal division among stocks, bonds, gold, and cash. That covers an investor in times of prosperity (stocks), inflation (gold), deflation (bonds), and recession (cash). While many investment analysts would undoubtedly gag if you presented them with a portfolio that consisted of a 50 percent investment in gold and cash, Browne nonetheless makes a compelling argument that such an allocation makes it easier to sleep at night. And common sense tells you there are worse things than a good night's sleep. --Lou Schuler --This text refers to an out of print or unavailable edition of this title.
About the Author
Harry Browne is one of America's best-known investment advisors, the author of eight investment books, a radio personality, and the 2000 Libertarian candidate for president. He lives in Tennessee.
More About the Author
Top Customer Reviews
Speaking of his seventeen rules, the first five can be condensed into one simple rule: Forecasting = Fortune Telling. From Browne, we learn that no one can predict the future, yet many of us entrust our hard-earned money without any hesitation to modern day Gypsies- financial planners, emoneyf (mutual fund) managers and stockbrokers, who constantly tell us that they can predict the future using sophisticated eeconometricf forecasting tools. Browne reminds us that our wealth begins with what we earn, not with what we invest, and before we can invest, we have to earn. Although we can always borrow our way to bankruptcy with ease, we can borrow our way to prosperity only in our dreams. In the end, basing our earnings won through blood and sweat on the elaborate crystal-ball gazing of financial witch-doctors is the surest path to losses and total ruin.
Browne also delivers plain talk on risk, investment and speculation, and tells the reader that no one can ever hope to eliminate risk entirely. The best anyone can do is to develop realistic strategies for dealing with risk. As such, it becomes painfully clear that there is no such thing as a risk-free investment.Read more ›
Most Recent Customer Reviews
The best investing book I've ever read- ideal for a novice investor- I give copies to family and friends.Published 14 days ago by Ryan J. Darcy
A book everyone new or experienced with investing should read!Published 14 days ago by M. Cortopassi
I have no bought two copies of this book. There is a page that shows very clearly why it's important to start saving at 18 and not even 25. Things take time with investing. Read morePublished 3 months ago by Andrew Reames
Harry tells it like it is. Not sexy. Not exciting. Practical and safe. The permanent portfolio is simple and easy to execute. Read morePublished 5 months ago by Byron Kay
If you are gambling in the stock, options, forex or futures market, you need to read this book. Practical common sense and good advise... Read morePublished 5 months ago by H. HERTZ
It is a no nonesense and honest book on the complex and complicated nature of investment . There is an honest and practical way to investing our monies for a sound future but... Read morePublished 7 months ago by Amarjit Singh