Customer Reviews

Get Rich Slowly: Building Your Financial Future Through Common Sense

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Spitz, Treasurer of Vanderbilt University, spells out in simple terms, how to invest in 5 or 6 classes of mutual funds to match the level of risk for your stage of life. He shows how to analyse your level of risk and makes a few assumptions about future growth potential and creates a plan for financial security that the reader can follow and practise without the need for stock brokers or other expensive financial advisors. Easy to read and understand.

I met the author twice when he spoke to a small group. I liked Bill's thought process and bought the book about eight years ago. I still have it, well marked and well used. Bill explained his purpose in writing the book as showing individual investors how to apply the same principles of investing and investment management that he applied as Treasurer of Vanderbilt. There he selected and provided oversight over a number of portfolio managers who managed portions of the Vanderbilt endowment. Bill shows how an individual can do the same thing by investing in a diversified group of mutual funds.

Bill carefully explains the elements of an investment portfolio (U.S. stocks, small cap stocks, bonds, real estate, etc.) and suggests several allocations between the elements. One unique aspect of his advice is that every portfolio should have a real estate component. His discussion convinced me and real estate investment trusts are now an important part of my retirement portfolio.

This is a well written quide for the individual investor who seeks a well thought out plan for investing.

Mr. Spitz provides a no nonsense, intelligent approach to retirement investing. He uses historical data and his vast experience to support his staightforward, "anybody can do it" philosophy. Most importantly, he teaches the average investor how to avoid the extraneous and useless information that plagues all do-it-yourself investors. With his approach, a plan is always set in place, removing the need for "thinking" about your retirement. Every person in charge of his own retirement should read this book.

Vanderbilt University has an extremely large investment portfolio. William Spitz was Treasurer of Vanderbilt University for many years and he oversaw the investment program. This book presented sound, practical advice in understandable terms. This book will allow me to prepare an investor's profile and develop an investment portfolio that fits my risk profile and stage of life. I will be able to make sound investments while still having time for the most important things in life - family and friends.

Having read countless dozens of investment books and many more monthly journals, I can say that Spitz's book is the one I find most memorable and upon which I have based my investment portfolio. This is pretty plain-vanilla, common-sense investing that will serve anyone well over time. Too bad it could not be presented as a mandatory one credit course to all high school seniors (albeit advanced for many of them) - investing looks to be a skill all will need going forward, and it really can be pretty simple.

the end of the I met Mr. Spitz several years ago when he spoke at a Vanderbilt Alumni Reunion in Louisville. He explained his book, which I purchased, and I was able to use his philosophies in setting up investments for hundreds of injured people. I still quote parts of the book verbatim to this very day.

I recently purchased several copies of the book to give to people who work in our office. It is one of the best investment philosophy books ever written.

Don McNay...