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Investing without Wall Street: The Five Essentials of Financial Freedom Hardcover – April 3, 2012

ISBN-13: 978-1118204641 ISBN-10: 1118204646 Edition: 1st

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Product Details

  • Hardcover: 296 pages
  • Publisher: Wiley; 1 edition (April 3, 2012)
  • Language: English
  • ISBN-10: 1118204646
  • ISBN-13: 978-1118204641
  • Product Dimensions: 6.4 x 1.1 x 9.3 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #741,745 in Books (See Top 100 in Books)

Editorial Reviews

From the Inside Flap

The secrets to growing your wealth lie far beyond just investing strategies and financial products. The options for investing are endless, and their sheer number can be overwhelming, but in Investing without Wall Street: The Five Essentials of Financial Freedom, Sheldon Jacobs, founding editor and publisher of The No-Load Fund Investor, shows how to achieve the greatest wealth with the least effort. The book focuses on what investors actually do with their investments, rather than teaching strategies that read well, but are nonetheless unessential.

Presenting clear, practical advice on market timing, vanity investments, recent advances in index fund investing, bear market strategies, growing one's income, and much more, this book is designed to help you maximize your wealth. Filled with timeless wisdom and personal anecdotes that will inform and illuminate your investment decisions for years to come, Investing without Wall Street includes:

  • Five essentials that investors need to concentrate on, and what they can safely ignore

  • How to use the media to get the best investment advice and recommendations

  • The case for using a market timer

  • Why specific security recommendations don't make the five essentials

  • How to achieve complete portfolio diversification with only two funds

Indispensable reading for anyone looking to make more money, from new investors just starting out to seasoned pros returning to the market after the recent downturn, this lively and accessible book includes in-depth coverage of almost twenty subjects that are rarely, if ever, found in other investing guides. Investors will learn how to use the financial advice found in the media, survive bear markets, and build a mutual fund portfolio that will pay dividends for life. The definitive guide to individual investing, Investing without Wall Street stresses the importance of taking a skeptical, clearheaded approach to investment opportunities, and teaches you exactly how to develop and implement successful money strategies.

From the Back Cover

Praise for Sheldon Jacobs

"Sheldon Jacobs is a level-headed gentleman who is a cross between Albert Einstein, the Dalai Lama, and Vanguard founder Jack Bogle and who had a solid record editing and publishing The No-Load Fund Investor financial newsletter for over a quarter-century."
MarketWatch

"King of no-loads."
Investor's Business Daily

"Dean of the no-load fund watchers."
USA Today

"Among financial experts who are able to think with a small investor's perspective, no one is more level-headed than Sheldon Jacobs."
Bottom Line/Personal

In July of 1993, Sheldon Jacobs was one of five nationally recognized mutual fund advisors chosen by The New York Times for a mutual fund portfolio competition. The portfolio that he selected produced the highest return of all contestants for almost seven years, and the Times quarterly publication of this contest helped him become one of the best-known mutual fund advisorsin America.

Investing without Wall Street shows investors how to achieve the greatest wealth with the least effort. It details the five essentials that even a kid could master and shows that they are all you need to be a successful investor. With this knowledge, the average investor can invest on his or her own and make $252,000 more than a person investing the same way who shares his or her profits with professionals. This book will teach you how.


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Customer Reviews

4.5 out of 5 stars
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This is a must read investing book!
FinancialDave
Jacobs' explanation of the Five Essentials makes perfect sense, and he provides general guidance as well as specifics where needed.
WenBC
This book provides straight forward common sense advice about investing.
EJH

Most Helpful Customer Reviews

5 of 5 people found the following review helpful By A_Power on December 19, 2012
Format: Kindle Edition Verified Purchase
I work in the financial sector and am often very concerned about friends and family who trust their money to others and don't seem to have a clue as to how their own investments work. I picked up this book in the hopes of finding something which would provide an accessible introduction to managing one's own finances. In this, it succeeds.

It's very difficult to find the right balance of technical and non-technical information when discussing personal finances. Some understanding of the technical aspects of finance are necessary in order to understand even the basics sensibly but many books go one bridge too far for the reader working outside the financial sector.

This books finds the right balance, and its five basics, I entirely agree with. It is consistent with many of the fresh insights into finance, off the back of the crisis, while at the same time remaining balanced and practical. It's emphasis on risk-adjusted returns is very important and one of the important things which non-financial people need to understand. Jacobs presents this concept is an accessible way.

Some of the later sections are redundant and don't add that much to the main argument of the book. Once you've read the chapters on the five essentials, you can probably put the book down. But those five essentials really are essential, and in this book, accessible. I have bought several copies of this book to distribute to non-financial members of the family over Christmas.
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1 of 1 people found the following review helpful By WenBC on May 26, 2013
Format: Hardcover Verified Purchase
I've been investing for more than 20 years, trying all different approaches under the guidance of my dad, an "armchair investor," with varying degrees of success (and failure). Now that Dad is elderly, I am in charge of his assets as he won't allow a "professional" to take over. Wake-up call! The pressure is on, and I needed to find advice that would help me manage his money as well as my own, and to start guiding my own children as well. Lots of different needs resting on my shoulders.
Investing Without Wall Street has given me the confidence I need to manage all of this in addition to being a self-employed single parent (i.e. I don't have a lot of time on my hands). Jacobs' explanation of the Five Essentials makes perfect sense, and he provides general guidance as well as specifics where needed. He does all of this with a sense of humor and engaging writing style, to make this a very readable and enjoyable book that (best of all) is based on principles that will not become obsolete in a few years or with the next big boom or crisis. Solid, time-tested investing advice that can be adapted to different investors' needs. So thank you, Mr. Jacobs. This is just what I needed.
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1 of 1 people found the following review helpful By Larry B on July 23, 2012
Format: Hardcover Verified Purchase
Mr. Jacobs shares a great variety of useful investment advice that he has gained over many years. I first began following him back in the early 1990's and his suggestions were the basis of my not flashy but solid investment results over the years. I've told my thirteen year old son that he needs to read and follow this advice when he's a few years older.
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Format: Hardcover Verified Purchase
It was good reading for passive investors, like myself. Mr. Jacobs does a good job at recommending the construction of a passive portfolio. I would recommend his book to any passive investor.
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By Jazzman on February 17, 2014
Format: Hardcover Verified Purchase
This is an excellent book for anyone interested in Do-It-Yourself Investing without brokers and Financial Advisors. I highly recommend Sheldon Jacobs as the best guide.
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Format: Hardcover Verified Purchase
If you are interested in developing a simple, disciplined investment plan, the first 100 pages are a great read. Seasoned investors can learn a lot about keeping investments simple and sticking to an allocation plan, whereas inexperienced investors can gain insight into what to heed and what to ignore when investing without an adviser. Read on only if you are interested in market lore, myths, and other ludicrous indicators. This latter part of the book, while entertaining, does not add much to the basic theme - investing. The reader would have been better served by the author replacing these sections with an extensive discussion of bond funds, ladders, treasuries vs corporate bonds, etc. These, after all, are cornerstone of fixed income investment, a key component of the author's three investment classes.
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