Customer Reviews

The Little Book that Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets (Little Books. Big Profits)

5 star:		(20)
4 star:		(4)
3 star:		(1)
2 star:		(0)
1 star:		(4)

 

 

Mr. Darst must have had all of his buddies write in with 5-star reviews. I bought this book based on the subject and reviews, but it didn't meet my expectations. The title and description imply he will share HOW to balance your portfolio to weather the market ups and downs. His magic solution...allocate your investment $ to various asset classes which have a low correlation to each other (i.e. don't respond similarly to interest rates and economic conditions). How much to allocate to what classes depends on your goals and situation. DUHH! Rather than following through with real examples of asset allocation strategies which have worked for real people, he leaves you in the dark and tells you to hire a financial advisor.

Save your money. This book touts asset allocation but does not provide any practical advice on how to develop or implement a plan. The book asks many questions but provides absolutely no answers!

This latest installment in publisher John Wiley & Sons' "Little Book" series of investment books, could be the most important and relevant one for a mainstream investor's portfolio, especially in these trying times.

Serial investment Author David Darst brings an life-time of professional, world-class blue-chip investment expertise to bear in this concise little tome.

A good example of this is David's "Objective-Based Asset Allocation" discussion in Chapter four. In pragmatic and humorous language, he explains the nuts and bolts of determining the most important part of any investment portfolio, the Asset Allocation, that's best suited to the personal needs of the investor.

The book is helpful for both novice and experienced investors, bringing together a medley of time-tested investment principles in a really fresh way.

What's remarkable is that David manages to distill the institutional-grade investment allocation advice from his earlier, larger books, into clear investment mantras for the individual.

Highly Recommended.

The Little Book that Saves your Assets is it. Wow. Finally someone has written a book that can and will make a difference in how we look at the mysteries of money, wealth, and assets in a way this investor has not seen before.

"Surely you must be mistaken, someone must have written on this before!" I can hear people thinking even as I type. I am sure the same thing was said about MS-Dos, Netscape, the automobile, the electric light, and all new ideas that changed the way we live. This book provides the tools to change the way we look at wealth.

If we control our assets, our money, our wealth, we can control our lives.

I am sure there was a time when food was just food. When it did not matter what you ate as long as you were eating. Somewhere along the way we became aware that there are different types of food, that they affect our bodies and minds differently, that food can help you be healthier or speed you on your way to an untimely demise if not properly handled. Now even though we know this to be the case with money, assets, and wealth in general also, we still sort of wing it most of the time. EVEN THE PROFESSIONALS AMONGST US. How many people think of money, managing assets, and wealth creation and preservation as something that is arcane, luck based, and out of their control?

Read this book. You will begin to feel that you can control your financial destiny.

This book will change how you look at your assets, and your own economic health. For the first time, distilled into an easy to understand applicable codex of wisdom, are a series of guidelines, suggestions and "rules of thumb" that can be our first steps to a balanced economic diet. We can now get control of our financial bodies and plan for a long and healthy life. This could not have come at a better time.

Thank you David Darst, this book is like penicillin for world fighting economic infections!

Having read a good number of investment books, this might be the most disappointing one I've seen. In my opinion, this book is strong evidence that authors recruit their buddies to write glowing reviews despite the true merits of the book.

Financial advice with a smile!
I found this informative and easy to understand.
Great gift for anyone who is interested in personal finances.
I ordered a couple of copies as graduation presents.
Who is Uncle Frank?

The Little Book That Saves Your Assets is an incredibly accessible and insightful book about the key steps to effectively achieve one's optimal asset allocation strategy. I have read several of the other Little Book series and this is definitely my favorite as David Darst impressively integrates the art and science of asset allocation in a very readable format. He includes sports teams, house building, and horse racing metaphors that make the lessons easy to understand and highly enjoyable to read. He also has created several useful new frameworks including the asset allocation clock to facilitate his ideas. The forward by Jim Cramer gives some very interesting background on his admiration for the author and the book received a number of other well-deserved endorsements by legends in the field. I feel more confident tackling the markets and devising my own asset allocation plan after reading this book. Thank you David Darst!

David Darst explains the biggest investment secret in the fourteen chapters of The Little Book That Saves Your Assets: Asset Allocation. This book provides investors with a knowledge of a in-depth analysis on individual asset class, objective based asset allocation, strategic asset allocation, tactical asset allocation, correlations, compounding and reinvesting, portfolio protection, efficient frontier, manager selection, and other important concepts for building and retaining wealth.

I especially appreciate the straight-forward exhibits which explain to me what I need each asset class for. Also, check out the appendix in the back for personalized advice and answer the questions about your investment profile, investment outlook, and investment selection.

I highly recommend this book to anyone who is serious about investing. This book is a must read and so important for investors, especially in the light of the current financial conditions.

I am obsessed with investment books, and have read everyone I can get my hands on. I have never read one that puts the potentially dry concepts of asset allocation into vivid stories so that investors of all sophistication levels can learn them. This should be required reading for every investor and prospective investor so that they can build plans that will give them the highest odds of success on their financial journeys. Thank you David for an instant classic.

I keep the The Little Book That Save your Assets on my nightstand and read it so that I can get a good nights rest thinking about my savings and investments! It is an easy read and David Darst explains financial terms in such a way that it is easy to grasp and apply to your life! We all need an Uncle Frank and David Darst is the only one who can fill those shoes!