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26 of 26 people found the following review helpful
5.0 out of 5 stars Message to Boomers: Save or Bust !, July 10, 2003
By 
dennis wentraub (schenectady, new york USA) - See all my reviews
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This review is from: Protecting Your Wealth in Good Times and Bad (Paperback)
Americans are saving no more for retirement than they did twenty years ago. Bad advice from the brokerage community, the financial media, and mutual fund companies compound the difficulty of developing a sound strategy for accumulating sufficient wealth to achieve financial independence. All this is at a time when workers have more retirement options available to them. This book is written for people who want to do their own financial planning. Each of the chapters summarizes and list key points for easy back reference. Given the obstacles investors face from outside advisors and the author's conviction that the projected benefits from Social Security are "destined" to be reduced, the importance of financial planning is compelling.
Ferri's investment advice is straightforward: Save consistently. Diversify. Keep investment costs low. Use market tracking index funds. Many of Ferri's ideas can be found in other recently written books on the subject, but as a stand alone introduction, this is a good place to start. Some readers will take the author's suggestion and begin with the third and final part of the book where advice is given for readers at different stages of their investment lives. But it is in the earlier sections of the book the author builds his case for developing realistic return expectations, reducing risk by using different kinds of assets like foreign stocks and real estate, and keeping costs down. It is also in these sections that Ferri is especially hard, I think unfairly, on stockbrokers who are dismissed as undereducated and mercenary, but these traits are more representative of individuals than a profession. His criticism of the mutual fund industry is more objective with respect to hidden costs and strategies for inflating performance for public consumption. These criticisms echo the periodic comments of industry gadfly John Bogle whose book on mutual funds is recommended in an Appendix.
Not every investor - my guess is only a small minority - will have the discipline to learn to manage their own financial affairs without some outside guidance. However, sound information covering a broad range of topics of the kind Ferri has compiled in this book will greatly improve an investor's chances for success with or without outside help.
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18 of 19 people found the following review helpful
5.0 out of 5 stars Great Resource for Do-It-Yourself Investors, May 16, 2003
By 
Warren McIntyre, CFP (Troy, MI United States) - See all my reviews
This review is from: Protecting Your Wealth in Good Times and Bad (Paperback)
As a fee-only financial planner, I really enjoyed this latest book by Rick Ferri. It provides a straightforward approach whereby anyone can construct a low-cost portfolio to build and preserve wealth. The book would be valuable to anyone who wants to understand why markets behave as they do, and to fashion a plan to invest in uncertain times. The author includes useful advice about how much money one needs to accumulate for retirement, and how much income can be withdrawn safely. Mr. Ferri offers plenty of technical information to support his ideas, but it is presented in an easy to read style. I particularly liked the guidelines for setting realistic expectations for investment returns in the future, and the practical advice for successful investing at different phases of life. Many of my clients are do-it-yourself investors who are looking for some guidance. This book provides it - and I plan to recommend it to clients as an educational resource.
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6 of 7 people found the following review helpful
5.0 out of 5 stars Excellent Primer with Detailed Examples, May 14, 2006
This review is from: Protecting Your Wealth in Good Times and Bad (Paperback)
I was very impressed with this book and give it an A. Ferri's writing style is easy to read.

Ferri wrote this book near the end of the biggest 3 year drops in the U.S. stock market since the Great Depression. Many investors were wiped out from jumping on the tech stock bubble of the late 90's.

Ferri does a great job of explaining the advantages of index funds and the theory of asset allocation. He offers several ways for investors to judge what their "real" risk tolerance is with regards to selecting the proper stock to bond asset allocation.

I enjoyed the later sections of the book where Ferri broke down his recommendations by age groups (from young people to retirees). He offers specific asset allocations and specific funds to achieve these asset allocations.

Ferri is also brave enough to publish his estimate of future returns of the major asset classes.

If more investors had followed Ferri's asset allocation advice in the late 1990's, they would not have suffered the loss of most of their retirement investments.

All-in-all, a good book for serious investors who manage their own portfolios. I would suggest companion books to supplement this book including The Richest Man in Babylon, Bogle on Mutual Funds, The Millionaire Next Door, The 4 Pillars of Investing, A Random Walk Down Wall Street, and the Coffeehouse Investor.
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4 of 6 people found the following review helpful
4.0 out of 5 stars Protect Yourself and Your Wealth, February 20, 2009
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This review is from: Protecting Your Wealth in Good Times and Bad (Paperback)
Much of the stuff that are in this book have been mentioned in his other books but you might still want to check it out.

I love Richard Ferri's books. This is one of them.
If you are clueless about financial investment and want to get started on it, then read this book. Also recommended are All about Index Funds, Serious Money, and The ETF Book. Unlike books that promote sales pitch and sell garbages like (IBD: Investor's Business Daily or even Wall Street Journal) Ferri provides sound studies done on investment strategies, sound strategies, expectation and mindset.

However it does not cover all the story. You still need to understand our debt-based economic structure and fractional banking monetary system to avoid heavy losses during severe recession or depression. I recommend The Creature from Jekyll Island: A Second Look at the Federal Reserve and Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) for that.
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5.0 out of 5 stars WELL VERSED, August 7, 2010
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This review is from: Protecting Your Wealth in Good Times and Bad (Paperback)
Well thought out and practical. Only problem is is it all still applicable in this new economy we are in now.
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Protecting Your Wealth in Good Times and Bad
Protecting Your Wealth in Good Times and Bad by Richard A. Ferri (Paperback - April 18, 2003)
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