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The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future [Kindle Edition]

Daniel R. Solin
4.2 out of 5 stars  See all reviews (75 customer reviews)

Print List Price: $15.00
Kindle Price: $10.37
You Save: $4.63 (31%)
Sold by: Penguin Group (USA) LLC

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Book Description

What Are You Waiting For?

This book will change the way you think about investing-and the results will prove it!

"This is the simple hands-on, how-to and why book many readers have been looking for."
-Scott Burns, syndicated columnist

Daniel Solin cuts through the financial hype to show you exactly how to invest-with an easy-to-follow four-step plan that lets you create and monitor your investment portfolio in ninety minutes or less...and put your investment earnings in the top 5 percent of all professionally managed money.

If you want to gamble, go to Las Vegas-or try stock picking and market timing. If you want to be a Smart Investor, follow this effortless and effective plan.

"The Smartest Investment Book You'll Ever Read will provide the enlightenment and gumption to free yourself from the clutches of the investment industry and the wisdom and direction necessary to get yourself back on track."
-William Bernstein, author of A Splendid Exchange and The Four Pillars of Investing

Every day you wait costs you money. Take control of your financial future now!




Editorial Reviews

Review

"It's so simple. It almost seems counterintuitive," Solin said. And after a 26-minute conversation with Solin, Metro--now armed with a new investment strategy-actually agreed. -- Metro New York, November 6, 2006

A no-nonsense, no-fuss guide for investors of all experience levels and financial resources. -- Kirkus Reviews, November 1, 2006

I just finished a great little book (I say little because it's a bit smaller than a regular book in size and is only 150 pages), but it's full of great investment advice, principles, data, facts, studies --you name it. The book is The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals. -- FreeMoneyFinance.com

Is this, as the title claims, the smartest investment book you'll ever read? ..... I can say it's the smartest so far. -- ConsumerismCommentary.com

It's tightly written, always on-point and not weighed down with anecdotes and aphorisms, and could be just the instruction book that you were looking for, but never received with that thick pension package from your company's HR department. -- Miami Herald, November 27, 2006

Solin does a great job of keeping his advice simple; his guide can be read...in a couple of hours. -- Library Journal

[Solin's] recommendations are sound and simple to put into effect... it is clear he is on to something. -- The New York Times, October 8, 2006

About the Author

Daniel R. Solin is a leading securities arbitration lawyer and a principal in Academic Wealth Management, LLP, a Registered Investment Advisor (www.academicwealth.com). The author of Does Your Broker Owe You Money?, he has appeared on The O'Reilly Factor, MSNBC's Weekend Economic Review, CNN's Money, and Bloomberg Television.


Product Details

  • File Size: 762 KB
  • Print Length: 192 pages
  • Publisher: Perigee (December 23, 2009)
  • Sold by: Penguin Group (USA) LLC
  • Language: English
  • ASIN: B00389UV5E
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #231,867 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
116 of 124 people found the following review helpful
4.0 out of 5 stars Simple Lifetime Investing Approach That Works November 7, 2006
Format:Hardcover
Daniel Solin, a securities arbitration lawyer, has penned a short and sweet book on investing for all types of investors. The author's four-step investment strategy is one that is well known and has been espoused by many market veterans (especially John Bogle, the inventor of the first index fund at Vanguard) and the financial media (selected magazine articles and selected investing books) for years.

Solin recommends that investors follow four steps with their investments to beat the vast majority of professionals:

1. Determine your asset allocation based upon your personal parameters (Note: author provides a multi-page asset allocation questionnaire to determine a specific score for each individual's circumstances and risk tolerance).

2. Open an account with Fidelity Investments, Vanguard or T. Rowe Price.

3. Set up your portfolio among three specific no-load, low internal expense index funds in any of the three fund families representing the total U.S. stock market, international market, and U.S. bond market, or purchase three specific similar in composition ETFs.

4. Rebalance the portfolio twice a year.

The author provides readers with a specific percentage of dollars to be invested in each fund or ETF depending upon the investor's risk tolerance. In an appendix, he provides the historical returns of these portfolios for the four risk combinations (e.g., 20% equities/80% bonds, 40%/60%. 60%/40%and 80%/20%).

He appropriately warns investors about hedge funds, house funds, margin, B and C mutual fund shares, and other concerns that result in higher costs and lower returns. With the advent of the Internet, investment scams have proliferated and investors need to be exceedingly careful with their money.
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42 of 48 people found the following review helpful
Format:Hardcover
The message here is that investors should take charge of their investment portfolio by determining an asset allocation model based on their tolerance for risk and invest their assets in index mutual funds (or ETF exchange traded funds) that track the U.S. equity, U.S. bond, and international markets. Trying to "beat" the market with actively managed mutual funds is a fool's game. Stock-picking and market-timing don't work. The popular financial media is a distraction. Your broker may not be acting in your best interest. Avoid hedge funds, margin, brokerage wrap accounts, proprietary brokerage ("house") mutual funds, B and C mutual fund shares, etc.

Even the author concedes that we've heard this before. His contention, however, is that many of those scholarly works are difficult to understand and have not achieved commercial success thus conveying the impression that you can't do this yourself. That's the rationale for this book. The ideas are concise and accessible. Many will be put-off by the book's aggressive tone (e.g. most advisers are "hyperactive" and self-serving). Many will find this tabloid-equivalency refreshing.

The basic ideas - the importance of asset allocation and low investment costs - and many of the specifics - the recommended portfolios - of this book make sense for many investors, I'm not sure all. Solin talks about including bonds as "ballast" in a portfolio, but what about the specific value of tax free municipal bonds? Among the best performing investment classes in recent years (and at other times) have been real estate and commodities. These diversifying asset classes are overlooked, even though ETFs track indexes for those different markets.
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26 of 29 people found the following review helpful
5.0 out of 5 stars Smart and easy investing December 1, 2006
Format:Hardcover
My husband and I followed the plan in this book and I can say that it is everything it says it is. It is simple. It took us less than an hour to decide on our asset allocation (I went to the author's website [...] and took the questionnaire on line.) We are opening accounts directly with Fidelity after contacting their customer service people who were excellent in responding to the few questions we had.

We don't worry about the news. We don't worry about the collapse of another major company or industry. We feel really good about having a "global" portfolio and about understanding (finally) and managing our risk.
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13 of 13 people found the following review helpful
5.0 out of 5 stars The Smart Way to Invest... Index Funds... February 18, 2010
Format:Paperback|Verified Purchase
The book I read this week was The Smartest Investment Book You'll Ever Read by Daniel R. Solin. I loved it. Fantastic ideas that follow my personal investing philosophies.

Solin's book has four sections although I feel like there were really two main ideas. One, that index funds are a more solid investment strategy than stocks or mutual funds because you cannot, nor any "professionals," beat the market. And Two, how to invest in the index funds (the fun part.) Solin provides solid research that shows results of many studys. All evidence points towards using index funds. "Financial Experts" and Wall Street have spent lots and lots of money on marketing themselves. They pitch themselves as having a financial expertise that helps them predict the market. This is false. Marketing dollars have also gone into telling the public that mutual funds will provide a great return because of the diversity and that they are being maintained by a "financial expert" that can beat the market with their expertise. This is also false.

The Truth: You can make just as much or more money than any "financial expert" and you can do this by avoiding mutual funds and investing in index funds.

There are just a couple differences between index funds and mutual funds, but the differences make a huge difference. A mutual fund is managed by a person, this person is supposed to be able to predict what stocks and bonds will rise and fall, so they buy and sell to appropriately position the fund to make high returns... you pay a premium expense to have this "luxury." An index fund is managed by a computer and the computer buys and sells stocks to position the fund in line with the right ratio of the market. This means the index fund will always earn the market average.
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
Easy & understandable read on topics you need to know about.
Published 4 days ago by Paul
5.0 out of 5 stars Complex world of Investments simplified
Clear, concise, simple, effective and rewarding, sums it up for me.
Published 7 days ago by Ron Santella
5.0 out of 5 stars Great read
If you are like me and most of America . Looking for good advise to shape you future. Give this book a read.
Published 1 month ago by Kevin Parks
4.0 out of 5 stars Most influential investing book I've read - started me on the path to...
On an online forum recently, I wrote that my favorite investing book was The Four Pillars of Investing by William Bernstein. Read more
Published 1 month ago by Darryl B. Hopkins
5.0 out of 5 stars Great read.
Simple and easy to understand. I like the fact that he gives you allocations for the different fund families and just how to go about constructing your own IRA.
Published 2 months ago by Tom Williams, Anchorage, Alaska
5.0 out of 5 stars Making investing easier
Mr. Solin has great ideas for investing. Wall Street has a way of making the investor feeling like they can't invest wisely without their help. It's just not true. Read more
Published 2 months ago by J. Teach
5.0 out of 5 stars Read Daniel Solin
I stumbled on one of his books around 2006 or 2007 and found it extremely enlightening. It was a major influence that convinced me to adjust our investment portfolio and to weather... Read more
Published 3 months ago by Tim
5.0 out of 5 stars Seems to be a great solution!
It was simple, easy to read and understand how to simplify financial part of life. Recommend to all who likes to avoid Wall Street rip-off.
Published 3 months ago by Al
5.0 out of 5 stars Why I didn't know this 30 years ago?
Daniel Solin lays investing out in simple, understandable terms. He provides a rock-solid approach to investing based on data. Read more
Published 5 months ago by JCT
1.0 out of 5 stars Well...
After reading the book, it is hard to say who/what the intended audience is supposed to be. The first 100 pages are about how bad brokers are and how Wall Street is run by crooks. Read more
Published 6 months ago by J. O.
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More About the Author

Dan Solin is the New York Times bestselling author of the Smartest series of books which include: The Smartest Investment Book You'll Ever Read, The Smartest 401(k) Book You'll Ever Read, The Smartest Retirement Book You'll Ever Read, The Smartest Portfolio You'll Ever Own and The Smartest Money Book You'll Ever Read. He is also the author of Does Your Broker Owe You Money?

He is the co-author of Mandatory Arbitration of Securities Disputes, A Statistical Analysis of How Claimants Fare, which examines the fairness of the mandatory arbitration system imposed on investors by the securities industry. He testified before a congressional subcommittee investigating the mandatory arbitration system.

He writes financial blogs for The Huffington Post and USNews.com.

He graduated from Johns Hopkins University and the University of Pennsylvania Law School. He is the director of investor advocacy for The BAM ALLIANCE and a wealth advisor with Buckingham Asset Management.





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