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The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals Hardcover – Bargain Price, November 7, 2006


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Product Details

  • Hardcover: 192 pages
  • Publisher: Perigee Trade; 10.8.2006 edition (November 7, 2006)
  • Language: English
  • ISBN-10: 0399532838
  • ASIN: B000R344PC
  • Product Dimensions: 8.2 x 5.6 x 0.8 inches
  • Shipping Weight: 9.6 ounces
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (70 customer reviews)
  • Amazon Best Sellers Rank: #769,203 in Books (See Top 100 in Books)

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 who has committed himself to recovering millions of dollars on behalf of clients who were misled by unprincipled brokers and financial advisors. He is a principal in Academic Wealth Management, LLC, and a Registered Investment Advisor. The author of Does Your Broker Owe You Money?, Solin has been interviewed on many radio programs, including USA, CBS, ABC, and on a number of regional NPR programs. Formerly the host of his own financial cable television show in Southwest Florida, he is a sought after speaker for groups of investment professionals, lawyers, and accountants.

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.


Customer Reviews

Very easy book to read.
Vern Trahan
One, that index funds are a more solid investment strategy than stocks or mutual funds because you cannot, nor any "professionals," beat the market.
Trevor J. Flannigan
I highly recommend this book for both the young and older.
Survivor

Most Helpful Customer Reviews

116 of 124 people found the following review helpful By L. Masonson on 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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25 of 27 people found the following review helpful By Marlane Myhre on 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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42 of 48 people found the following review helpful By dennis wentraub on March 20, 2007
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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12 of 12 people found the following review helpful By Trevor J. Flannigan VINE VOICE on 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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