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The Smartest Portfolio You'll Ever Own: A Do-It-Yourself Breakthrough Strategy [Hardcover]

Daniel R. Solin
4.2 out of 5 stars  See all reviews (16 customer reviews)

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Book Description

September 6, 2011

Bestselling author and financial blogger, Dan Solin, provides real do-it-yourself investors the means to create a dynamic-and safe- portfolio that mimics those constructed for some of the major institutional and trust investors in the country. Readers can maintain complete control over their money-and not sacrifice precious points to an advisor or broker.

Using a strategy that minimizes volatility and maximizes returns, Solin makes investing according to the principles of the most sophisticated financial models accessible to individuals in a way that has never been possible before.

As readers have come to expect from Solin, implementing this plan is as simple as one, two, three: open an account with a discount broker; determine the appropriate asset allocation using the simple questionnaire in the book or online; input pre-determined ETFs (Exchange Traded Funds) and the allocations for the level of the investor's individual risk profile.

This is the only book that provides the information and practical guidance that readers need to achieve the very best results with the minimum risk,on their own.


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The Smartest Portfolio You'll Ever Own: A Do-It-Yourself Breakthrough Strategy + The Smartest Retirement Book You'll Ever Read + The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future
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Editorial Reviews

Review

Five Best Money Books of 2011: "Building on his other 'Smartest' money books, Solin lays out sensible ways of constructing safe portfolios that are customized to where you are in life. As with his other advice, Solin favors low-cost, passive portfolios that are diversified and tempered for risk."
(John Wasik for Reuter���s )

"Acclaimed and prolific investment author, Dan Solin, has written another terrific book that offers the reader timeless advice on building a portfolio. The Smartest Portfolio You’ll Ever Own concentrates on constructing a portfolio of low cost funds with a bent toward small cap and value stocks. Based on the Fama-French 3 Factor model, this type of portfolio construction can give you higher returns as compensation for taking more risk."
(Allen Roth for CBSMoneyWatch.com )

"The Smartest Portfolio You’ll Ever Own… is intelligent, straightforward, and very close to common wisdom."
(InfoDad.com ) --This text refers to an out of print or unavailable edition of this title.

About the Author

 

Dan Solin, a wealth advisor to high net worth investors and retirement plans for Buckingham Asset Management and The BAM ALLIANCE Director of Investor Advocacy, is the author of The Smartest Retirement Book You’ll Ever Read, Does Your Broker Owe You Money?, and the New York Times bestsellers The Smartest Investment Book You’ll Ever Readand The Smartest 401(k) Book You’ll Ever Read. His award-winning books have been widely praised by The New York TimesThe Wall Street JournalThe Library Journal, and many financial writers, leading economists, and others.

Solin is one of the most popular financial bloggers on The Huffington Post. A frequent guest on national television and radio shows, Solin has addressed professional organizations of accountants, advisors and financial planners and has testified before Congress on investor issues.



Product Details

  • Hardcover: 224 pages
  • Publisher: Perigee Trade (September 6, 2011)
  • Language: English
  • ISBN-10: 0399537066
  • ISBN-13: 978-0399537066
  • Product Dimensions: 6.6 x 0.8 x 8.5 inches
  • Shipping Weight: 12.8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (16 customer reviews)
  • Amazon Best Sellers Rank: #463,773 in Books (See Top 100 in Books)

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

These are definitely the best investment books ever written for the novice. bawdew  |  5 reviewers made a similar statement
The format of Mr. Solin's book makes it easy to read and the takeaways (What's the Point?) Grant Hiesterman  |  4 reviewers made a similar statement
Most Helpful Customer Reviews
38 of 45 people found the following review helpful
2.0 out of 5 stars Unfortunately, only a mixed bag September 11, 2011
Format:Hardcover
Dan Solin's previous works in this series demonstrated the wisdom of constructing a globally diversified investment portfolio comprised of low-cost stock and bond index funds in accordance with a long-term asset allocation suitable to your needs. Where Solin has fallen short in the past is in the translation of this approach to specific investment recommendations, such as his previous advice to avoid TIPS (U.S. Treasury Inflation-Protected Securities) and ETFs (exchange-traded funds).

In his latest book, Solin has apparently overcome his aversion to ETFs and utilizes several of them to construct his `SuperSmart' and `Smartest ETF' portfolios. Tragically, his bond recommendations fall woefully short of the mark. For example, Solin suggests investing 50 percent of the total bond allocation in the SPDR Barclays Capital Short Term International Treasury Bond ETF (BWZ), a relatively small, thinly traded ETF which allocates almost 15 percent of its holdings to the potentially risky bonds of Italy and Spain.

Investors would be better served consulting the books of William J. Bernstein, John C. Bogle, Larry Swedroe and others for specific investment recommendations consistent with this philosophy.
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15 of 16 people found the following review helpful
5.0 out of 5 stars Superb! Taking it to the new level. September 19, 2011
Format:Hardcover
I have read and applied all four of Dan Solin's books. This is a terrific addition to his previous three. In a nutshell, one can maximize return, minimize risk, and quit gambling with one's life savings.

During the past four years I haven't had the lows or the highs of the equity markets but maintained an honest return that allows me to sleep at night.

The format of Mr. Solin's book makes it easy to read and the takeaways (What's the Point?) at the end of each chapter help keep the reader laser focused. Love it!! You can read chapters in varying order if you can't wait to look at a subsequent section also.

The documentation is superb. My favorite section is the Glossary. I read it a few times to help keep my thinking accurate. I went online and checked the references and they were accurate. I furthermore checked a couple of books out from the library to document the simple underlying premise.

Having read "The Smartest Investment Book You'll Ever Read" before this book probably put me in a little better position to understand passive versus active investing than a first-time reader. However, the book is clear and eloquent with a wonderful sense of wit and dry humor.

I can prove my passive, dull, drab portfolio of index funds (with no fees or minimal fees) beat 95.5% of all investors since 2007. Can you? Buy the book. Read it. Do it. Sleep better. It is great to be in control for a change!
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6 of 7 people found the following review helpful
4.0 out of 5 stars The Smartest Portfolio You'll Ever Own October 9, 2011
Format:Hardcover|Amazon Verified Purchase
It's a very good book to get you started with investments. It teaches the value of diversification and asset allocation which is 95% of your returns. The media and Wall Street want to confuse investors and make them think they can stock pick and market time, which couldn't be farther from the truth. Investing for the long term and staying invested is the only way to go. The only thing to add is rebalancing. You have to keep your risk levels in check. That in essence is buying low and selling high.
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Most Recent Customer Reviews
4.0 out of 5 stars Time to evaluate returns and portfolio
A great argument for using indexed funds and a wonderful reason for questioning your financial adviser. A must read for smart investors.
Published 2 days ago by Jose Marquez
5.0 out of 5 stars Great book
A little more complicated than his first book, but still fairly easy to understand. These are definitely the best investment books ever written for the novice.
Published 11 days ago by bawdew
5.0 out of 5 stars Great, readable advice
This guy is terrific. Each chapter is 3-4 pages long and focuses on a single point which is emphasized in bold-faced typed at the end. Read more
Published 1 month ago by Roy
3.0 out of 5 stars another investment book
this book provides the reader with a plan for investment in the stock market that stresses diversification and turning ones money over to mutual fund managers . Read more
Published 1 month ago by pirate steve
5.0 out of 5 stars Excellent
I loved the oveerall logic of the strategy and the explaination of the background that explained the statistical logic behind it.
Published 2 months ago by James McMullen
5.0 out of 5 stars Another winner by Daniel Solin
A few years ago I read Solin's The Smartest Investment Book You'll Ever Read. It was an easy read with extraordinarily good charts and graphs. Read more
Published 3 months ago by Tim
5.0 out of 5 stars Cuts through the haze
This is a another fantastic Solin book but I believe it is the best one of the group. This man understands and explains the dirty workings of the world of the "wealth manager/... Read more
Published 4 months ago by boxertwin
4.0 out of 5 stars Excellent Advice
This book provides clear and practical advice on setting up your investment portfolio. The portfolios are based on research findings and they can be implemented readily. Read more
Published 6 months ago by Neil C Matheson
5.0 out of 5 stars Science of Investing
I am grateful to Dan Solin for writing his books. The Smartest Investment Book You'll Ever Read changed my life. Read more
Published 11 months ago by investor
1.0 out of 5 stars Better books available (better investment ideas, too)
If you are a dyed-in-the-wool passive indexer, Paul Merriman's "Financial Fitness Forever" is a much better book overall. Read more
Published 15 months ago by Avid reader
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