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The Safe Investor: How to Make Your Money Grow in a Volatile Global Economy Kindle Edition

4.7 out of 5 stars 23 customer reviews

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Length: 320 pages Word Wise: Enabled Enhanced Typesetting: Enabled

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Editorial Reviews

Review

“The Safe Investor is an excellent contemporary discussion about the best practice choices individual investors can make to secure their financial future. It also shows you the mechanical steps you need to take to do this process safely. The book is based on realistic outcomes and shows you how you can grow your nest egg at a reasonable rate of return without taking on too much risk.

This type of actionable information is what a lot of finance books are missing. And McCarthy's focus on actionable implementation make the ideas in The Safe Investor all that more valuable. This is money management best practice, and certainly worth reviewing if you aren't already up to speed.” ―Stock Ideas

About the Author

Timothy F. McCarthy has the unique experience of heading up three of Asia's largest financial services firms, Nikko Asset Management Co., Goodmorning Securities, and Jardine Fleming UT. He has also served as President and COO of The Charles Schwab Corporation and President of the Fidelity Investment Advisor Group.

Product Details

  • File Size: 4912 KB
  • Print Length: 320 pages
  • Publisher: St. Martin's Press (February 4, 2014)
  • Publication Date: February 4, 2014
  • Sold by: Macmillan
  • Language: English
  • ASIN: B00HBQRLBC
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #815,287 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Hardcover
This is a special book. It’s special because it explains investment concept in simple language, and tries to give average people an ability to understand how the markets work.

The author shares from his life experiences, where not everything turned out right. With bonds in the 1970s, what was ordinarily a safe investment turned into “Certificates of Confiscation,” as inflation and interest rates rose.

The author is careful to point out the difference between fake diversification and true diversification. False diversification has a large number of positions that are related, like owning many tech stocks from 1998-2003, or many financial and housing stocks 2005-2009.

True diversification means there is not some hidden factor that can affect your whole portfolio. The author argues that we need a broad array of investments in the portfolio to diversify results, reducing volatility, so that the investment program can continue until the target is reached.

Th author also argues that investors need to dig into the guts of what they are investing in. Who is the custodian? Are my assets safe from commingling with the assets of others? (Think of MF Global or Madoff.) Is there any factor that could cause a substantial fraction of my assets to be significantly impaired? As an example, what if you live to an old age? Will you outlive your assets? For most Baby Boomers, that is a significant risk that is under-appreciated.

The author, who managed two significant asset management firms in his career, encourages readers to do detailed checks on any active managers they hire (like me). Analyze their methods, their incentives, their character, and more.
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Format: Hardcover Verified Purchase
We learn from experience. In investing, that experience usually comes from painful mistakes, where we lose money to learn a lesson. Much better if we can learn how to invest without having to lose our money first.

Tim McCarthy gives us that chance. He draws on a career's worth of experience at the very top of top financial services firms around the world where he focused on asset management, and particularly on dealing with investment advisors--those people working on the front lines to help their clients with their investment portfolios. Plus he adds his own personal experiences, particularly poignant are his stories of his mother and her money issues, in investing and dealing with money. With that wealth of experience, he can help us make good decisions about money without having to make mistakes to learn hard lessons.

As the title indicates, this book is for the safe investor. If you are looking for big returns on your money, and are willing to take the high risks that come with those high rewards, you will want to look elsewhere. Same thing if you want to get into quantitative analysis and detailed research. But if you are looking for better returns than you get from sticking money in a mattress, if you are willing to take moderate risk to get moderate returns, and if you just want to educate yourself enough to feel that you are doing a reasonable job as an investor, you could not find a better book.

One thing that helped me in particular from the book was that investing in emerging markets can make sense for the safe investor. Tim McCarthy looks at various countries to sort out the pros and cons of investments there. Few Americans know much about investing in any country outside the United States.
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Format: Hardcover
The Safe Investor explains complex financial terms in an interesting semi-autobiographical format. Tim touches the emotional side of finance from the first person perspective while describing his experiences. He clearly has rich and vast experience in global investing to bring out rich narratives from all over the world.

The most important message of the book is about risk management. We usually think about risk management by diversifying holdings in a portfolio but Tim takes it on a whole new level by explaining SPOF (single point of failure) concept. He suggests triangulation and checks from various sources to avoid Bernie Madoff kind of scenarios. The book has lots of practical wisdom to help an investor grow rich slowly. The book’s website also offers practical tools and checklists to help an investor in due diligence of an Advisor, and monitor the relationship with an advisor on regular basis.

Tim also shared his own portfolio on his website which reflects his message in the book about diversification. Moreover, he highlights the risk of outliving your investments which is highly relevant for baby boomers. The summaries at the end of each
chapter are useful for a quick review.
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Format: Hardcover
When a publicist asks me if I want to review a book about investing, MEGO--My Eyes Glaze Over. I usually resist the impulse, but book publicist Anna Sacca has never steered me wrong so I agreed to read and review Timothy F. McCarthy's "The Safe Investor: How to Make Your Money Grow in a Volatile Global Economy" (Palgrave MacMillan, 320 pages, notes, index, $30.00, also available in a Kindle edition).

McCarthy goes into great detail about how to get information, how to pick an investment advisor, how to invest -- and much, much more, including how to avoid fraudsters like Bernie Madoff. At the end of each chapter, he summarizes in bullet points the lessons that should be learned in the chapter. This made it easy for me to glean the information necessary to follow a "safe investor" plan.

If you watch any TV, log on to the web or read a print newspaper, you'll quickly discover that Investing information is everywhere; there are blogs, newspapers, magazines, and cable TV shows all dedicated to helping individuals invest in smarter and more successful ways.

Yet despite all the efforts to educate the public on investing, McCarthy writes that most people still feel uncomfortable with how they should actually invest their money.

Recent predictions about slowing economic growth, historically low interest rates, and volatile markets have investors scratching their heads about what to do with their money. And more than ever, people are scared about whether they can grow their money enough to last through their lifetime.

Timothy McCarthy has spent the last 30 years in the US and overseas providing investment solutions to individuals and their advisors.
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