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The Safe Investor: How to Make Your Money Grow in a Volatile Global Economy Hardcover – February 4, 2014
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“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.
Top customer reviews
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. With his international experience--he headed up large financial firms in Hong Kong, Seoul and Tokyo, as well as being a top executive at Schwab and Fidelity--Tim McCarthy can help us feel comfortable looking for richer returns in some of the emerging markets while still remaining safe investors.
Experienced investors who have already done a lot of reading and research on investments may not find as much in this book to help them. The Safe Investor is not a textbook. The book was written to be readable, and to teach through stories and fairly simple principles--like using three pockets for your investing--rather than to collect cutting-edge research. But particularly for those who want to get more comfortable about investing by becoming more knowledgeable, while wanting to avoid the pain that comes with learning from their own mistakes, The Safe Investor may be the best bet out there.
Written language that can be understood by anyone with enough resources to be concerned about managing them for their retirement on the next generation.