- Paperback: 304 pages
- Publisher: Wiley; 1 edition (January 25, 2011)
- Language: English
- ISBN-10: 9780470919033
- ISBN-13: 978-0470919033
- ASIN: 0470919035
- Product Dimensions: 5.1 x 0.9 x 8.3 inches
- Shipping Weight: 11.2 ounces (View shipping rates and policies)
- Average Customer Review: 126 customer reviews
- Amazon Best Sellers Rank: #80,306 in Books (See Top 100 in Books)
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How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn Paperback – January 25, 2011
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‘…one financial insider’s efforts to createanother financial insider from scratch. This book has charm andintelligence in spades.’(Accounting Technician,January 2011).
“If you’d like to learn more about what makes good (andsimple) investing, Roth’s 2009 book, How a Second-GraderBeats Wall Street, is a good start and a must for any indexinvestor’s library.”
—Scott Burns, AssetBuilder
From the Back Cover
Praise for HOW A SECOND GRADER BEATS WALL STREET
"Allan Roth's How a Second Grader Beats Wall Streetreminds us that the most important investment principles areactually simple truths that we lose sight of as our livesandinvestment approaches grow more complicated."
—Don Phillips, Managing Director, Morningstar,Inc.
"Meet Kevin Roth: financial savant, successful money manager,and second grader. Kevin, you see, possesses several unfairadvantages over the rest of us: he doesn't read the Wall StreetJournal, worry about the economy, or watch James Cramer (well,maybe he does, but only with the sound off). But he solidlyunderstands the principles of investment management. How aSecond Grader Beats Wall Street can be consumed almost asquickly and enjoyably as the chocolate milk on Kevin's lunchtray."
—William Bernstein, author of The Four Pillars ofInvesting and The Investor's Manifesto
"One of the greatest gifts any author can bring to their readersis the ability to capture simplicity from complexity and convey theessence in a readable, understandable fashion. Allan Roth does thatwith How a Second Grader Beats Wall Street. His book willhelp readers realize that fads and fashion are trumped by thesteady, less risky returns that come from rational diversificationand a disciplined commitment to it. Everything in Roth's book hasspecial relevance in today's turbulent and treacheroustimes."
—George G. C. Parker, Dean Witter DistinguishedProfessor of Finance, Emeritus, Stanford Business School
"Don't be put off by thinking the title is too cute. The greatlessons of life are simple (but, as Warren Buffett advises, noteasy). If you follow these important rules, successful investing is'child's play.'"
—Charles D. Ellis, author of Winning the Loser'sGame and coauthor of The Elements of Investing
"The 'Second Grader's Starter Portfolio' is one of the eightgreat 'Lazy Portfolios' we feature and update on DowJones/MarketWatch. Why? Because it's a winner, regularly beatingthe S&P 500. It's perfect for all Americans, young andyoung-at-heart, who are starting small and want to retire amillionaire someday."
—Paul B. Farrell, JD, PhD, author of TheMillionaire Meditation
"You can make investing as complicated as you want. Or you canmake it simple. The beauty of Kevin Roth's elegantly reasonedapproach is not just that it's clearer and easier to execute thanmost investing advice today. It's also that, in the long run, it'slikely to put more money in your pocket."
—Eric Schurenberg, former managing editor,Money magazine
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Then, a few weeks ago, I picked up Allan Roth's book. Mr. Roth has a engaging writing style - this book tells the story of his son, who received some money from a relative, and how he used this gift to teach him lessons about building a solid portfolio.
In How a Second Grader Beats Wall Street, Mr. Roth walks us through those same lessons: finding solid but reliable returns through no load mutual funds, keeping an eye on taxes while investing and staying the course by not jumping in and out of investments. Keep it simple, he says.
And so, for the first time, I discovered a book that made sense to me. I finished this small guide and was able to develop a very simple outline of what I could do with my savings and retirement funds. I feel comfortable with my decisions and now know the steps I needed to take to get my funds in the right places. I will be putting that plan into place this upcoming week and look forward to "staying the course."
If you are someone who is tired of trying to interpret thousands of financial "experts" recommendations into a simple and effective plan for your money, whether you have $1000 to spare or $10,000, buy this book. I think you won't regret it.
60% Total U.S. stock market index
30% international stock market index
10% Bond index
I also like the advanced 2nd grader portfolio:
54% Total US Stock market index
27% Total international stock index
10% Total Bond index
6% Total REIT index
3% Precious metals fund
After continuing my education a bit with other texts, I continue to be thankful for Roth, who explained everything so simply and clearly that I was able to grasp the basic concepts of investing, especially in regards to mutual funds, from the first page. His logic and reasoning made sense, and allowed me to start the conversation about financial planning with my family.
That being said, I don't recommend ENDING your education with the second grader book. In keeping everything simple, there are a lot of things that Roth wasn't able to add to the book - it wouldn't have been appropriate for this project! - so there's lots more to see and learn about.
To sum up - great start, clearly written, good basic rules and foundation for investing.