- Hardcover: 289 pages
- Publisher: Fairfield Pr; First Edition edition (January 2000)
- Language: English
- ISBN-10: 0966587308
- ISBN-13: 978-0966587302
- Product Dimensions: 1 x 6.2 x 9.5 inches
- Shipping Weight: 1.4 pounds
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Best Sellers Rank: #944,963 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
The Terrible Truth About Investing: How to Be a Savvy Investor Hardcover – January, 2000
Customers Who Bought This Item Also Bought
Top Customer Reviews
Once discovered this text will become an investment classic. For the average investor it will challenge your thinking, present some very valuable insights that otherwise might be ignored, and reinforce some sound principles of investing.
Following an introductory examination of the long-term performance among various asset classes and the risks to investors posed by inflation, Bruce Temkin then delves into the impact of taxes upon real investment rates of return. He then aids the investor in understanding market volatility and various types of risks. Additional insights follow in his frank discussion of personal risk factors, investment time horizons, the role of (and limits of) diversification, and the role emotions can play in making investment decisions. Charts and graphs throughout the 258 pages help explain and reinforce the concepts presented.
Throughout this book Bruce Temkin challenges us to carefully consider the steady diet we have been fed of misleading historical charts, the illusion of "average" rates of return, and longevity statistics. Mr. Temkin effectively explains why both "conservative" and "aggressive" investment portfolios can be far riskier than many investors think, and why investment portfolios should be (and must be) rebalanced periodically.
The author scatters various insights throughout the easy to follow text - precious nuggets to absorb, contemplate, and apply to your individual situation.Read more ›
This is not a book about how to buy stocks and bonds. It will not tell you what mutual fund to buy. What is does contain is a very good explication of what is actually known about investing strategy, based on the historical data as first assembled and analyzed by Ibbotson and Sinquefield in the early 1970s. The information on offer here is especially valuable at a time when more and more of us are responsible for saving enough for our retirement needs. Among other useful things, this books explains: why you may need more money for retirement than you think; why you may not be as diversified as you think; why your investments may be riskier than you think (or, perhaps, thought, up until the last three years); how diversification can reduce but not eliminate risk; why investment mixes with higher volatility can reduce your total returns; why you have an investment strategy even if you don't think you do; why the handy investment software programs you find on the Internet may be misleading you about your retirement savings needs; why life cycle investing advice is often oversimplified; and, perhaps most importantly, why your psychological reactions to swings in the markets may cause you to make bad decisions.Read more ›