How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

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9780470919033: How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

Straightforward strategies from a successful young investor

In How a Second Grader Beats Wall Street, you'll follow the story of Kevin Roth, an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth, and discover exactly how simple it can be to become a successful investor. Page by page, you'll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial freedom by a decade and dramatically increase your spending rate during retirement. And all this can be accomplished by using some common sense techniques.

Along the way, Kevin and his dad discuss fresh, new approaches to investing, and detail some tried-and-true, but lesser known approaches. They also take the time to debunk the financial myths and legends that many of us accept as true, and show you what it really takes to build long-term wealth with less risk.

  • Discusses how to design a portfolio composed of a few basic building blocks that can be "tweaked" to fit your personal needs
  • Addresses how you can reengineer your portfolio in order to stop needlessly paying taxes
  • Reveals how you can increase returns, regardless of which direction the market goes, by picking the "low-hanging fruit" we all have in our portfolios

With just a little time and a little work, you can become a better investor. With this book as your guide, you'll discover how a simpler approach to today's markets can put you on the path to financial independence.

"Sinopsis" puede pertenecer a otra edición de este libro.

Review:

Investing is simple, but never easy. We carry a lot of investment baggage, including hot tips from friends and the financial media, as well as complicated financial recommendations from Wall Street "experts." Yet, the biggest obstacle we face is the tendency to outsmart ourselves.

In order to overcome that obstacle, you need to follow straightforward strategies that will consistently push your portfolio ahead of the pack by an additional 3 to 4 percent annually. These are strategies that work in up markets, and especially in times of market crisis and panic. Most importantly, these strategies are basic enough for even a kid to understand.

In How a Second Grader Beats Wall Street, you'll follow the story of Kevin Roth—an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth—and discover exactly how simple it can be to become a successful investor. Page by page, you'll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial freedom by a decade and dramatically increase your spending rate during retirement. And all this can be accomplished by using some commonsense techniques.

Along the way, Kevin and his dad discuss fresh new approaches to investing, and detail some tried-and-true but lesser-known approaches. They also take the time to debunk the financial myths and legends that many of us accept as true and show you what it really takes to build long-term wealth with less risk. You'll also learn how not to confuse the unlikely with the impossible.

Whether you're young or young-at-heart, the straight-talking advice found here will help you:

  • Design a portfolio composed of a few basic building blocks that can be "tweaked" to fit your personal needs
  • Go beyond indexing, which owns the entire market, and actually beat the market
  • Reengineer your portfolio to stop needlessly paying taxes
  • Increase your return, regardless of which direction the market goes, by picking the "low-hanging fruit" we all have in our portfolios

Engaging and insightful, How a Second Grader Beats Wall Street takes you through Kevin Roth's real-life story, while driving home key strategies and tools you can implement in your own portfolio. With just a little time and a little work, you can become a better investor. With this book as your guide, you'll discover how a simpler approach to today's markets can put you on the path to financial independence.

10 Dumb Things Adults Do With Their Money

By second grade, we all learn some simple and truthful lessons about the world around us and how to navigate it. As life goes on, however, what we continue to learn is less about making us smart and more about making us outsmart ourselves in investing.

Adulthood apparently brings with it the feeling that important matters, such as our money, are too important to deal with simply. Why go back to the basics when there is the sophisticated, complex path to take? Sure, continuing on such a path offers a 99.9% certainty of underperforming simplicity, and will also set our retirement goals back by a couple of decades, but isn’t that how grownups invest? Unfortunately, yes. There are many dumb things that adults do...

  1. They love to buy high and sell low. They buy after the market is up and then panic and sell when the market falls.
  2. They play important games without understanding the rules. Any kid knows that if you don’t understand how a game is played, you can’t win at it. Same goes for buying a product that has a 471 page disclosure document no one can understand.
  3. They believe anything they want to believe. Why would sophisticated people give Madoff $50 billion without knowing what he was doing with the money?
  4. They pass over the low hanging fruit in favor of the fruit that is way out of reach, if it is reachable at all. They are so busy chasing their tails and trying to find that mythical person who will beat the market, that they miss the easy stuff right in front of them that will make them money, no matter what the market does.
  5. They think strangers want to help them. We teach our children the dangers of talking to strangers, then turn around as adults and hand over our nest egg to strangers that claim they want to help us. They’re helpful alright, helpful in transferring our money to them.
  6. They constantly complain about taxes, but pay more than they need to. It’s so easy to lower taxes when it comes to investing, why do adults go out of their way to pay more? Though with our current deficit spending, this may be okay.
  7. They lend money to people who they know can’t pay it back. Like a really bad chain letter, they sell the loans to other adults who think they are going to get their money back.
  8. They follow the herd. Like heat-seeking missiles, they go after whatever has been hot. They get into markets like China and India just in time to see them collapse. Remember the rule “don’t put all of your eggs in one basket?”
  9. They watch too much financial TV. Conventional wisdom tells us that a little knowledge is a dangerous thing, but so is too much information. Especially when it comes from the screaming, sound effect guy. Believing that the gurus on TV actually have a good track record and are giving good advice, is folly with a capital “F.”
  10. They spend their investing lives in a futile attempt to disprove second grade arithmetic. They think 10 - 2 = 12, as in if the market earns 10% and they pay helpers 2% of that return, then they will get 12%. Anyone knows 10 - 2 = 8.

Adults seem to love to overcomplicate things. Only really smart adults seem to get it. As Albert Einstein said, “If you can’t explain it simply enough, you don’t understand it well enough.” This book will show you how to simply profit from those sophisticated investors who will never again understand the simplicity of truth they once knew when they were in second grade.


From the Back Cover:

Praise for HOW A SECOND GRADER BEATS WALL STREET

"Allan Roth's How a Second Grader Beats Wall Street reminds us that the most important investment principles are actually simple truths that we lose sight of as our lives andinvestment 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 unfair advantages over the rest of us: he doesn't read the Wall Street Journal, worry about the economy, or watch James Cramer (well, maybe he does, but only with the sound off). But he solidly understands the principles of investment management. How a Second Grader Beats Wall Street can be consumed almost as quickly and enjoyably as the chocolate milk on Kevin's lunch tray."
William Bernstein, author of The Four Pillars of Investing and The Investor's Manifesto

"One of the greatest gifts any author can bring to their readers is the ability to capture simplicity from complexity and convey the essence in a readable, understandable fashion. Allan Roth does that with How a Second Grader Beats Wall Street. His book will help readers realize that fads and fashion are trumped by the steady, less risky returns that come from rational diversification and a disciplined commitment to it. Everything in Roth's book has special relevance in today's turbulent and treacherous times."
George G. C. Parker, Dean Witter Distinguished Professor of Finance, Emeritus, Stanford Business School

"Don't be put off by thinking the title is too cute. The great lessons of life are simple (but, as Warren Buffett advises, not easy). If you follow these important rules, successful investing is 'child's play.'"
Charles D. Ellis, author of Winning the Loser's Game and coauthor of The Elements of Investing

"The 'Second Grader's Starter Portfolio' is one of the eight great 'Lazy Portfolios' we feature and update on Dow Jones/MarketWatch. Why? Because it's a winner, regularly beating the S&P 500. It's perfect for all Americans, young and young-at-heart, who are starting small and want to retire a millionaire someday."
Paul B. Farrell, JD, PhD, author of The Millionaire Meditation

"You can make investing as complicated as you want. Or you can make it simple. The beauty of Kevin Roth's elegantly reasoned approach is not just that it's clearer and easier to execute than most investing advice today. It's also that, in the long run, it's likely to put more money in your pocket."
Eric Schurenberg, former managing editor, Money magazine

"Sobre este título" puede pertenecer a otra edición de este libro.

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Descripción Wiley. Paperback. Estado de conservación: New. Paperback. 288 pages. Dimensions: 8.1in. x 5.1in. x 0.9in.Straightforward strategies from a successful young investorIn How a Second Grader Beats Wall Street, youll follow the story of Kevin Roth, an eight-year-old who was schooled in simple approaches to sound investing by his father, seasoned financial planner Allan Roth, and discover exactly how simple it can be to become a successful investor. Page by page, youll learn how to create a portfolio with the widest diversification and lowest costs; one that can move up your financial freedom by a decade and dramatically increase your spending rate during retirement. And all this can be accomplished by using some common sense techniques. Along the way, Kevin and his dad discuss fresh, new approaches to investing, and detail some tried-and-true, but lesser known approaches. They also take the time to debunk the financial myths and legends that many of us accept as true, and show you what it really takes to build long-term wealth with less risk. Discusses how to design a portfolio composed of a few basic building blocks that can be tweaked to fit your personal needsAddresses how you can reengineer your portfolio in order to stop needlessly paying taxesReveals how you can increase returns, regardless of which direction the market goes, by picking the low-hanging fruit we all have in our portfoliosWith just a little time and a little work, you can become a better investor. With this book as your guide, youll discover how a simpler approach to todays markets can put you on the path to financial independence. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Nº de ref. de la librería 9780470919033

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