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The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different (Little Books. Big Profits 31) Kindle Edition
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From the Inside Flap
Are you underwhelmed with the way your traditional 60/40 portfolio has been performing lately and wondering why? Do you suspect there might be better ways to invest your money, but aren't sure what they are? What about all those "alternative" investments you keep hearing so much about in the media, such as commodities, real estate, emerging market funds, and, of course, that darling of pirates, Medieval monarchs, and radio talk-show hosts everywhere: gold? And how about the legion of new financial products Wall Street keeps spawning like kudzuexotic creatures with strange-sounding names like "replicants," "100/30s," and "buy/write" funds? How do they work, and do any of them make sense for you?
The Little Book of Alternative Investments gives you complete, detailed answers to all those questionsand a whole lot more. Like a pair of trusty native guides, bestselling investment authors Ben Stein and Phil DeMuth clear a path through the alternative investments jungle. They identify the flora and fauna, stopping along the way to tell you which ones are safe to consume and which ones will consume you, if given half a chance. And they explain in plain English, not Wall Street Swahili, how each product or class of products works (or doesn't work), and how each can be used to help you reduce risk and boost returns.
Just as important, if not more so, Ben and Phil arm you with proven portfolio management strategies that take full advantage of the best of the best alternative products out there. No matter what your budget, level of experience, or tolerance for risk, you'll discover how to use everything from REITs and futures to hedge funds and hedge fund-like mutual funds to shield your money from the bubble-and-bust, hurly-burly of the markets and come out ahead, in all economic climates.
Making the technical simple, the arcane accessible, and the dry laugh-out-loud funny, The Little Book of Alternative Investments is your guide to taming the alternative investments jungle and cultivating an investment portfolio that consistently delivers better-than-market risk-adjusted performance.
From the Back Cover
"Ben and Phil have done it again. Another lucid, insightful book, designed to enhance your wealth! In today's stock-addled cult of equities, there is a gaping hole in most investors' portfolios...the whole panoply of alternative investments that can simultaneously help us cut our risk, better hedge our inflation risk, and boost our return. This Little Book is filled with big ideas on how to make these markets and strategies a treasured part of our investing toolkit."
―Robert Arnott, Chairman, Research Affiliates
"I have been reading Ben Stein for thirty-five years and Phil DeMuth since he joined up with Ben ten years ago. They do solid work, and this latest is no exception."
―Jim Rogers, author of A Gift to My Children
"If anyone can make hedge funds sexy, Stein and DeMuth can, and they've done it with style in this engaging, instructive, and tasteful how-to guide for investing in alternatives. But you should read this Kama Sutra of investment manuals not just for the thrills, but also to learn how to avoid the hazards of promiscuous and unprotected investing."
―Andrew Lo, Professor and Director, MIT Laboratory for Financial Engineering
- ASIN : B004NSVH8O
- Publisher : Wiley; 1st edition (February 25, 2011)
- Publication date : February 25, 2011
- Language : English
- File size : 2518 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 289 pages
- Lending : Enabled
- Best Sellers Rank: #640,522 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
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Fortunately the book is old enough you can check the 10 years of real performance of their recommended alternative investments. The vast majority of the alternative funds performed poorly and many have been closed. The symbols are no longer valid. This really proves their recommendation to focus on core holdings and not risk much on alternatives.
Buy a used copy and read for education on alternative investments.