Top positive review
One of the Best Investment Books on Index Investing
Reviewed in the United States on March 10, 2014
This author writes in a straight forward easy to comprehend style and makes a very compelling case as to why Passive Index Investing using low cost index funds from Vanguard or Schwab that include diversifying using different asset classes such as Total US Market, Large Cap, Small Cap, Europe, REITS, Pacific, Short Duration Bonds, Emerging Markets, etc. and re-balancing once or twice a year is for the vast majority of retail investors is the only sure way to most closely match the market benchmarks such as the S&P 500. I just wish I would have become familiar with this strategy 25 years ago. You can use this strategy by purchasing either Index Funds such as ETF's in your non- retirement account and Index Fund Mutual Funds in your retirement accounts. Begin by determining your risk profile such as 40% Bonds and 60% stocks, diversify using the asset classes, buy and hold, and re-balance. This author is a terrific writer and his series of books - the Smartest... are all very noteworthy.
Every new and experienced investor should read this book. It is a real eye-opener. You will learn that even the professional money managers are unable to consistently pick winning stocks and time the market. So if they can not successfully match or beat the market benchmarks, how in the world can a retail investor? That is why purchasing low cost Index ETF or Mutual Funds are the best way to manage risk and diversify by purchasing the entire market within each asset class. You must read this book and his previous book "The Smartest Investment Book You'll Ever Read!
A terrific web site that I used to further educate myself on Index Investing is the website for Index Fund Advisors located in Newport Beach, CA which will manage your portfolio for you using the Index Fund strategy discussed in this book. IFA manages a portfolio of over 1.8 Billion dollars. Take a look at their website, it is very detailed and quite impressive.
I purchased this book used in hardback from an Amazon re-seller at 60% the suggested price of the book!