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The lazy person's guide to investing : a book for procrastinators, the financially challenged, and everyone who worries about dealing with their money
Farrell, Paul B.
| Publisher: |
Warner Books, |
| Pub date: |
c2004. |
| Pages: |
xxvi, 307 p. ; |
| ISBN: |
0446531685 |
| Copy info: |
16 copies available at Aspen Hill Library, Bethesda Library, Chevy Chase Library, Damascus Library, Davis Library, Marilyn J. Praisner Library, Gaithersburg Library, Little Falls Library, Potomac Library, Quince Orchard Library, Rockville Library, Twinbrook Library, Wheaton Library, and Longbranch Library.
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At last, a book perfectly designed to deal with the common anxieties most people have about handling their financial investments-without taking up all of their time. In today's volatile market, jittery nerves are the normwhen it comes to saving and investing for the future. But with these keep-it-simple, easy-to-understand, and time-tested strategies that-best of all-take very little time or energy to maintain, readers can relax. Dr. Farrell has reviewed all of the successful investment strategies and distilled them so that even the most inexperienced investor can plan a successful financial strategy.
Distributed by Syndetic Solutions, Inc.
Popular CBS Marketwatch columnist Farrell provides a thoroughly enjoyable and straightforward look at what he sees as "the future of investing"-"simple lazy portfolios that'll work for anyone and are easy to understand." He provides three different model portfolios based on one simple formula: "rock-solid, easy-to-understand asset allocation using no-load index funds." Farrell is a huge proponent of no-load funds such as the Vanguard 500 Index, which tracks the Standard & Poor 500 listing of America's largest companies, and the Vanguard Total Bond Market Fund Index, which matches the performance of the Lehman Brothers Aggregate Bond Index. Farrell persuasively argues that the strong long-term performance of these funds, even during hard market times-along with the strong performance of other Vanguard index funds such as those for large-cap and small-cap value-proves that "the only rational strategy" for the vast majority of America's 94 million mutual fund investors is "a simple buy 'n' hold strategy" that diversifies portfolio assets across multiple categories of assets. Packed with clear examples of how regular people can easily handle their own investments, Farrell's guide also takes on other sacred cows, such as Wall Street's belief that brokers know more than you do, and provides an exciting and illuminating section on no-load stocks, or DRIPs, which he calls "Wall Street's best-kept secret." (Jan.) Copyright 2003 Reed Business Information.
From: Reed Elsevier Inc.
Copyright Reed Business Information
Paul B. Farrell, J.D., Ph.D., is an investment columnist with CBS MarketWatch, for whom he's written over 1,100 columns that are often syndicated
Distributed by Syndetic Solutions, Inc.
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Introduction: America's Laziest Portfolios |
p. xi |
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Part 1. The Contest Winners |
p. 1 |
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1. The Couch Potato Portfolio Is Microwavable |
p. 9 |
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2. The World-Famous Coffeehouse Portfolio |
p. 15 |
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3. Dr. Bernstein's No-Brainer Portfolio |
p. 23 |
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4. A Challenger Jumps in Ring! Scores on Points |
p. 29 |
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Part 2. Recess Fun: Testing the six Laziest Strategies |
p. 43 |
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5. Strategy 1: Zero Timing Wins |
p. 51 |
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6. Stragegy 2: Frugal Saving Wins |
p. 61 |
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7. Strategy 3: Compounding Wins |
p. 70 |
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8. Strategy 4: Asset Allocation Wins |
p. 78 |
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9. Strategy 5: Buy'n'hold Wins |
p. 88 |
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10. Strategy 6: Do-It-Yourself Wins |
p. 97 |
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Part 3. Six More Boring, Lazy Portfolios for America |
p. 103 |
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11. The Dummies Ultimate Keep-It-Simple Portfolio |
p. 113 |
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Distributed by Syndetic Solutions, Inc.
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