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How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn (9780470919033): Allan S. Roth: Books. 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... They love to buy high and sell low. They buy after the market is up and then panic and sell when the market falls. 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. They believe anything they want to believe. Why would sophisticated people give Madoff $50 billion without knowing what he was doing wi ‘…one financial insider's efforts to create another financial insider from scratch. This book has charm and intelligence in spades.' (Accounting Technician, January 2011).
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