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Never Buy Another Stock Again David Gaffen

Never Buy Another Stock Again By David Gaffen

Never Buy Another Stock Again by David Gaffen


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Summary

Readers will discover why individual stocks are now a terrible investment, then learn how to create a holistic, "big picture" portfolio that balances cash, real estate, retirement funds, savings, and carefully limited roles for mutual funds and ETFs.

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Never Buy Another Stock Again Summary

Never Buy Another Stock Again: The Investing Portfolio that Will Preserve Your Wealth and Your Sanity by David Gaffen

Want to build long-term, sustainable wealth? Then stay out of the stock market!

That's radically different advice from what the "experts" have served up for decades... but look at the miserable results those pundits have delivered! Investors who've chosen equity-based buy-and-hold approaches have seen their assets decline dramatically: not just for a year, but often for decades. Fortunately, there are better ways to invest - and Never Buy Another Stock Again reveals them.

Renowned Reuters financial journalist David Gaffen first explains why stocks are an even worse short- and long-term investment than you realize. Next, he shows how to create a balanced portfolio that reflects a "big-picture," holistic approach, intelligently incorporating cash, real estate, retirement funds, savings, and other holdings. Gaffen's strategies rely primarily on investments outside the stock market, while identifying strictly limited roles for mutual funds and ETFs. Readers will learn how to: dramatically reduce investing costs that can kill your returns; invest in an environment where double-digit returns can never be expected; overcome huge flaws in conventional diversification strategies; and offset risks associated with existing equity ownership.

About David Gaffen

David Gaffen has been covering the ups-and-downs of the financial markets for 15 years. He is currently an editor at Reuters, overseeing a team that reports on the stocks, bonds and foreign exchange markets. He was the founding writer and editor of the Wall Street Journal's MarketBeat blog, which he wrote for more than three years, and was nominated for an Editor and Publisher Eppy Award. He has made numerous TV and radio appearances, including Fox Business, CNN International, and NPR. He lives in Westchester County, New York, with his wife and two children.

While this book was written during his tenure as a Reuters editor, Reuters has not been involved with the content or tone of this book, which are his responsibility alone.

Table of Contents

Introduction 1

Chapter 1: Starting Over 5

Chapter 2: Advice to Ignore 33

Chapter 3: Love Your Emotions, Don't Trade Them 57

Chapter 4: Investment Strategies That Turn Into Portfolio Nightmares 73

Chapter 5: You Have More Options Than Just Sucking It Up and Accepting Losses 97

Chapter 6: When Diversification Does Not Diversify 117

Chapter 7: Buying a Portfolio-And Selling It 141

Chapter 8: ETFs: A Stock By Any Other Name 163

Chapter 9: Crude and Rude: Commodities, Bonds, and Everything Else You Should (and Shouldn't) Buy 177

Chapter 10: Putting It All Together 189

Chapter 11: The Outlook for the Future 211

Bibliography 229

Additional information

CIN0137071558G
9780137071555
0137071558
Never Buy Another Stock Again: The Investing Portfolio that Will Preserve Your Wealth and Your Sanity by David Gaffen
Used - Good
Hardback
Pearson Education (US)
2010-11-23
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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