The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life (Agora Series)

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Editorial Reviews:

Product Description
Outperform the vast majority of investment professionals while paying nothing in sales charges, brokerage fees, or commissions by modifying your investment strategy. Learn how to make your investment dreams come true with the advice in The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life, a guide that’s based on a Nobel Prize-winning investment strategy yet takes just 20 minutes to implement. Gain an understanding of the fundamental relationship between risk and reward in the financial markets and get an insider's view of how the investment industry really works.

Customer Reviews: Read 55 more reviews...

4 out of 5 stars

There are no magic bullets... September 13, 2008
63 out of 67 found this review helpful

I just finished reading this book and thought it was pretty good overall. However, as an experienced investor, I know that there are no magic bullets in investing. The book shows performance of the portfolio over the past seven or so years. In those years, the S&P 500 (domestic stocks) performed rather poorly while gold, other commodities, real estate and foreign investments did exceedingly well. This portfolio stays invested at all times in all of these asset classes.

I took the liberty of backtesting the same portfolio for the ten years preceeding the 2000's, and the S&P 500 way outperformed this portfolio. This did not surprise me given the fact that we were in a full blown bull market. Those other asset classes underperformed, some badly.

I think that the Gone Fishin Portfolio will perform relatively well in more uncertain markets. However, I am not convinced that will happen when the domestic markets rally strongly.

My point here is that the oversimplification will lure rookie investors into a false sense of security.

I am sorry, but even if you are using a broadly diversified portfolio of mutual funds or ETF's, you must pay attention and understand the weakness of such a simplified approach. You will have to spend more time on your portfolio than 20 minutes a year.

5 out of 5 stars

Must Read for Investors September 9, 2008
40 out of 48 found this review helpful

I pre-ordered my copy and I'm so glad I did. As a long time reader of Alex Green's newsletters, I knew it would be a good read and I wasn't disappointed.

Finally, a Wall Street veteran lets us in on the truth of how most investment banks really operate: Stockbrokers are better salespeople than investment advisors.

Brokers trade for commissions, insurance agents sell some of the highest-cost products in the industry, and even planners will convert a substantial portion of *your* assets into *their* assets. I've worked in financial services for years and it's pretty scary to think a 23-year old kid without much more than a Series 7 license can make investment decisions for clients!

This book draws on ideas from the philosophies of the top investors of all time - Peter Lynch, John Templeton, and Warren Buffet. They might have different investments styles, but in the end, none of them were market timers or forecasters. Alex Green repeatedly stresses the mistake of trying to time the market. And he's right.

Buy this book and take charge of your own financial future, while avoiding all the mistakes so many first-time online "day-traders" make.

5 out of 5 stars

Finally the Truth! September 8, 2008
37 out of 43 found this review helpful

Kudos to Mr. Green for exposing Wall Street in the book. I've had a feeling for years that the system is rigged against Ordinary Joe investor, but now I have proof from a Wall Street veteran. The strategy in the book -- which has beaten the market for years -- is simple, yet precise. But the best part is that Mr. Green tells you, very specifically, what to invest in! Tell me the last time you've read an investment books that does that.

5 out of 5 stars

Best way to beat the market without trying, hands down... September 8, 2008
31 out of 33 found this review helpful

Mr. Green has boiled profitable long-term investing down to a 20-minute annual exercise. And his recommended portfolio beats the market in good AND bad times. (The proof is all there.) The portfolio will not only diversify you into stocks and bonds, it will diversify you among all the major asset classes - gold, U.S. stocks, Treasuries, foreign stocks, etc. - which, as he explains, is where the magic is. He'll show you how much (in percentage terms) of your nest egg to put in each asset... as well as the specific investment to buy to get exposure to each one. (You'll also cut your investment costs by a wide margin, which really adds up.)

I've read Graham's Intelligent Investor and Security Analysis - both classics, and incredible guides on managing risk. But The Gone Fishin' Portfolio, which also, incredibly, minimizes your risk and increases your total return, tells you specifically what to buy - something you just can't get out of the classics. (Green's investments will still work 40 years from now - a true "set and forget" portfolio.) I've ordered a copy for my God daughter AND my parents... and I'm recommending it to all of my friends who still think they can beat the market willy nilly. A must read, for sure.

5 out of 5 stars

A Laid-Back Approach to Investing September 9, 2008
31 out of 40 found this review helpful

This book simplifies investing in a way that makes it possible for those who don't want to have to read the WSJ and Barron's regularly to still do well. In fact, based on the information shared in this book, watching the WSJ and Barron's may unnecessarily complicate your investment decisions.

The author has a lot of reference material that supports his approach. This book gives me hope that the "lazy" investor (Me) can still prosper.

If you have a portfolio or want to have one, read this book.

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