TABLE OF CONTENTS:
Acknowledgements
Dedication
Preface
Part I: Lessons from Investors
Chapter 1: The Day I Became and Adult: How Low Risk became High Risk
Chapter 2: Diagnoses for My Doctor: Diversifying can be tricky
Chapter 3: Dieting and Investing: A Broad Range of Ingredients will Keep Your Portfolio Healthy Chapter
4: Single Points of Failure (SPOF): How to Guard Against Financial Catastrophes
Chapter 5: My Randy Old Grandfather: What if you Live?
Chapter 6: It’s About Time: Understanding Financial Cycles So You Invest for the Long Haul
Chapter 7: How Am I Doing: How to Evaluate Fund and Portfolio Data?
Chapter 8: Balancing Greed versus Fear: Understanding the Emotions of Investing
Chapter 9: The Reversal of Nations: How Global Diversification is the New Safe
Part II: Investing Solutions
Chapter 10: Your Three Pockets: A Tool for Managing Money and Emotions
Chapter 11: The Risk Prism
Chapter 12: What’s Inside Your Pockets?
Chapter 13: Beyond Borders: Understanding How to Invest in International Markets
Chapter 14: What about your personal portfolio? – How to build and monitor your portfolio
Part III: FINDING THE ADVISOR YOU CAN TRUST
Chapter15: Who is Most Dangerous? It’s Who You Least Suspect
Chapter16: Where Do I Go For Advice? Brokers, Banks, Independent Investment Advisors, Financial Planners -Which one is right for me?
Chapter 17: The Naked Advisor: How Do I Select the Person?
Part IV: Final Words of Advice
Chapter 18: Final words of Advice – The Seven Critical Lessons
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Index
Yawn, and I only say that because I got here first.
Bob, McCarthy points out that many of us will live into our 90s. Unless we invest, those late years will be financially grim.
George, I don’t understand finance but I read about it because, as a newspaperman, I’m supposed to read everything.
Prashant, I’m impressed with the range of your reading. Fiance keeps changing so I’m constantly reading it about it. I subscribe to the WALL STREET JOURNAL, THE ECONOMIST, and BARRONS. What happens in finance affects everyone eventually.
What is your assessment of the book? Some of those chapter titles sound a little too cutsie for me. I like my financial advice to be no-nonsense!
Deb, most of the chapters in THE SAFE INVESTOR can be read by most people with clarity. McCarthy gets a little technical at times, but you can safely just skip over that material. The essence of his financial message is fairly simple and clear.
We perhaps wrongly allow Merrill Lynch to make most decisions. We have removed our money from most high-risk funds in the last few years. However, getting at that money is difficult without paying huge taxes.
Patti, whatever you can rollover into Roth IRAs will free you from future taxation. And you can have Merrill Lynch convert some of your investments into tax-free municipal bonds. The IRS won’t like those financial moves but they will save you money.
We’ve got IRAs and still have a certain amount of money in TDAs from Jackie’s school days. We’re also getting a hell of a lot more interest in that than any bank would give us. And we have investment accounts that are doing well. I do often feel that we don’t know what we’re doing but our current investment guy is pretty good.
Jeff, sounds like you and Jackie are set financially. But plenty of our friends are not. Many retired at 55 and now, 10 years later, they’re running out of money.
“Safe” and “investment” seems like an oxymoron these days.
Rick, no risk no reward. But, most of us don’t want to take on a lot of risk at this time in our lives. But there are relatively “safe” investments to keep up with inflation.