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Book: The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals :: Robert Kiyosaki|Books :: Book
Date: Thursday, 28 August, 2008 :: 00:07
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The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals
List Price: USD $19.95
from USD $4.99
Product Group: book
Manufacturer: Perigee Trade
Studio: Perigee Trade
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Editorial Review: Product Description
Achieve financial security in 90 minutes or less.
Daniel Solin cuts through financial propaganda to show readers exactly how assets should be invested, using trusted, brand name fund managers like Fidelity and Vanguard. Solin's easy-to-follow plan allows investors to create and monitor their portfolios in 90 minutes or less a year, explaining how to assess risk and how to allocate assets to maximize returns and minimize volatility. Readers will also learn how to avoid the biggest mistakes investors make, from buying into media hype to giving their hard earned cash to hyperactive brokers and investment advisors.
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Reviews:
Average Customer Review: 
Summary: AVOID THIS BOOK
Date: 2008-08-20 - 
Comment: This book can be summed up rather easily: beware of anyone trying to sell you investment advice (including this book) and whatever you do, never buy anything other than an index fund. There, I just saved you the hassle of buying the book. I wish I could find my receipt and had the conscience to return a book that I read and wasted my money on. I exaggerate a tad, but not much. If you are looking for any real insight into uncovering the emotional process (a key to success), how to recognize real danger and opportunity etc. - pursue another book or you are doomed to make the same mistake I did.
I won't even challenge any of his premises (though index funds have had a rough go recently), or ideas per se, but if you don't know the information conveyed in this book, in my opinion you have no business putting money in the market just yet. Instead you need to make an effort to educate yourself - particularly you should study and recognize the emotional traits most of us have to battle that can hinder performance.
Maybe, only maybe, will a novice investor find this book revealing or useful (which should include warning bells alerting yourself that you aren't ready to invest). If you truly are lazy and need reassurance that index funds aren't a bad choice, spend your money, but be advised that much of this info is available for free if you spend the time looking for it. The mere size of the book indicates that more valuable information could have been easily added. As you can tell, I feel ripped off and wish I had spent a few minutes at the store pre-reading this thing. I admit I fell for the accolades on the back of the book. D'oh!!
4 of 4 people found the following review helpful:
Summary: Simple and sound advice, not much content
Date: 2008-04-25 - 
Comment: Sometimes the simple approach turns out to be the tactic offering the most beneficial results, and as Solin describes in this book, that is certainly the case with long term investing. Unfortunately, Solin's book, also simple in its approach, does not have the luxury of this principle.
This book does not present any profound strategies or anything that will offer you advice regarding short terms gains. Solin spends the full length of this book explaining in detail why hyperactive brokering does not work and why indexing is the proper advice for long-term growth and returns. Although the advice in this book could be easily condensed, this is not to say Solin is long winded; he merely spends a lot of time on the details of why managed funds are generally inferior.
The advice is sound and well described; however, the material in the book merely regurgitates a common and well known theme in investing; the vast majority of managed funds statistically do far worse than indexed funds over the long term. I would imagine the book would be worthwhile to anyone brand new to investing, but considering the title, this book is far too thin to come remotely close to being the smartest investment book available.
0 of 1 people found the following review helpful:
Summary: Better than Mom's Apple Pie
Date: 2007-09-29 - 
Comment: Most financial books are more complicated than Japanese arithmetic. This is actually understandable and the advice is rock-solid. If you have only one book on investing this should be it.
0 of 1 people found the following review helpful:
Summary: This is for some...
Date: 2007-08-08 -
Comment: The Smartest Investment Book You'll Ever Read (Unabridged)This book is for certain investors who do not want to
be daily envolved in investing.It is easily understood and can have
real meaning for that group of people
0 of 1 people found the following review helpful:
Summary: Love it!
Date: 2007-07-31 -
Comment: I absolutely enjoyed listening to it. It was a little bit boring in the beginning but at the end Don Solin gives you advise what to do. I will take his advise once I have some money saved up and invest it to see if it works! I sure it does!
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