How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn - Hardcover

Roth, Allan S.

Hardcover

ISBN 10: 0470375949 ISBN 13: 9780470375945

Publisher: John Wiley & Sons, 2009

Synopsis

Straightforward strategies from a successful young investor 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 common sense 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. Discusses how to design a portfolio composed of a few basic building blocks that can be "tweaked" to fit your personal needs Addresses how you can reengineer your portfolio in order to stop needlessly paying taxes Reveals how you can increase returns, regardless of which direction the market goes, by picking the "low-hanging fruit" we all have in our portfolios 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.

About this title

Review:

"This book acts as an apt reminder that simple can be good"(CEO Middle East, April 2009)

"Kevin Roth, the author's son, is eight years old.He's probably got a better investment portfolio than you do.This book reveals his secrets. Our take: Explaining how a secondgrader can whip most adult investors is a fun way to demonstratethe benefits of a simple indexed portfolio."
--MoneySense magazine

From the Back Cover:

Praise for How a Second Grader Beats Wall Street

"Meet Kevin Roth: financial savant, successful money manager, and second grader. Kevin, you see, possesses several unfairadvantages over the rest of us: he doesn't read the Wall StreetJournal, worry about the economy, or watch James Cramer (well, maybe he does, but only with the sound off). But he solidlyunderstands the principles of investment management. How a SecondGrader Beats Wall Street, which can be consumed almost as quicklyand enjoyably as the chocolate milk on Kevin's lunch tray, will letyou in on his profitable secrets."
--William Bernstein, author of The Four Pillars ofInvesting

"There has been no time in our financial history whenimplementing the simple investment plan in this book has been moreimportant."
--Dan Solin, author of The Smartest Investment Book You'llEver Read and The Smartest 401(k) Book You'll EverRead

"The 'Second Grader's Starter Portfolio' is one of the eightgreat 'Lazy Portfolios' we feature and update on DowJones/MarketWatch. Why? Because it's a winner, regularly beatingthe S&P 500. It's perfect for all Americans, young andyoung-at-heart, who are starting small and want to retire amillionaire someday."
--Paul B. Farrell, JD, PhD, author of The MillionaireMeditation

"You can make investing as complicated as you want. Or you canmake it simple. The beauty of Kevin Roth's elegantly reasonedapproach is not just that it's clearer and easier to execute thanmost investing advice today. It's also that in the long run, it'slikely to put more money in your pocket."
--Eric Schurenberg, former Managing Editor, Moneymagazine

"One of the greatest gifts any author can bring to their readeris the ability to capture simplicity from complexity and convey theessence in a readable, understandable fashion. Allan Roth does thatwith his book How a Second Grader Beats Wall Street. His book willhelp readers realize that fads and fashion are trumped by thesteady, less risky returns that come from rational diversificationand a disciplined commitment to it. Everything in Roth's book hasspecial relevance in today's turbulent and treacheroustimes."
--George G. C. Parker, Dean Witter Distinguished Professor ofFinance, Emeritus, Stanford Business School

"Don't be put off by thinking the title is too cute. The greatlessons of life are simple (but, as Warren Buffett advises, noteasy). If you follow these important rules, successful investing is'child's play'."
--Charles D. Ellis, author of Winning the Loser'sGame

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2009
• ISBN 10: 0470375949
• ISBN 13: 9780470375945
• Binding: Hardcover
• Number of pages: 288