EVERYONE MAKES MISTAKES. THIS BOOK SHOWS YOU HOW TO MAKE MONEY.
Swedroe and Balaban show you how to avoid being your own worst enemy and how to win the investment game by not losing.
Burton G. Malkiel, author of A Random Walk Down Wall Street
Sure, weve all made mistakes, and they can be pretty expensive, even the first time. This wonderful volume will pay for itself a thousand times over.
William Bernstein, author of A Splendid Exchange and The Investors Manifesto
In his new book, Larry SwedroeAmericas preeminent writer on passive investingshows you how to recognize your mistakes and, more importantly, how to avoid future mistakes to secure a worry-free financial future. This book will prove to be a classic blueprint on sidestepping the blunders made by even the smartest of investors.
Bill Schultheis, author of The New Coffeehouse Investor
This is a book that does not belong on your bookshelf; it belongs in your hands. Buy it, read it (and its fun reading), and prosper.
Harold Evensky, President, Evensky & Katz Wealth Management
Swedroes tour through the world of money and psychology is a trip every investor should take.
Gary Belsky, coauthor, Why Smart People Make Big Money Mistakes...And How to Correct Them
With a Foreword by Meir Statman, author of award-winning What Investors Really Want
Even the most experienced investors in the world can screw upand dont let anyone tell you otherwise. Whether youre an old pro with a well-designed portfolio or a newbie investor just starting out, bestselling author Larry Swedroe with RC Balaban can show you how to live and learn from others mistakesand invest in good times and bad.
By answering the key questions every investor should ask, youll learn how to avoid:
Mistake #1: Feeling too confident in your investing skills
Mistake #6: Allowing yourself to be swayed by popular opinion
Mistake #11: Holding on to assets because of the price you paid
Mistake #15: Letting friendships influence your choice of advisors
Mistake #31: Expecting miracles from hedge fund managers
Mistake #48: Confusing speculation with investing
Mistake #60: Underestimating the number of stocks you need to diversify
Mistake #71: Forgetting that you can be too conservative
Mistake #77: Repeating the same mistake
Be warned: This groundbreaking guide will shatter the myths about money youve come to accept and challenge the conventional wisdom youve received from friends, advisors, and other experts.
By exposing these all-too-common mistakes, one by one, youll be able to rethink your strategy and reinvest in your future with confidence. Youll discover the truth about misleading demographics, high-return investments, active managers, and other resources you shouldor shouldnttrust.
Youll learn the actual devastating effect taxes can have on your returns if you use the wrong strategy. Youll learn the wrong way and the right way to build your portfolio, diversify your accounts, and plan for your familys future. Most important, this book will show you how to avoid making the investment mistakes you used to make and how to give yourself the best chance of achieving your financial goals.
Filled with insider insight, need-to-know advice, and revealing case studies, this is the one book smart investors can learn fromand even smarter investors can invest in.
