facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
Book Review: All About Asset Allocation Thumbnail

Book Review: All About Asset Allocation

Richard Ferri’s classic book is an easy read and a wealth of wisdom on how to construct a portfolio.  Investors will do well to read it before investing, or to delegate to an advisor to implement the practices in the book. 

 

Intro: “Block out the gurus who say that they can tell the next move in the stock markets, interest rates, or the price of gold, because they don’t know.  Focus instead on those advisors who recommend developing a long-term investment policy using a diversified asset base, and then implementing that policy with diligence, dedication and discipline.”   Diversify across different securities, keep cost low, and control for risk and taxes. 

Develop an investment policy statement, which is a statement about how you will implement and maintain your portfolio.  Your asset allocation decision is one of the most important decisions you will make in your life and is worthy of significant time and thought.   Almost all of your returns and risk will be determined by asset class selection. 

Continue reading: Book Review All About Asset Allocation.pdf