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

Über die Autorin bzw. den Autor

Allan S. Roth is the founder of Wealth Logic, LLC, an hourly–based financial planning and investment advisory firm, that advises clients with portfolios ranging from $10,000 to $50 million. His expertise is in portfolio construction and performance benchmarking, and he is frequently quoted in the financial media. An adjunct finance faculty member at the University of Colorado at Colorado Springs and Colorado College, he teaches behavioral finance at the University of Denver′s GraduateTax Institute. Mr. Roth is a CPA and CFP with an MBA from the Kellogg School at Northwestern University. During the course of his professional career, he has held the position of finance officer for multibillion–dollar companies and has been a consultant at McKinsey & Company. Roth writes a personal finance column forthe Colorado Springs Business Journal. In spite of thesecredentials, Roth claims he can still keep investing simple.

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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

Aus dem Klappentext

Investing is simple, but never easy. We carry a lot of investmentbaggage, including hot tips from friends and thefinancial media, aswell as complicated financial recommendations from Wall Street"experts." Yet the biggest obstacle we face is the tendency tooutsmart ourselves.

In order to overcome this obstacle, you need to followstraightforward strategies that will consistently pushyourportfolio ahead of the pack by an additional 3 to 4percentannually. These are strategies that work in upmarkets andespecially in times of market crisis and panic. Most importantly,these strategies are basic enough for even a kid to understand.

In How a Second Grader Beats Wall Street, you'll follow thestory of Kevin Roth—an eight-year-old who was schooled insimple approaches to sound investing byhis father, seasonedfinancial planner Allan Roth—and discover exactly how simpleit can be to become a successful investor. Page by page, you'lllearn how to create a portfolio with the widest diversification andlowest costs; one that can move up your financial freedom by adecade and dramatically increase your spending rate duringretirement. And all this can be accomplished by using somecommonsense techniques.

Along the way, Kevin and his dad discuss fresh, new approachesto investing, and detail some tried-and-true but lesser-knownapproaches. They also take the time to debunk the financial mythsand legends that many of us accept as true and show you what itreally takes to build long-term wealth with less risk. You'll alsolearn how not to confuse the unlikely with the impossible.

Whether you're young or young-at-heart, the straight-talkingadvice found here will help you:

• Design a portfolio composed of a few basic building blocks thatcan be "tweaked" to fit your personal needs

• Go beyond indexing, which owns the entire market, and actuallybeat the market

• Reengineer your portfolio to stop needlessly paying taxes

• Increase your return, regardless of which direction the marketgoes, by picking the "low-hanging fruit" we all have in ourportfolios

• And so much more

Engaging and insightful, How a Second Grader Beats Wall Streettakes you through Kevin Roth's real-life story, while driving homekey strategies and tools you can implement in your own portfolio.With just a little time and a little work, you can become abetterinvestor. With this book as your guide, you'll discover how asimpler approach to today's markets can put you on the path tofinancial independence.

For more information, visit www.SecondGraderPortfolio.com.