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The Secret Keys to Smart Investing: Simple Strategic Rules to Diversify and Maximize Your Investment
$59.95
Russell R. Wasendorf, Jr., author, with Dan McMullin
ISBN #: 978-1934354070
This book lets you in on the Secret Key to investing: diversifying your portfolio across unrelated asset classes. You will discover the power of diversifying your investments, while reducing your volatility and increasing your overall returns.
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PRODUCT DETAILS
Paperback, 120 pages
Publisher: Financial Guide Books, an imprint of W&A Publishing; first edition (February 1, 2009)
Product Dimensions: 8.5 x 7.5 x 0.3 inches
Approx. Shipping Weight: 10 ounces
ISBN-10: 1934354074
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Being an astute investor in today's economy requires more than just owning your own home and contributing to your employer's 401(k). With a rapidly changing universe of investment choices available, it's hard to have confidence in your investment decisions without a good understanding of the basics.
Education is the key. Learning how you can create the right balance of investments will help you invest your funds in the most efficient way possible, while gaining a confidence in the level and reliability of your overall returns.
With the right knowledge you can handle your investments like a professional. The first step is understanding that every spending choice you make is, essentially, an investment decision. This guide starts with a quick self-survey to help you assess where you currently fit in the investment continuum. It quickly leads you through an overview of initial spending and investment choices and moves on to intermediate and more advanced investment topics.
MARKETING & PUBLICITY
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| 08/12/2009 |
First Name: Brenda |
State: CT |
Rating: 5 |
Reading the Markets
Insights from Financial Literature
Brenda Jubin, Ph.D.
Originally posted Aug. 13, 2009 at http://readingthemarkets.blogspot.com/2009/08/wasendorf-secret-keys-to-smart.html
The Secret Keys to Smart Investing
Most readers of this blog are probably too advanced in their investing and trading strategies to profit from Russell R. Wasendorf, Jr.’s The Secret Keys to Smart Investing: Simple Strategic Rules to Diversify and Maximize Your Investment (W&A Publishing, 2009). But they might consider giving this book as a thoughtful present to a friend or relative.
Wasendorf’s intended reader is the person who owns his own home, has a 401(k) or IRA invested in stocks, and has rainy-day cash. Moreover, after investing the maximum each year in tax-beneficial funds, he also puts some money into taxable investment accounts. And then comes the “secret ingredient.” He switches a small portion of his assets into alternative investments that seek out-sized returns and that are uncorrelated with the rest of his portfolio; this will improve the efficiency of his portfolio. That is, they will smooth out portfolio volatility and perhaps increase returns.
Among the alternative investments Wasendorf considers are collectibles, metals, currencies, commodity futures, and options. He outlines the many pitfalls of investing in collectibles, and he suggests that there are better alternatives to investing in metals than hoarding bars, ingots, or coins. He warns the reader of the presence of disreputable dealers in the forex market. And he urges the investor to seek alternative investments that are regulated, transparent, liquid, and reputable—in brief, futures and options. Wasendorf then offers the reader a primer in these two types of alternative investments.
Not surprisingly, since Wasendorf’s father is the founder, chairman, and CEO of PFGBEST, and the author is the president and COO of the firm, he makes a pitch for managed funds. PFGBEST is a brokerage firm that has expanded beyond its flagship product—futures—into forex and options trading. And, as it says on its website, its trading professionals “have created blended portfolios that are customized and managed to meet the great demand for diversification and enhanced return strategies.” But this book is not just a very long ad for the company; it is an extremely readable guide for the person thinking about including alternative investments in her portfolio. |
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Russell R. Wasendorf, Jr. is president and chief operations officer of PFGBEST, where he formed the Forex division to bring skill and capabilities in foreign currency trading, dealing and brokerage to the company and its international client base of individual investors and institutions. He is the co-author of Foreign Currency Trading (McGraw Hill).
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The Secret Keys to Smart Investing: Simple Strategic Rules to Diversify and Maximize Your Investment
$59.95
Russell R. Wasendorf, Jr., author, with Dan McMullin
ISBN #: 978-1934354070
|
MARKETING & PUBLICITY
|
|
|
SFO Personal Investor Series: Psychology of Trading
|
|
|
The Stock Market Philosopher: Insights of a Soviet-Born, New York-Bred Hedge Fund Trader
|
|
|
Trade the Patterns: The Revolutionary Way of Trading the CCI
|
|
|
|
The Secret Keys to Smart Investing: Simple Strategic Rules to Diversify and Maximize Your Investment
$59.95
Russell R. Wasendorf, Jr., author, with Dan McMullin
ISBN #: 978-1934354070
|
MARKETING & PUBLICITY
- Reviews in national media outlets (secured by W&A Publishing)
- Advertising campaign in international trade publication (arranged by W&A Publishing)
- Author-written articles in nationally read publications (assisted by W&A Publishing)
- Direct mail to opt-in e-newsletter subscribers (coordinated by W&A Publishing)
- Webinar hosted by third-party companies (assisted by W&A Publishing)
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