The Perfect Portfolio: A Revolutionary Approach to Personal Investing
by: Leland B. Hevner
The Perfect Portfolio: A Revolutionary Approach to Personal Investing
By Leland B. Hevner
Publisher: Wiley
Number Of Pages: 282
Publication Date: 2009-03-23
ISBN-10 / ASIN: 0470401745
ISBN-13 / EAN: 9780470401743
Product Description:
Praise for The Perfect Portfolio
"Today's markets are rife with challenges that confound novice and professional investors alike. Thankfully, The Perfect Portfolio provides the type of 'outside the box' thinking that can enable individual investors to not only cope with these challenges but also to view them as profit-making opportunities."
—Lynnette Khalfani-Cox, The Money Coach (from the Foreword)
To achieve long-term success in today's market, you can't place your faith totally in financial "experts" who are far too often salespeople first and objective advisers second. You must take personal control of your hard-earned savings and build a portfolio that gives you a realistic chance of earning returns that enable you to meet the investing goals you really want to achieve in life.
That's why Leland Hevner—President of the National Association of Online Investors (naoi.org) and a longtime educator in the financial field—has created The Perfect Portfolio. This reliable resource outlines Hevner's proven investment approach, known as the Perfect Portfolio Methodology (PPM), and shows you how to use it to thrive in today's challenging market conditions.
Divided into three comprehensive parts, The Perfect Portfolio will enable you to:
Build a powerful and efficient portfolio using nine asset classes instead of the traditional three
Completely avoid the complexities of analyzing individual stocks and mutual funds
Virtually eliminate company risk from your portfolio
Use amazing new Web-based tools to enhance and automate your trading activities
Easily design a portfolio that matches your investing style and thrives in any market condition
And much more
This is not the stuff of your average investing book. The author is not simply putting a new "spin" on the outdated investing concepts being taught today. He is providing nothing less than a dramatically new portfolio design model and a revolutionary approach to the entire field of personal investing. And this bold challenge to the status quo is long overdue!
With The Perfect Portfolio as your guide, you will realize that investing does not need to be as complicated as the financial services industry would like you to believe. You will learn a simple methodology for building a portfolio that can produce incredible returns with minimal risk. You will be empowered to take personal control of your investments. It's time to start your new life as a confident investor.
Summary: Best investment book I've read in a long, long time.
Rating: 5
I like to read many investment books, always looking for guidance.
This is by far the best I've read in a long time. It is the one
book that has most changed the way I invest.
Why do I love it? Because it took away so much of what I hate
about investing.
For example, last year I came to hate buy and hold, which for most
investors during the market meltdown turned into "cry and fold." I
love Hevner's solution--a simple, elegant strategy for being in
the market--any market--for the big upmoves, yet nimbly stepping
aside to avoid the steep downturns.
If you never again want to find yourself helplessly standing
there, frozen like a deer in the headlights, meekly obeying
buy-and-hold conventional wisdom while an enraged bear paws away
40% or more of your wealth--which can happen at any time in any
market--heed Mr. Hevner. He gives you a simple way to know when to
leave the scene before a murderous bear shreds what's left of your
life savings. In essence, he teaches you an easy-to-follow way to
let your profits run and cut your losses short, the essence of
successful investing.
Likewise, I have come to hate rebalancing during a falling market,
as conventional wisdom dictates. Rebalancing assumes that a given
market, like a cork, will reliably and soon pop back up to the
surface. But what if it doesn't? The worst downturns can last for
decades. After the Great Depression, stocks eventually fell 86%
and didn't come back to breakeven for 25 years. In Japan, stocks
plunged 63% after 1989 and still have not fully recovered, some 20
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