Soundview Executive Book Summaries


Don’t Worry, Go Fishin’
October 9, 2008, 12:29 PM
Filed under: Books in General, Financial/Accounting, Investing | Tags: , ,

Panic is too mild a word for what many investors are experiencing right now, with banks closing or being bought at an alarming rate, the stock market dropping drastically, and the success of the government bailout questionable at best. So the question of the day is “Where do I put my money?”

One possible answer is found in the new release The Gone Fishin’ Portfolio , published by Wiley and written by Alexander Green. Green is the chairman of Investment U and the investment director for The Oxford Club. He brings his 23 years of investment experience to this book, which details his proven investment strategy, based on the mathematical formulas of Dr. Harold Markowitz, who won the 1990 Nobel Prize in Economics for his work.

Green’s contention is that if you follow his investment advice, made up of a simple mix of mutual funds, you can let it run and go fishing. Although this may sound too good to be true, by following this formula Green was able to retire from the securities industry at age 43 having gone from a net worth of zero to financial independence. The key to his success is Asset Allocation, developing the most effective, optimal mix of investments. By optimal, he means “that there is not another combination of asset classes that is expected to generate a higher ratio of return to risk.”

Of course, investment strategies are everywhere, so we recommend you do your homework before buying into Green’s advice. Here are a couple of opinions on Green’s investment strategy out in the market place: Daily Wealth, and Stock Gumshoe. We’d love to hear your thoughts as well.

 

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