Asset allocation is an art. David Darst is the master. This entertaining and readable little book enables individual investors to do what the pros do, build and save their assets. This book is a must read for any investor who is serious about seeking the best risk-adjusted return on a portfolio. It is succinctly written, incorporates the latest insights from academic research, and is accessible to laypeople as well as being relevant to investment professionals. Owning this book is like having your own chief investment strategist on call, just as the wealthy have, to guide you through the turbulent waters of the global financial markets. Darst stresses the substantial investment returns that the right mix of cash, gold, stocks, bonds, real estates, commodities, and other assets can bring to your portfolio. He also explains how to spread your investments among uncorrelated asset classes to enhance returns and reduce the risk of long term investing. In what follows I shall highlight the 7 salient features of the book. They are: (1). This book will help you learn what the wealthy have long known - that 80% of investment returns are found to come from correct asset allocation; (2). Strategic Asset Allocation is where you set long term percentage weightings for the assets in your portfolio, and maintain the mix for a long period of time; (3). Tactical Asset Allocation takes a more responsive view toward your portfolio so that the asset mix is adjusted to gain benefits from underlying markets and economic trends; (4). Your goals are your Constitution; your objectives are your Bill of Rights; (5). We need to focus on the big picture whilst being mindful of important emerging and changing trends (6). It is not wise to allocate assets and investment based purely on instincts, and it is equally unwise to ignore your gut instincts when doing so; and (7). Warren Buffett once said that one of the keys to becoming a successful investor was to read widely. Read this book, learn what he has to say, and you will be richer for it in more ways than having more money.
Buy The Little Book that Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets (Little Books. Big Profits)!
