The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life (Agora Series)

Hoping 4 a new approach 2 investing, I purchased this book. However, it contained the same old advice that I read over 15 years ago! The worse part is that the author advises investors 2 put all their eggs in one basket. Sorry, but this chicken prefers 2 put his eggs in different baskets...

I have yet 2 receive my shipment since placing my order on Sep 19.

Where is my shipment?

Just read the book. As a retiree, doesn't seem 2 fit as well, i.e. long term horizon vs retiree short term. Couple of issues did arise: 1) Did Green reinvest dividends & if so how did that impact the 17.1% average return? I assume dividends did get reinvested, but if so, again how does that compare 2 the S&P benchmark? 2) Bigger problem, if you are investing money in both IRA, 401K, or other qualified plans & the rest in non qualified or after tax money, how do you rebalance? You can't shift money back & forth between IRA & after tax portfolio without maybe incurring penalties or limits on investments, i.e. $2,000 per year in IRA. The same holds true if you try 2 balance by adding cash, you may be impacted by either 401K or IRA contribution limitations. The author should have clarified that.

Overall, an easy 2 follow formula 4 investing, too bad it doesn't have an addendum online 4 the current market meltdown.

This book presents an interesting general approach 4 those that wish 2 manage their own portfolio & who don't want 2 spend a large amount of time reading & researching financial reports & publications. The two problems I have with it are:

1. It tends 2 be written 4 the North American market & some of the references & types of investment recommendations do not have direct equivalents or conditions here in the UK market.

2. Given the current global & general melt down in all investment values, I think even this prescriptive approach would have taken a value pasting. I know it says think long term but as it has a big equity bias, I am not sure now would be a good time 2 apply it 4 your portfolio.

This book is an excellent primer 4 someone who is an investment beginner. The author offers mostly good advise; although some of the assumptions he makes in the portfolio construction seem 2 be incorrect--i.e. using the Total Stock Market Index fund as a large cap domestic asset allocation & recommending the precious metals mining fund as an integral part of an efficient frontier portfolio.

Outperform the vast majority of investment professionals while paying nothing in sales charges, brokerage fees, or commissions by modifying your investment strategy. Learn how 2 make your investment dreams come true with the advice in The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life, a guide that’s based on a Nobel Prize-winning investment strategy yet takes just 20 minutes 2 implement. Gain an understanding of the fundamental relationship between risk & reward in the financial markets & get an insider's view of how the investment industry really works.