Special Edition Unconventional Success: A Fundamental Approach to Personal Investment with FREE EASY Reading Download Now!

Audio Book Unconventional Success: A Fundamental Approach to Personal Investment with FREE MOBI EDITION Download Now!

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Audio Book Unconventional Success: A Fundamental Approach to Personal Investment with FREE MOBI EDITION Download Now!

The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges. Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual fund managers, investors create the preconditions for investment success. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.

At this time of writing, The Mobi Unconventional Success: A Fundamental Approach to Personal Investment has garnered 9 customer reviews with rating of 5 out of 5 stars. Not a bad score at all as if you round it off, it’s actually a perfect TEN already. From the looks of that rating, we can say the Mobi is Good TO READ!

Audio Book Unconventional Success: A Fundamental Approach to Personal Investment with FREE MOBI EDITION!

This is a great book. Boiled down, it says that equities drive returns but that investors (individuals, endowments, etc.) can't stand the volatility. To address this, the book goes over what the author thinks are the best equity assets for driving returns and the best assets for reducing volatility and protecting against inflation, deflation, and panic. The latter is designed to buck you up and prevent you from selling at the bottom and locking in your losses when things get dicey, which they will from time to time.The book gives you general ideas for a framework in evaluating assets to be included in your portfolio but, despite giving some general recommendations as to the portfolio composition, doesn't give a lot of specific advice. This seemingly disappoints some. However, if you understand why you have one asset or another it shouldn't be hard to decide what works best for your situation. For example, there has been a lot of discussion as to what duration treasury bonds the author suggests. If you understand that the bonds are designed to protect against deflation and panic, then you should be able to determine for yourself what the duration should be (e.g., if you're 85 years old you shouldn't be concerned about purchasing power in 30 years). Likewise, if you're 85 years old you probably want to have more bonds that the recommended portfolio since you shouldn't be as concerned about returns over the next 50 years. Managing a retirement account for an individual is different than managing a portfolio for a university with an almost unlimited time horizon. The author makes this clear in numerous ways, though the language may be more academic than most investing guides.In this regard, some may find William Bernstein or Ric Edelman more accessible. David Swensen may be more insightful in parsing the various asset classes but they have a more folksy approach using more examples -- people often find induction works better than deduction. My advice would be to start with Edelman, move to Bernstein, and then read this book. The message isn't all that different, but ultimately your investing is a personal journey and the more ways of understanding the issues the better prepared you will be for tackling the job. Plus repetition never hurts!

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