Reviews for The New Science of Investing: Managing Your Money in the 21st Century

The average rating for The New Science of Investing: Managing Your Money in the 21st Century based on 2 reviews is 3 stars.

Review # 1 was written on 2019-09-03 00:00:00 Emi States After I read The New Coffeehouse Investor, I wanted to learn more about lazy investing and lazy portfolios. I saw this book on the shelf at the library, and picked it up. I'm glad I did! It starts by comparing a few popular "lazy portfolios" (simple, low-maintenance index fund portfolios), including the Coffeehouse Portfolio, then moves on to explaining why you should build your own lazy portfolio. The author includes quotes and advice from many big names like Scott Burns, Bill Schultheis, William Bernstein, Paul Merriman, John Bogle, the Motley Fools, Ric Edelman, Charles Carlson, Robert Kiyosaki, Burton Malkiel, Charles Schwab, Peter Lynch, Jane Bryant Quinn, and Napoleon Hill. Most of the book covers passive index funds, but there are a few chapters that cover other topics at the end. These include ETFs, DRIPs, and investing in your own business. This book isn't as simple and straightforward as The New Coffeehouse Investor, but it does offer more specific advice and incorporates ideas from more people, so it's a more "diversified" (pun intended) book than The New Coffeehouse Investor. Notes The Couch Potato Portfolio by Scott Burns - Vanguard 500 - Vanguard Total Bond Market - split 50/50 for traditional portfolio, or 75/25 for "sophisticated" portfolio - rebalance annually The Coffeehouse Portfolio by Bill Schultheis - 60/40 stock-bond split, with stocks evenly split between: - S&P 500 - large value - small cap - small value - MSCI EAFE international - REIT The No-Brainer Portfolio by William Bernstein - 25% large (S&P 500) - 25% small - 25% international - 25% total US bond market Kiplinger's Keep It Simple Portfolio - 25% large (S&P 500 or total US, such as Wilshire 5000) - 25% small or small value - 25% international (MSCI European or total international) - 25% total US bond market Never pay loads. There's always a better no-load alternative. The expense ratio is the only reliable predictor of future performance. Buy quality and hold forever; never rebalance. Vanguard is the only fund company owned by its shareholders. Diversification is about 10 times more important than the specific stocks or funds you pick. When selecting funds in your 401(k), try to clone the lazy portfolios as closely as possible. ETFs are best for large, infrequent lump sumps and long holding periods. Otherwise no-load index funds are a better choice. If you must invest in individual stocks, use DRIPs. If you can, consider becoming an entrepreneur and investing in your own business.

Review # 2 was written on 2012-12-11 00:00:00 Brian Kelly The entire content could be written in one page. Instead it just get quite repetitive.