Customer Rating: 
Summary: dragon56
Comment: Just read the book. As a retiree, doesn't seem to fit as well, i.e. long term horizon vs retiree short term. Couple of issues did arise: 1) Did Green reinvest dividends and 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 to the S&P benchmark? 2) Bigger problem, if you are investing money in both IRA, 401K, or other qualified plans and the rest in non qualified or after tax money, how do you rebalance? You can't shift money back and forth between IRA and 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 to balance by adding cash, you may be impacted by either 401K or IRA contribution limitations. The author should have clarified that.
Overall, an easy to follow formula for investing, too bad it doesn't have an addendum online for the current market meltdown.
Customer Rating:
Summary: Gone Fishing Portfolio
Comment: This book presents an interesting general approach for those that wish to manage their own portfolio and who don't want to spend a large amount of time reading and researching financial reports and publications. The two problems I have with it are:
1. It tends to be written for the North American market and some of the references and types of investment recommendations do not have direct equivalents or conditions here in the UK market.
2. Given the current global and 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 to apply it for your portfolio.
Customer Rating:
Summary: The Gone Fishin' Portfolio
Comment: This book is an excellent primer for someone who is an investment beginner. The author offers mostly good advise; although some of the assumptions he makes in the portfolio construction seem to be incorrect--i.e. using the Total Stock Market Index fund as a large cap domestic asset allocation and recommending the precious metals mining fund as an integral part of an efficient frontier portfolio.
Customer Rating:
Summary: A must Read!
Comment: This book explains in a clear concise manner many of the pitfalls of investing & how to minimize their effect. It is a quick read.
Customer Rating:
Summary: GONE FISHIN' PORTFOLIO BOOK
Comment: MY WIFE MARY THOUGHT SHE PAID THIS THROUGH OUR VISA ACCOUNT. HAVE WE DONE SO? IF NOT WE CAN MAKE ARRANGEMENTS TO TAKE CARE OF THIS PRONTO. THANK YOU. MICHAEL D. DOSHAN
Summary: dragon56
Comment: Just read the book. As a retiree, doesn't seem to fit as well, i.e. long term horizon vs retiree short term. Couple of issues did arise: 1) Did Green reinvest dividends and 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 to the S&P benchmark? 2) Bigger problem, if you are investing money in both IRA, 401K, or other qualified plans and the rest in non qualified or after tax money, how do you rebalance? You can't shift money back and forth between IRA and 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 to balance by adding cash, you may be impacted by either 401K or IRA contribution limitations. The author should have clarified that.
Overall, an easy to follow formula for investing, too bad it doesn't have an addendum online for the current market meltdown.
Customer Rating:
Summary: Gone Fishing Portfolio
Comment: This book presents an interesting general approach for those that wish to manage their own portfolio and who don't want to spend a large amount of time reading and researching financial reports and publications. The two problems I have with it are:
1. It tends to be written for the North American market and some of the references and types of investment recommendations do not have direct equivalents or conditions here in the UK market.
2. Given the current global and 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 to apply it for your portfolio.
Customer Rating:
Summary: The Gone Fishin' Portfolio
Comment: This book is an excellent primer for someone who is an investment beginner. The author offers mostly good advise; although some of the assumptions he makes in the portfolio construction seem to be incorrect--i.e. using the Total Stock Market Index fund as a large cap domestic asset allocation and recommending the precious metals mining fund as an integral part of an efficient frontier portfolio.
Customer Rating:
Summary: A must Read!
Comment: This book explains in a clear concise manner many of the pitfalls of investing & how to minimize their effect. It is a quick read.
Customer Rating:
Summary: GONE FISHIN' PORTFOLIO BOOK
Comment: MY WIFE MARY THOUGHT SHE PAID THIS THROUGH OUR VISA ACCOUNT. HAVE WE DONE SO? IF NOT WE CAN MAKE ARRANGEMENTS TO TAKE CARE OF THIS PRONTO. THANK YOU. MICHAEL D. DOSHAN
The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life (Agora Series) Reviews: Page 2 of 12
1 | 2 | 3 | 4 |
1 | 2 | 3 | 4 |