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The Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals

 

Achieve financial security in 90 minutes or less.
 Daniel Solin cuts through financial propaganda to show readers exactly how assets should be invested, using trusted, brand name fund managers like Fidelity and Vanguard. Solin's easy-to-follow plan allows investors to create and monitor their portfolios in 90 minutes or less a year, explaining how to assess risk and how to allocate assets to maximize returns and minimize volatility. Readers will also learn how to avoid the biggest mistakes investors make, from buying into media hype to giving their hard earned cash to hyperactive brokers and investment advisors.
Solin hit the basics of investing, but left out a few key steps in the entire process:

1. Living below your means so you have money to save and invest.
2. Use automatic savings method where you pay yourself first like 401K's.
3. Determine your asset allocation plan.
4. Adjust your asset allocation slightly to a less risky portfolio as you go through life.
5. Use low cost index funds to minimize expenses and maximize returns.
6. Determine your actual living expenses right before you retire so you can more accurately your retirement expenses.......and therefore the income you need to retire......versus using the 70% to 80% income replacement ratio rule-of-thumb when you get close to retirement
7. Don't withdraw more than a 4% inflation adjusted amount during retirement from your portfolio.
8. Rebalance your portfolio annually 



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