Diversify Your Way to Wealth: How to Customize Your Investment Portfolio to Protect and Build Your Net Worth - Hardcover

Gerald W. Perritt; Alan Lavine

9781557385468: Diversify Your Way to Wealth: How to Customize Your Investment Portfolio to Protect and Build Your Net Worth

Hardcover

ISBN 10: 1557385467 ISBN 13: 9781557385468

Publisher: Irwin Professional Publishing, 1993

There are many ways to invest your money, but there's only one proven way to achieve high returns with low risk. In a word, that way is to DIVERSIFY.
In an expanded edition of this investment classic, nationally recognized investment experts Gerald Perritt and Alan Lavine show you how to divide up your assets to create a portfolio which matches your investment goals and your risk tolerance. By utilizing the same strategies as the pros, the authors demonstrate that you too can take control of your financial future and build real wealth.
Whether you're a young investor willing to accept higher risk in return for robust growth or an older person seeking stable retirement income, you'll find an effective asset allocation strategy in Diversify Your Way to Wealth. Gerald W. Perritt, a mutual fund manager frequently quoted in the press, and financial columnist Alan Lavine teach you everything you need to know to build an "all weather" portfolio which will stand the test of time.
The authors begin with a simple, how-much-are-you-willing-to-lose test which tells you the level of risk that's right for you at each stage of your investment career. They then explain the pros and cons of every investment vehicle, from high-risk securities and foreign stocks to safe, reliable instruments like Treasury bills.
In what is perhaps the most valuable section of the book, the authors recommend eight model portfolios - ranging from conservative to aggressive - which consist of a variety of leading no-load mutual funds. Investors can use the models as a starting point to build their own custom-designed portfolio.
Whether you've got $10,000 or $100,000 to invest, Diversify Your Way to Wealth is a blueprint for achieving your investment goals without lying awake at night wondering if your money is safe. This is truly the only investment book you will ever need!

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Review:

The authors recommend effective asset allocation strategy as the way to build a secure financial future. Beginning with a simple "how much are you willing to lose?" test to discover the right level of risk for each investor, they explain the pros and cons of every type of investment vehicle and then examine eight model no-load mutual fund portfolios. A good starting point for the beginning investor who's looking for solid information.

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