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Download The Only Guide to Alternative Investments You'll Ever Need: The Good, the Flawed, the Bad, and the Ugly ePub

by Larry E. Swedroe

Download The Only Guide to Alternative Investments You'll Ever Need: The Good, the Flawed, the Bad, and the Ugly ePub
  • ISBN 1576603105
  • ISBN13 978-1576603109
  • Language English
  • Author Larry E. Swedroe
  • Publisher Bloomberg Press (November 1, 2008)
  • Pages 320
  • Formats txt docx lit rtf
  • Category Business
  • Subcategory Investing
  • Size ePub 1789 kb
  • Size Fb2 1348 kb
  • Rating: 4.8
  • Votes: 441

The rewards of carefully chosen alternative investments can begreat. But many investors don’t know enough about unfamiliarinvestments to make wise choices.   For that reason, financialadvisers Larry Swedroe and Jared Kizer designed this book to bringinvestors up to speed on the twenty most popular alternativeinvestments:Real estate, Inflation-protected securities, Commodities,International equities, Fixed annuities, Stable-value funds,High-yield (junk) bonds, Private equity (venture capital), Coveredcalls, Socially responsible mutual funds, Precious metals equities,Preferred stocks, Convertible bonds, Emerging market bonds, Hedgefunds, Leveraged buyouts, Variable annuities, Equity-indexedannuities, Structured investment products, Leveraged funds The authors describe how the investments work, the pros and cons ofeach, which to consider, which to avoid, and how to get started.Swedroe and Kizer evaluate each investment in terms of: Expected returnsVolatilityDistribution of returnsDiversification potentialFeesTrading and operating expensesLiquidityTax efficiencyAccount locationRole in an asset-allocation program 

Any investor who is considering or just curious about investmentopportunities outside the traditional world of stocks, bonds, andbank certificates of deposit would be well-advised to read thisbook.


The Only Guide to ts You’ll Ever Need is all about thefuture of investing, the new .

The Only Guide to ts You’ll Ever Need is all about thefuture of investing, the new stuff that’ll give you an edgein the twenty-first century. In 2008, only two asset classes did not go down, gold (gold stocks did go down), and treasury bonds/US Dollar. This book actually does not have a section on "deflation" scenarios and this is how many experienced investors were inadequately diversified in 2008. The authors could argue that T Bonds/US Dollar is not an "alternative investment" so it is not within the purview of their book.

For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments . Chapter 7 High-Yield (Junk) Bonds. Explaining the Low Correlation. Is Higher Yield Worth Higher Risk?

For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments . Is Higher Yield Worth Higher Risk? The Importance of Equity Risk. Hybrid Securities and Asset Allocation. Evidence Supported by Theory.

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In the third book in the popular The Only Guide You'll Ever Need series, the authors detail 20 alternative investments .

In the third book in the popular The Only Guide You'll Ever Need series, the authors detail 20 alternative investments, explaining which to consider seriously during times of uncertainty-and which to avoid entirely. The rewards of carefully chosen alternative investments can be great. But many investors don't know enough about unfamiliar investments to make wise choices. For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments

With Safari, you learn the way you learn best.

With Safari, you learn the way you learn best.

The Good, the Flawed, the Bad, and the Ugly. The Only Guide You'll Ever Need for the Right Financial Plan. by Larry E.

In this, the third book in the popular The Only Guide Youll Ever Need series, the authors detail twenty alternative investments, explaining which to consider seriously and which to avoid entirely. Entire Book Library .

Your use of the site and services is subject to these policies and terms. Results from Google Books. This book should be read AFTER you are familiar with the concepts presented in Swedroe's other works (and other excellent books that expound upon the "Bogle-head" type of investment strategy.

In my book "Stop Investing Like They Tell You," I talk a lot about investing in uncorrelated alternative investments as an idea to improve the viability of. .Swedroe provides a decently thorough exploration of the subject in this guide!

In my book "Stop Investing Like They Tell You," I talk a lot about investing in uncorrelated alternative investments as an idea to improve the viability of your portfolio. Swedroe provides a decently thorough exploration of the subject in this guide! er. I create resources to help you Invest Smarter! Found in. More Advanced Investment Books. Powerful Teaching: Unleash the Science of Learning.

Talk about The Only Guide to Alternative Investments You'll Ever Need: The Good, the Flawed, the Bad, and the Ugly


Mettiarrb
An excellent walk through the world of alternative investments. Larry does an excellent job of walking through the good, bad, and ugly. Larry not only explains what each alternate investment is, but when (if at all) you should consider adding a particular alternative to your portfolio. Over the years, many of the pros/cons he discusses for each investment type have come true illustrating the value of his advice. Thanks for an excellent introduction to a not well understood corner of the investment world.
Nilabor
First, I would say the review on this book by Stuart-Little that gave 3 stars is worth reading.
I think this book is good for the novice or the experienced investor. I consider myself an experienced investor. Nonetheless some of the chapters provided new information. Some chapters either clarified my thinking on an asset class, or firmed up my thinking which can be very helpful. Examples: Private equity and the historical evidence in which these investments do not on average do better than publically available investments. This is not intuitive or expected. I also think the chapter of Precious Metal equities explains how to make a (potentially) "flawed" investment into a profitable one. The review on Variable Annuities in the "bad" investment section is also fair in pointing out the benefit of asset protection in this vehicle.
I would have liked to see a chapter or section devoted on the subject of foreign currency. Topics that this section could discuss include foreign currency and bond mutual funds and ETFs. Also I am curious about the opportunities or lack thereof in the FOREX. Since the book lacked sufficient information on these topics, I would say that this book is not "the only guide ... you'll ever need." However it is the best book I have read or found so I think 4 stars is the right grade.
In 2008, only two asset classes did not go down, gold (gold stocks did go down), and treasury bonds/US Dollar. This book actually does not have a section on "deflation" scenarios and this is how many experienced investors were inadequately diversified in 2008. The authors could argue that T Bonds/US Dollar is not an "alternative investment" so it is not within the purview of their book. However, I think gold is an alternative investment. Neither the word "gold" or "deflation" are in the index of this book.
Re-balancing is the last point I would like to discuss, because it helps investors avoid getting damaged by bubbles. I would have liked to see a chapter on those providers/discount brokers that allow easy re-balancing of investments. In my 401K, I can do this with a click of a mouse which is particularly attractive since these transactions in a tax advantaged account are tax free. I am wondering if there are regular discount brokers that facilitate such an approach of rebalancing, though it would cause a taxable transaction and substantial paper work. This would work particularly well now that we have ETFs for so many investment possibilities.
In addition, I wonder if the authors could have included a chapter on vehicles that purport to provide the asset allocation that is favored by the authors, Examples include the Permanent Portfolio Fund, retirement targeted funds, and one or more of the PIMCO funds.
Finally, I would say that people should generally avoid investing in private equity based on the author's well researched chapter. However, sometimes concentrating a large amount of money in a narrowly focused way, is a way to wealth, perhaps the only way to extraordinary returns; then after the wealth is made, then diversify it in the way that the authors recommend in the remainder of the book.
I do not know if the authors read these reviews; it might be useful for them to comment below my review and others, especially since so much has happened in the financial markets since there very good book has been written.
Samugor
They say diversification is the only free lunch for investors. This book tells you how to best approach setting up a diversified portfolio and the positives and negatives of each type of asset class. I used these recommendations over the past few years and it clearly made a significant difference in my personal wealth. I would say this book paid for itself 10,000 times over and allowed me to retire a couple of years earlier than I planned. That is a huge win. Nothing other than my education has paid for itself so handsomely.

Yes, as one review here stated, some chapters could be in greater depth. However the main takeaway conclusions are accurate and the key points are well addressed. If you need more depth, a specialized book on the topic(s) you are interested in would be appropriate.
Goldendragon
Viva! I have finished reading "The Only Guide to Alternative Investments You'll Ever Need (The Good, the Flawed, the Bad, and the Ugly) by Larry Swedroe and Jared Kizer. Overall (as expected) great information. Larry and Jared researched at least twenty alternative investments to be included in the book. Of the twenty listed, only six were given a GREEN LIGHT, all in this group are potential winners--this includes a very good chapter on FIXED annuities. Eight of twenty were given a YELLOW LIGHT, they are in the flawed group--this includes a good chapter on high yield bonds (which I have owned). Six of twenty were given a RED LIGHT, if held in a portfolio the recommendation is to "throw them out like a hot potato"--this includes Equity-Indexed Annuities. Concur with some of the comments dealing with the chapter on hedge funds, this is the longest chapter (and the best, with a lot of good information), but in my opinion this topic applies to "Jane Q Million" and not to "Regular Jane" as hedge funds are for high net worth investors. Let me close this one by giving Larry and Jared a "Bravo Zulu" (International Signals for "Well Done") for a job well done on writing this book. And let me say this, I look forward to the revised edition or "PART II" which should be based on the results of "The Great Recession," covering the time during and after the financial markets debacle. An oh by the way, thanks to "Team Amazon" for delivering my book ahead of time. And to everyone stopping by to read this review: Thanks for reading.
Madis
Good insight to the various alternative investments. Would have liked to get their perspective on annuities with living benefit riders (they discussed annuities...but did not address living benefit riders) as well as Non Traded REITS. They believe liquidity is important, yet I would suggest for some of one's long term investments, liquidity can actually be a detriment to the investor. If one needs liquidity, there are other places to hold those funds.
Cel
This is a must read for all wirehouse financial advisors. Many of the products available are not really in the client's best interest and this cuts through what are the types worth considering.
Flamekiller
This a great book, a must read for anyone even thinking about tinkering with "Alts." With the exception of the section on commodities, this book is as on target today as it was the day it was published. Highly recommended.
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