Rate this book

The Investment Answer (2010)

by Daniel C. Goldie(Favorite Author)

3.63 of 5 Votes: 5

ISBN

0982894708 (ISBN13: 9780982894705)

languge

English

genre

Nonfiction

publisher

Dan Goldie Financial Services LLC

review 1: This book effectively challenges every popular conception pertaining to personal finance and investment. Condensed into a very small book, the authors systematically argue against active investing and get-rich quick dreams that many investors harbor. The book is guided by five questions that does not so much answer questions but prepares investors for when meeting financial advisers. The book gives some practical advice - avoid active money managers - but generally offers advice on what to look for in an adviser. The book is short on details preferring simple sentences to explanations. There are no suggested readings, bibliography, or notes. Readers are expected to trust the authors. Judging by the considerable mass of positive reviews (which is why I read the book),... more a lot of people do trust them. The only negative reviews concerned the shortness of explanation and lack of further readings. Recommended for those investors who have not taken any courses in finance or business. Even those who have taken such courses can probably benefit.
review 2: Great short book to recap financial advice without all the technical terms. Really breaks down investing options to a simple approach and you can finish in an hour. A good one to review before taking action. Some of the best nuggets from the book - get an Independent, Fee-Only Adviser (like from the Garrett Network). Decide on Asset Allocation, make sure you are Diversified, and Passive Index funds are typically the best for the average investor. And don't forget to rebalance annually. less

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