Cover image for The informed investor : a hype-free guide to constructing a sound financial portfolio
Title:
The informed investor : a hype-free guide to constructing a sound financial portfolio
Author:
Armstrong, Frank, III.
Personal Author:
Publication Information:
New York : AMACOM, [2002]

©2002
Physical Description:
pxv, 296 pages : illustrations ; 24 cm
Language:
English
ISBN:
9780814406762
Format :
Book

Available:*

Library
Call Number
Material Type
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Status
Central Library HG4521 .A72 2002 Adult Non-Fiction Non-Fiction Area
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Clarence Library HG4521 .A72 2002 Adult Non-Fiction Open Shelf
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Eden Library HG4521 .A72 2002 Adult Non-Fiction Open Shelf
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Kenmore Library HG4521 .A72 2002 Adult Non-Fiction Open Shelf
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Orchard Park Library HG4521 .A72 2002 Adult Non-Fiction Open Shelf
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Summary

Summary

This title replaces voodoo investing methods with proven real-world strategies and provides a thorough education in financial economics. It explains how to allocate assets to achieve specific goals and simplifies difficult subjects with clear language and straight-shooting advice.


Reviews 2

Publisher's Weekly Review

Geared to the skittish novice investor who may have been spooked by the September 11 fallout, The Informed Investor: A Hype-Free Guide to Constructing a Sound Financial Portfolio guides readers through the basics of investing with a reassuring tone and a relatively conservative long-term strategy. Frank Armstrong III, a former contributor to CNNMoney, explains how to assess risk, choose a mutual fund and interpret the advice of financial soothsayers. He weighs the relative advantages of mutual fund alternatives (like real estate investment trusts and variable annuities) and offers specific tips for parents worried about college tuition. (Mar.) (c) Copyright PWxyz, LLC. All rights reserved


Library Journal Review

According to Armstrong, when it comes to investing in "Mother Market," there is no free lunch, and beware of the "performance fairies, voodoo priests, shamans, witch doctors, false profits and charlatans" who offer high returns but shrug their shoulders when the stock market goes south. A financial adviser and founder of Investor Solutions, Inc., Armstrong advises average investors to take responsibility for educating themselves, even when they use the help of stockbrokers. He offers some insight into how brokerage houses operate and cautions investors about reading popular money magazines and listening to what "Wall Street wants you to know." When it comes to stock selection, Armstrong recommends abandoning outmoded ideas. For example, he does not believe that timing the market and past-manager performance are criteria for making sound investments. Instead, he suggests replacing old thinking with new strategies for assessing risk tolerance, focusing more on asset allocation, and considering various types of mutual funds as a way to build a diverse portfolio. Combined with the additional resources listed, this book offers the average investor an adequate background in how to formulate a meaningful investment plan. Recommended for public libraries. Bellinda Wise, Nassau Community Coll. Lib., Garden City, NY (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


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