The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments

Preface

Each of the prior eight books I have written reflects what I have learned in my almost forty years of managing financial risks for major corporations and advising individuals, institutions, and corporations on the management of financial risks.

Included among my books is the trilogy of "Only Guides." The first focuses on equities, the second on bonds, and the third on alternative investments. Each presents what one might call the "science" of investing: evidence based on peer-reviewed academic studies. The "Only Guides" explore the best investment vehicles to use, the risks and rewards of major asset classes, specific types of investments, and the benefits of a globally diversified portfolio. The books even present model portfolios, but these are meant as starting points only. Each investor has a unique ability, willingness, and need to take risk.

What investors need today is a book offering more specific investment advice, one focusing on the "art" of investing and guiding investors to adapt a winning investment strategy to their own situation. That is what this book is all about.

This "Only Guide" addresses a wide range of investment issues. For example, who should consider owning more small-cap stocks, value stocks, and emerging market stocks, and who should consider owning less of them? It also addresses the often-overlooked subjects of asset location (as opposed to allocation), withdrawal strategies in retirement, and when and how to take Social Security benefits. Most ...