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If you've ever wondered how investors continue to achieve substantial market-beating investment returns with portfolios that seem to grow and grow, "The Little Book that Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets" will reveal some secrets. The book is written by David Darst, also known as Mr. Asset Allocations, who shows you how to use savvy asset allocation strategies that you can employ to invest like the rich.
This dynamic and easy-to-understand book allows you to rethink your asset allocation strategies and make the leap from mediocre to stellar returns. It provides insights into the investment strategies used by the wealthy to maintain their wealth, even in volatile market conditions.
The book emphasizes the importance of diversification and asset allocation in building a portfolio that can withstand market ups and downs. Darst explains how the wealthy often use a combination of different asset classes, such as stocks, bonds, real estate, and alternative investments, to create a well-balanced and resilient portfolio.
One of the key strategies discussed in the book is the concept of "risk parity," which involves allocating capital across different asset classes based on their level of risk, rather than their potential return. This approach aims to create a portfolio that is less vulnerable to market swings and can generate consistent returns over the long term.
The book also covers the importance of tax-efficient investing, highlighting strategies that the wealthy use to minimize their tax burden and maximize their investment returns. This includes the use of tax-advantaged vehicles, such as retirement accounts and tax-deferred investments.
Moreover, the book delves into the psychological aspects of investing, exploring the mindset and behaviors that often underpin the success of the wealthy. Darst emphasizes the importance of discipline, patience, and a long-term perspective in achieving sustainable investment returns.
Overall, "The Little Book that Saves Your Assets" provides a comprehensive and accessible guide to the investment strategies and principles used by the wealthy. By implementing the lessons and strategies outlined in the book, readers can potentially improve their own investment performance and work towards achieving their financial goals.
product information:
Attribute | Value | ||||
---|---|---|---|---|---|
publisher | John Wiley & Sons Inc; 1st edition (January 1, 2008) | ||||
language | English | ||||
hardcover | 207 pages | ||||
isbn_10 | 0470250046 | ||||
isbn_13 | 978-0470250044 | ||||
item_weight | 9.9 ounces | ||||
dimensions | 5.25 x 1 x 7.25 inches | ||||
best_sellers_rank | #1,315,255 in Books (See Top 100 in Books) #1,637 in Real Estate Investments (Books) #1,675 in Stock Market Investing (Books) #14,514 in Economics (Books) | ||||
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