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The Lazy Person's Guide to Investing

A Book for Procrastinators, the Financially Challenged, and Everyone Who Worries about Dealing with Their Money

Audiobook
1 of 1 copy available
1 of 1 copy available

Popular CBS Marketwatch columnist Farrell provides a thoroughly enjoyable and straightforward look at what he sees as "the future of investing"-"simple lazy portfolios that'll work for anyone and are easy to understand." He provides three different model portfolios based on one simple formula: "rock-solid, easy-to-understand asset allocation using no-load index funds." Farrell is a huge proponent of no-load funds such as the Vanguard 500 Index, which tracks the Standard & Poor 500 listing of America's largest companies, and the Vanguard Total Bond Market Fund Index, which matches the performance of the Lehman Brothers Aggregate Bond Index. Farrell persuasively argues that the strong long-term performance of these funds, even during hard market times-along with the strong performance of other Vanguard index funds such as those for large-cap and small-cap value-proves that "the only rational strategy" for the vast majority of America's 94 million mutual fund investors is "a simple buy 'n' hold strategy" that diversifies portfolio assets across multiple categories of assets.

Packed with clear examples of how regular people can easily handle their own investments, Farrell's guide also takes on other sacred cows, such as Wall Street's belief that brokers know more than you do, and provides an exciting and illuminating section on no-load stocks, or DRIPs, which he calls "Wall Street's best-kept secret."

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    • AudioFile Magazine
      Aimed at "procrastinators, the financially challenged, and everyone who worries about dealing with their money," this smartly read lesson has a single point: Investors in stock and bond index funds earn more than those who trade individual stocks. Nick Summers is a solid choice for this brief and snappy presentation. His tone is silky, and his moderate level of intensity is perfect for the writing, which at times grabs listeners by the lapels to make a point. The author recommends dividing assets into four types of no-fee funds. These funds, he says, consistently outperform the market as a whole and provide higher returns than are earned by most Wall Street brokers and individual stock pickers. T.W. (c) AudioFile 2006, Portland, Maine
    • Publisher's Weekly

      September 4, 2006
      This power-to-the-people personal finance book is heavy on motivation: investing is not rocket science; anyone can get started with as little as $25 a month; various financial products eliminate the middle man and charge waifishly thin expenses (which, as Farrell notes, is the only sure-fire way to get a great return). Summers brings great enthusiasm to Farrell's populist manifesto, whether he is praising Vanguard to the skies (does Vanguard get a kickback for this gushing and relentless product endorsement?) or urging people to set up foolproof automatic investments from their paychecks or checking accounts. At times, the marriage of Summers's syrupy voice and some of Farrell's cheesier examples—such as a monkey that allegedly got better returns than Wall Street gurus merely by choosing investments at random—can err on the juvenile side. Also, the gimmicky names of Farrell's various portfolios, such as the Couch Potato and the No-Brainer, begin to run together in the audio version. Still, there is solid advice, and Summers is a competent and sometimes charming narrator. Simultaneous release with the Warner paperback (Reviews, Dec. 15, 2003).

    • Publisher's Weekly

      December 15, 2003
      Popular CBS Marketwatch
      columnist Farrell provides a thoroughly enjoyable and straightforward look at what he sees as "the future of investing"—"simple lazy portfolios that'll work for anyone and are easy to understand." He provides three different model portfolios based on one simple formula: "rock-solid, easy-to-understand asset allocation using no-load index funds." Farrell is a huge proponent of no-load funds such as the Vanguard 500 Index, which tracks the Standard & Poor 500 listing of America's largest companies, and the Vanguard Total Bond Market Fund Index, which matches the performance of the Lehman Brothers Aggregate Bond Index. Farrell persuasively argues that the strong long-term performance of these funds, even during hard market times—along with the strong performance of other Vanguard index funds such as those for large-cap and small-cap value—proves that "the only rational strategy" for the vast majority of America's 94 million mutual fund investors is "a simple buy 'n' hold strategy" that diversifies portfolio assets across multiple categories of assets. Packed with clear examples of how regular people can easily handle their own investments, Farrell's guide also takes on other sacred cows, such as Wall Street's belief that brokers know more than you do, and provides an exciting and illuminating section on no-load stocks, or DRIPs, which he calls "Wall Street's best-kept secret."

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  • English

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