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The Only Guide to Alternative Investments You'll Ever Need: The Good, the Flawed, the Bad, and the Ugly

The Only Guide to Alternative Investments You'll Ever Need: The Good, the Flawed, the Bad, and the Ugly
By Larry E Swedroe, Jared Kizer

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Product Description

In times of uncertainty, investors look for ways to protect their principal and still earn a good return. Financial advisers Larry Swedroe and Jared Kizer say the best approach is to add carefully chosen alternative investments to traditional stock and bond portfolios. In this, the third book in the popular The Only Guide Youll Ever Need series, the authors detail twenty alternative investments, explaining which to consider seriously and which to avoid entirely. They make specific recommendations about the best ways to access each investment, address tax and liquidity issues, and create an allocation and implementation strategy.


Product Details

  • Amazon Sales Rank: #47129 in Books
  • Published on: 2008-11-12
  • Original language: English
  • Number of items: 1
  • Binding: Hardcover
  • 289 pages

Features


Editorial Reviews

Review
A major success of this book is its demonstration of how to obtain the purported benefits of nontraditional asset classes more cost-effectively through adjustments to the reliable old stock-bond-cash allocation. --Martin Fridson, The Investment Professional

The authors provide a wealth of information, provocative insight, and simple 'food for thought' that can encourage both the novice investor or the financial professional to 'think outside the box' and fashion more creative and effective investment strategies for this volatile time. Required reading in this new era of personal finance. --Estate Planning Magazine

Review

“A timely and valuable book. These are good-sense judgments that every investor should pay attention to.”—Jane Bryant Quinn, author, “Smart and Simple Financial Strategies for Busy People”



“There is plenty of good information in this book for sophisticated investors to consider. The authors make this information accessible to novices as well by explaining everything in plain language, including a long glossary that demystifies the terms used in the book, annotating their text with the sources of their research and offering a reading list for  ‘serious investors’ (even though they believe ‘there should be no other kind’).”—Hazel Becker, www.nuwireinvestor.com



“A major success of  [this book] is its demonstration of how to obtain the purported benefits of nontraditional asset classes more cost-effectively through adjustments to the reliable old stock-bond- cash allocation.”—Martin Fridson, “The Investment Professional”



"A timely and valuable book. These are good-sense judgments that every investor should pay attention to." (Jane Bryant Quinn )

"There is plenty of good information in this book for sophisticated investors to consider. The authors make this information accessible to novices as well by explaining everything in plain language, including a long glossary that demystifies the terms used in the book, annotating their text with the sources of their research and offering a reading list for `serious investors' (even though they believe `there should be no other kind')." (Hazel Becker www.nuwireinvestor.com )

"A major success of [this book] is its demonstration of how to obtain the purported benefits of nontraditional asset classes more cost-effectively through adjustments to the reliable old stock-bond- cash allocation." (Martin Fridson The Investment Professional )

From the Back Cover

Praise for The Only Guide to Alternative Investments You'll Ever Need 

“Larry Swedroe and Jared Kizer have written a different sort of investment book, and one that has been sorely needed: a comprehensive guide to the theory, peer-reviewed literature, and practical nitty-gritty of actually deploying portfolio assets. It is a gold mine for even the most experienced of practitioners, and a vital lifeline for small investors. This volume is destined to become the most marked and Post-it–noted tome on the average investment shelf.”

—William Bernstein

Author, The Intelligent Asset Allocator and The Four Pillars of Investing

 

“What’s missing in your library? Larry’s new Alternative Investments! You’ve already got tons of books on stocks, bonds, and funds. The Only Guide to Alternative Investments You’ll Ever Need is all about the future of investing, the new stuff that’ll give you an edge in the twenty-first century. An absolute must-read!”

—Paul B. Farrell, JD, PhD

Columnist, DowJones-MarketWatch

Author, The Millionaire Code, The Winning Portfolio, and The Lazy Person’s Guide to Investing

 

“Swedroe and Kizer provide a thorough analysis of the pros and cons of each alternative investment. They recommend ‘good’ alternatives to add to a diversified portfolio of high-grade bonds and stocks. Perhaps more important, they warn investors about the dangers of truly ‘bad’ and ‘ugly’ alternatives."

—Dr. William Reichenstein, CFA

Pat and Thomas R. Powers Chair in Investment Management, Hankamer School of Business, Baylor University

 

 

“Swedroe and Kizer have sorted through the clutter and confusion of alternative investments to provide the authoritative voice on these much hyped and frequently misunderstood financial products. Kudos to them for sharing their wisdom in a manner that can be easily understood by all.”

—Bill Schultheis

Author, The Coffeehouse Investor


Customer Reviews

Another Great Book by Larry Swedroe5
This book is so well written and educational that I read it from cover to cover in only a few days. I found the arguments for the "good" investments well supported, and the explanation for the "flawed," "bad" and "ugly" convincing and supported by facts and research. I only wish that this book was available before I bought some of the bad and ugly investments in the past. As with Swedroe's other publications, he has again provided the average investor with valuable knowledge without any hype or noise.

Alternatives to equities aren't just for bad times5
With the stock market in turmoil, investors are looking for alternatives. Larry Swedroe's latest book with Jared Kizer suggests some alternatives that probably belong in our portfolios regardless of what the market decides to do.

Larry Swedroe and Jared Kizer examine twenty different alternative investments, and arrive at six that may be keepers for your portfolio. They also point out those that should be avoided like the flu, regardless of how exciting the sales pitch is. Professionally and personally, I've always found that advice on what to avoid can often be more valuable than advice on what to buy.

Swedroe and Kizer note the roles that real estate, TIPS, commodities, international stocks, fixed annuities, and stable-value funds can successfully play in our portfolios. If we buy them, they should be for the right reasons as performance-chasing occurs across all asset classes.

Current market conditions make this book very timely as it does a great job of explaining how you can implement alternative investments into your portfolio now and in the future.

Excellent Book on Alternative Investments!5
As an investment advisor and co-host of a financial radio program I have read a voluminous amount of investment material from a host of authors over the years. Larry is clearly one of the best financial writers I have come across. This book illuminates the reader on a myriad of investment strategies that are rarely understood by most investors and financial professionals. His writing style is entertaining, informative and supported by solid empirical evidence. Summarizing a quote from Larry Swedroe, "there is a difference between information and knowledge, information is a fact or piece of data, knowledge is information that can be put into practical use to make better decisions". This book provides the reader with practical knowledge on less understood, alternative investments. I recommend this book to all investors and I would also recommend checking out Larry's other books.

Kenneth R. Smith. CFP®, MS
CEO Empirical Wealth Management LLC