Never Buy Another Stock Again : The Investing Portfolio That Will Preserve Your Wealth and Your Sanity

Want to build long-term, sustainable wealth? Stay out of individual stocks! Discover why they’re now a terrible investment... then learn how to create a holistic, “big picture” portfolio that balances cash, real estate, retirement funds, savings, and carefully limited roles for mutual funds and ETFs. Safer, smarter, more profitable!

'Gaffen uses wit and simple language to break down the wall of lingo Wall Street puts up so investing seems mysterious and overly complex–so they can sell you something. Never Buy Another Stock Again helps investors understand how the system really works. It’s a great read for anyone with money in the market–or anyone just thinking about diving in.'

–Aaron Task, Wall Street Correspondent, Host of Tech Ticker, Yahoo! Finance

'From his vantage points at The Wall Street Journal and Reuters, Gaffen has had a front row seat to the madness of the dot-com bubble and crash, the run up to the 2007 peak, and the 2008-2009 crash. His readers are rewarded with intelligent and insightful commentary on markets, investing, and the madness of crowds. Gaffen brings the same smart approach to this book, Never Buy Another Stock Again.'

–Barry Ritholtz, Author of Bailout Nation and Founder of The Big Picture blog

Stop Buying Stocks!

• An investing strategy for people sick of individual stocks
• Why buying stocks is an even worse strategy than you thought
• How to cut costs and risks, earn solid returns, and sleep at night
• By top Reuters financial journalist David Gaffen, founder of The Wall Street Journal’s MarketBeat

Millions of people have sacrificed their futures to disastrous stock performance. But you don’t have to 'suck it up' and accept massive losses. Never Buy Another Stock Again offers you a common-sense approach to investing that helps you earn solid returns with less cost, less risk, and less fear.

Top financial journalist David Gaffen identifies portfolio components and asset classes that make sense when individual stocks don’t…shows how to avoid trendy new investments that are just as bad as stocks…and helps you use cash wisely, carefully profit from ETFs and index funds, and offset the risks of any stocks you choose to keep.

Want to build wealth that won’t be washed away by the next stock price collapse? Never Buy Another Stock Again!

Want to build long-term, sustainable wealth? Then stay out of the stock market! That's radically different advice from what the "experts" have served up for decades... but look at the miserable results those pundits have delivered! Investors who've chosen equity-based buy-and-hold approaches have seen their assets decline dramatically: not just for a year, but often for decades. Fortunately, there are better ways to invest — and Never Buy Another Stock Again reveals them. Renowned Reuters financial journalist David Gaffen first explains why stocks are an even worse short- and long-term investment than you realize. Next, he shows how to create a balanced portfolio that reflects a "big-picture," holistic approach, intelligently incorporating cash, real estate, retirement funds, savings, and other holdings. Gaffen's strategies rely primarily on investments outside the stock market, while identifying strictly limited roles for mutual funds and ETFs. Readers will learn how to: dramatically reduce investing costs that can kill your returns; invest in an environment where double-digit returns can never be expected; overcome huge flaws in conventional diversification strategies; and offset risks associated with existing equity ownership. Starting over -- Advice to ignore -- Love your emotions, don't trade them -- Investment strategies that turn into nightmares for the portfolio -- You have more options than just sucking it up and accepting losses -- When diversification does not diversify -- Buying a portfolio and selling it -- ETFS : a stock by any other name -- Crude and rude : commodities, bonds, and everything else you should (and shouldn't) buy -- Putting it all together -- The outlook for the future