The gone fishin' portfolio : get wise, get wealthy ... and get on with your life

A timeless investment guide that reveals how to consistently earn market-beating returns while reducing risk What every investor needs is a battle-tested strategy that embraces the uncertainty of financial markets-and life in general. One that will yield market-beating portfolio returns in both good times and bad. The Gone Fishin' Portfolio shows you what that strategy is, how it works, and why you should begin using it immediately. The innovative approach outlined throughout these pages will help investors enjoy a notably high probability of success by using an investment strategy based on the notion that nobody knows what the market is likely to do next, which, in effect, allows investors to capitalize on uncertainty. Details one of the safest and simplest ways to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead The "Gone Fishin' Portfolio" is based on a Nobel Prize-winning investment strategy that takes just twenty minutes to implement Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works The Gone Fishin' Portfolio will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve. THE GONE FISHIN' PORTFOLIO: Get Wise, Get Wealthy—and Get On with Your Life 4 CONTENTS 8 FOREWORD 10 PREFACE 14 ACKNOWLEDGMENTS 18 Part I: Get Wise 20 Introduction 22 Chapter 1: The Unvarnished Truth About Your Money 28 LAY CLAIM TO WHAT'S YOURS 30 LEAVE NOTHING TO CHANCE 31 Chapter 2: The First Step on the Road to Financial Freedom 34 SOMETIMES LESS IS MORE 36 A MATTER OF HOW WE VALUE THINGS 39 Chapter 3: Why Manage Your Own Money? 44 LET THE BUYER BEWARE 46 A TRIO WORTH LISTENING TO 48 Chapter 4: Know What You Don't Know 54 NO, YOU DON'T 56 HUMILITY IS THE ONLY TRUE WISDOM 57 CERTAINTY—A FOOL'S PARADISE 59 Part II: Get Wealthy 64 Chapter 5: Common Stocks 66 HISTORY DOESN'T LIE 69 DON'T GET CAUGHT ON THE SIDELINES 71 A REASON FOR OPTIMISM 74 USING THE PAST TO SAFEGUARD YOUR FUTURE 77 Chapter 6: Don't Buy What Wall Street Is Selling 80 THE MUTUAL FUND ADVANTAGE 81 THE WISER BET 82 THE LOW-FEE WAY TO BEAT THE STREET 84 LOWER COSTS/HIGHER RETURNS 86 A NEEDLESS DRAG ON PERFORMANCE 88 Chapter 7: Your Single Most Important Investment Decision Your Single Most Important Investment Decision 92 SIX CRUCIAL FACTORS 93 IMPORTANCE OF THESE FACTORS IN THE GONE FISHIN' PORTFOLIO 96 HIGHER RETURNS WITH LESS VOLATILITY 97 THE GONE FISHIN' ASSET ALLOCATION MODEL 98 A NOBEL PRIZE-WINNING STRATEGY 101 THE BEAR MARKET PROTECTION KIT 103 Chapter 8: The Gone Fishin' Portfolio Unveiled 108 HOW TO PUT YOUR MONEY TO WORK 109 YOU MAY QUALIFY FOR EVEN LOWER COSTS 114 HOW TO KEEP YOUR PORTFOLIO ON TRACK 115 PUTTING THE GONE FISHIN' PORTFOLIO TO THE TEST 119 A SIMPLE STRATEGY IN A COMPLEX WORLD 121 WHAT TO TELL THE NAYSAYERS 124 THERE IS ONLY ONE OBJECTIVE 131 UNDERSTAND THE GAME TO WIN IT 135 Chapter 9: Why the Gone Fishin' Portfolio Is Your Best Investment Plan 138 THE PLAN THAT OUTPERFORMS PROFESSIONAL MONEY MANAGERS 139 HERE TODAY, GONE THE NEXT 142 STICKING TO THE TRIED AND TRUE 146 Chapter 10: How to Legally Stiff-Arm the IRS 148 PRE-TAX VS. POST-TAX RETURNS 149 THE TAXMAN COMETH 149 EVERYTHING IN ITS PLACE 152 Chapter 11: The ETF Alternative 156 MUTUAL FUNDS THAT TRADE LIKE STOCKS 158 WEIGHING THE ADVANTAGES OF ETFS 160 THE GONE FISHIN' PORTFOLIO 2.0 162 Part III: Get On with Your Life 166 Chapter 12: The Last Two Essentials 168 TAKING AIM 169 FINDING THE BULL'S-EYE 171 HOW TO CALCULATE YOUR “NUMBER” 173 Chapter 13: Your Most Precious Resource 178 THE KEY TO LONG-TERM INVESTMENT SUCCESS 179 A PLAN FOR ALL SEASONS 183 TIME IS ON YOUR SIDE 186 AFTERWORD 188 Appendix A: Vanguard Funds 194 VANGUARD TOTAL STOCK MARKET INDEX 194 VANGUARD SMALL-CAP INDEX FUND 198 VANGUARD EUROPEAN STOCK INDEX FUND 202 VANGUARD PACIFIC STOCK INDEX FUND 206 VANGUARD EMERGING MARKETS STOCK INDEX FUND 210 VANGUARD PRECIOUS METALS AND MINING FUND 214 VANGUARD REIT INDEX FUND 218 VANGUARD SHORT-TERM INVESTMENT-GRADE FUND 222 VANGUARD HIGH-YIELD CORPORATE FUND 225 VANGUARD INFLATION-PROTECTED SECURITIES FUND 230 Appendix B: ETFs 236 VANGUARD TOTAL STOCK MARKET ETF 236 VANGUARD SMALL-CAP ETF 238 VANGUARD EUROPEAN ETF 239 VANGUARD PACIFIC ETF 241 VANGUARD EMERGING MARKETS ETF 242 MARKET VECTORS GOLD MINERS ETF 244 VANGUARD REIT ETF 246 VANGUARD TOTAL BOND MARKET ETF 247 iSHARES iBOXX $ HIGH-YIELD CORPORATE BOND FUND 249 iSHARES LEHMAN TIPS BOND FUND 250 ABOUT THE AUTHOR 252 INDEX 254

Many of us have been conditioned to believe that investing is too difficult and time-consuming to attempt on our own. With so many products to choose from and so many risks involved, a financial "professional" is the only person qualified to handle the money you'll retire on some day, right? The truth is, no one cares more about your money than you do. And with a basic understanding of the investment process and the time-tested strategy offered here, you can successfully manage your own portfolio in less than twenty minutes a year.

In The Gone Fishin' Portfolio, author Alexander Green details an effective yet simple approach to investing that embraces the uncertainty of financial markets, and reveals how you can generate exceptional results during both good times and bad. Page by page, you'll discover how the "Gone Fishin' Portfolio" will allow you to earn superior returns, reduce risk, minimize taxes, and eliminate Wall Street's mountain of fees.

Divided into three comprehensive parts—Get Wise, Get Wealthy, and Get on with Your Life—this reliable resource:

• Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works

• Unveils the "Gone Fishin' Portfolio," addresses why it's arguably the safest and simplest way to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead

• Examines what it means to take your financial destiny into your hands and, at the same time, reclaim your most precious resource—your time

The "Gone Fishin' Portfolio" is based on an investment strategy that won a Nobel Prize in economics. Yet setting it up is a snap and maintaining it is even easier. You'll need less than twenty minutes a year.

The philosophy behind the "Gone Fishin' Portfolio" is based on the best investment thinking available. Investors who have put their money to work this way have enjoyed years of market-beating returns while taking far less risk than being fully invested in stocks. The "Gone Fishin' Portfolio" will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve.

A timeless investment guide that reveals how to consistently earn market-beating returns while reducing risk

What every investor needs is a battle-tested strategy that embraces the uncertainty of financial markets-and life in general. One that will yield market-beating portfolio returns in both good times and bad. The Gone Fishin' Portfolio shows you what that strategy is, how it works, and why you should begin using it immediately.

The innovative approach outlined throughout these pages will help investors enjoy a notably high probability of success by using an investment strategy based on the notion that nobody knows what the market is likely to do next, which, in effect, allows investors to capitalize on uncertainty.

• Details one of the safest and simplest ways to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead
• The "Gone Fishin' Portfolio" is based on a Nobel Prize-winning investment strategy that takes just twenty minutes to implement
• Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works

The Gone Fishin' Portfolio will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve.

A timeless investment guide that reveals how to consistently earn market-beating returns while reducing riskWhat every investor needs is a battle-tested strategy that embraces the uncertainty of financial markets-and life in general. One that will yield market-beating portfolio returns in both good times and bad. __The Gone Fishin' Portfolio__ shows you what that strategy is, how it works, and why you should begin using it immediately.The innovative approach outlined throughout these pages will help investors enjoy a notably high probability of success by using an investment strategy based on the notion that nobody knows what the market is likely to do next, which, in effect, allows investors to capitalize on uncertainty.* Details one of the safest and simplest ways to reach your long-term financial goals, and explores the financial and psychological challenges...__The EPUB format of this title may not be compatible for use on all handheld devices.__ GetAbstract recommends this excellent, straightforward, hype-free and solidly grounded guide to investing. Research analyst and investment adviser Alexander Green draws on portfolio management methods used by the world's biggest institutional investors. He goes straight to the basics, emphasizing financial discipline, saving and awareness of costs. The portfolio he recommends consists entirely of low-cost Vanguard mutual funds, mostly index funds. He recommends keeping 70% of your portfolio in stocks. That recommendation may seem risky, especially in view of volatile stock market performance. However, he cites historical and financial research to demonstrate that, over time, equities have been the highest returning class of investments, even during such catastrophes as the Great Depression. This kind of straight talk is an excellent prophylactic against both the panic of crashes and the euphoria of bubbles THE GONE FISHIN' PORTFOLIO: Get Wise, Get Wealthy -- and Get On with Your Life; THE GONE FISHIN' PORTFOLIO: Get Wise, Get Wealthy -- and Get On with Your Life; CONTENTS; CONTENTS; FOREWORD; FOREWORD; PREFACE; PREFACE; ACKNOWLEDGMENTS; ACKNOWLEDGMENTS; Part I: Get Wise; Part I: Get Wise; Part II: Get Wealthy; Part II: Get Wealthy; Part III: Get On with Your Life; Part III: Get On with Your Life; AFTERWORD; AFTERWORD; Appendix A: Vanguard Funds*; Appendix A: Vanguard Funds*; Appendix B: ETFs; Appendix B: ETFs; ABOUT THE AUTHOR; ABOUT THE AUTHOR; INDEX; INDEX.;"The Gone Fishin' Portfolio" reveals a specific investment system that offers an understanding of the fundamental relationship between risk and reward in the financial markets as well as an insider's view of how the investment industry really works.