A superb how-to manual for the motivated self-investor and an authoritative retirement handbook for anyone who wants to know...

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The Death of Buy and Hold

HOW NOT TO OUTLIVE YOUR MONEY — INVESTING FOR, AND IN, RETIREMENT

A comprehensive debut guide to smart, do-it-yourself investing with an emphasis on saving for retirement.

Minnucci, a former mining engineer who retired early, seems to have cracked the code of retirement investing and become his own best adviser. Thankfully, he shares his considerable knowledge in a book that’s highly readable, remarkably thorough, and filled with fact-based, sensible investment counsel in which the author serves as both educator and cheerleader. He offers a solid historical basis for having faith in stocks, replete with examples and tables, while also recognizing the value of “high-volatility hedges,” such as precious-metal equities, and “low-volatility hedges,” such as bonds. He provides a cogent, well-written overview of multiple investment vehicles, including U.S. and international large-cap stocks, small-cap stocks, value stocks, mutual funds, and exchange-traded funds. But these are just building blocks; the real strength of the book is its detailed, step-by-step approach to structuring a well-diversified portfolio and understanding how to protect and preserve its value over time. Along the way, Minnucci covers such key concepts as diversification (with a stimulating discussion of “the principle of compromise” and “the principle of correlation”), portfolio optimization, dollar cost averaging, tax-loss harvesting, and, perhaps most important, portfolio rebalancing, which he calls “the secret sauce.” He targets his investment discussion specifically to those thinking of retirement, focusing heavily on reducing risk. To that end, he provides a simple formula for calculating a withdrawal rate, discusses how to reduce expenses, and considers the impact of Social Security benefits on retirement income. One of the book’s more intriguing chapters, “How to Do Nothing,” features a “Rational Decision-Making Pledge” designed to help a retired married couple ensure their commitment to a buy-and-hold investment strategy, supplemented by a “six-step process” to avoid the mistake of making emotional investment decisions. Also included is intelligent retirement investment advice for those who are still working.

A superb how-to manual for the motivated self-investor and an authoritative retirement handbook for anyone who wants to know how to put investment theory into real-world practice. 

Pub Date: Jan. 27, 2015

ISBN: 978-0-9862253-0-7

Page Count: 432

Publisher: Capital Strategies Press

Review Posted Online: June 17, 2016

Kirkus Reviews Issue: Aug. 1, 2016

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Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis...

THE ELEMENTS OF STYLE

50TH ANNIVERSARY EDITION

Privately published by Strunk of Cornell in 1918 and revised by his student E. B. White in 1959, that "little book" is back again with more White updatings.

Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis (whoops — "A bankrupt expression") a unique guide (which means "without like or equal").

Pub Date: May 15, 1972

ISBN: 0205632645

Page Count: 105

Publisher: Macmillan

Review Posted Online: Oct. 28, 2011

Kirkus Reviews Issue: May 1, 1972

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IN MY PLACE

From the national correspondent for PBS's MacNeil-Lehrer Newshour: a moving memoir of her youth in the Deep South and her role in desegregating the Univ. of Georgia. The eldest daughter of an army chaplain, Hunter-Gault was born in what she calls the ``first of many places that I would call `my place' ''—the small village of Due West, tucked away in a remote little corner of South Carolina. While her father served in Korea, Hunter-Gault and her mother moved first to Covington, Georgia, and then to Atlanta. In ``L.A.'' (lovely Atlanta), surrounded by her loving family and a close-knit black community, the author enjoyed a happy childhood participating in activities at church and at school, where her intellectual and leadership abilities soon were noticed by both faculty and peers. In high school, Hunter-Gault found herself studying the ``comic-strip character Brenda Starr as I might have studied a journalism textbook, had there been one.'' Determined to be a journalist, she applied to several colleges—all outside of Georgia, for ``to discourage the possibility that a black student would even think of applying to one of those white schools, the state provided money for black students'' to study out of state. Accepted at Michigan's Wayne State, the author was encouraged by local civil-rights leaders to apply, along with another classmate, to the Univ. of Georgia as well. Her application became a test of changing racial attitudes, as well as of the growing strength of the civil-rights movement in the South, and Gault became a national figure as she braved an onslaught of hostilities and harassment to become the first black woman to attend the university. A remarkably generous, fair-minded account of overcoming some of the biggest, and most intractable, obstacles ever deployed by southern racists. (Photographs—not seen.)

Pub Date: Nov. 1, 1992

ISBN: 0-374-17563-2

Page Count: 192

Publisher: Farrar, Straus and Giroux

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: Sept. 1, 1992

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