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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WHAT A WONDERFUL WORLD

A LIFETIME OF RECORDINGS

Noted jazz and pop record producer Thiele offers a chatty autobiography. Aided by record-business colleague Golden, Thiele traces his career from his start as a ``pubescent, novice jazz record producer'' in the 1940s through the '50s, when he headed Coral, Dot, and Roulette Records, and the '60s, when he worked for ABC and ran the famous Impulse! jazz label. At Coral, Thiele championed the work of ``hillbilly'' singer Buddy Holly, although the only sessions he produced with Holly were marred by saccharine strings. The producer specialized in more mainstream popsters like the irrepressibly perky Teresa Brewer (who later became his fourth wife) and the bubble-machine muzak-meister Lawrence Welk. At Dot, Thiele was instrumental in recording Jack Kerouac's famous beat- generation ramblings to jazz accompaniment (recordings that Dot's president found ``pornographic''), while also overseeing a steady stream of pop hits. He then moved to the Mafia-controlled Roulette label, where he observed the ``silk-suited, pinky-ringed'' entourage who frequented the label's offices. Incredibly, however, Thiele remembers the famously hard-nosed Morris Levy, who ran the label and was eventually convicted of extortion, as ``one of the kindest, most warm-hearted, and classiest music men I have ever known.'' At ABC/Impulse!, Thiele oversaw the classic recordings of John Coltrane, although he is the first to admit that Coltrane essentially produced his own sessions. Like many producers of the day, Thiele participated in the ownership of publishing rights to some of the songs he recorded; he makes no apology for this practice, which he calls ``entirely appropriate and without any ethical conflicts.'' A pleasant, if not exactly riveting, memoir that will be of most interest to those with a thirst for cocktail-hour stories of the record biz. (25 halftones, not seen)

Pub Date: May 1, 1995

ISBN: 0-19-508629-4

Page Count: 224

Publisher: Oxford Univ.

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: March 1, 1995

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