Gone Fishin’ Investment Strategy

Colleague Alex Green has written a marvelous new book – called The Gone Fishin’ Portfolio. We mentioned it yesterday. Today, we offer a little more detail.

Investment strategies that are complicated almost never work. Either they are inherently parasitic (like hedge funds) or self-destructively dangerous (like betting on currency moves) or you forget what you are doing and blow them up yourself. The best strategies are extremely simple – as Warren Buffett has proven.

Alex Green, director of investment at the Oxford Club, proposes a very simple approach. You just develop the discipline of putting money in simple, low-cost investment vehicles – such as ETFs and no-load funds. All you have to do is to rebalance your portfolio only once a year, and stick with it. It’s not the kind of investment strategy that makes the investment industry rich. It’s not the kind that gives you hot tips you can share with your neighbors. But it is the kind of strategy that turns you into the millionaire of your neighborhood.

http://www.amazon.com/exec/obidos/ASIN/0470112670/ref=nosim/agora182-20

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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3 Comments on "Gone Fishin’ Investment Strategy"

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Mireille
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Too simple. No way to cheat. Can’t make money. Is there anyone who will offer this?

mugabe
Guest

THis strategy would not have worked well this year

Dezza
Guest

who cares if it wouldn’t work well this year? i haven’t read this book but i’m betting it advocates long term investing, low fee investing. time and compound interest are your biggest allies.

wpDiscuz
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