Yes, You Can Supercharge Your Portfolio! by Ben Stein, Phil Demuth

Step 1: Evaluate your needs before deciding on your investments. Starting out with trying to select the right investments is looking through the wrong end of the rifle. Step 2: Realize that its your whole portfolio that matters. Modern Portfolio Theory was developed back in 1952: Its time to stop investing the way people did when (How Much Is That) Doggie in the Window topped the Hit Parade and kick your portfolio into the rock n roll era. Step 3: Take on risk intelligently. Knowing your returns without understanding the risks you take to get them is like only knowing one teams score in a football game. Step 4: Diversity. Unless you deliberately practice extreme diversification, your portfolio will end up being blandly underdiversified, and you will pay for it by collecting subpar risk-adjusted returns. Step 5: Use a Monte Carlo simulator to test-drive your portfolio on the track before putting your money at risk in the real world. It can keep you from crashing and burning. Professionals do it, and you should, too. Step 6: Do a portfolio reality check. Dont put a penny in the gumball machine unless you can see the gumball inside the machine. Even the most brilliant analysis of your holdings wont help if youre otherwise making beginner investment bloopers. Book jacket.

Author: Ben Stein, Phil Demuth

Language: English

Binding: Paperback

Pages: 178

Publisher: Hay House Inc.

Publication Date: 2009-01-01