Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals

by Zvi Bodie, Michael J. Clowes, Ian Sykes

Make sure your money will be there when you need it--for retirement, college, or anything else--Worry-Free Investing outlines Six Steps to Worry-Free Investing for every risk-averse investor. Drawing on little-known U.S. government investments and three powerful risk-reduction strategies, it virtually eradicates risk and guarantees returns in excess of inflation. Endorsed by three Nobel Laureates in Paul Samuelson, Robert Merton, and Francisco Modigliani!

Genres: Finance, Nonfiction

242 pages, Hardcover

First published January 1, 2003

About the author

Zvi Bodie is the Norman and Adele Barron Professor of Management at Boston University. He has published widely on pension finance and investment strategy in leading professional journals.

Bodie's books include Foundations of Pension Finance, Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System. His textbook, Investments, is the market leader and is used in the certification programs of the CFA Institute and the Society of Actuaries. His textbook Financial Economics is coauthored by Robert C. Merton.

He has served on the finance faculty at the Harvard Business School and MIT Sloan School of Management. He sits on the QFINANCE Advisory Board.[citation needed] In 2007 the Retirement Income Industry Association gave Bodie their Lifetime Achievement Award for applied research.

He holds a Ph.D in economics (1975) from the Massachusetts Institute of Technology.

Reviews

[PVLD Reads · Rating 4 out of 5]

A way of thinking about retirement for the highly risk-averse, do it yourself investor who can't stomach the uncertainty of stocks but wants to provide sufficient funds for a decent retirement. Through the use of treasury-inflation protected securities, the authors create a safe, reasonable plan.

Reviewed by Summer Reading Program reader. Find it at the library here

[Dave · Rating 2 out of 5]

Overly simplistic and too complicated all at the same time. He argues against dollar cost averaging and for the use of options? Wow.

[Jeff · Rating 3 out of 5]

One tool in your investing toolkit are inflation-protected securities, in mutual funds best known as TIPS. There are some good pointers here, like investing in I bonds, but the take home is that one can consider as they get older investing in nearly 100% TIPS to preserve what they have saved during their working lives.

[Doug · Rating 1 out of 5]

Outdated guidance on inflation linked government bonds...which have been returning near 0% for the last several years...