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All About Asset Allocation
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WHEN IT COMES TO INVESTING FOR YOUR FUTURE, THERE'S ONLY ONE SURE BET--ASSET ALLOCATION THE EASY WAY TO GET STARTED Everything You Need to Know About How To: Implement a smart asset allocation strategy Diversify your investments with stocks, bonds, real estate, and other classes Change your allocation and lock in gains
Trying to outwit the market is a bad gamble. If you're ...more
Trying to outwit the market is a bad gamble. If you're ...more
ebook, Second Edition, 336 pages
Published
July 12th 2010
by McGraw-Hill Education
(first published September 15th 2005)
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Nov 19, 2011
Chad Warner
rated it
it was amazing
·
review of another edition
Recommends it for:
investors
Recommended to Chad by:
The Index Investing Show
Shelves:
finance,
non-fiction
The best book I’ve read on asset allocation. It’s a practical guide to constructing a portfolio based on modern portfolio theory (MPT). Full of recent data (2010), studies, charts and graphs, it’s relatively easy to read, but better for intermediate investors, not beginners.
Research shows that about 90% of portfolio performance depends on asset allocation. I liked the point that the goal of investing isn't to get rich; it's to not get poor. Ferri’s advice: don’t try to outguess the markets, but ...more
Research shows that about 90% of portfolio performance depends on asset allocation. I liked the point that the goal of investing isn't to get rich; it's to not get poor. Ferri’s advice: don’t try to outguess the markets, but ...more
Ferri has been extremely helpful in my financial education. Although I have read most of his material online, I decided to read this book to see if it would be a good read for some of my students and family members.
I think that every person should familiarize themselves with strategic asset allocation and passive index investing. I prefer a simple portfolio that I control and this book is helpful in helping you develop a asset allocation that meets your goals.
One critique, he could of more sim ...more
I think that every person should familiarize themselves with strategic asset allocation and passive index investing. I prefer a simple portfolio that I control and this book is helpful in helping you develop a asset allocation that meets your goals.
One critique, he could of more sim ...more
This was a really helpful book that added a lot to my investment knowledge and helped me know how to make a plan for my future. I highly recommend it to anybody looking to better understand all the jargon about different types of assets and what they do and how to choose which ones might be appropriate for your portfolio.
Here are the notes I took for myself as I read, much of which is taken frum summarized points at the beginning of each chapter of the book.
Investment planning is critical to lon ...more
Here are the notes I took for myself as I read, much of which is taken frum summarized points at the beginning of each chapter of the book.
Investment planning is critical to lon ...more
I enjoyed this book because it presents a balanced view. It's critical of aspects of the financial industry when it needs to be. It walks through the math when it's appropriate. It lays out the basics of building a portfolio while emphasizing that you actually have to fit it to the realities of your life. It is based on principles so that you can react to changing times. As a first book on asset allocation it at least gave me the contours of what's involved so I can continue reading.
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I've read many books on investing and this is the book I would recommend that a new investor read before any others. It may be the only book on the subject they will ever need. The author does a great job of de-mystifying "modern portfolio theory" and providing practical advice on how to apply the research knowledge as an individual investor. His explanation of the technical support for allocation of investment dollars by specific asset classes is the best I've found. It won't satisfy someone wh
...more
With the current banking crisis and volatile markets, many investors are facing a lot of stress. Unfortunately, they may feel even more panicked if they are watching CNBC or listening to their brokers instead of doing their own research and developing a long-term strategy that will give them confidence during market downturns. In his book, "All About Asset Allocation," author Richard A. Ferri (a portfolio manager, professor of finance, and Chartered Financial Analyst) gives readers the investing
...more
This book could be really good but unfortunately is let down in a few areas.
Rick has a good, consistent way of demonstrating and measuring the advantages of diversifying between different asset types. In doing so he also gives a good explanation of modern portfolio theory and the "efficient frontier".
Here's where it falls short:
It is myopically written for Americans. While I can understand that the author might want to stick to the environment and laws with which he is familiar, it would have at ...more
Rick has a good, consistent way of demonstrating and measuring the advantages of diversifying between different asset types. In doing so he also gives a good explanation of modern portfolio theory and the "efficient frontier".
Here's where it falls short:
It is myopically written for Americans. While I can understand that the author might want to stick to the environment and laws with which he is familiar, it would have at ...more
How does this book maintain such a good review average? While it contains a few good pieces of information, the writing is absolutely horrible.
The entire book reads like a high school student essay. You know the type - where the student has to repeat their thesis and main points ad nauseam. This book could be trimmed to less than half its current length and not lose any valuable information. And never mind all the spelling and grammatical mistakes too... (How is this the book's second edition an ...more
The entire book reads like a high school student essay. You know the type - where the student has to repeat their thesis and main points ad nauseam. This book could be trimmed to less than half its current length and not lose any valuable information. And never mind all the spelling and grammatical mistakes too... (How is this the book's second edition an ...more
I took my time with this book to absorb all the data. This is an excellent overview of the theory of asset allocation with plenty of examples mixed in. Highly recommended as a follow on to Intelligent Asset Allocator.
The first part of the book goes over the different asset classes in detail with a lot of examples. Then correlation is covered, showing how weakly correlated asset classes combined in a portfolio can reduce risk and increase return.
The end of the book is a little rushed. It covers ( ...more
The first part of the book goes over the different asset classes in detail with a lot of examples. Then correlation is covered, showing how weakly correlated asset classes combined in a portfolio can reduce risk and increase return.
The end of the book is a little rushed. It covers ( ...more
This is the best nuts-and-bolts investing book I've read. There are a lot of investing books out there that explain how investing works, but they come up short when it comes to explaining exactly how to put together an investment portfolio. This book is the opposite. It focuses entirely on putting together a portfolio, explaining what pieces are needed and why, but it assumes the reader has a general understanding.
This book is based on passive investing and Modern Portfolio Theory, so if you're ...more
This book is based on passive investing and Modern Portfolio Theory, so if you're ...more
Fine refresher on asset allocation and rebalancing. The discussion of taxes and fees is quite clear and helpful. I liked the overview of asset classes and related low cost funds, as well as the discussion of life cycle considerations. The prose is not very inspiring but the language is clear. If you are new to the topic, I would suggest Bernstein's books instead.
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Don't read it unless you are a geek like me.
...more
Interesting book, provided basic concepts on asset allocation and modern portfolio theory.
Some notes:
A. Introduction
1. why?
- Reduce overall portfolio risk
- Eliminate unique and specific risk related to a single security
- Keep all costs and taxes as low as possible
- Keep financial targets on track
-> Minimize risks and maximize returns
2. Some guidelines
- Risks can come from many aspects of life.
- Design portfolio (Investment policy statement) is important. Stick to it is even more important.
- 3 t ...more
Some notes:
A. Introduction
1. why?
- Reduce overall portfolio risk
- Eliminate unique and specific risk related to a single security
- Keep all costs and taxes as low as possible
- Keep financial targets on track
-> Minimize risks and maximize returns
2. Some guidelines
- Risks can come from many aspects of life.
- Design portfolio (Investment policy statement) is important. Stick to it is even more important.
- 3 t ...more
Now, it's not unusual that I take notes while reading books. In fact, my habit of taking structured, summarized, and handwritten notes was developed directly from an arduous curriculum of business and accounting courses and four sections of the CPA exam. Nonetheless, I digress. I must have taken a solid 20+ pages of notes from Ferri's book, not to mention several highlights. One of the best books I've read all year hands down. Albeit, you may have to contain some spark or interest in finance to
...more
Broad exploration of multiple areas related to portfolio management, from a passive investment advocate.
The author contextualizes the process of asset allocation into a risk / return analysis, explaining investment categories, providing examples of index funds, ETFs and portfolio allocations.
From historical analysis and tax implications, technical discussions about correlations and volatility, to personality tests and how to adapt your investments throughout your life; the author provides an inc ...more
The author contextualizes the process of asset allocation into a risk / return analysis, explaining investment categories, providing examples of index funds, ETFs and portfolio allocations.
From historical analysis and tax implications, technical discussions about correlations and volatility, to personality tests and how to adapt your investments throughout your life; the author provides an inc ...more
This is a very informative book about asset allocation. The meat of the book is in part 2, where the author discusses different investment products. Each chapter contains descriptions about a variety of assets in a class and lots of historical data on their risks, return, and correlation with other assets. Other parts include asset allocation basics and portfolio management. They are easy to follow and very educational. I came away with more confidence in portfolio building, and investing in gen
...more
This was my first book on the topic and I learned quite a bit; probably too basic for some people. A reviewer described it as repetitive, but the "All About..." books are primers, so continually reinforcing earlier ideas seems appropriate. Ferri's writing style is engaging and easy to follow. I read the 2nd/2009 edition which was published 10 years ago, but I'm betting most of the information is basic enough to still be relevant.
...more
An excellent treatment of asset allocation principles and strategies, the only major downside is that, like most personal investment literature, targets US investors. If you live in a different country, you need to adapt the asset allocations to your environment and check which index funds or ETFs you can buy, how investment taxation works in your country, etc. Still, I consider this work a must-read for all private investors.
Loved, loved, loved this book. It is well written, contains a lot of detailed information on the different investment asset classes available and the risks associated with them. I learned so much from this book. Rick Ferri explains the complicated financial world in a way that the average person can understand.
This is more about understanding the asset classes and their risks so that you can decide what assets to invest in and less about how to implement an investment plan.
This is more about understanding the asset classes and their risks so that you can decide what assets to invest in and less about how to implement an investment plan.
Book for simple asset allocation
Key Message is to know your risk tolerance, stick to your asset allocation plan.
In bear markets, buy even more of equity stocks to hit your asset allocation amount
In bull markets, sell off your equity stocks due to reversion to mean.
Asset allocation is based on age, but key to ask yourself is whether in a bear market would you do the above and stick to your original asset allocation amount
Key Message is to know your risk tolerance, stick to your asset allocation plan.
In bear markets, buy even more of equity stocks to hit your asset allocation amount
In bull markets, sell off your equity stocks due to reversion to mean.
Asset allocation is based on age, but key to ask yourself is whether in a bear market would you do the above and stick to your original asset allocation amount
Pretty heavy
This is going to be a heavy read for most. It might be a good idea to put this on your book shelf and read up on the subject and get the basics before picking this one up. But they book will explain why you should do everything by breaking down the math. Heavy read, but worth it.
This is going to be a heavy read for most. It might be a good idea to put this on your book shelf and read up on the subject and get the basics before picking this one up. But they book will explain why you should do everything by breaking down the math. Heavy read, but worth it.
Great book on asset allocation. This book is easy to understand and I recommend it to anyone interested in investing. He talks about each asset class and then discusses some different portfolio constructions stressing low cost index funds and etf's
...more
This read gave me a better understanding and appreciation of multi asset class investing. Simple charts and explanations help drive home suggested asset allocation percentages which in return will help me maximize my returns. I hope any way.
Very useful to understand the thinking behind the often touted numbers of investing.
Highly practical, very informative.
Extremely helpful explanation of why investing in commodities for the long haul is a bad idea.
Very interesting expected return vs historic volatility chart of most investment categories
Very interesting expected return vs historic volatility chart of most investment categories
simple, clear writing.
A clearly-written concise book on personal investing
Great book, I think it´s a must have if you are building a portfolio.
One of the top economic books I've read, full of data, studies and objective analysis. You should have a good grasp of financial terms before starting; not for beginners.
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