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Title: Unconventional Investing
Subtitle: Alternative Strategies Beyond Just Stocks & Bonds and Buy & Hold
Author: Michael Hajek III, Tim Higgins
Narrator: David Durand
Format: Unabridged
Length: 6 hrs and 56 mins
Language: English
Release date: 08-11-14
Publisher: Timothy Higgins
Ratings: 4 of 5 out of 18 votes
Genres: Business, Personal Finance & Investing
Publisher's Summary:
When it comes to investing, the conventional wisdom is to buy-and-hold a balanced portfolio of stocks and bonds. However, following the major bear markets that resulted from the popping of the tech and housing bubbles, many investors either questioned the validity of this advice or abandoned the discipline required to follow this strategy. As a result, many surrendered to the emotions of the market, sold at the wrong time, and underperformed. These stock market corrections have left many wondering if there is anything else they can do. Are there other viable options available?
Education is the first step to better investing. Investing in what you know and understand provides the foundation on which to build an unwavering confidence to remain true to your strategic game plan and not fall victim to emotional decisions. This audiobook was written to introduce and explain new and less traditional, unconventional investment strategies for your consideration. Moreover, it explains why, perhaps more than ever, you should be open to these ideas.
Members Reviews:
Unconventional investing is 2 books in one! A great value.
My first official review of anything I've read from Amazon. Better give it some effort, I guess.
Some top-of-mind Pros / Cons
Pro:
1. Doesn't shy away from the numbers of the thing. Face it, Finance is all about numbers and math. (Be prepared to do the work.)
2. Offers a teaching method that is personal, close as if learning from a colleague, not a professor.
3. Pulls in expertise where he knows he is not experienced: Tim's inclusion of Michael Hajek's work demonstrates humility, not the typical arrogance of "the expert."
Con:
1. No index in the back: I wanted one so bad a few times. (There must be an app for that?)
2. Pulls in expertise where he knows he is not experienced: I think the book was standing well on its own without the additional chapter presented by Michael Hajek. I'm really grateful for Hajek's input, but just because Tim has not been able to measure his own results using the strategy doesn't mean it is not valid. If it has been demonstrated, that's good enough for me. Reference Hajek and move on, get this book out there and get the message to us who need this refreshing jolt of realism!
Unconventional investing is 2 books in one! A great value.
The first section is an easy reading tale of woe. It relates an all too familiar and intimate accounting of the state of most middle class families and professionals. I felt like Tim was pointing out and describing a submerged barrier reef to be cautious of while sailing troubled waters.
The second section is difficult but essential to understanding finance and true diversification. It concentrates and expresses the essence of investing freedom: Breaks the Bonds of the 401k handcuff with real-world, albeit esoteric, well-studied (think Yale) recommendations that illustrate, clearly, what can be accomplished.