The Frugal Investor: How to Build a Low-Risk, High-Return Portfolio

From BooklistSelf-described ex-stockbroker, now "asset manager," Spiering has a low opinion of his former fellow registered representatives, calling them less-than-knowledgeable "licensed pickpockets." To avoid the fleecing he says is inevitable, Spiering provides unusual advice on how investors can minimize or eliminate altogether brokers' sales commissions, intermediary fees, and transaction fees by purchasing or taking advantage of U.S. Treasury Department instruments, short-term CDs, dividend reinvestment (DRIP) and optional cash purchase plans, no-load funds, and discount brokerage houses. One of his suggestions is to buy only single shares of those stocks that have DRIPs, and have additional shares accumulate through automatic purchases using dividends. He also serves up a potluck of investment cornerstones, rules, and commandments by sampling tips from "investors" as varied as Peter Lynch (One Up on Wall Street and Beating the Street), M*A*S*H* television series dropout Wayne Rogers, and Chicago newspaperman and playwright Ben Hecht. Spiering also considers the often overlooked aspect of portfolio liquidation, explaining when best to draw down or reallocate assets. Recommended for popular investment collections. David RouseProduct DescriptionThis guide explains how to cut securities acquisition costs to the absolute bone in four basic asset classes: cash equivalents, domestic equities, fixed-income securities, and international securities. It is the first book to combine value-oriented investing tips with the techniques of multiasset allocation - without question the coming trend in private investing.Read The Frugal Investor for step-by-step instructions on acquiring, holding, reallocating, and liquidating a multiasset portfolio at the minimum cost. Spiering supplies specific product recommendations and, just as important, lists products the average investor may not want to get involved with - such as real estate, collectibles, precious metals, and exotic investments.About the AuthorScott Spiering is president of Spiering & Company.
Author: Spiering, Scott

Publisher: AMACOM

Binding: Hardcover

Language: English

ISBN-10: 0814402704

ISBN-13: 9780814402702