From Publishers Weekly
Popular CBS Marketwatch columnist Farrell provides a thoroughly enjoyable and straightforward look at what he sees as "the future of investing"-"simple lazy portfolios that'll work for anyone and are easy to understand." He provides three different model portfolios based on one simple formula: "rock-solid, easy-to-understand asset allocation using no-load index funds." Farrell is a huge proponent of no-load funds such as the Vanguard 500 Index, which tracks the Standard & Poor 500 listing of America's largest companies, and the Vanguard Total Bond Market Fund Index, which matches the performance of the Lehman Brothers Aggregate Bond Index. Farrell persuasively argues that the strong long-term performance of these funds, even during hard market times-along with the strong performance of other Vanguard index funds such as those for large-cap and small-cap value-proves that "the only rational strategy" for the vast majority of America's 94 million mutual fund investors is "a simple buy 'n' hold strategy" that diversifies portfolio assets across multiple categories of assets. Packed with clear examples of how regular people can easily handle their own investments, Farrell's guide also takes on other sacred cows, such as Wall Street's belief that brokers know more than you do, and provides an exciting and illuminating section on no-load stocks, or DRIPs, which he calls "Wall Street's best-kept secret." Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.


Book Description
At last, a book perfectly designed to deal with the common anxieties most people have about handling their financial investments--without taking up all of their time.In today's volatile market, jittery nerves are the norm when it comes to saving and investing for the future. But with these keep-it-simple, easy-to-understand, and time-tested strategies that--best of all--take very little time or energy to maintain, readers can relax. Dr. Farrell has reviewed all of the successful investment strategies and distilled them so that even the most inexperienced investor can plan a successful financial strategy.


About the Author
Dr. Paul Farrell lives in Arroyo Grande, California.

FROM THE PUBLISHER

Most people think that you have to buy and sell the right stocks at the right time to make big money on Wall Street. In this enlightening, entertaining guide, veteran financial commentator Dr. Paul Farrell shows you how to grow a seven-figure nest egg without midnight jitters, time-consuming study, or paying a nickel in commissions to stockbrokers and others who get their piece of the pie by helping themselves to a chunk of yours. "Market timing is for chumps," says Dr. Farrell. "You want a portfolio that works without you having to sit through any schooling about what to buy, when to sell, how to mix and allocate, what to pay, where the heck the economy and the market are going." Now one book teaches you how to create and use that kind of portfolio -- where the only excitement you get is from the millionaire's nest egg you collect in the end...

You don't trust your brokers as far as you can drop-kick them. Stock market listings make your eyes swim. And you'd rather watch paint dry than study financial statements. Guess what! There's a simple, hassle-free, timetested, and low-cost way to outsmart the experts and gain financial security... In this straightforward and easy-to-follow guide, nationally known columnist and stock market commentator Dr. Paul Farrell shows you exactly how to build wealth with your personal portfolio or 401(k) -- even if you hate numbers and finance. In fact, you'll discover that the Wall Street wonder boys, the brokers who play "portfolio management" with other people's money, quietly invest their own private nest eggs in the same way that Dr. Farrell suggests you invest yours. Free hint: The sooner you start, the more your money can grow and compound -- until you're ready to put a kid through college or retire. That's why you need to start relaxing with The Lazy Person's Guide to Investing today!

FROM THE CRITICS

Publishers Weekly

Popular CBS Marketwatch columnist Farrell provides a thoroughly enjoyable and straightforward look at what he sees as "the future of investing"-"simple lazy portfolios that'll work for anyone and are easy to understand." He provides three different model portfolios based on one simple formula: "rock-solid, easy-to-understand asset allocation using no-load index funds." Farrell is a huge proponent of no-load funds such as the Vanguard 500 Index, which tracks the Standard & Poor 500 listing of America's largest companies, and the Vanguard Total Bond Market Fund Index, which matches the performance of the Lehman Brothers Aggregate Bond Index. Farrell persuasively argues that the strong long-term performance of these funds, even during hard market times-along with the strong performance of other Vanguard index funds such as those for large-cap and small-cap value-proves that "the only rational strategy" for the vast majority of America's 94 million mutual fund investors is "a simple buy 'n' hold strategy" that diversifies portfolio assets across multiple categories of assets. Packed with clear examples of how regular people can easily handle their own investments, Farrell's guide also takes on other sacred cows, such as Wall Street's belief that brokers know more than you do, and provides an exciting and illuminating section on no-load stocks, or DRIPs, which he calls "Wall Street's best-kept secret." (Jan.) Copyright 2003 Reed Business Information.

Library Journal