Reddit reviews Fail-Safe Investing: Lifelong Financial Security in 30 Minutes
We found 6 Reddit comments about Fail-Safe Investing: Lifelong Financial Security in 30 Minutes. Here are the top ones, ranked by their Reddit score.
St Martin s Griffin
My recommended reading list includes One Up on Wall Street, Fail-Safe Investing, The Black Swan, How an Economy Grows and Why It Crashes, and Extraordinary Popular Delusions and The Madness of Crowds. The first book talks about picking individual stocks based on what you already know, the second about structuring a portfolio for growth while still playing defense, the third about common fallacies and hubris, the fourth about basic economics, and the fifth about irrational behavior.
If your money is sitting in a US bank account, then you're making a 100% bet on the future of the US dollar. At a minimum, diversify your currency holdings by buying sovereign and high-grade corporate debt in countries with strong currencies.
Try Fail-Safe Investing by Harry Browne, gives you all the main parts of a safe portfolio. Where to stick your money and most of it will be safe in any economic situation.
Harry Browne's must read book on investing.
"Tight money" means high interest rates and low credit availability. It earns a return and keeps you liquid. With the Permanent Portfolio, you simply rebalance everything to 25% each at regular intervals, say a year. Sell winners and buy losers. You really should read the book, it's great.
https://www.amazon.com/Truth-About-Money-4th-ebook/dp/B004EBT7I2/ref=sr_1_1?ie=UTF8&qid=1495183064&sr=8-1&keywords=The+truth+about+money
https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1495183176&sr=8-1&keywords=the+intelligent+investor
https://www.amazon.com/Fail-Safe-Investing-Lifelong-Financial-Security/dp/031226321X/ref=asap_bc?ie=UTF8
Fail-Safe Investing by Harry Browne. Quite possibly the best $11 you'll spend.
The strategy he mentions isn't sexy, but it works. My year-to-date return is 12%; not much, but I'll take it over the S&P 500's -9% over the same period.