Fail-Safe Investing: Lifelong Financial Safety in 30 Minutes Book + PRICE WATCH * Amazon pricing is not included in price watch

Fail-Safe Investing: Lifelong Financial Safety in 30 Minutes Book

If you had to summarize Fail-Safe Investing in three words, it would probably be these: Embrace the obvious. Look at your job, Browne advises. You get ahead because of your experience, education, and common sense. Your job is the reason you have money to invest in the first place. So the first of Browne's 17 rules is, "Build Your Wealth upon Your Career." Don't jeopardize your career; it's going to take many years of smart investing before your earnings will surpass what you earn at your day job--if they ever do. The other rules aren't quite as obvious, but equally simple. Browne explains the difference between investing (making a long-term plan and sticking with it) and speculating (betting that you can beat the overall market during a specific period). He shows how life savings are easily lost when you borrow money to invest rather than investing only the money you already have. Browne also suggests a portfolio that he says is the simplest and safest possible for continual, steady returns above inflation: an equal division among stocks, bonds, gold, and cash. That covers an investor in times of prosperity (stocks), inflation (gold), deflation (bonds), and recession (cash). While many investment analysts would undoubtedly gag if you presented them with a portfolio that consisted of a 50 percent investment in gold and cash, Browne nonetheless makes a compelling argument that such an allocation makes it easier to sleep at night. And common sense tells you there are worse things than a good night's sleep. --Lou SchulerRead More

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  • Product Description

    Do you worry that you're not

    paying enough attention to your investments? Do you feel left out when you hear about the clever things other investors seem to be doing? Relax. You don't have to become an investment genius to protect your savings. In just 30 minutes Harry Browne gives you the wisdom of 30 years' experience, showing you what you need to know to make your savings and investments safe and profitable, no matter what the economy and the investment markets do.

    There are no secret trading systems here, no jargon to learn. Instead, Harry Browne shows you how to apply your own common sense to protect and nurture what you've worked so hard to earn.

    In 30 minutes Harry Browne's 17 Rules of Financial Safety will give you an investment plan that is safe and simple. Here is some of what you'll learn:

    --Why you don't have to become an investment expert in order to be safe. (Rule #11)
    --How to know when the "solid investment" you're offered is really a rank speculation. (Rule #3)
    --Why the investment wizard who's going to make you rich will lose his touch as soon as you start taking his advice. (Rules #4 and #5)
    --Why you never should give control over your precious savings to anyone, and why you never need to. (Rule #8)
    --How to be sure your savings are safe and profitable no matter what comes--good times, inflation, recession, war, or even depression. (Rule #11)
    --Why it's easier to have a safe investment program than a risky one--and probably more profitable as well. (Rules #9 and #11)
    --How to reduce taxes on your investments without increasing your risks. (Rule #14)
    --What to do when you don't know what to do. (Rules #9 and #17)
    --How to relax and enjoy your life without worrying about your investments. (All of the Rules)

  • 0312247036
  • 9780312247034
  • Harry Browne
  • 1 September 1999
  • St. Martin's Press
  • Hardcover (Book)
  • 128
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