Investing is simple, but never easy. We carry a lot of investment baggage - including hot tips from friends and the financial media, and complicated financial recommendations from Wall Street salespeople and brokers. Yet the biggest obstacle we face by far is our ability to outsmart ourselves. In order to overcome these obstacles, investors need to follow straightforward strategies that will consistently push their portfolios ahead of the pack by an additional three to four percent annually over most investors. Strategies that even a kid could understand. In "How a Second Grader Beats Wall Street", readers will follow the story of Kevin Roth - an eight-year-old who was schooled in simple approaches to sound investing by his father and expert financial planner, Allan Roth - and discover exactly how simple it can be to successfully invest. Page by page, readers will learn how to create a portfolio that can move up their financial freedom by 10-15 years. And all this can be accomplished by using some simple, commonsense techniques. Kevin and his dad reveal fresh, new approaches to investing, along with some of the tried-and-true existing but rare approaches. Whether new or old, these techniques share something in common - they're so simple an eight-year-old can understand them. Engaging and insightful, "How a Second Grader Beats Wall Street" takes investors through Kevin Roth's story, while driving home key strategies and tools investors can implement in their own portfolios.
Acknowledgments. Introduction. The Seeds of Financial Success. Chapter 1: The Claw Will Take Your Money: "10 - 2 = 8." Chapter 2: Own the World: "Don't Put All of Your Eggs in One Basket." Chapter 3: The Advantage of Having Wall Street Marketing Blinders (and Where Can I Get Some?): "I Don't Watch Cramer, I Like Sponge Bob." Chapter 4: Adults Behaving Badly: "Don't Act Silly When Something Is Important." Chapter 5: Can You Beat a Second Grader's Portfolio?: "I'm Not Going to Win All Three Spins." Chapter 6: Beyond the Second-Grader's Portfolio: "If Dad Says There's a Better Way I Might Try It, but I'm Not So Sure." Chapter 7: Bonds-Your Portfolio's Shock Absorber: "Don't Lend Money To Someone Who Won't Pay You Back." Chapter 8: Better Than Bonds: "If the Teacher Promises You'll Be Paid Back, Then It's Okay to Lend Randy Money." Chapter 9: Simply Brilliant or Brilliantly Simple-Building Your Portfolio: Don't Bet Your Lunch Money." Chapter 10: Investors Who Love To Pay Taxes, and the IRS Who Loves Them: "Don't Pay the Tax Man If You Don't Have To." Chapter 11: Nightmare on Wall Street-The Scary Tale of Trick-or-Treat Investing: "If the Game Is Too Hard to Understand, I'm Not Playing." Chapter 12: Increase Your Return No Matter What the Market Does: "If You Pick the Low-Hanging Fruit, You Don't Have to Climb the Tree." Chapter 13: Keep It Simple Stupid (KISS): "Why Do Grownups Have to Make Things So Complicated?" Kevin's Postscript. Notes. About the Author. Index.