October 21, 2012
Investing without Wall Street: The Five Essentials of Financial Freedom
Praise for Sheldon Jacobs
"Sheldon Jacobs is a level-headed gentleman who is a cross between Albert Einstein, the Dalai Lama, and Vanguard founder Jack Bogle and who had a solid record editing and publishing The No-Load Fund Investor financial newsletter for over a quarter-century."
"King of no-loads."
—Investor's Business Daily
"Dean of the no-load fund watchers."
"Among financial experts who are able to think with a small investor's perspective, no one is more level-headed than Sheldon Jacobs."
In July of 1993, Sheldon Jacobs was one of five nationally recognized mutual fund advisors chosen by The New York Times for a mutual fund portfolio competition. The portfolio that he selected produced the highest return of all contestants for almost seven years, and the Times quarterly publication of this contest helped him become one of the best-known mutual fund advisorsin America.
Investing without Wall Street shows investors how to achieve the greatest wealth with the least effort. It details the five essentials that even a kid could master and shows that they are all you need to be a successful investor. With this knowledge, the average investor can invest on his or her own and make $252,000 more than a person investing the same way who shares his or her profits with professionals. This book will teach you how.
- Hardcover: 296 pages
- Publisher: Wiley; 1 edition (April 3, 2012)
- Language: English
- ISBN-10: 1118204646
- ISBN-13: 978-1118204641
- Product Dimensions: 6.2 x 1 x 9.2 inches
- Shipping Weight: 2 pounds
Accessible introduction to arranging your own finances
It’s very difficult to find the right balance of technical and non-technical information when discussing personal finances. Some understanding of the technical aspects of finance are necessary in order to understand even the basics sensibly but many books go one bridge too far for the reader working outside the financial sector.
This books finds the right balance, and its five basics, I entirely agree with. It is consistent with many of the fresh insights into finance, off the back of the crisis, while at the same time remaining balanced and practical. It’s emphasis on risk-adjusted returns is very important and one of the important things which non-financial people need to understand. Jacobs presents this concept is an accessible way.
Some of the later sections are redundant and don’t add that much to the main argument of the book. Once you’ve read the chapters on the five essentials, you can probably put the book down. But those five essentials really are essential, and in this book, accessible. I have bought several copies of this book to distribute to non-financial members of the family over Christmas.
Honest Investment Advice
Solid, time-tested investing advice that can be adapted to different investors’ needs.
Investing Without Wall Street has given me the confidence I need to manage all of this in addition to being a self-employed single parent (i.e. I don’t have a lot of time on my hands). Jacobs’ explanation of the Five Essentials makes perfect sense, and he provides general guidance as well as specifics where needed. He does all of this with a sense of humor and engaging writing style, to make this a very readable and enjoyable book that (best of all) is based on principles that will not become obsolete in a few years or with the next big boom or crisis. Solid, time-tested investing advice that can be adapted to different investors’ needs. So thank you, Mr. Jacobs. This is just what I needed.
Book could be also titled as a Beginner Investment Information Book
Excellent! A Must Read!
This is a must read investing book!