Are you underwhelmed with the way your traditional 60/40 portfolio has been performing lately and wondering why? Do you suspect there might be better ways to invest your money, but aren't sure what they are? What about all those "alternative" investments you keep hearing so much about in the media, such as commodities, real estate, emerging market funds, and, of course, that darling of pirates, Medieval monarchs, and radio talk-show hosts everywhere: gold? And how about the legion of new financial products Wall Street keeps spawning like kudzu-exotic creatures with strange-sounding names like "replicants," "100/30s," and "buy/write" funds? How do they work, and do any of them make sense for you?
The Little Book of Alternative Investments gives you complete, detailed answers to all those questions-and a whole lot more. Like a pair of trusty native guides, bestselling investment authors Ben Stein and Phil DeMuth clear a path through the alternative investments jungle. They identify the flora and fauna, stopping along the way to tell you which ones are safe to consume and which ones will consume you, if given half a chance. And they explain in plain English, not Wall Street Swahili, how each product or class of products works (or doesn't work), and how each can be used to help you reduce risk and boost returns.Just as important, if not more so, Ben and Phil arm you with proven portfolio management strategies that take full advantage of the best of the best alternative products out there. No matter what your budget, level of experience, or tolerance for risk, you'll discover how to use everything from REITs and futures to hedge funds and hedge fund-like mutual funds to shield your money from the bubble-and-bust, hurly-burly of the markets and come out ahead, in all economic climates.
Making the technical simple, the arcane accessible, and the dry laugh-out-loud funny, The Little Book of Alternative Investments is your guide to taming the alternative investments jungle and cultivating an investment portfolio that consistently delivers better-than-market risk-adjusted performance.
©2011 Ben Stein, Phil DeMuth (P)2011 Gildan Media Corp
"Ben and Phil have done it again. Another lucid, insightful book, designed to enhance your wealth! In today's stock-addled cult of equities, there is a gaping hole in most investors' portfolios...the whole panoply of alternative investments that can simultaneously help us cut our risk, better hedge our inflation risk, and boost our return. This Little Book is filled with big ideas on how to make these markets and strategies a treasured part of our investing toolkit." (Robert Arnott, Chairman, Research Affiliates)
A good listen. Logical in its approach and very good at advising where and why not to invest in certain "alternatives". It will definitly derisk my portfolio while not affecting returns (definitly may be a bit stong, but you get my meaning).
Only thing that lets it down is the referencing of US stocks which aren't straightforwardly traded in the UK (which is where I live).
Worth the cost easily
"Mindless drivel. "
The first half of this audiobook covered stocks, bonds and mutual funds exhaustively ... the antithesis of alternative investments.
Several minutes were devoted to miscellaneous collectables when a simple, one-word sentence would have sufficed : DON'T.
Then came other items to avoid, or which aren't available to non-accredited investors Can't wait for the alternatives /to/ investigate ... I've lost patience and will request a refund.
"Well thought out book"
This book contains generally sound financial advice backed by actual research. All of their points are well hashed out and well articulated. I am skeptical of the mutual funds which pretend to be hedge funds. I seriously doubt that these will compare to a good quality hedge fund. They also have little track record to examine. Otherwise, I think the authors have done an excellent job presenting their ideas.
The book provides a good overview of alternative investments world. I like the narration style of Don Hagen.
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