The Lazy Person's Guide to Investing: A Book for Procrastinators, the Financially Challenged, and Everyone Who Worries About Dealing with Their Money

Front Cover
Grand Central Publishing, Jan 8, 2004 - Business & Economics - 336 pages
Build Seven-Figure Financial Security without Ever Picking, Buying, or Selling A Single Stock! Most people think that you have to buy and sell the right stocks at the right time to make big money on Wall Street. In this enlightening, entertaining guide, veteran financial commentator Dr. Paul Farrell shows you how to grow a seven-figure nest egg without midnight jitters, time-consuming study, or paying a nickel in commissions to stockbrokers and others who get their piece of the pie by helping themselves to a chunk of yours. "Market timing is for chumps," says Dr. Farrell. "You want a portfolio that works without you having to sit through any schooling about what to buy, when to sell, how to mix and allocate, what to pay, where the heck the economy and the market are going." Now one book teaches you how to create and use that kind of portfolio-where the only excitement you get is from the millionaire's nest egg you collect in the end...
 

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LibraryThing Review

User Review  - deldevries - LibraryThing

A gem! Easy going style the clearly covers the pros and cons of various approaches to simple investment asset allocation. The author is NOT grinding his own investment approach axe (now that is a novel concept for this genre!). Read full review

LibraryThing Review

User Review  - sprite - LibraryThing

Describes a super-easy portfolio. Then, to fill up the rest of the book, describes a few more variations on the theme. But you can be lazier and just read one of them. Read full review

Contents

LAZY INVESTING IS A FAMILY AFFAIR
YOU CAN DOITYOURSELFYOU DONT NEED THEM
GLOBAL TURMOIL ALSO CHURNING UP THE OL ANXIETIES
THE FUTURE IS RANDOM AND UNPREDICTABLESTOP GUESSING
LAZIEST WAY IS THE BEST WAY FOR 99 OF INVESTORS
BEING AVERAGE BEATS THE ODDSBUY INDEXES AND HOLD FOREVER
THE REST OF THE BOOKEVERYTHING YOULL EVER NEED TO KNOW ABOUT LAZY DOITYOURSELF INVESTING
TOO GOODOR TOO GOOD TO BE TRUE?
YES CHARLIE BROWN NOW YOU CAN SAVE AND INVEST
PICKIN FUNDS ON PAST PERFORMANCE IS DANGEROUS
SHORTTERM PERFORMANCE DATA IS VERY MISLEADING
FOCUS ON LONGTERM DATA AND DIVERSIFICATION
CAN YOU REALLY TRUST YOUR FUND MANAGER?
HES OWNED AMERICAS FIRST INDEX FUND SINCE 1976
10000 IN THE FIRST SP 500 FUND IS WORTH 200000 TODAY
TOP ACTIVE MANAGER PICKS PASSIVE ALLVANGUARD PORTFOLIO

A BIG WINNER IN THE PRETRIAL RUN BEFORE TAKING OFF
THE BIG SECRET TO CREATING A COUCH POTATO PORTFOLIO
PERFECT GIFT FOR THE INVESTOR WHO HAS EVERYTHING
REBALANCE JUST ONCE A YEAR TAKES TEN MINUTES
ACCEPTANCE SPEECHSLOTH BEATS GREED
GOOD NEWS FROM A SEATTLE COFFEEHOUSE
COFFEEHOUSEA BIG WINNER IN A BEAR MARKET
COFFEEHOUSE SERENITY BEATS WALL STREETS ANXIETY
THE BASIC NOBRAINER PORTFOLIOJUST FOUR FUNDS
THE ODD COUPLEROCKETSCIENCE MATHEMATICS VERSUS LAZINESS
DO LAZIER FUNDS MAKE YOU AN INVESTING COWARD?
IN THE LONG RUN DIVERSIFICATION ALWAYS WINS
HOW MANY FUNDS? AND WHY PAY COMMISSIONS?
KIPLINGERS KEEPITSIMPLE VERSION OF THE LAZIEST PORTFOLIO
FOURFUND INDEX PORTFOLIO CHALLENGED BY TENFUND VERSION
THE EXTRA EDGE OF A DIVERSIFIED TENFUND PORTFOLIO
SURE TEN FUNDS BEAT FOUR FUNDS OVER THE LONG HAUL BUT CAN YOU WAIT?
TAXES TIME AND PSYCHOLOGY FAVOR THE LAZIEST PORTFOLIOS
EXPLODE FUNDSTHERE IS ALWAYS A BETTER NOLOAD ALWAYS
WHICH IS BESTVANGUARD BARCLAYS OR DFA? IT DEPENDS
DO IT YOURSELF VERSUS HIRING AN ADVISER
PREVIEW OF COMING ATTRACTIONS THE WORLDS SIX LAZIEST STRATEGIES
EVERYBODYS A FINANCIAL GENIUS IN A BULL MARKET
RANDOM STRATEGIES WORK IN THE WALL STREET JUNGLE
YES THE CHIMP MADE A MONKEY OUT OF WALL STREET
NO STOCK PICKING CANT BEAT A RANDOM MARKET
AMERICAS BIG FAT INSATIABLE EGO
GETTING RICH IN AMERICAWHILE ENJOYING LIFE MORE
TIP SHEETS ON HOW TO BE A FRUGAL KINDA GUY
LIVING BELOW YOUR MEANS AROUND WALL STREET
EXPENSE RATIO IS THE ONLY RELIABLE PREDICTOR PERIOD
THE FRUGAL FUND MANAGER BROWNBAGS PEANUT BUTTER SANDWICHES
COMPOUNDINGITS BUFFETTS LITTLE MIRACLE TOO
THE GOOD THE BAD AND THE UGLY TRUTH
THE EIGHTH WONDER OF THE WORLD
COMPOUNDING HELPS YOU GET RICH SLOWWWLY
NO SAVINGS NO NEST EGG NO RETIREMENT SO START EARLY
START EARLY AND TRUST THE MAGIC OF COMPOUNDING
ATTITUDE OPTIMISM AND CONFIDENCETHE SABOTEUR
DISCIPLINE VERSUS EMOTIONS IN THE DAYTRADING GAME
IS BECOMING A MARKET WIZARD REALLY YOUR LIFES MISSION?
PITCHING HORSESHOES IS ALL ABOUT DIVERSIFICATION
HOW MANY FUNDS IN A DIVERSIFIED PORTFOLIO? LESS THAN TEN
BUY AND HOLD AND HOLD AND HOLD FOREVER
SHRINK SAYS BUYNHOLD PROTECTS US FROM OURSELVES
REMEMBER THE MORE ACTIVELY YOU TRADE THE LESS YOU EARN
SEARCHING FOR THE BUDDHAIN ALL THE WRONG PLACES
SURFERS TRUCK DRIVERS DROPOUTS ECCENTRIC RETIREES ALL TURTLES
HERES HOW A REAL BUDDHA WINSYOU DO IT YOURSELF
SIMPLE TRUTHS TAKE LONGER TO SINK IN WE NEED CONSTANT REMINDING
EXPOSEDSIX MORE REALLY SIMPLE BORING LAZY PORTFOLIOS
THREE REASONS VANGUARD IS SUCH A BIG SECRET
THE BIG SECRETBUY CHEAP FUNDS AND YOULL WIN
AMERICAS 1 CHOICE FOR 14 MILLION FUND INVESTORS
WALL STREET GURUS WANT YOU TO STAY OUT OF INDEX FUNDS
THE ULTIMATE KEEPITSIMPLE PORTFOLIO FOR DUMMIES
FIRST OFF A DEFINITIONWHO THE HECKS A WEASEL?
THE PERFECT WAY TO COMBAT WEASELSPAST AND FUTURE
DILBERTS AMAZING NEW WEASEL EQUATION
PROMINENTLY DISPLAY DILBERT AND THE WAY OF THE WEASEL
IS IT REALLY THAT SIMPLE? YES YES YES
MOTLEY FOOLS CAPTURED SPIRIT OF NEW INTERNET REVOLUTION
FORGET THE VANGUARD HYPEANY FOOL CAN BEAT THE AVERAGES
THE SPIRITUAL TRANSFORMATION OF THE MOTLEY FOOLS
RETREATING VETERANS OF A BRUTAL WAR MAULED BY ANGRY BEARS
THE FINALESIX NEW INVESTMENTS EVEN BOGLE COULD LOVE
NOW THE FOOLS HAVE ONE OF AMERICAS GREATEST LAZY PORTFOLIOS
CHARLIE BROWN ENTERPRISING ENTREPRENEUR IN ACTION
ANOTHER BIG SECRETALL FUND MANAGERS ARE CLOSET INDEXERS
FUNDS LIVE IN TWO SEPARATE WORLDSAND YOU PAY THE BILL
SECOND TEAM OF NOBEL ECONOMISTS USING HIGHRISK THEORIES
ADVENTURES AT THE OUTER EXTREMES OF INVESTMENT RISK
ASTROLOGERS BEAT STOCK PICKERS AND MARKET TIMERS
THE SECRET LESSON OF THE NOBELS BEAUTIFUL MINDS
OUTNUMBERED OUTSTAFFED OUTGUNNED AND STILL WINNING
EVENTUALLY ALL MUTUAL FUNDS GET COMPARED TO VANGUARDS
MORE ODDBALLSETFs DRIPs AND OTHER WEIRD STUFF
INDEX FUNDS ARE A VERY CHEAP DATETOO GOOD TO BE TRUE?
MOST FUND FAMILIES TAKE UNFAIR ADVANTAGE OF INDEX INVESTORS
AND NOWTHE BIG SECRET TO GETTING OUT OF THE BOX
FIDELITY IS AMERICAS BIG 401K KAHUNA
SOUNDS TOO GOOD TO BE TRUE BUT IT ISNT
BOSSS MATCHING CONTRIBUTION IS FREE MONEY A BONUS A GIFT
YOUR 401K IS THE PERFECT MONEY MARKET FUND 53 RETURNS
BUILD A COUCH POTATO PORTFOLIO AT YOUR FIDELITY 401K
BEST BUYS FOR 401KS FROM THE SMARTMONEY SET
BESTBUY PORTFOLIOS FROM THE DEAN OF NOLOAD FUNDS
THE MASTER WEALTH BUILDERWHEN YOU CAN BUY ANYTHING
LOVE EM OR LAUGH AT EMHYBRIDS ARE BOOORING
TRAINING WHEELS AND TRANQUILIZERS
DODGE COX BALANCEDALLAMERICAN MASHED POTATO FUND
ETFs ARE WILD ANIMALSFUN TO WATCH BUT TOUGH TO TAME
ETF PORTFOLIOSFOR LAZY INVESTORS WHO ARENT ALWAYS LAZY
YES YOU CAN ALSO USE REAL BONDS OR BOND MUTUAL FUNDS
FINALLY YOUR ETF TRADING ACCOUNTUSING SECTOR ETFs
AN ALTERNATIVE TO SECTOR ETFsFIDELITYS SECTOR FUNDS
HIDDEN COSTS ADDED ATOP THE EXPENSE RATIO
WHATS RIGHT FOR YOU? ETFs OR INDEX MUTUAL FUNDS?
YOU MAY LOSE YOUR STATUS AS A LAZY INVESTOR
NOLOAD STOCKS ARE WALL STREETS BESTKEPT SECRET
PERFECT INVESTMENT FOR LONGTERM STOCK PICKERS
INVESTORS ENDRUNNING WALL STREETS CODE OF SECRECY
FIVE RESOURCES TO GET YOUR DRIPs DRIPDRIPPING ALONG
EIGHT KEEPITSIMPLE STEPS TO JUMPSTART YOUR DRIP FUND
ONE STOCK DOES NOT A PORTFOLIO MAKEGOTTA DIVERSIFY TOO
NOLOAD STOCK PORTFOLIOSLESS DIVERSIFIED THAN MUTUALS
NEW FOLIOS LOW FIXED PRICES MAKE TRADING EASY
GO AHEAD TESTDRIVE YOUR NEW FUNDWITH 1000000
THE WIZARDS READYMADE FOLIOSALMOST LIKE INDEXES
TOOLS FOR BUYNHOLD INVESTORS? OR JUST ACTIVE TRADERS?
YOURE NOT A REAL FUND MANAGER BUT PRETENDING IS FUN
HOW TO GET RICHREALLY RICH? THINK LIKE AN ENTREPRENEUR
STOCKS AND FUNDS TOO RISKYEVEN IF YOU DIVERSIFY
STOP WORKING FOR THEM TODAY START WORKING FOR YOU INC
MOST OF US ARENT CUT OUT FOR THE ENTREPRENEURIAL JUNGLE
THE FUTURE OF AMERICAOUR BIGGEST AND BEST INVESTMENT
SIBLINGS GOT 1000 AT BIRTHNOW THEYRE MULTIMILLIONAIRES
YES YOU CAN ALSO DO IT WITH NO MONEY DOWN
BUILDING CHARACTER MORE IMPORTANT THAN BUILDING A PORTFOLIO
START EARLY BUILDING A LITTLE PORTFOLIO TRUST COMPOUNDING BUT MOST OF ALLINSPIRE THEM HELP THEM BUILD CHAR...
KRISPY KREMES QUICKIES AND A REDHOT MUSTANG
VARROOOOOM YOUR SUPERCHARGED BRAINS ROARING RACING
THEYRE HOT STOCKS BECAUSE THEYRE SIZZZLING
THE ULTIMATE DRUGSTORE PHARMACYYES ITS YOUR BRAIN
DOPAMINE IS MAKING DOPES OUT OF EVERYBODY
DRIVE YOURSELF TO DISTRACTIONAT YOUR FAVORITE BOOKSTORE
IF YOU HAVE TWO BRAINSYOU MAY NEED TWO PORTFOLIOS
SCHWAB RESEARCH UNCOVERS SCIENTIFIC BASIS FOR DUAL PORTFOLIOS
INDEX FUNDS TOO DARN BORING FOR CNBC FOX AND CNN
TWOPORTFOLIO STRATEGY FITS SPLITPERSONALITY INVESTING
TRADING WONT MAKE YOU MONEY BUT ITS FUN LIKE VEGAS
OKAY YOUVE GOT TWO BRAINSUSE A TWOPORTFOLIO STRATEGY
THE REAL GOALS OF INVESTING AND LIFE ARENT THINGS
THE SECRET OF MILLIONAIRES SURVIVORS AND THE CLUELESS
MILLIONAIRES MINDSETPOSITIVE MENTAL ATTITUDE TODAY
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About the author (2004)

PAUL B. FARRELL, JD, PhD, is an investing and personal finance columnist for CBS MarketWatch. Dr. Farrell has written more than 1,000 columns, many of which have been syndicated on America Online, Yahoo!, and E*Trade.com. He frequently appears on television and radio, including CNBC, CNN, Bloomberg, and FOX. He has written four books and previously worked as an executive vice president of Financial News Network, associate editor of the Los Angeles Herald Examiner, and as an investment banker with Morgan Stanley.

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