Since financial returns and risks are highly diverse around the world, multiple Nobel prize winners and top investors indicate that an optimal portfolio should include investment opportunities from numerous countries. In a nutshell, the author explores the work from Nobel Laureates and finds out that one should: [1] Diversify their investments between stocks and bonds denominated in multiple currencies (especially US dollar); [2] Diversify their investments between countries, including investments in emerging markets; [3] Follow a passive investment strategy, i.e. buy and hold through total market low-cost index funds or ETFs; [4] Invest mostly stocks for long-term investment; [5] Invest mostly in bonds for short-term investment. AND ONE SHOULD RARELY INVEST IN: [1] Mutual funds; [2] Real Estate investments, even if the mortgage rates are extremely low; [3] Bitcoin or other types of cryptocurrencies; [4] Derivatives; [5] Dividend Stocks; [6] Try to buy stocks at a "low" price and sell at a "high price"; [7] Try to time the market; [8] Try to find the best performing fund. IN THIS BOOK, which includes more than 50 investment and taxation articles, the author summarizes how the world's geniuses explain how one can legally decrease taxation, as well as distribute capital in a way that decreases risks while increasing financial returns.
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