William Bernstein’s latest e-Book, If You Can: How Millennials Can Get Rich Slowly, is all about regularly investing equal amounts of money using three mutual funds. Those funds are: U.S. Total Stock Market, International Total Stock Market, and U.S. Bond Market. Save 15% of your salary each month, and that is about it. Bernstein’s recommendations […]
Photography With An iPhone
Pulitzer Prize-winning photographer, David Hume Kennerly, recently published “On the iPhone: Secrets and Tips.” Kennerly’s one-year project of taking at least one good photograph each day for one year using his handy iPhone resulted in an excellent book for beginning and professional photographers. While the quality of the photographs vary widely, as one might expect […]
The Elements of Investing: Burton G. Malkiel and Charles D. Ellis
The Elements of Investing is a small investment book patterned after the very popular book on writing, The Elements of Style. There are five primary sections to this book and they are as follows. It All Starts With Saving Index Diversify Avoid Blunders Keep It Simple There are many blog posts that focus on numbers […]
The Nasty Mathematics of Volatility
Long-time readers of ITA Wealth Management note we are paying more attention to portfolio risk and the volatility of individual securities than we did when this blog first started. Below is an example of why this is an important concept to consider when managing a portfolio. This basic idea is discussed in Chapter 8 of […]
Beating the Dow With Bonds
Several years ago I wrote a review of Michael O’Higgins book, Beating the Dow With Bonds. O’Higgins made a name for himself with his Dogs of the Dow book. Both systems are filled with errors. The following review came to mind as I read Jim Sloan’s article, “Is The Traditional Asset Allocation Dead?” Here is […]
Investing 110
One of my all time favorite investing books is William Bernstein’s, The Intelligent Asset Allocator. In later books, Bernstein mentions that his friends rolled their eyes after trying to read his first book. That was motivation for writing The Four Pillars of Investing and The Investor’s Manifesto. Each of these two later books is easier […]
Top Ten Investment Books
Anyone can come up with a list so here is my revised Top Ten Investment books. As you can see from shelf of books shown in the photograph below, it is not easy to narrow down the list to a mere ten. Be forewarned, this is not a list of books that focus on either […]