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“Swedroe and Balaban show you how to avoid being your own worst enemy and how to win the investment game by not losing.”
―Burton G. Malkiel, creator of A Random Walk Down Wall Street

“Sure, we’ve all made mistakes, and they can be pretty expensive, even the first time. This wonderful volume will pay for itself a thousand times over.”
―William Bernstein, creator of A Splendid Exchange and The Investor’s Manifesto

“In his new book, Larry Swedroe―America’s preeminent writer on passive investing―shows you how to recognize your mistakes and, more importantly, how to avoid future mistakes to secure a worry-free financial future. This book will prove to be a classic blueprint on sidestepping the blunders made by even the smartest of investors.”
―Bill Schultheis, creator of The New Coffeehouse Investor

“This is a book that does not belong on your bookshelf; it belongs in your hands. Buy it, read it (and it’s fun reading), and prosper.”
―Harold Evensky, President, Evensky & Katz Wealth Management

“Swedroe’s tour through the world of money and psychology is a trip every investor should take.”
―Gary Belsky, coauthor, Why Smart People Make Big Money Mistakes…And How to Correct Them

With a Foreword by Meir Statman, creator of award-winning What Investors Really Want

Even essentially the most skilled buyers on this planet can screw up―and don’t let anybody inform you in any other case. Whether you’re an outdated professional with a well-designed portfolio or a beginner investor simply beginning out, bestselling creator Larry Swedroe with RC Balaban can present you the right way to “live and learn” from others’ errors―and spend money on good occasions and dangerous.

By answering the important thing questions each investor ought to ask, you’ll discover ways to keep away from:

Mistake #1: Feeling too assured in your investing abilities
Mistake #6: Allowing your self to be swayed by fashionable opinion
Mistake #11: Holding on to belongings due to the worth you paid
Mistake #15: Letting friendships affect your selection of advisors
Mistake #31: Expecting miracles from hedge fund managers
Mistake #48: Confusing hypothesis with investing
Mistake #60: Underestimating the variety of shares you want to diversify
Mistake #71: Forgetting that you could be too conservative
Mistake #77: Repeating the identical mistake

Be warned: This groundbreaking information will shatter the myths about cash you’ve come to simply accept and problem the standard knowledge you’ve acquired from buddies, advisors, and different “experts.”

By exposing these all-too-common errors, one after the other, you’ll be capable to rethink your technique and reinvest in your future with confidence. You’ll uncover the reality about deceptive demographics, “high-return” investments, energetic managers, and different assets you must―or shouldn’t―belief.

You’ll be taught the precise devastating impact taxes can have in your returns if you happen to use the improper technique. You’ll be taught the improper method and the precise technique to construct your portfolio, diversify your accounts, and plan for your loved ones’s future. Most essential, this guide will present you the right way to keep away from making the funding errors you used to make and the right way to give your self the most effective probability of reaching your monetary targets.

Filled with insider perception, need-to-know recommendation, and revealing case research, that is the one guide good buyers can be taught from―and even smarter buyers can spend money on.

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