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| Customer Reviews: | | Average Customer Review: Write an online review and share your thoughts with other customers.
Contrary to popular opinion ... Apr 08, 2008 Contrary to what most of us believe, Ric Lager shows step-by-step how to achieve high rewards with lower risks in our retirement accounts. Risk management often seems an esoteric subject, but Ric presents the concept in concise, easy-to-understand language that even the most inexperienced investor can grasp quickly. His 118-page book is not a textbook, but rather a series of simple concepts that the holder of a 401(k) account or an individual retirement account can enthusiastically put to use even before finishing the book.
The book will get you slapping yourself on the forehead and laughing at the same time. You'll both understand and question long-held concepts such as "portfolio re-balancing", "diversification", "average returns", "buy-and-hold", "Lifestyle and Lifecycle mutual funds", and my favorite, the "pie chart". As Ric shows, the concept of using a computer-generated pie chart to increase stock market performance or to reduce stock market risk simply doesn't work ... not today, not ever.
I know you've heard and heeded the advice of professional financial advisors that use all of the terms mentioned above. How do I know? I was one. So my recommendation today is to turn off the television, put aside those out-of-date financial magazines, and sit down with this great book. Your retirement can be painful or pleasurable depending on the decisions you make today ... your choice.
1 of 1 found the following review helpful:
Lager's Foget the Pie! Apr 07, 2008 Lager's book is a remarkable gift to the pre-retirement community. Forget the fixed concept pie charts and ignore media hype! Read this book and get the tools required to enjoy greater, more confident independence in making your 401K investment decisions.
Ric Lager instructs us effectively about the real inner workings of the retirement industry. He presents examples and strategies that work for pros and novices alike. He teaches us how to most effectively navigate the often rocky waters of today's marketplace.
Lager's unsinkable retirement boat is constructed based on the Point and Figure methodology. It is motored by the concepts of Bullish Percents, Sector Analysis, and Relative Strength. He teaches us to become our own boat captains, while offering tips about selecting a first-mate/advisor as needed. He explores tax benefits and updates about laws and regulations to promote smooth sailing.
Lager explains why and when to buy, sell and hold. He shows us how to act without emotion by using unbiased, time-tested tools. In short, Lager's guide is the quintessential 401K bible.
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