Art of Investing and Portfolio Management

The six-step investment program that top pros have used for years to build-and protect - their clients' multimillion dollar portfolios. From March 2000 through October 2002, the plummeting stock market erased $7 trillion in investor wealth, or more than $30,000 for every adult in the U.S.! But investors would have lost much less had they known a bit more - about the investments they owned and, even more important, the risks they were taking."The Art of Investing and Portfolio Management" outlines a smarter way to invest, one that has been honed and perfected by today's top institutional investment firms and can be tailored to fit your own investment style and budget. Follow its straight-talking, market-proven program to: construct a written investment plan that first assesses where you are and where you want to be, then determines the safest route for getting there understand and practice real asset allocation, not some ill-considered version that could cost you money over the long run, invest in suitable, quality assets and then leave them alone, and selling or rebalancing only when the numbers dictate you should.Intelligent long-term management of your investments requires that you, like the money management elite, minimize risk by investing with your head instead of your heart. "Let The Art of Investing and Portfolio Management" introduce you to the time-tested, professional money management approach that has for decades helped the rich get richer, and is now available for everyone. "To truly become the most successful investor you can be, you must understand and consistently implement the very best strategies of the top investment minds. That's what this book will teach you. Our proven, six-step investment process will help keep you from getting caught up in the emotions that accompany market extremes and that are fueled every day by the media. You will no longer be a victim to hype..." - From Chapter One.In investing, as in all fields, the cream rises to the top. And sitting firmly at the pinnacle of the investment profession are the investors and money managers for today's largest institutional investment firms. They reached this lofty position not by reacting to chatroom gossip and chasing hot stock tips, but by coolly researching their clients' alternatives before choosing investments based on a conscious, calculated plan. "The Art of Investing and Portfolio Management" shows you just how the pros do it, and how you can emulate their successes in your own investment program.Providing unique and valuable access to the world's best investment strategists, and translating their proven asset-building techniques and risk-avoidance strategies into a program suitable for portfolios of any size and budget, this authoritative guidebook for long-term investing success will help you to: break the cycle of emotion-based investing to consistently make smarter, more successful decisions; find an affordable, qualified investment manager to steer you away from trouble and help keep you focused on your goals; and select mutual funds that are right for you from among the 8,000 (and growing) possible choices.Independent investors who think they can go it alone are like the heavyweight fighter who enters the ring with one hand tied behind his back - the odds of taking a pounding are high. "The Art of Investing and Portfolio Management" shows you how to untie your hands, and follow the lead of the skilled professionals responsible for carefully building and ruthlessly protecting the multibillion dollar portfolios of our nation's largest pension plans, endowments, and trusts. Let its comprehensive six-step program provide you with a framework for making better decisions, investing your money with confidence, and, throughout your investing life, keeping more of your hard-won money by making sure that you lose less of it.