How to Retire Rich Paperback – Dec 29 1998
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Some investment books claim only one true path to stock-market riches. Fund manager James O'Shaughnessy has five, and he has the data to back them up. He was the first independent researcher to be granted full access to a Standard & Poor's database containing computerized information on almost 10,000 stocks going back to 1951. From the data, O'Shaughnessy derived five portfolio-building strategies that, over the past 45 years, have consistently beaten the market average. How to Retire Rich also contains a wealth of useful information on mutual funds, online trading, and using the Internet to research stocks.
From Library Journal
The author, a statistical analyst and founder and president of O'Shaughnessy Capital Management, Inc., builds on his previous What Works on Wall Street (McGraw-Hill, 1996) to demonstrate how investing in the stock market can lead to wealth and security in one's later years: "The path to achieving investment success is in studying long-term results and finding a strategy or group of strategies that make sense." O'Shaughnessy offers strategies based on historical perspective that should beat the Standard & Poor 500 because they involve aggressive investing in not-so-well-known smaller companies. In addition to strategies, he covers good and bad points of mutual funds, making the most of 401k plans, market fluctuations, portfolio management, and a timely chapter on where to find information. This often-quoted author's opinions are presented in a readable style, with several family scenarios providing perspective.
-?Steven J. Mayover, Free Lib. of Philadelphia
Copyright 1998 Reed Business Information, Inc. --This text refers to the Hardcover edition.
Top Customer Reviews
I have been investing for nearly a decade, have read a couple dozen books on the subject, and have found the authors to be a lot like Learï¿½fs blind men. Each author manages to accurately describe one particular aspect of investing, or makes one or two good points, but no one gets the whole picture.
The lone exception is James Oï¿½fShaughnessy writing in _How to Retire Rich_. HTRR not only perfectly describes the entire elephant, it tells you how to ride it, and why you should be riding it. Unlike almost every other book on investing, the instructions are clear, simple and specific. There are no generalities such as ï¿½gBuy what you knowï¿½h. (This suggestion comes from authors such as Peter Lynch, and frankly I find it ridiculous-- if the reader of an investment book _knew_ anything, they wouldnï¿½ft need the book.) Oï¿½fShaughnessy guides you step-by-step through his strategies (you can choose from among five), telling you exactly how to find the individual stocks to buy, how many to buy, and how long to hold them for. There is no fancy footwork involved. Working any of his strategies requires about 90 secondsï¿½f worth of effort per year and a grade-school education.Read more ›
Mr. O'Shaughnessy thinks we should buy 50 stocks and rebalance those 50 stocks at the beginning of each year. In fact I am surprised that I haven't seen FolioFN giving away his books to their members since his methodology seems to be meant for those of us who have folios.
One of the major things that I didn't like about this book was in his descriptions of how these couples could retire rich he basically cut and paste each one and changed the ending result, in my opinion he made this book very boring and is a waste of paper. The only part of this book I liked was pages 139 and 140 these pages have various "doom and gloom" headlines from 1951-1997 and show that the market always has recovered.
Since now the strategies in this book are out in the public they probably won't even work right, so I would advise the majority of investors to put their money in an S&P 500 index fund since you'd be beating 80% of fund manages without having to do any research.
Most recent customer reviews
A truly amazing strategy. I recently concluded tracking a 25-stock Reasonable Runaways strategy and the results are eye-popping. The portfolio turned in a 77. Read morePublished on Dec 25 2003 by Johnny Wad
I purchased this book in November of 2002 and subsequently have been tracking a 25-stock reasonable runaways portfolio since November 8th. To date, the portfolio is up 28. Read morePublished on June 12 2003 by Johnny Wad
The one thing that Mr. O'Shaughnessy omits is that he comes from a very wealthy family and received a large trust fund at age 25. That is the best way to retire rich!Published on Feb. 14 2002
This is an excellent book for anyone that is worried about their retirement and lack of Social Security dependability. Read morePublished on Jan. 5 2002
O'Shaughnessy's retirement plan is an easy read for any beginner. The strategy is simple, and the author backs up his savings advice with reliable numbers. Read morePublished on Nov. 7 2001
This book does nothing but tell you the formulas O'Shaugnessy uses to run his funds. The book did not teach me how to retire rich, merely some investment techniques. Read morePublished on July 25 1999
The book made a lot of sense in terms of sticking to a plan and not letting greed and emotions get in the way of a good idea. Read morePublished on March 3 1999
If the facts stated in this book work the way the author says then I am in for a great retirement. I am twenty-three years old and already on my way!Published on March 1 1999