{"product_id":"diy-financial-advisor-9781119071501","title":"DIY Financial Advisor","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eDIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth\u003c\/b\u003e\u003ci\u003e\u003cbr\u003e\u003cbr\u003eDIY Financial Advisor \u003c\/i\u003eis a synopsis of our research findings developed while serving as a consultant and asset manager for family offices. By way of background, a family office is a company, or group of people, who manage the wealth a family has gained over generations. The term ''family office'' has an element of cachet, and even mystique, because it is usually associated with the mega-wealthy. However, practically speaking, virtually any family that manages its investmentsindependent of the size of the investment poolcould be considered a family office. The difference is mainly semantic.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eDIY Financial Advisor\u003c\/i\u003eoutlines a step-by-step process through which investors can take control of their hard-earned wealth and manage their own family office. Our research indicates that what matters in investing are minimizing psychology traps and managing fees and taxes. These simple c\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Why You Can Beat the Experts 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Are Experts Trying Too Hard? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Do We Rely on Experts? 6\u003c\/p\u003e \u003cp\u003eWhat Are the Experts’ Incentives? 9\u003c\/p\u003e \u003cp\u003eAre Experts Worthless? 11\u003c\/p\u003e \u003cp\u003eThe Expert’s Hypothesis 13\u003c\/p\u003e \u003cp\u003eSummary 14\u003c\/p\u003e \u003cp\u003eNotes 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Simple Models Typically Beat the Experts 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Evidence Shows… 20\u003c\/p\u003e \u003cp\u003eA Study of All the Studies 21\u003c\/p\u003e \u003cp\u003eWhat if Experts Have the Model? 23\u003c\/p\u003e \u003cp\u003eBut Investing Is Different, Right? 24\u003c\/p\u003e \u003cp\u003eWhy Experts Fail to Beat Models 26\u003c\/p\u003e \u003cp\u003eSummary 28\u003c\/p\u003e \u003cp\u003eNotes 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Experts Are Biased and Overconfident 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Biased Brain 33\u003c\/p\u003e \u003cp\u003eSummary 47\u003c\/p\u003e \u003cp\u003eNotes 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Experts Tell Us Stories, Not Facts 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStory-Based Investing 52\u003c\/p\u003e \u003cp\u003eEvidence-Based Investing 53\u003c\/p\u003e \u003cp\u003eThe Recap: Why Experts Fail 60\u003c\/p\u003e \u003cp\u003eWhy Not Use Models? 62\u003c\/p\u003e \u003cp\u003eSummary 63\u003c\/p\u003e \u003cp\u003eNotes 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO How You Can Beat the Experts 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 A Framework for Investment Decisions 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing an Advisor Is Difficult 71\u003c\/p\u003e \u003cp\u003eThe FACTS Framework 75\u003c\/p\u003e \u003cp\u003eWe’ve Got the FACTS: Now What? 86\u003c\/p\u003e \u003cp\u003eSummary 90\u003c\/p\u003e \u003cp\u003eNotes 90\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 A Simple Asset Allocation Model That Works 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Allocation 95\u003c\/p\u003e \u003cp\u003eA Simple Asset Allocation Model That Works 98\u003c\/p\u003e \u003cp\u003eBut Which Assets Do We Choose? 103\u003c\/p\u003e \u003cp\u003eSummary 104\u003c\/p\u003e \u003cp\u003eNotes 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 A Simple Risk Management Model That Works 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Simple Risk Management Model That Works 109\u003c\/p\u003e \u003cp\u003eHow Does ROBUST Work? 113\u003c\/p\u003e \u003cp\u003eSummary 121\u003c\/p\u003e \u003cp\u003eRisk Management Research (For Geeks Only) 121\u003c\/p\u003e \u003cp\u003eNotes 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Simple Security Selection Models That Work 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValue Investing 134\u003c\/p\u003e \u003cp\u003eMomentum Investing 140\u003c\/p\u003e \u003cp\u003eA Simple Momentum Model That Works 146\u003c\/p\u003e \u003cp\u003eCombining Value and Momentum 148\u003c\/p\u003e \u003cp\u003eInternational Stocks 151\u003c\/p\u003e \u003cp\u003eGet ‘Er Done 153\u003c\/p\u003e \u003cp\u003eSummary 154\u003c\/p\u003e \u003cp\u003eNotes 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 The Do-It-Yourself (DIY) Solution 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExploring a Simple Equal-Weight Five Asset Class Model 159\u003c\/p\u003e \u003cp\u003eEnhancing the Ivy 5 Concept 163\u003c\/p\u003e \u003cp\u003eFinish Strong: The Ultimate DIY Solution 171\u003c\/p\u003e \u003cp\u003eGet ‘Er Done 175\u003c\/p\u003e \u003cp\u003eNotes 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Some Practical Advice 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThree Reasons We Will Not Be a DIY Investor 180\u003c\/p\u003e \u003cp\u003eThree Reasons You Might Fail 183\u003c\/p\u003e \u003cp\u003eBut Don’t Lose Hope! 185\u003c\/p\u003e \u003cp\u003eIs DIY the Only Solution? 186\u003c\/p\u003e \u003cp\u003eNotes 187\u003c\/p\u003e \u003cp\u003eAppendix: Analysis Legend 189\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 191\u003c\/p\u003e \u003cp\u003eAbout the Authors 193\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406978982231,"sku":"9781119071501","price":22.94,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119071501.jpg?v=1730497769","url":"https:\/\/bookcurl.com\/products\/diy-financial-advisor-9781119071501","provider":"Book Curl","version":"1.0","type":"link"}