Editor Reviews:

Product Description:
Outperform the vast majority of investment professionals while paying nothing in sales charges, brokerage fees, or commissions by modifying your investment strategy. Learn how to make your investment dreams come true with the advice in The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life, a guide that’s based on a Nobel Prize-winning investment strategy yet takes just 20 minutes to implement. Gain an understanding of the fundamental relationship between risk and reward in the financial markets and get an insider's view of how the investment industry really works.

Rating : - Best comparison I've seen for ETF vs Indexing
This book did a great job of providing a simple asset allocation model that could be used by almost anyone who wishes to manage their own investments with little expense. The book also successfully incorporated the ultimate life principle of time value into the equation, thereby designing an investment strategy that would require very little time, allowing more time for enjoying life. Furthermore, it did the best job I have seen in comparing index fund vs ETF investing.

There were 2 areas I would like to have seen addressed with the hindsight of the past year, which was not available to Mr. Green when he wrote the book. There were several investments included in the asset allocation model that typically are not included. Such a departure is certainly welcome. Gold and REIT's were included in the asset allocation model as assets that are noncorrelated with the stock market. As we have seen, there are times when real estate and gold are correlated with the stock market, as all 3 have been down over the past year. In most markets, however, these assets should provide some degree of hedging against the stock market.

Second, I don't think that timing can be completely disregarded for any investment. An initial investment using this asset allocation model now vs. a year ago would produce an enormous difference in results that would take many years to iron out. Incorporating some simple historical measurement tools into the equation could improve results without adding a lot more work for the investor. The author stresses that rebalancing provides buying while assets are low, and selling while high, but this often initiates selling near the beginning of long term uptrends.

There is also some helpful information for retirement planning, such as calculation of the amount needed during retirement to fund your current lifestyle. Lifestyle choices are also addressed as part of this equation. Overall, the book is an excellent read for anyone seeking portfolio management through a simple, yet promising asset allocation model using low cost ETF's or index mutual funds.