Book cover of The 12% Solution: Earn a 12% Average Annual Return on your Money

Book description

How to make money in stocks?

First step: don't trade stocks. In a radical departure from most investment books, a former day trader demonstrates how a simple asset allocation strategy that 'adapts' to changing market conditions has delivered a 12% average annual return over the past 10 years. What does…

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Why read it?

1 author picked The 12% Solution as one of their favorite books. Why do they recommend it?

This monthly approach uses three-month momentum to select two funds from a pool of four stock funds and two bond funds. The stock indexes are the S&P 500, S&P MidCap 400, Russell 2000, and Nasdaq, i.e. US large caps, mid caps, small caps, and tech. It’s not a revolutionary idea but provides a good introduction to major asset class switching, which runs circles around pundit guessing games. If you do nothing but swear off gut-guessing in favor of price reaction, you’ll beat almost everybody—including the supposed pros.

If you love The 12% Solution...

Book cover of These Blue Mountains

These Blue Mountains by Sarah Loudin Thomas,

A moving story of love, betrayal, and the enduring power of hope in the face of darkness.

German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…

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