The Alternative Answer
The Nontraditional Investments That Drive the World's Best Performing Portfolios
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- $17.99
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- $17.99
Publisher Description
Alternative Answer, The EPB delivers a complete toolkit for smarter asset allocation, showing you how to:
Active Risk Management: Move beyond the outdated 60/40 model and learn why loss avoidance—not just chasing gains—is the real key to long-term wealth creation.Inflation-Protected Income: Discover how assets like MLPs, royalty trusts, and timber can generate higher, tax-advantaged yields that grow over time.Long-Term Growth Enhancement: Explore the world of private equity, venture capital, and other powerful strategies designed for substantial upside, once accessible only to elite investors.True Diversification: Assemble a “panoramic” and “risk-tolerant” portfolio using uncorrelated assets to protect your wealth from the next major market shock.
PUBLISHERS WEEKLY
For decades, investors have taken the "safe" route ("long-only domestic stock and bond portfolios"), which has proven inadequate in today's economy. How then to invest, when stocks, bonds, and the economy are all tanking? Rice, alternative investment editor of Bloomberg TV, advocates strategies that have been making money for wealthy investors since the '80s, and that are now available to all. Using alternative methods, investors can increase current income and bulletproof their portfolios against the next economic decline. These plans based on investment in managed futures, real assets, venture funds, companies based in emerging economies, and natural resources are effective because, as time passes, "a portfolio of them deliver and more diverse streams... than do standard investments." Rice takes readers through a crash course in alternative investments and the creation of a "panoramic, risk tolerant portfolio" and how typical investors can take a better tack. Rice lucidly explains complex investment strategies and less familiar financial terms, and the book is worth buying for the clear, cogent glossary and finance tutorial alone. While most readers will be skeptical about a plan that departs this much from the accepted wisdom, this is a great start for the adventurous.
