The Motley Fool Million Dollar Portfolio
and over one million other books are available for Amazon Kindle .
Learn more
| ||||||||||||||||||||||||||||||
 Trade In this Item for up to £0.40
Get an extra £5 when you trade in books worth £10 or more until June 30, 2012. Trade in Motley Fool Million Dollar Portfolio: How to Build and Grow a Panic-Proof Investment Portfolio (Motley Fool Books) for an Amazon.co.uk gift card of up to £0.40, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
Frequently Bought Together
Product details
|
More About the Authors
Discover books, learn about writers, and more.
Product Description
Review
"Their panache is a cover for a belief in the old-fashioned virtues of patience, simplicity, and prudence."--U.S. News & World Report
Product Description
In the tradition of their bestselling books for individual investors, acclaimed stock pickers David and Tom Gardner lay bare the simple philosophy they have used to help millions of investors outfox Wall Street. This book stems from the wildly successful Motley Fool Million Dollar Portfolio - a one-of-a - kind membership service that allows qualified individual investors to follow along as Tom Gardner invests and manages $1 million of The Motley Fool's own money. Due to overwhelming demand, the service was closed to additional subscribers. This book is the next best thing. In page after page of sound, sensible investment advice, readers are offered a rare window into one of the most successful investing enterprises in history. This book reveals proprietary methods for uncovering market-beating stocks, the philosophies that underpin the investment strategies of the million strong Motley Fool online community, and advice on how any serious investor can attain even the loftiest financial goals. With infectious humor and recognized expertise, this book is at the heart of The Motley Fool's enterprise.
Inside This Book
(Learn More)
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
Most Helpful Customer Reviews
16 of 16 people found the following review helpful
Excellent and Understandable Overview of Investing Styles and Portfolio Asset Allocation
27 Dec 2008
Format:Hardcover
If you apply this approach consistently and follow it for the next several decades, you will do well. If you follow your own ideas, I doubt if your results after tax will come close to what you could have earned by applying these methods.
One of the guilty little secrets about Wall Street is that the average investor does poorly, selling when stocks are down and buying when they are up, trading too often, piling up extra expenses for taxes and brokerage commissions. Why? People want to get rich quick. It's possible, but you are more likely to get rich slowly. This book teaches you how to do the latter by taking advantage of compounded returns.
David and Tom Gardner have provided a solid resource for those who are new to investing and want to take advantage of long-term trends and the odds to build a portfolio that will outperform inflation and the market averages. At a time like this when stocks have cratered and many bonds have buckled, many people will be reluctant to invest in anything other than treasury securities. Yet the best opportunities to invest usually come when things look quite bleak.
The book assumes that you've never bought a stock before. If that's you, I'm sure you will be able to pick a better stock than my first broker picked out for me (which promptly fell 95 percent in value).
From there, you'll learn about the benefits of buying stocks that grow and pay generous dividends (more than half of long-term gains from stocks come in dividend payments).
Next, the Gardners explain about buying high-quality, large companies inexpensively (at a discount, the Warren Buffett approach).
After that, you'll learn about why small-cap stocks should always outperform larger cap ones and how to pick the right ones.
The next section helps you spot companies that are breaking the mold with new business models that can give them extraordinary success over a short period of time (as Google did in the 21st century).
The Gardners next look at international investing and help you understand the various ways that you can pick successful stocks that will benefit from selling into locations where growth and profits will be high.
In the CAPS section, they explain about their online resource for assessing individual securities as a way for you to check your thinking.
It's an example of crowd wisdom.
Finally, you are shown how to assemble a portfolio using these various approaches . . . adjusted for your age, needs, and risk tolerances.
The book also gives you guidance on how to pick mutual funds in the appendix if you decide you don't want to be a stock picker.
The book has an excellent balance of summarizing the best academic research and outstanding books while providing simple "how to" directions complemented by examples that are completely developed enough to help you understand the analysis and thinking process that are being recommended.
I have only a few reservations about the book that kept me from grading it at five stars:
1. The book assumes that the investor is paying taxes on gains when incurred. If you are investing in a tax-deferred account (such as an IRA or 401k, the answers are a little different from what is described here).
2. The book assumes that an investor who reads this book wants to try to be a stock picker. Most people would be well advised not to be stock pickers. The joys of putting together a portfolio of index funds should have been explained in detail for those people.
3. The section on risk takers and rule breakers wasn't strong enough to teach someone what to look for. That surprised me given that the Gardners have published a book in the past on that very subject.
As a complement for this book, I suggest you also read John Bogle's Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and Jeremy Siegel's Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns And Long Term Investment Strategies.
Good luck!
One of the guilty little secrets about Wall Street is that the average investor does poorly, selling when stocks are down and buying when they are up, trading too often, piling up extra expenses for taxes and brokerage commissions. Why? People want to get rich quick. It's possible, but you are more likely to get rich slowly. This book teaches you how to do the latter by taking advantage of compounded returns.
David and Tom Gardner have provided a solid resource for those who are new to investing and want to take advantage of long-term trends and the odds to build a portfolio that will outperform inflation and the market averages. At a time like this when stocks have cratered and many bonds have buckled, many people will be reluctant to invest in anything other than treasury securities. Yet the best opportunities to invest usually come when things look quite bleak.
The book assumes that you've never bought a stock before. If that's you, I'm sure you will be able to pick a better stock than my first broker picked out for me (which promptly fell 95 percent in value).
From there, you'll learn about the benefits of buying stocks that grow and pay generous dividends (more than half of long-term gains from stocks come in dividend payments).
Next, the Gardners explain about buying high-quality, large companies inexpensively (at a discount, the Warren Buffett approach).
After that, you'll learn about why small-cap stocks should always outperform larger cap ones and how to pick the right ones.
The next section helps you spot companies that are breaking the mold with new business models that can give them extraordinary success over a short period of time (as Google did in the 21st century).
The Gardners next look at international investing and help you understand the various ways that you can pick successful stocks that will benefit from selling into locations where growth and profits will be high.
In the CAPS section, they explain about their online resource for assessing individual securities as a way for you to check your thinking.
It's an example of crowd wisdom.
Finally, you are shown how to assemble a portfolio using these various approaches . . . adjusted for your age, needs, and risk tolerances.
The book also gives you guidance on how to pick mutual funds in the appendix if you decide you don't want to be a stock picker.
The book has an excellent balance of summarizing the best academic research and outstanding books while providing simple "how to" directions complemented by examples that are completely developed enough to help you understand the analysis and thinking process that are being recommended.
I have only a few reservations about the book that kept me from grading it at five stars:
1. The book assumes that the investor is paying taxes on gains when incurred. If you are investing in a tax-deferred account (such as an IRA or 401k, the answers are a little different from what is described here).
2. The book assumes that an investor who reads this book wants to try to be a stock picker. Most people would be well advised not to be stock pickers. The joys of putting together a portfolio of index funds should have been explained in detail for those people.
3. The section on risk takers and rule breakers wasn't strong enough to teach someone what to look for. That surprised me given that the Gardners have published a book in the past on that very subject.
As a complement for this book, I suggest you also read John Bogle's Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and Jeremy Siegel's Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns And Long Term Investment Strategies.
Good luck!
2 of 2 people found the following review helpful
Format:Hardcover
This is a very timely book considering that we are in the recession. The book talks about how Warren Buffett was sitting on a lot of cash in 2005, 2006, and 2007. When the stock market collapsed, he started putting the money to work. Investors should also put their money to work now because opportunities are abundant. As everyone else is panicking and selling their holdings from their retirement accounts, the number of favorably priced stocks is unbelievably high.
Chapter 1 states that Americans make three primary investment mistakes:
1) Never saving or investing in anything
2) Waiting too long to start
3) Picking the wrong stocks
This book teaches investors how to pick stocks. It shows what criteria Warren Buffett uses for Berkshire Hathaway to pick his investments. I liked how the authors used different examples of companies to showcase their points. It is really nice to read their analysis on particular companies, especially when I was personally analyzing some of the same companies for my own portfolio. I also appreciate that the books lists not only successful picks, but also some losers. For example, the authors say that they wish they never purchased Entercom. Their mistake was overestimating the company's competitive position. This is an excellent book for beginning and intermediate investors.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Chapter 1 states that Americans make three primary investment mistakes:
1) Never saving or investing in anything
2) Waiting too long to start
3) Picking the wrong stocks
This book teaches investors how to pick stocks. It shows what criteria Warren Buffett uses for Berkshire Hathaway to pick his investments. I liked how the authors used different examples of companies to showcase their points. It is really nice to read their analysis on particular companies, especially when I was personally analyzing some of the same companies for my own portfolio. I also appreciate that the books lists not only successful picks, but also some losers. For example, the authors say that they wish they never purchased Entercom. Their mistake was overestimating the company's competitive position. This is an excellent book for beginning and intermediate investors.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
68 reviews
74 of 83 people found the following review helpful
Excellent and Understandable Overview of Investing Styles and Portfolio Asset Allocation
27 Dec 2008
Format:Hardcover|Amazon Vine™ Review
(What's this?)
If you apply this approach consistently and follow it for the next several decades, you will do well. If you follow your own ideas, I doubt if your results after tax will come close to what you could have earned by applying these methods.
One of the guilty little secrets about Wall Street is that the average investor does poorly, selling when stocks are down and buying when they are up, trading too often, piling up extra expenses for taxes and brokerage commissions. Why? People want to get rich quick. It's possible, but you are more likely to get rich slowly. This book teaches you how to do the latter by taking advantage of compounded returns.
David and Tom Gardner have provided a solid resource for those who are new to investing and want to take advantage of long-term trends and the odds to build a portfolio that will outperform inflation and the market averages. At a time like this when stocks have cratered and many bonds have buckled, many people will be reluctant to invest in anything other than treasury securities. Yet the best opportunities to invest usually come when things look quite bleak.
The book assumes that you've never bought a stock before. If that's you, I'm sure you will be able to pick a better stock than my first broker picked out for me (which promptly fell 95 percent in value).
From there, you'll learn about the benefits of buying stocks that grow and pay generous dividends (more than half of long-term gains from stocks come in dividend payments).
Next, the Gardners explain about buying high-quality, large companies inexpensively (at a discount, the Warren Buffett approach).
After that, you'll learn about why small-cap stocks should always outperform larger cap ones and how to pick the right ones.
The next section helps you spot companies that are breaking the mold with new business models that can give them extraordinary success over a short period of time (as Google did in the 21st century).
The Gardners next look at international investing and help you understand the various ways that you can pick successful stocks that will benefit from selling into locations where growth and profits will be high.
In the CAPS section, they explain about their online resource for assessing individual securities as a way for you to check your thinking.
It's an example of crowd wisdom.
Finally, you are shown how to assemble a portfolio using these various approaches . . . adjusted for your age, needs, and risk tolerances.
The book also gives you guidance on how to pick mutual funds in the appendix if you decide you don't want to be a stock picker.
The book has an excellent balance of summarizing the best academic research and outstanding books while providing simple "how to" directions complemented by examples that are completely developed enough to help you understand the analysis and thinking process that are being recommended.
I have only a few reservations about the book that kept me from grading it at five stars:
1. The book assumes that the investor is paying taxes on gains when incurred. If you are investing in a tax-deferred account (such as an IRA or 401k, the answers are a little different from what is described here).
2. The book assumes that an investor who reads this book wants to try to be a stock picker. Most people would be well advised not to be stock pickers. The joys of putting together a portfolio of index funds should have been explained in detail for those people.
3. The section on risk takers and rule breakers wasn't strong enough to teach someone what to look for. That surprised me given that the Gardners have published a book in the past on that very subject.
As a complement for this book, I suggest you also read John Bogle's Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and Jeremy Siegel's Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns And Long Term Investment Strategies.
Good luck!
One of the guilty little secrets about Wall Street is that the average investor does poorly, selling when stocks are down and buying when they are up, trading too often, piling up extra expenses for taxes and brokerage commissions. Why? People want to get rich quick. It's possible, but you are more likely to get rich slowly. This book teaches you how to do the latter by taking advantage of compounded returns.
David and Tom Gardner have provided a solid resource for those who are new to investing and want to take advantage of long-term trends and the odds to build a portfolio that will outperform inflation and the market averages. At a time like this when stocks have cratered and many bonds have buckled, many people will be reluctant to invest in anything other than treasury securities. Yet the best opportunities to invest usually come when things look quite bleak.
The book assumes that you've never bought a stock before. If that's you, I'm sure you will be able to pick a better stock than my first broker picked out for me (which promptly fell 95 percent in value).
From there, you'll learn about the benefits of buying stocks that grow and pay generous dividends (more than half of long-term gains from stocks come in dividend payments).
Next, the Gardners explain about buying high-quality, large companies inexpensively (at a discount, the Warren Buffett approach).
After that, you'll learn about why small-cap stocks should always outperform larger cap ones and how to pick the right ones.
The next section helps you spot companies that are breaking the mold with new business models that can give them extraordinary success over a short period of time (as Google did in the 21st century).
The Gardners next look at international investing and help you understand the various ways that you can pick successful stocks that will benefit from selling into locations where growth and profits will be high.
In the CAPS section, they explain about their online resource for assessing individual securities as a way for you to check your thinking.
It's an example of crowd wisdom.
Finally, you are shown how to assemble a portfolio using these various approaches . . . adjusted for your age, needs, and risk tolerances.
The book also gives you guidance on how to pick mutual funds in the appendix if you decide you don't want to be a stock picker.
The book has an excellent balance of summarizing the best academic research and outstanding books while providing simple "how to" directions complemented by examples that are completely developed enough to help you understand the analysis and thinking process that are being recommended.
I have only a few reservations about the book that kept me from grading it at five stars:
1. The book assumes that the investor is paying taxes on gains when incurred. If you are investing in a tax-deferred account (such as an IRA or 401k, the answers are a little different from what is described here).
2. The book assumes that an investor who reads this book wants to try to be a stock picker. Most people would be well advised not to be stock pickers. The joys of putting together a portfolio of index funds should have been explained in detail for those people.
3. The section on risk takers and rule breakers wasn't strong enough to teach someone what to look for. That surprised me given that the Gardners have published a book in the past on that very subject.
As a complement for this book, I suggest you also read John Bogle's Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and Jeremy Siegel's Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns And Long Term Investment Strategies.
Good luck!
27 of 30 people found the following review helpful
You could do better - much better
27 Jan 2009
Format:Hardcover|Amazon Vine™ Review
(What's this?)
My personal and professional focus is mainly on trading, but I do periodically act as an investor as well. That being the case, I thought I'd give this book a read to see what the popular Fools had to say on the subject. I didn't come away particularly impressed.
First of all, the whole book is an advertisement. The reader is constantly being sold on Motley Fool services of one kind or another. Of course you know going in that the book is going to promote Motley Fool, but it doesn't need to be so continuous and overt. Makes me glad I didn't actually pay for the book.
Secondly, there is a painfully obvious error (or rather set of errors) made at the outset of Chapter 3 when the authors are trying to preach the advantage of buy-and-hold investing over active trading. I take no issue with the general argument made about how taxes and transactions costs make active trading more of a challenge than buy-and-hold investing. Their example to demonstrate how this is true, however, is so painfully incorrect in its math and interpretations as to be farcical. Such obvious mistakes makes me wonder about the attention to detail of the Fools, which is a problem when you consider company analysis and stock picking is their proported focus.
Thirdly, while there are some good elements to what the book says, most of it is stuff that's been said before many times in other places - better places. If you're really interested in the subject of stock investing, the first place I would go is One Up On Wall Street, by Peter Lynch. I read that book back when it first came out - a looonnnggg time ago - and found it extremely useful. There's a reason it's one of the best selling stock investing books of all time. Of course there are also loads of Buffett books, but I'm not going to recommend any of those because frankly there aren't many who can invest the way Buffett does.
Bottom line, look elsewhere.
First of all, the whole book is an advertisement. The reader is constantly being sold on Motley Fool services of one kind or another. Of course you know going in that the book is going to promote Motley Fool, but it doesn't need to be so continuous and overt. Makes me glad I didn't actually pay for the book.
Secondly, there is a painfully obvious error (or rather set of errors) made at the outset of Chapter 3 when the authors are trying to preach the advantage of buy-and-hold investing over active trading. I take no issue with the general argument made about how taxes and transactions costs make active trading more of a challenge than buy-and-hold investing. Their example to demonstrate how this is true, however, is so painfully incorrect in its math and interpretations as to be farcical. Such obvious mistakes makes me wonder about the attention to detail of the Fools, which is a problem when you consider company analysis and stock picking is their proported focus.
Thirdly, while there are some good elements to what the book says, most of it is stuff that's been said before many times in other places - better places. If you're really interested in the subject of stock investing, the first place I would go is One Up On Wall Street, by Peter Lynch. I read that book back when it first came out - a looonnnggg time ago - and found it extremely useful. There's a reason it's one of the best selling stock investing books of all time. Of course there are also loads of Buffett books, but I'm not going to recommend any of those because frankly there aren't many who can invest the way Buffett does.
Bottom line, look elsewhere.
40 of 51 people found the following review helpful
Wildly successful?
6 Jan 2009
Format:Hardcover
Wildly successful? Maybe wildly successful in their marketing and getting lots of members for their portfolio but not for their investment choices As a paying member however I can tell you that as of this writing the portfolio is doing only marginally better than the S&P 500 and even that is because they had a lot of their money in cash while getting the program rolling. Perhaps over time their investments will be wildly successful but it would be a gross exaggeration to call it that now. It is just too soon to tell.
Were these reviews helpful?
Let us know
![[Start the discussion]](http://g-ecx.images-amazon.com/images/G/02/x-locale/communities/discussion_boards/start-new-discussion-sec._V192198663_.gif){kind=small}
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
