Synopses & Reviews
Growing up in a family-run investment advisory business and then working with the highly effective financial strategies he discovered within the powerhouse Hollywood studios of Disney, Universal, and Warner Brothers, Alan Haft has been involved in the world of finance for most of his life. Having formed a company with Oscar-nominated actor James Woods; helped take a technology company public; and raised money, planned productions, and obsessed over every last detail to ensure the profitability of various film projects, Haft realized the road to success in Hollywood in many ways mirrors the prudent principles of successful investing.
Today, as a nationally recognized financial advisor, speaker, and columnist, Haft has successfully guided many people—from movie stars with a king's ransom to married couples with a large mortgage—to reach their financial goals and increase their standard of living. Now, in You Can Never Be Too Rich, Haft uses his vast knowledge base, highly innovative investment concepts, and entertaining style of writing to create proven investment solutions that will help you do the same.
In You Can Never Be Too Rich, Haft shares his much sought-after financial advice and reveals how to minimize risk and take advantage of the opportunities that can lead to a lifetime of financial security. With this down-to-earth and highly informative book as your guide, you'll quickly learn how to build and protect wealth and discover investment secrets that many Wall Street brokers and advisors would prefer you didn't know about.
Along the way, you'll also become familiar with:
An extremely simple investment strategy that is statistically proven to outperform most of Wall Street's top fund managers
A step-by-step guide that not only helps assist investors with building diversified investment portfolios, but also provides them with the knowledge that gives them the best chances to "buy low and sell high"
An effortless way to automatically lock in your highest stock market values and later draw income from them for the rest of your life
How to potentially more than double your income at retirement with a "Private Pension" that you cannot outlive
How your parent(s) can potentially leave you "a free million dollars" at no cost to you or them
And much, much more
Filled with the in-depth insights and practical advice of one of today's most experienced financial advisors, You Can Never Be Too Rich clearly focuses on how anybody—whether you're just starting to work or well on your way to retirement—can consistently sustain financial success without getting caught up in market swings, tax traps, or poor investment decisions. With this book, Haft doesn't rely on gimmicks or get-rich-quick schemes to help you reach your goals; he simply offers proven and easy-to-understand strategies that will allow you to make profitable financial decisions based on your specific situation.
Synopsis
Solid financial guidance for anyone looking to build and protect their wealthEvery day, nationally recognized financial advisor Alan Haft helps his clients reach their financial goals and increase their standard of living. Now, in You Can Never Be Too Rich, Haft uses his vast knowledge base, highly innovative investment concepts, and entertaining style of writing to create proven investment solutions that will help readers minimize risk and take advantage of opportunities that lead to financial security for a lifetime. With this essential guide, Haft walks readers through the process of building and protecting wealth-and reveals the financial secrets that most investment professionals aren't aware of. You Can Never Be Too Rich clearly focuses on how people-whether they're just starting to work or are well on their way to retirement-can build a sizeable nest egg without getting caught up in market swings, taxes, or poor investment decisions. In this book, Haft doesn't rely on gimmicks or get-rich-quick schemes to help readers reach their goals; he simply offers proven and easy-to-understand-yet highly effective-advice that will allow them to make profitable financial decisions based on their specific situations.
Synopsis
Solid financial guidance for anyone looking to build and protect their wealth
Every day, nationally recognized financial advisor Alan Haft helps his clients reach their financial goals and increase their standard of living. Now, in You Can Never Be Too Rich, Haft uses his vast knowledge base, highly innovative investment concepts, and entertaining style of writing to create proven investment solutions that will help readers minimize risk and take advantage of opportunities that lead to financial security for a lifetime. With this essential guide, Haft walks readers through the process of building and protecting wealthand reveals the financial secrets that most investment professionals arent aware of. You Can Never Be Too Rich clearly focuses on how peoplewhether theyre just starting to work or are well on their way to retirementcan build a sizeable nest egg without getting caught up in market swings, taxes, or poor investment decisions. In this book, Haft doesnt rely on gimmicks or get-rich-quick schemes to help readers reach their goals; he simply offers proven and easy-to-understandyet highly effectiveadvice that will allow them to make profitable financial decisions based on their specific situations.
Alan Haft (Boca Raton, FL) is a well-known personal finance expert, who has a diverse array of clients across the nation. His newspaper column, "The Haft of It, " appears in several newspapers across the country and is being heavily marketed to newspapers up and down the East Coast. Haft is frequently quoted in a wide range of financial press, includingBusinessWeek, Money magazine, Forbes, morningstar.com, and many other media outlets.
Synopsis
Praise for You Can Never Be Too Rich"Great guy, fantastic book. I've known Alan for many years, and I'm a richer man because of it."
—James Woods, two-time Oscar-nominated veteran actor and star of CBS TV's hit primetime drama, Shark
"Honest and practical, witty and unique, You Can Never Be Too Rich offers an abundance of highly valuable information most investors have never heard about."
—Mark Bakshi, President of Production Management Worldwide, Paramount Pictures
"Leaving no stone unturned, You Can Never Be Too Rich not only focuses on timeless concepts of successful investing, but all other elements of financial success you won't want to miss."
—Rodney Liber, Executive Producer of In Good Company, Dunston Checks In, Big Momma's House, Wild Things, and American Dreamz
"Alan's book delivers a grand slam for investors of all ages. I not only highly recommend it, but use the information myself."
—Barry Weinberg, Head Athletic Trainer, St. Louis Cardinals
"Packed with great information told in an easy-to-understand and highly entertaining manner, You Can Never Be Too Rich is one for all ages."
—Jay Conrad Levinson, bestselling author, Guerrilla Marketing series of books
"The concepts described in this book are all strategies Alan has implemented for us over the years, and they have been extremely effective. We're very confident you'll agree."
—Dr. and Mrs. E. Tanguilig, Palm Beach, Florida
"Combining the timeless investment principles of Graham and Buffett with clever wit in an easy-to-understand style, Alan does a fantastic job of making things simple to implement and highly entertaining. This book is a true winner."
—Denis Waitley, author, The Psychology of Winning
www.waitley.com
About the Author
Alan Haft is a nationally recognized personal finance expert who has appeared in a wide range of media outlets, including Money magazine, BusinessWeek, the Los Angeles Times, the Chicago Tribune, New York Daily News, Morningstar, Forbes.com, and TodayShow.com among many others. His newspaper column, "The Haft of It," has appeared in various newspapers across the country, and he continues to conduct entertaining, simple-to-understand, and highly informative presentations for thousands of people nationwide. For more information, visit www.alanhaft.com.
Table of Contents
Introduction. Hollywood and the Art of Investing.
Chapter 1. The Top 10 Lessons Hollywood Teaches Us About Investing.
LESSON 1. Diversification Is The Key to Success.
LESSON 2. It Doesn't Have to Be Complicated for It to Be Effective.
LESSON 3. It's the Details That Count.
LESSON 4. Costs Count.
LESSON 5. Planning is Key.
LESSON 6. Cut the Losers, Ride the Winners.
LESSON 7. Experts Focus on Reducing Risk, Novices Focus on Return.
LESSON 8. Don't Reinvent the Wheel.
LESSON 9. Complacency is the Mother of All Disasters.
LESSON 10. Defy Conventional Wisdom and Take Smart Risks.
And One More For the Road -- If There's a Will, There's a Way.
Chapter 2. To Beat the Market, Be the Market.
What Billy the Neighborhood Bully Teaches Us About Investing.
Going Down.
Stop Whacking at the Ball.
Diversification.
Off to the Races...An Introduction to Asset Allocation.
Stocks, Funds or Indexes.
The Index Advantage.
Building the House.
How to Pick a Stock Like Warren Buffett.
A Simple Way to Pick Individual Stocks.
Real World Sample Portfolios.
How to Beat Wall Street in 9 Seconds Flat.
Lifestyle Funds.
The Fine Art of Buying Low and Selling High.
Wrapping It All Up.
How Much Should I Be Saving?
Chapter 3. Reliable Returns.
Generating Reliable Returns.
The Most Dangerous Game.
The Numbers Don't Lie.
How to Avoid the Most Dangerous Game.
Are You Playing the Most Dangerous Game?
Stock Market Stan Teaches Us a Lesson.
Getting Away From the Most Dangerous Game.
Bonds.
Individual Bonds vs. Bond Mutual Funds.
Bond Ladders.
Final Points on Bonds.
Preferred Stocks.
Dividend Stocks.
The Great Wallendas Teach Us a Lesson.
Investing in the Markets With Safety Nets Beneath You.
Annuities: Aren't They Awful?
Variable Annuities.
Certificates of Deposit: When 6% = 0%.
Index Annuities.
Real Estate 180.
Reliable Returns: Conclusion.
Chapter 4. Adding a Little Life to Your Life.
Why Would I Buy Life Insurance?
Term vs. Universal Life Insurance.
Adding Instant Wealth to Your Estate.
Profiting From Selling Your Life Insurance Policy.
Tax Free Retirement Income.
Long Term Care Benefits.
Freeing Up Principal.
Having "Someone Else" Pay the Tax.
Doubling Your Income at Retirement -- The Private Pension.
The Private Pension Plan and IRAs.
One Million Dollars -- For Free?
Life Insurance: Conclusion.
Chapter 5. A Break in the Action.
Chapter 6. IRAs.
IRAs Defined.
IRAs: Frequently Asked Questions.
Roth IRAs.
401ks.
Minimizing Taxable Withdrawals.
After the Age of 70 1/2.
IRAs: Conclusion.
Chapter 7. A Few Words on Taxes.
How Your Investments Are Taxed.
Dividend Tax.
Ordinary Income.
Capital Gains.
Summarizing the Three Most Common Taxes.
The Mutual Fund Tax Problem.
Solving the Mutual Fund Taxation Problem.
How Will You Spend Your Tax Refund?
Chapter 8. The Bottom of the Ninth.
What's the Worst That Could Happen?
Anatomy of a Living Trust.
5 Estate Planning Blunders to Avoid.
Chapter 9. Support and Maintenance.
Interviewing Your Potential Advisor.
10 Things Some Advisors Would Rather You Didn't Know.
Investment Clubs.
Chapter 10. Conclusion.
Bibliography.
Resources.