Here’s what readers have said about The Death of Buy and Hold:
This book provides a plan for retirement that is easy to understand and implement, and can be adjusted according to the investor’s age, income, and risk tolerance. I am an amateur investor–a self-employed single parent who also cares for my elderly father. My dad insists that I manage his retirement money, and has been overly aggressive in the past, to his detriment. I have read many books on investing, but this book is exactly what I need, and has quickly moved into my top three investing books. The author thoughtfully explains and walks through the different aspects of planning for retirement that must be considered, demonstrating each step, and then showing how to put it all together. Topics covered include (not necessarily in this order):
• How to diversify and why it’s important
• Figuring out your risk tolerance
• Asset classes that should be included in one’s portfolio, and how to determine the appropriate balance
• Reducing volatility
• Tax advice
• Protecting your portfolio from inflation
• Determining what your withdrawal rate will need to be in retirement, and therefore, how much you need to be contributing now.
• How to use bonds, ETFs and index funds
• Specific and detailed advice on knowing when you need to just HOLD; why it’s important, and how to handle the psychological challenges of doing nothing when things get crazy
• Portfolio maintenance in retirement
These are the main topics covered, but Minnucci provides a lot of historical information in his explanations that demonstrate the thoughtful research and time that must have gone into the writing of the book. His sense of humor is engaging, and he doesn’t allow us to take ourselves too seriously. I’ve only read the book once so far, but it has already become one of my most valuable reference books. I recommend it highly and will be buying copies for my kids.
If you don’t want to go broke during retirement you will want to read this book and heed its advice. This is a sober, lively, well-researched book offering spot-on advice on how to avoid the pitfalls that stock market volatility and inflation can wreak on your retirement portfolio. It offers a clear-cut and detailed step by step plan on how to structure your portfolio to insure that you have enough money to survive retirement. If nothing else, its serious analysis clearly points out what can go wrong to jeopardize your retirement savings. It is a real eye-opener and will at minimum make you examine your portfolio with a fresh eye.