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The Motley Fool Million Dollar Portfolio: How to Build and Grow a Panic-Proof Investment Portfolio |  | Authors: David Gardner, Tom Gardner
Publisher: HarperBusiness
Category: Book
List Price: $26.99
Buy Used: $3.57
as of 7/30/2010 15:13 CDT details
You Save: $23.42 (87%)
New (36) Used (44) from $3.57
Seller: gdwil
Rating:  62 reviews
Sales Rank: 209412
Media: Hardcover
Edition: 1
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 6.3 x 1.2
ISBN: 006156754X
Dewey Decimal Number: 332.6322
EAN: 9780061567544
ASIN: 006156754X
Publication Date: January 1, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780061567544 | | • | Condition: USED - Like New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
In this long-anticipated, groundbreaking guide to building a portfolio, acclaimed stock pickers and Internet pioneers David and Tom Gardner lay bare the simple philosophy that they have used to help millions of grateful individual investors outfox the professionals on Wall Street. The research, the stories, and the results that underpin this book stem from the revolutionary and wildly successful "Motley Fool Million Dollar Portfolio""—a one-of-a-kind Web experiment in which individual investors follow along as Motley Fool co-founder Tom Gardner invests and manages $1 million of The Motley Fool's own money. In page after page of sound, sensible investment advice, readers are offered a rare glimpse into the inner workings of The Motley Fool machine—and offered a first-class education in building, growing, and defending an individual portfolio, one investment strategy at a time. From learning to think like an investor to finding a first stock, from dividend investing to blue-chip bargains to small-cap treasures, from international investing to community-based online tools that are revolutionizing stock selection and asset allocation, this book takes the reader through the essential strategies for building any portfolio—no matter how small its start or how big its ambitions.
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| Customer Reviews:
Showing reviews 1-5 of 62
 Excellent Advice July 28, 2010
Donald Gracey (Danville, CA USA)
This book points out the advantages of technical investing, value investing, portfolio diversification, mixing demons tic stock with international. The lessons knowing the operations of the country you choose to invest along with the truth about listening to those who claim to how to handle your money best.
This book will provide you with solid information and a list of more in depth education.
Excellent Primer for Newbies and Great Framework for the Experienced January 19, 2010
Joseph J. Slevin (Carlsbad, CA United States)
I am a relative Newbie when it comes to investing in the stock market. I have dabbled occassionally and have had some inkling of what stocks to purchase a couple of times that would have made me some serious returns. One of the things that the "Million Dollar Portfolio" does is give you a 360 degree look at what to invest in, how to evaluate companies and what other expectations there are.
Although not everyone agrees with their focus, Million Dollar gives you insights into how to dig deep into a company profile and background, the tendencies that successful companies have that those who may flounder do not.
The Gardners go into a variety of sectors and do a compare and contrast on companies showing factors that lead to continued success versus those where a previously successful company has gone astray of its original mission or focus (ie. Home Depot and others).
The book discusses companies that pay dividends and how your portfolio of companies you invest in should have some of those. Suggestions are fairly wide as well. There is advice or guidance on a balanced portfolio as well, diversified (which to some is a bogey word) and a balance between domestic and international investments.
Repleat with charts and graphs, this insightful book gives a lot for the investor to think about and to help as you move forward in preparing for retirement. A must in the libraries of all those who want to have something to live on and to give to their families as they age.
Interestingly, I was reading this along with Trading From Your Gut a book about using your intuitive instincts to know when to buy and sell. Million Dollar Porfolio quotes Warren Buffett and Gut uses Soros as examples but neither uses or quotes both. Interesting to say the least.
I recommend Million Dollar Portfolio since it is very easy to read and very useful at any time in someones financial life.
 Sense and Nonsense October 21, 2009
C. Kurdas (Brooklyn, NY United States)
A market rally like the one we've witnessed since March always makes people think of buying a few shares themselves. As a guide to picking stocks, one could do worse that using The Motley Fool Million Dollar Portfolio, the newest book from the founders of the Motley Fool franchise, David and Tom Gardner.
Their advice sounds sensible enough. Find a company that's interesting to you and has financials and a business strategy you understand. Look for certain traits like consistent earnings growth, good return on equity and not much debt. Make sure the management is of high quality.
It is much easier said than done. For instance, the Gardners suggest you choose companies with dedicated, entrepreneurial, smart and reasonably compensated executives. Since executives don't usually exhibit themselves to shareholders as lazy, bureaucratic, dumb and over-paid, you have to do real detective work to figure it out.
In fact, you need to thoroughly understand a business to make intelligent choices, and while you may understand and analyze a few companies, it is unlikely that you can see through a large number of companies--unless you do this for a living and have a staff, in which case you don't need this book to tell you what to do. If you're not going to devote a big part of your life to this purpose, you can't really make well-informed decisions except for a few companies.
To be fair, the Motley Fool authors don't suggest you put all your savings in a few stocks. There's a chapter on asset allocation toward building a diversified portfolio. It's mildly entertaining, showing the disastrous choices someone would make by chasing the hottest assets in the past 30 or so years. This investor would buy gold and oil in 1980, Japanese stocks in the 1990s and US blue chips in January 2000, getting on a steep downtrend in each case.
The idea is you can pick some good stocks and round out the portfolio with mutual funds and other investments like real estate investment trusts. There is an appendix on mutual funds.
If you're willing to do all the work the book calls for, you need a more detailed guide. This just skims the surface with advice that's very familiar and Warrant Buffet stories that must have been told a thousand times by other authors. If you're not willing to put in so much effort, then you'd better not try to pick stocks.
Beyond those practical limits to its usefulness, the book has a fundamental problem: it exalts stock investing, like the whole Motley Fool franchise. The authors repeatedly point to glorious past returns in the equity market. Yes, you can add a bond fund to the portfolio, but the Fool mindset relegates that to an afterthought.
The stock-centric view may be good for the young who can wait for the market to recover after a slump, but it's a huge hazard for people closer to retirement. Stock picking books encourage Americans' already strong reverence for the equity market at the expense of other investments. As a result, many were shocked by losses in 2008.
Somebody will write a book that tells you about the underside of the stock market as well as its opportunities. This one isn't it.
A new Fool for the new economy August 16, 2009
Earl J. Mcgehee (Austin, TX USA)
This is a new set of rules modified for the new investing environment of late 2008. The new theme is influenced by Warren Buffett - he is frequently quoted in this book. This is a good guide to investing mostly in stocks. The recommendations are oriented toward the whole portfolio over the life of the investor. Chapter topics include first stocks, dividends, blue-chips, small-cap, world stocks and an index to the book. They encourage the reader to partake in their web site for continuing education and information. Like many investment books all the concepts could have been presented in 100 pages instead of 250 but at least David and Tom provided us some entertainment in their writing that filled up all the extra pages.
Next million in the making August 13, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
1 out of 1 found this review helpful
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
Showing reviews 1-5 of 62
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