 | |
| Author | Daniel C. Goldie, CFA, CFP and Gordon S. Murray |
|---|---|
| Language | English |
| Genre | Investment |
| Publisher | Hachette Book Group (2011) |
Publication date | January 25, 2011 |
| Publication place | United States |
| Media type | Hardcover, paperback, audiobook, eBook, Kindle |
| Pages | 96 |
| ISBN | 978-1-4555-0330-8 |
| LC Class | 2010942432 |
The Investment Answer, Learn to Manage Your Money & Protect Your Financial Future is a No.1 New York Times bestselling book for individual investors by Daniel C. Goldie, CFA, CFP and Gordon S. Murray. It was first released in paperback in 2010, and later published in hardcover in 2011. It is 96 pages long.
Gordon Murray, who died as the result of glioblastoma on January 15, 2011,[1] chose to co-write the book in the time he had remaining. Murray had worked in institutional trading and sales at Goldman Sachs, Credit Suisse First Boston and Lehman Brothers. He retired from Wall Street in 2002.[2]
Daniel Goldie is a fee-only registered investment advisor based in Menlo Park, California.
The book is designed around five investor decisions.
- The do-it-yourself decision
- The asset allocation decision
- The diversification decision
- The active vs. passive decision
- The rebalancing decision
The book is a general guide to investment and gives fundamental explanations in each chapter. The first chapter deals with using brokers. Chapter two touches on asset allocation, explaining the relationship between risk and return. Chapter three gives a basic explanation of diversification (having a mix of assets in a portfolio). Chapter four discusses active investing versus passive investing. Chapter five is about rebalancing a portfolio. Chapter six discusses how to gauge the performance of a portfolio. Chapter seven touches on hedge funds, private equity and commodities.
- ^ "Gordon Murray - Author and former Wall Street investment banker dies at 60". tributes.com. January 17, 2011.
- ^ WRIGHT, DAVID (January 19, 2011). "Banker with Brain Tumor Dedicates Final Months to Help Average Investors". ABC News. Archived from the original on January 26, 2011. Retrieved January 25, 2011.