Jim’s Reviews > The Gone Fishin' Portfolio: Get Wise, Get Wealthy...and Get on With Your Life > Status Update

It is time for me to re-read this book. I have been "too busy " with projects that could have been set aside. And used the time to implement the Gone Fishin Portfolio.
I goal is to refresh the portfolio in my mind and paper, then adjust and put this to work.

Investing in individual stocks timing the market and long hours following trends with the hopes of a big pay-off are short-term and costly. Using mutual funds covers long-term goals and far below the cost of stock investing.
Six crucial factors needed. How much you save. How long your investment compounds. Asset allocation. Annual return on assets. Annual expense. How much you pay in taxes?

The book at this point has been very easy to read and understand. For the seasoned investor, it could be too simple. Just consider it a refresher class for you.
Learning that stocks out preform bonds and t-bills. I'm anxious to start applying the strategy, but for now, it is important to absorb the basics.

What I know about financial matters is not as important as conceding "how much I don't." Humility and with an open mind to learn is one of the keys. A humble teachable person.
Success in investing comes from understanding basic principles- in an effective strategy - and applied discipline.
Investing should be based on unchangeable facts, not on uncertainties such as "economic growth' and "market volatility.

Your responsibility for your money includes who manages it. It should be your goal to manage funds. The steps needed Don't rely on the "market timers. Learn to invest and learn how to invest without the ade.

Alex Green's genuine desire to help get your portfolio together is obvious. While financial advisors & bankers provide financial advice. The ultimate manager of my money is my responsibility. Includes the decisions I made to delegate important responsibilities that lead to my financial independence. Get wise, Get wealth & Get on with life following his three simple steps in The Gone Fishin' Portfolio.