READING ROOM: The Informed Investor: A Hype-Free Guide to Constructing a Sound Financial Portfolio

Physician's Money Digest, January15 2003, Volume 10, Issue 1

The Informed Investor: A Hype-Free Guide to Constructing a Sound Financial Portfolio

(Amacom; 2002)

By Frank Armstrong III

The Informed Investor

Anew year offers a chanceto put a fresh face to ouraffairs, to resolve to improveall those matters we've beenputting off or ignoring. Why nottake a moment to review yourportfolio and make some crisp newdecisions? Frank Armstrong insistsin his book that "investors must take responsibilityfor their own education."

The book provides physician-investorswith the necessary lessonsin how the market reallyworks. Armstrong demonstrateshow investors with no backgroundin economics can use groundbreakingfinancial research, includingacademictheory and realworldexperience,to help build aneffective investmentplan tailoredspecifically to theirneeds, minimizingrisk and maximizingreward.

The book offers valuable commonsenseapproaches for investorsto play the investing game withskill and cunning. It touches onasset allocation and sound portfolioconstruction, saving for andduring retirement, diversificationstrategies for managing risk, planningeducation and estate funding,and preparing for hard times.Follow the book's tips on avoidinginvestment horror stories, and beprepared for whatever marketmonsters and treasures 2003 hasin store.