Description
A product of a study conducted by people who were immersed in the finance field, acting as consultants and asset managers for family offices, DIY Financial Advisor, contains significant findings formulated to serve as a guide for investors to manage and control their finance and wealth effectively.
This book is an investor’s bible to handling his finance all by himself or with little to no help from professional wealth managers. By gaining an in-depth understanding of how managing your personal finance work, investors will be able to preserve and grow their capital without seeking asset managers. Learn the basics of finance management and do it yourself to avoid unexpected loss and uncontrolled finance activities.
About the Author (s)
Wesley Gray founded Alpha Architect and served as executive managing member. He co-authored another book called Quantitative Value.
Jack Vogel is also a member of Alpha Architect. He serves as the Chief Financial Officer and research department head and writes articles on empirical asset pricing.
David Foulke is also a member of Alpha Architect. He is part of the business development staff, as well as firm operations, strategic incentives.
Table of Contents
The book presents the following topics:
Part One: Why You Can Beat the Experts
Chapter 1
Why Do We Rely on Experts?
What Are the Experts’ Incentives?
Are the Experts’ Incentives?
The Expert’s Hypothesis
Chapter 2
Simple Models Typically Beat the Experts
The Evidence Shows…
A Study of All the Studies
What if Experts Have the Model?
But Investing Is Different, Right?
Why Experts Fail to Beat Models
Chapter 3
Experts Are Biased and Overconfident
The Biased Brain
Chapter 4
Experts Tell Us Stories, Not Facts
Story-Based Investing
Evidence-Based Investing
The Recap: Why Experts Fail
Why Not Use Models?
Part Two: How You Can Beat the Experts
Chapter 5
A Framework for Investment Decisions
Assessing an Advisor is Difficult
The FACTS Framework
We’ve Got the FACTS: Now What?
Chapter 6
A Simple Asset Allocation Model that Works
Asset Allocation
A Simple Asset Allocation Model That Works
But Which Assets Do We Choose?
Chapter 7
A Simple Risk Management Model That Works
A Simple Risk Management Model That Works
How Does ROBUST Work?
Chapter 8
Simple Security Selection Models That Work
Value Investing
Momentum Investing
A Simple Momentum Model That Works
Combining Value and Momentum
International Stocks
Get ‘Er Done
Chapter 9
The Do-It-Yourself (DIY) Solution
Exploring a Simple Equal-Weight Five Asset Class Model
Enhancing the Ivy 5 Concept
Finish Strong: The Ultimate DIY Solution
Get ‘Er Done
Chapter 10
Some Practical Advice
Three Reasons We Will Not Be a DIY Investor
Three Reasons You Might Fail
But Don’t Lose Hope!
Is DIY the Only Solution?