DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth by Wesley Gray, Jack Vogel, and David Foulke

DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth by Wesley Gray, Jack Vogel, and David Foulke

any arons Books Reviews

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?