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It would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.

Yet...many retirees are living out their retirement on the breadline without much hope for even going on holiday without being assisted by relatives or even handouts. Don't let yourself be one of them...it's never too late!

Title : How to Retire Rich: Time-Tested Strategies to Beat the Market and Retire in Style
Author : James P. O'Shaughnessy
Rating : 5 Stars out of 5.
Summary : A Nobel Prize for O'Shaughnessy!

The main message of _How to Retire Rich_ is that if you want to retire rich, or retire at all for that matter (ever!), you must invest in the stock market. You just don't have a choice in the matter. Sit down and let James O'Shaughnessy take you through the math---you'll quickly see that that is just the financial reality. The good news, however, is that investing in the stock market, when done properly, is not what you think it is. It's not about outsmarting all the other investors out there. It's not about trying to get a 'ten-bagger' so you can buy a cool car and brag at parties. It's not even about shrewd business savvy and scanning financial reports. It's about picking an effective strategy and sticking with it year in, year out until the day you retire, never pulling your money out of the market.

But if that sounds hard, don't worry. One of HTRR's strongest points is the wealth of wisdom it provides on the mental aspects of investing over the long term. What do you do if your portfolio tanks? What do you do if it soars? This is a problem? You'd be surprised! O'Shaughnessy is probably the only author with a completely rounded, mature outlook on the emotional aspects of investing. Reading HTRR will give you the confidence you need to invest and stay in the market through good times and bad.

So how do you invest? O'Shaughnessy breaks it all down for you, telling you exactly what to do. We're not talking the usual vague, feelgood accepted wisdom here such as 'buy market leaders' or 'buy on weakness, sell on strength'. Throw all those books in the trash! HTRR will tell you how to quickly find the precise stocks you should buy. You'll finish the book at 2 o'clock and have a list of the stocks to buy in your hand at 2:30. Yes, it's just that easy. You'll also know exactly when to buy them (now) and when to sell them (a year from now), and what do after that (repeat the process until you retire). What could be simpler?

O'Shaughnessy should be nominated for a Nobel Prize. He is a modern-day Charles Darwin with a theory that has all the hallmarks of a revolution in scientific thought. The theory is simple, but deceptively so. Many readers come away thinking they have understood it, only to later demonstrate that they clearly haven't. Even Motley Fool was apparently unable to grasp Reasonable Runaways (one of the strategies in HTRR). They tried to test it with a universe of stocks picked from Value Line (!). When it wasn't performing well after six months (!), they wondered how they could tweak it (!) to "make it dance" (their words). You'll understand just how ridiculous all of this is when you read HTRR.

Perhaps the reason for this widespread misunderstanding is that while the theory itself is simple, its ramifications are not---and without understanding its ramifications, it is impossible to truly understand the theory. Like Darwin, O'Shaughnessy has taken 'God'---the human element---completely out of the picture. That's what readers find so hard to grasp. O'Shaughnessy has shown that not only is human intervention in portfolio management not necessary, it's downright harmful. Given enough time, any human intervention will only lower a portfolio's returns from the optimum returns that could be obtained using a simple model.

I hesitate to include the returns I have earned over the past four years using the Reasonable Runaways strategy in this review, because I don't think they're typical. I have earned 93.15% (CARR of 17.88%) versus 1.17% (CARR of 0.29%) for the SP during the same period (July 15, 2001 to July 15, 2005). And this is during a time period that includes 9/11. But as you'll discover from reading HTRR, four years is a meaninglessly short amount of time over which to gauge performance. Also, giving out exciting returns numbers shifts the discussion away from the real message of the book---get in the stock market and stay there (investing properly of course). It's the only way you'll ever be able to retire, rich or otherwise.

For UK readers, Ifd also like to point out that if you invest in the US stock market and live outside the UK (as I do), itfs tax-free. How can you go wrong?

Title : Invest Like Warren Buffett, Live Like Jimmy Buffett: a Money Manual
Author : Luki Vail
Rating : 2 Stars out of 5.
Summary : Disappointment for fans of either Buffett.

If you are looking for some insights into Warren Buffett's investing success, look elsewhere. If you are looking for insights into Jimmy Buffett's lifestyle success, again, look elsewhere. This book takes some very pedestrian financial advice and wraps it up in a catchy title. I strongly suggest you avoid this book and search for more serious financial planning assistance.

Title : A Peaceful Retirement
Author : Read
Rating : 5 Stars out of 5.
Summary : A lovely and entertaining read, a book to get lost in.

Miss Read, again manages to captivate the feelings of those who to are approaching retirement; and also of those who aren't. Her characters are all someone you know in your own life. Always feeling that they could be so and so. I always felt as if I was included in the story, like I was a friend. I'm an avid reader of her books but it seems this is the last one? She puts such warmth and feeling into this book it spills out from every page. It is obvious that her friends are as devoted to her as she is to them whatever happens. The frequent requests of marriage from John Jenkins are bittersweet and has nearly succumb once or twice. Her lifelong friend Amy, trying so hard to matchmake over the years, tries not to let John Jenkins slip through Miss Reads' fingers but alas fails again. She gets great support from Henry Mawne, who has also been a suitor in the past but Miss Read also gently refused him. She looks forward to retirement with joy and some trepidation, however handles the situation very well. I hope there will be more stories from her in the not to distant future.

Title : How to Retire Rich
Author : James O'Shaughnessy
Rating : 2 Stars out of 5.
Summary : Started good, but then...

I don't know how to take this book. On the positive side, it offers seemingly reasonable investment strategies for inexperienced investors. At worst, the strategies are thought provoking. At best, they may be providing strategies that will make alot of people retire rich. On the negative side, I am skeptical of the author's intentions of writing this book. He sells mutual funds that implement the strategies (which is not necessarily a bad thing), but the funds have yearly fees of 1.5% each! That is very high for a passive fund. Why so high? All of a sudden, I want to stop reading. Finally, the book didn't teach me 250+ pages of info. It may be good for the new investor, but for one like me that has read a few books (but not done alot yet), it didn't offer alot of new insight. (I just can't get that 1.5% out of my head...)

Title : Five O'Clock Charlie
Author : Marguerite Henry
Rating : 5 Stars out of 5.
Summary : A terrific gift for addicting a child to reading

This was my favorite book as a child, and I've been waiting years for it to come back into print so I can give copies to all the children on my gift list. (I'm lucky enough to have an old hardback edition of my own.) For young readers (especially the horse-crazy ones) on your gift list.

Title : Ageing Body, Confused Mind
Author : Pete May
Rating : 5 Stars out of 5.
Summary : genius parody

This is such a funny book by an author who I thought could only write about football - specifically stuff on West Ham like "Hammers in the Heart", or the amateur league teams charted in "Sunday Muddy Sunday". How wrong I was. I'm planning to give a copy of "Aging body, confused mind" to any friend or relative over 30, partly as a joke and partly because it's good to be reminded to laugh at yourself however serious the world seems.

Title : Coming Up Short: The Challenge of 401(k) Plans
Author : Alicia Haydock Munnell
Rating : 4 Stars out of 5.
Summary : Warning for a disaster in the pipeline

Collective retirement accounts are out in the US. Saving for your own pension is in. Britain is going the same way. The argument in favor is that the saver can make his own invesment decisions. This book points out that this development tends to leave savers with too little money for a good pension. People underestimate how much money is needed. They put off saving. They overestimate investment returns and take very bad investment decisions. They do not realize the influence of the interest rate at the moment of retirement. The authors might have pointed out more clearly how individual accounts are far more risky than collective accounts. The book is not just a powerful indictment of the US system, but also a warning for the UK.

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