DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth

Praise for DIY Financial Advisor

"Surprisingly simple advice: Avoid these common mistakes, make these small improvements, and voilà! Better investing performance!"
Barry Ritholtz, Chief Investment Officer, Ritholtz Wealth Management

"Sophisticated yet sensible advice is typically afforded to only the wealthiest individuals and institutions. Now it is accessible to all in DIY Financial Advisor. A must read."
Eric Balchunas, Senior ETF Analyst, Bloomberg Intelligence and author of The Institutional ETF Toolbox

"DIY Financial Advisor is a great read for investors who want to take their retirement into their own hands. Wes Gray & co. bring a ton of enthusiasm to the topic while arming their readers to the teeth with useful information."
Joshua M. Brown, author of the bestselling book Backstage Wall Street, founder of The Reformed Broker blog, and star of CNBC′s The Halftime Report

"Wall Street′s so–called experts are overconfident, biased, and out to sell you a story. That is why DIY Financial Advisor is such a valuable resource."
Tadas Viskanta, Founder and Editor of Abnormal Returns, author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere

"Investors are told their success relies on complex strategies and expert forecasts about the future. Using an evidence–based approach, Gray, Vogel, and Foulke prove why this isn′t the case. A great read!"
Ben Carlson, author of A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan

Foreword

Preface

Acknowledgments

Part One: Why You Can Beat the Experts

Chapter 1: Are Experts Trying Too Hard?

Chapter 2: Simple Models Typically Beat the Experts

Chapter 3: Experts are Biased and Overconfident

Chapter 4: Experts Tell Us Stories, Not Facts

Part Two: How You Can Beat the Experts

Chapter 5: A Framework for Investment Decisions

Chapter 6: A Simple Asset Allocation Model that Works

Chapter 7: A Simple Risk Management Model that Works

Chapter 8: Simple Security Selection Models that Work

Chapter 9: The Robust Asset Allocation Solution

Chapter 10: Ten Reasons Why You Will Not Do It Yourself

Appendix: Analysis Legend

About the Authors

About the Companion Website

Index

WESLEY R. GRAY, PHD, is the founder of Alpha Architect, LLC, where he is the executive managing member. Dr. Gray is the co–author of Quantitative Value: A Practitioner′s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.

JACK R. VOGEL, PHD, is a managing member of Alpha Architect, LLC, where he heads the research department, writes papers on empirical asset pricing, and serves as the Chief Financial Officer.

DAVID P. FOULKE is a managing member of Alpha Architect, LLC. He assists in business development, firm operations, strategic initiatives, and developing papers on quantitative investing and behavioral finance topics.