Book cover for The New Rules of Investing
Posted on by Catherine

Book Review: The New Rules of Investing: Essential Wealth Strategies for Turbulent Times

Book cover for The New Rules of Investing

Book Review: The New Rules of Investing: Essential Wealth Strategies for Turbulent Times

By Mark Haefele and Richard C. Morais

In The New Rules of Investing: Essential Wealth Strategies for Turbulent Times Mark Haefele, the chief investment officer of UBS, offers invaluable insights on navigating today’s unpredictable financial landscape. I have several takeaways from the book.

This book introduces a practical strategy of dividing assets into ‘buckets’ for living, future needs, and prosperity. This approach allows investors to tailor their strategies based on their specific financial goals and risk tolerance, making it a versatile and effective tool in wealth management.

The book dives into following the money and thinking of investing in segments. To illustrate this, the author discussed the crucial role of government spending in shaping the economy. The US government contributes more than a third of the spending in our economy. Understanding this influence is key for investors, as current government policy and spending decisions can significantly impact the financial markets.  

Many people want to direct their investments into areas that are important to them. The authors discuss the concept of impact investing, where ethical responsibility and profitability coexist. This form of investing allows one to contribute to causes like sustainability, community development, or cancer research.

The concluding chapter, Haefele tackles risk, a reminder that risk is inherent in life and investing. Thinking you have mastered risk is a sure sign you haven’t.

The book made me think differently about how and where I may invest.

 

 

The book published on January 28, 2025.  I was provided an advanced copy to read before publication.

107 Replies to “Book Review: The New Rules of Investing: Essential Wealth Strategies for Turbulent Times”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Policy Proudly powered by WordPress