The Defence, by Garth Turner. Some people have remarked that this book should have come out a few months
earlier, in time to avoid the recent financial crisis. I couldn't help noticing that many of the valuable insights
and practical tips were previously addressed in Garth's newsletter "The Turner Report". You may want
to consider subscribing to this newsletter so as to avoid this problem in the future.
Almost half the book, 126 pages are dedicated to "The Great Threats, and How to Survive Them". Each major
threat is identified with examples, charts, illustrations and a summary at the end of each chapter. Some of these
threats are:
- Market Meltdown,
- Political Instability,
- Retirement Crisis,
- Tax Creep,
- Outliving Your Money
The second part is entitled "Where to Keep Your Money Safe". Fixed Income, Stocks and Mutual Funds are
examined. The third section is "How to Help Yourself". The bulk of this section is dedicated to "Why
Everybody Needs an Advisor" and "The Best Defence: Knowledge". Some worksheets are also included.
I've said this before, and I'm saying it again. Read his books, subscribe to his newsletter and attend his lectures.
This book is a "must read".
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