Investing is changing. Policies that have propped up the U.S. stock market are going away in an effort to hand off to more organic growth not dependent on money printing and zero interest rates.
The environment ahead, then, will be tough for investors — or maybe not, as a newly released book contends. In fact, the authors say investors should devote just a half an hour a week to their portfolios and let the pros do the heavy lifting.
"The 30-Minute Millionaire," co-authored by CNBC.com Finance Editor Jeff Cox and his writing partner Peter Tanous, is a blueprint for a road ahead that looks very different than the one traveled since the bull market began in 2009. Cox and Tanous see a slow-growth world in which investors need to shed short-term thinking and use passive strategies to deliver consistent returns.
The excerpt here provides the introduction, giving an overview of how Cox and Tanous, chairman of Lynx Investment Advisory, view the climate ahead. Also included is a chapter titled "Fear the Fed" that examines the way in which the Fed will go from a market tailwind to a headwind.
This is the duo's second book, the first being 2011's "Debt, Deficits and the Demise of the American Economy."