Rick Ferri

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Rick Ferri. Photo by Paul (sddiehard).

Rick is a bogleheads.org reading list author

My name is Richard Ferri (Rick). I have been in the investment business for over 20 years. The first 10+ as a broker and the last 10+ years as a low-fee investment advisor.

My title is Founder of Portfolio Solutions, LLC, an investment management firm based Troy, MI. Portfolio Solutions manages close to $1 billion in separately accounts for high-net-worth individuals, families, non-profit organizations, and corporate pension plans. The firm specializes in a low-cost, tax-efficient, asset allocation investment approach to building wealth.
Education:

  • Bachelor of Science degree in Business Administration from the University of Rhode Island.
  • Master of Science degree in Finance from Walsh College.
  • Chartered Financial Analyst (CFA).

Prior to joining the investment community in 1988, I served as an officer and jet pilot in the U.S. Marine Corps. In total, I served for 21 years and retired from the Marine Corps Reserve in early 2001.

I have authored six books. My latest book, The Power of Passive Investing: More Wealth with Less Work, shows how passive investors who buy the market will capture better results than most active investors who try to beat the market. The ETF Book is a comprehensive guide to the illusive world of exchange-traded funds. Other books are Serious Money: Straight Talk about Investing for Retirement [free on-line], All About Index Funds [2nd Edition: McGraw-Hill], All About Asset Allocation [McGraw-Hill] and Protecting Your Wealth in Good Times and Bad [temporarily out of print, see below].

All the royalties I earn from the sale of books is donated to the Semper Fi Fund. This non-profit organization provides immediate financial support for injured members of U.S. Armed Forces and their families.

Books

Any purchases made at Amazon.com will result in a small referral fee for us. It does not cost you anything extra.

Blog

Rick Ferri Blog

The ETF Decision Is Not All or None Shoebox design has not changed much in 50 years. Shoeboxes are still the same shape, made of the same flimsy cardboard and hold one pair of shoes. The color and lid design do vary among companies, but it’s not a big deal for shoe buyers. We’re only [...]
Each year, I put my head on the chopping block and publish a 30-year forecast for global stock and bond market returns. This forecast is used to create long-term asset allocation strategies for our clients. It’s a terribly imprecise exercise because no one can know how financial markets will perform in the future. There are [...]
The cost to invest in mutual funds is often couched in terms of expense ratios and commissions. These are important structural costs and certainly worthy of your consideration. However, other costs are not so obvious that can eat deep into your investment return. It’s wise to know what those costs are and how they relate [...]
Peter Bernstein wrote The 60/40 Solution in 2002. His seminal article laid out arguments for why 60% stocks and 40% bonds is the “ideal asset allocation” for long-term investors. He considered this allocation the “center of gravity” on a risk and return spectrum. Bernstein’s observation is timeless advice for many investors, but not everyone. The [...]
I make investment changes at a glacial speed. The last change was about five years ago when I combined micro-cap stocks with small-cap value stocks to reduce the number of funds in the portfolio. Before that, I eliminated a preferred stock allocation, which was fortunately done right before the financial crisis. Over the coming year, I believe the opportunity may present itself for another change.

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Video

Rick Ferri discusses his book, The Power of Passive Investing, with Morningstar.

See also

External links

Website