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Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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"You Can Do This: an Interview with "The 30-Minute Millionaire" Author Jeff Cox

"The 30-Minute Millionaire" author Jeff Cox talks about responsible ways to build a secure financial future.

| BY Donald Liebenson

“One million dollars” has long been the benchmark of financial success. Getting to that first million is the tricky bit. The title of a new book, “The 30-Minute Millionaire” suggests a short-term, get-rich-quick fantasy. Far from it; the book’s subtitle is the reality check: “The Smart Way to Achieve Financial Freedom.” And that way involves planning, discipline, and a judicious allotment of time spent on your investments.

That’s where the 30-minutes come in. A half hour is how long the book’s authors, CNBC Finance Editor Jeff Cox and Peter Tanous, who previously collaborated on “Debt, Deficits, and the Demise of the American Economy,” believe that investors should spend weekly on their investments while “adopting a relatively simple investment strategy that will see you through for years to come.”

“We’re not trying to sell people snake oil, quite the opposite,” Cox told Spectrem Group. “We want to get people to think about the long-term picture and get away from the idea that you can get rich quick. Even though there are so many stories nowadays--you come up with a great idea for an app and, boom, you sell it to Facebook and you’re an instant millionaire-- for most of us that’s just not the path. We’re looking for responsible ways to build for the future.”

At the book’s core are six basic investing rules that are fleshed throughout the book: 

·         Successful investing works best over the long term

·         Asset allocation is really important

·         Don’t buy stocks (let a professional do it for you)

·         Own (some) commodities

·         Reconsider bonds

·         Understand risk

Cox and Tanous quote Ralph Waldo Emerson, who observed, “There are many things of which a wise man might wish to remain ignorant.” In the case of the modern-day investor, Cox suggests, one of those things is the indiscriminate glut of information bombarding consumers of financial media in print, on television and on the Internet.

“There is so much temptation to follow every piece of information,” Cox observes.

Investors whose portfolios reach the million dollar stage are referred to the chapter, “Do I Need an Advisor?” The authors address the “fiduciary standard” and the “suitability standard,” explain the desired designations of Chartered Financial Analyst and Certified Financial Planner, and discuss pricing formulas for investment services such as asset-based pricing and hourly pressing. Those who choose to work with a financial advisor should “make sure your decision matches your personality, history, and financial needs,” the authors write.

One achieves the million dollar benchmark with planning and with discipline, Cox emphasizes. “You have to know what your goals are and come up with a plan and stick to that plan. That’s not easy; there are so many temptations that can pull you in the wrong direction; ‘My portfolio is down 10 percent, I should start selling or changing my allocation.’ The other side of that equation is what happens when you’re up 10-15 percent and you think, ‘I’m doing really well, maybe I’ll go out and buy that boat.' There’s discipline needed on that side, too. We don’t want investors to get too cocky about their gains just as we don’t want them to start panicking about their losses.”

The key message Cox hopes readers take away from the book is an empowering one: “Don’t be intimidated by investing,” he proclaimed. “You can do this.”

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.