Editors' pick: Originally published March 30.
The best investors in the world, like Ray Dalio and Warren Buffett, know that the secret to successful investing is asset allocation, said Tony Robbins, author of Money: Master the Game.
"Most hedge fund managers are not keeping up with the market at this stage, and so you have to evaluate effectively based on your needs and your goals," said Robbins. "But I think you need a fiduciary who is not here to sell you anything, who has an extraordinary track record, who can find the right asset allocation for you at this stage in your life."
Robbins' bestseller Money: Master the Game is now available in paperback after selling more than half a million copies in hardcover in the past year. The book offers financial advice based on Robbins' interviews with 50 of the most successful financial figures in the world, including Warren Buffett, Vanguard's John Bogle, legendary trader Paul Tudor Jones and Bridgewater Associates' Ray Dalio.
Robbins' previous self-help books include Unlimited Power, Unleash the Power Within and Awaken the Giant Within.
All proceeds from Money are being donated to Feeding America. Last year, Robbins personally provided 59 million meals to Americans in need and matched funds to feed 100 million altogether. His goal is to feed 250 million by the end of this year, and a billion in a decade.
The new edition features fresh insights from Peter Mallouk, of independent financial advisor Creative Planning. Robbins has joined Creative Planning's board of directors, and assumed the role of Chief of Investor Psychology at the firm, leveraging his "Six Human Needs" principles.
"Creative Planning is like a family office, not only for multi-millionaires and billionaires, but I convinced them to do it for people with as little as $50,000," said Robbins. "That means that people can now get coaching from somebody that is a true fiduciary and also have all the qualities of a family office, or somebody looking out for you at all levels."