Overview

Learn how to protect and grow your wealth with this commonsense guide to investing   You manage your own money. You understand the basics of investing and diversifying your portfolio. Now it’s time to invest like a pro for greater profits—with investment expert David Stein, host of the popular weekly podcast, “Money for the Rest of Us.” He’s created a unique ten-question template that makes it easy for individual investors like you to:   • Invest more confidently • Feel less overwhelmed • Build a stronger portfolio • Avoid costly mistakes • Plan and save for retirement   Despite what many people believe, you don’t need to be an expert to be a successful investor. With Stein as your personal money mentor, you’ll learn how to make smarter, more informed decisions that can help reduce your risk and increase your gains by following a few simple rules for analyzing any investment. This is how the professionals grow their wealth and how you can, too. This is Money for the Rest of Us.  

Full Product Details

Author:   J. David Stein
Publisher:   McGraw-Hill Education
Imprint:   McGraw-Hill Education
Dimensions:   Width: 17.00cm , Height: 2.50cm , Length: 23.90cm
Weight:   0.481kg
ISBN:  

9781260453867

ISBN 10:   1260453863
Pages:   272
Publication Date:   27 November 2019
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

ACKNOWLEDGMENTS INTRODUCTION Making Investment Mistakes Is Normal You Are a Portfolio Manager A Different Kind of Investing Book What You Will Learn 1 WHAT IS IT? If We Can’t Explain an Investment, Then We Shouldn’t Invest The Primary Reason to Buy an Individual Stock If You Can’t Explain It, Don’t Invest Who Is Selling It? We May Not Know as Much as We Think Dealing with Unknowns Complex Adaptive Systems Reacting to Available Information Why Accurately Predicting the Future Is So Difficult Investing on the Leading Edge of the Present The Math and Emotion of Investing An Investing Framework Chapter Summary 2 IS IT INVESTING, SPECULATING, OR GAMBLING? A Simple Filter for Segmenting the Investing Universe What Is Investing? What Is Speculating? Attempting to Day-Trade What Is Gambling? Chapter Summary 3 WHAT IS THE UPSIDE? Rules of Thumb for Estimating Investment Returns A Flawed Financial Plan Rules of Thumb Estimating Bond Returns Estimating Stock Returns How to Estimate Returns in Your Portfolio A More Reasonable Financial Plan Chapter Summary 4 WHAT IS THE DOWNSIDE? Rules of Thumb for Evaluating Risk Navigating the Global Financial Crisis What Is Risk? Maximum Drawdowns and Recoveries The Potential Devastating Impact of Large Portfolio Losses Why Assets Fall in Price How to Manage Risk in Your Portfolio Chapter Summary 5 WHO IS ON THE OTHER SIDE OF THE TRADE? Evaluating What the Seller Knows About an Investment With Whom Are You Trading? Financial Markets Are Increasingly More Competitive Active Manager Underperformance Are Markets Efficient? Adaptive Markets How to Balance Active and Passive Investing in Your Portfolio Chapter Summary 6 WHAT IS THE INVESTMENT VEHICLE? Evaluating Exchange-Traded Funds, Mutual Funds, and Other Investment Securities Applying the Investment Framework Evaluating Investment Vehicles Closed-End Funds Exchange-Traded Funds Chapter Summary 7 WHAT DOES IT TAKE TO BE SUCCESSFUL? Identifying What Drives Investment Outcomes Wayfinding Return Drivers Dividend Investing Market Conditions Multiple Return Drivers Chapter Summary 8 WHO IS GETTING A CUT? Managing Fees and Taxes Types of Investment Expenses Managing Investment Fees Retaining a Financial Advisor Taxes Rebalancing Your Portfolio Inflation and Asset Allocation How to Manage Investment Costs in Your Portfolio Chapter Summary 9 HOW DOES IT IMPACT YOUR PORTFOLIO? Asset Allocation Asset Allocation Using Modern Portfolio Theory The Asset Garden Approach to Asset Allocation International Stocks and Bonds Fundamental Indexing How to Allocate Assets in Your Portfolio An Alternative Approach Chapter Summary 10 SHOULD YOU INVEST? Applying the Investment Framework Dollar-Cost Averaging Position Size Market Timing Versus Risk Management Economic Trends Socially Responsible Investing Piecemeal Portfolio Managers Chapter Summary CONCLUSION GLOSSARY BIBLIOGRAPHY NOTES INDEX

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Author Information

David Stein was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $70 billion investment advisory firm, where he co-headed the 21-person research group. His weekly podcast on investing and the economy, ""Money for the Rest of Us,"" reaches more than 40,000 listeners per episode and has been mentioned in The New York Times, the Chicago Tribune, U.S. News and World Report, and Forbes.

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