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Produktbild: Ignore the Hype

Ignore the Hype Financial Strategies Beyond the Media-Driven Mayhem

Fr. 43.90

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.09.2020

Verlag

John Wiley & Sons Inc

Seitenzahl

304

Maße (L/B/H)

23.1/15.5/3 cm

Gewicht

522 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-69122-8

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.09.2020

Verlag

John Wiley & Sons Inc

Seitenzahl

304

Maße (L/B/H)

23.1/15.5/3 cm

Gewicht

522 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-69122-8

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

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  • Produktbild: Ignore the Hype
  • Acknowledgments xi

    About the Author xiii

    Preface xv

    Introduction 1

    Part I: Yes, The Game is Rigged, But You Don't Have to Play 7

    Chapter 1: The Times They are a-Changin' 9

    There is a World of Difference Between Speculation and Investing 10

    So, Why is It So Damn Hard to Ignore the Hype?! 12

    To Play, or Not to Play, That is the Question 14

    Life at the Speed of Light 15

    Lower Transaction Costs 17

    Self-Directed Investing 20

    High-Frequency Trading 23

    The 24-Hour News Cycle 24

    Globalization 29

    The Rise of the Institutional Investor 31

    The Bottom Line 33

    Chapter 2: Don't Play a Game That's Rigged 35

    The Upward Path of Markets 36

    Asset Class Returns 38

    A Twist in the Plot 40

    Time in the Market versus Timing the Market 41

    Why are Las Vegas Casinos So Nice? 43

    The True Cost of Sitting on the Sidelines 45

    Does Crisis Equal Opportunity? 48

    Chapter 3: Guess What? A Forecast is Just a Guess 51

    But Forecasting is Fun 52

    Economists 54

    Wall Street Analysts 55

    Media Pundits 57

    The Federal Reserve (the Fed) 58

    So, What's the Problem? 59

    The All-Star Team 60

    What Should You Do with Forecasts? 62

    Part II: If You Don't Know Where You're Going, You Probably Won't Get There 65

    Chapter 4: You Must Know What Drives Investment Returns 67

    You Can Beat the Dealer, But Can You Beat the Market? 69

    It's Hard to Stand Above the Crowd in a Room Full of Tall People 70

    So, What's the Solution? 71

    Indexed Products 72

    A Rules-Based Approach 75

    Fundamental Factors for Success 78

    Stock Market Factors 79

    Growth Stocks 80

    Value Stocks 81

    Bond Market Factors 87

    The Bottom Line on Factor Premiums 93

    Chapter 5: You Must Have a Specific Financial Goal 95

    Step One: Determine Your Vision of Retirement 96

    Step Two: Determine How Much You Spend Today 98

    Step Three: Determine When You Want to Retire 99

    Step Four: Determine How Much Income You'll Need in Year One of Retirement 99

    Step Five: Determine Your Sources of Retirement Income 103

    Step Six: Determine How Much You'll Need from Your Savings and Investments 103

    Step Seven: Determine a Sustainable Distribution Rate 104

    Step Eight: Determine How Much Money You Need to Retire 105

    Step Nine: Determine Your Plan to Accumulate the Money You Need to Retire 105

    Putting It All Together with a Step-by-Step Example 107

    Already Retired? 111

    The Bottom Line 111

    Chapter 6: You Must Invest to Meet Your Goal 113

    How Much Money Do You Want to Make? 114

    How Much Money Do You Need to Make? 115

    How Much Risk Should You Take? 116

    Sleeping on a Bed of Money 120

    Adding Some Stocks to the Mix 121

    Portfolio A 123

    Portfolio B 123

    What Portfolio Do You Want? 124

    Still Not Convinced? 125

    Enjoy Your Retirement! 127

    Chapter 7: You Must Practice Smart Diversification 129

    What is Smart Diversification? 130

    You Don't Want to Be a Pig! 130

    Owning What You Know May Not Be Best 132

    It's a Big World 137

    Sometimes You're Trapped by Your Own Success 140

    Dealing with Concentrated Positions 143

    Smart Diversification Enhances Your Odds of Success 145

    Winning the Lost Decade 147

    Chapter 8: You Must Learn How You'll Be Taxed 151

    But First, the Hype 153

    And Now, the Truth 154

    Income Taxes: A Quick Primer 154

    Are Taxes Going Higher? 157

    Tax Diversification 158

    Do You Know Who Your Partner Is? 159

    As If That's Not Enough ... 162

    What's Certain in Life? 163

    Part III: Just Because You're Paranoid Doesn't Mean They Aren't Out To Get You 169

    Chapter 9: How to Avoid the Taxman Without Going to Jail 171

    Building Your Tax-Free Pool of Money 172

    Accelerating the Flow of Funds to Your Tax-free Pool 176

    Building Your Taxable Pool of Money 177

    Do You Want to Keep More of What You Make? 181

    Chapter 10: Sorry, But You're Probably Your Own Worst Enemy 185

    Tales Your Parents Told You 187

    Anchoring 189

    Confirmation Bias 190

    Overconfidence Bias 192

    Herd Behavior 194

    Framing Bias 196

    Hindsight Bias 198

    Self-attribution Bias 200

    Myopic Loss Aversion 201

    Chapter 11: FYI, the Media Doesn't Care If You Make Money 205

    But Then There's the Media ... 206

    Did Black Monday Spell Doom for Investors? 211

    What Side of the Aisle are You On? 214

    Would You Hitch Your Family's Future to the Circus? 217

    Chapter 12: Avoid the Wolf in Sheep's Clothing 223

    Does It Pass the Sniff Test? 224

    Who's Got Your Back? 224

    Focus on Minimizing Unnecessary Fees 229

    Is What You're Buying Even an Investment? 232

    Drowning in a Sea of Complexity 234

    Do You Even Know What You're Buying? 236

    But My "Regular" Bonds are Free from Commissions, Right? 237

    What are You Using Derivatives For? 241

    Market Voodoo (AKA Technical Analysis) 243

    Let Me "Sell" You an Annuity... 244

    Now, Let Me "Explain" an Annuity... 245

    The Bottom Line 247

    Chapter 13: How to Survive a Bear Attack 249

    Prepare for the Bear 250

    Risk Capacity versus Risk Tolerance 252

    Rebalance to Stay on Course 254

    Buy-and-Hold Investing 257

    Buy-and-Forget Investing 258

    So, What Do You Do When Market Valuations are Extreme? 259

    Does What Gets Measured Get Improved? 260

    Ready for Some Good News? 262

    A Better Life 263

    Conclusion 267

    Index 271