Ignore the Hype - Financial Strategies Beyond the Media-Driven Mayhem

Secure your investment gains and supercharge your results with this down-to-earth analysis of investing fundamentals
 
Via powerful and unique insights, Ignore the Hype: Financial Strategies Beyond the Media-Driven Mayhem teaches readers how to keep their focus squarely on time-tested strategies for meeting their financial goals without getting distracted by a constant barrage of news headlines.
 
The book takes a common-sense approach to the financial world that's ideally suited to the everyday investor. It covers topics including:
* How to avoid competing against hedge funds in a game they've rigged
* What you can do today to avoid taxes tomorrow
* Wall Street's Dirty Secret: Forecasting is just guessing
* Why some of your investments have worse odds than a casino game
* How the media circus can derail your financial plans
* Surviving a world where financial advisors don't have to act in your best interest
 
Ignore the Hype emphasizes the difference between short-term trading and long-term investing, how to filter the constant onslaught of information coming your way from every angle and separate the valuable content from the noise, and how to build a foundation for investment success based on common sense and academic research.

Sommario

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

Info autore

BRIAN PERRY is Executive Vice President at Pure Financial Advisors. In that role, he uses his extensive background and experience to promote financial education and help individuals meet their financial goals. In his quest to help people live the life they deserve, Brian has published widely, appeared on TV and radio, and spoken at countless seminars, workshops, conferences, and classes. Having spent more than two decades in the financial arena, Brian previously worked as an institutional portfolio manager and as a bond trader for several investment banks. He has an MBA in international business as well as a master's degree in international affairs. He also holds the designation of Chartered Financial Analyst and is a Certified Financial Planner^TM professional. Brian previously wrote From Piggybank to Portfolio: A Financial Roadmap for New Investors, in 2009.

Riassunto

Secure your investment gains and supercharge your results with this down-to-earth analysis of investing fundamentals

Via powerful and unique insights, Ignore the Hype: Financial Strategies Beyond the Media-Driven Mayhem teaches readers how to keep their focus squarely on time-tested strategies for meeting their financial goals without getting distracted by a constant barrage of news headlines.

The book takes a common-sense approach to the financial world that's ideally suited to the everyday investor. It covers topics including:
* How to avoid competing against hedge funds in a game they've rigged
* What you can do today to avoid taxes tomorrow
* Wall Street's Dirty Secret: Forecasting is just guessing
* Why some of your investments have worse odds than a casino game
* How the media circus can derail your financial plans
* Surviving a world where financial advisors don't have to act in your best interest

Ignore the Hype emphasizes the difference between short-term trading and long-term investing, how to filter the constant onslaught of information coming your way from every angle and separate the valuable content from the noise, and how to build a foundation for investment success based on common sense and academic research.

Dettagli sul prodotto

• Autori: B Perry, Brian Perry
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 30.09.2020
• EAN: 9781119691228
• ISBN: 978-1-119-69122-8
• Pagine: 304
• Categorie: Guide e manuali > Diritto, professione, finanze > Denaro, banca, borsa; Scienze sociali, diritto, economia > Economia > Economia aziendale; Persönliche Finanzen, Personal finance, Business & Economics / Personal Finance / Investing, Consumer Finance, Private Finanzplanung, Investment and securities, Finance & Investments, Finanz- u. Anlagewesen