Money for the Rest of Us: 10 Questions to Master Successful Investing

Book description

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.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Dedication
  5. Contents
  6. ACKNOWLEDGMENTS
  7. INTRODUCTION
    1. Making Investment Mistakes Is Normal
    2. You Are a Portfolio Manager
    3. A Different Kind of Investing Book
    4. What You Will Learn
  8. 1 WHAT IS IT? If We Can’t Explain an Investment, Then We Shouldn’t Invest
    1. The Primary Reason to Buy an Individual Stock
    2. If You Can’t Explain It, Don’t Invest
    3. Who Is Selling It?
    4. We May Not Know as Much as We Think
    5. Dealing with Unknowns
    6. Complex Adaptive Systems
    7. Reacting to Available Information
    8. Why Accurately Predicting the Future Is So Difficult
    9. Investing on the Leading Edge of the Present
    10. The Math and Emotion of Investing
    11. An Investing Framework
    12. Chapter Summary
  9. 2 IS IT INVESTING, SPECULATING, OR GAMBLING? A Simple Filter for Segmenting the Investing Universe
    1. What Is Investing?
    2. What Is Speculating?
    3. Attempting to Day-Trade
    4. What Is Gambling?
    5. Chapter Summary
  10. 3 WHAT IS THE UPSIDE? Rules of Thumb for Estimating Investment Returns
    1. A Flawed Financial Plan
    2. Rules of Thumb
    3. Estimating Bond Returns
    4. Estimating Stock Returns
    5. How to Estimate Returns in Your Portfolio
    6. A More Reasonable Financial Plan
    7. Chapter Summary
  11. 4 WHAT IS THE DOWNSIDE? Rules of Thumb for Evaluating Risk
    1. Navigating the Global Financial Crisis
    2. What Is Risk?
    3. Maximum Drawdowns and Recoveries
    4. The Potential Devastating Impact of Large Portfolio Losses
    5. Why Assets Fall in Price
    6. How to Manage Risk in Your Portfolio
    7. Chapter Summary
  12. 5 WHO IS ON THE OTHER SIDE OF THE TRADE? Evaluating What the Seller Knows About an Investment
    1. With Whom Are You Trading?
    2. Financial Markets Are Increasingly More Competitive
    3. Active Manager Underperformance
    4. Are Markets Efficient?
    5. Adaptive Markets
    6. How to Balance Active and Passive Investing in Your Portfolio
    7. Chapter Summary
  13. 6 WHAT IS THE INVESTMENT VEHICLE? Evaluating Exchange-Traded Funds, Mutual Funds, and Other Investment Securities
    1. Applying the Investment Framework
    2. Evaluating Investment Vehicles
    3. Closed-End Funds
    4. Exchange-Traded Funds
    5. Chapter Summary
  14. 7 WHAT DOES IT TAKE TO BE SUCCESSFUL? Identifying What Drives Investment Outcomes
    1. Wayfinding
    2. Return Drivers
    3. Dividend Investing
    4. Market Conditions
    5. Multiple Return Drivers
    6. Chapter Summary
  15. 8 WHO IS GETTING A CUT? Managing Fees and Taxes
    1. Types of Investment Expenses
    2. Managing Investment Fees
    3. Retaining a Financial Advisor
    4. Taxes
    5. Rebalancing Your Portfolio
    6. Inflation and Asset Allocation
    7. How to Manage Investment Costs in Your Portfolio
    8. Chapter Summary
  16. 9 HOW DOES IT IMPACT YOUR PORTFOLIO? Asset Allocation
    1. Asset Allocation Using Modern Portfolio Theory
    2. The Asset Garden Approach to Asset Allocation
    3. International Stocks and Bonds
    4. Fundamental Indexing
    5. How to Allocate Assets in Your Portfolio
    6. An Alternative Approach
    7. Chapter Summary
  17. 10 SHOULD YOU INVEST? Applying the Investment Framework
    1. Dollar-Cost Averaging
    2. Position Size
    3. Market Timing Versus Risk Management
    4. Economic Trends
    5. Socially Responsible Investing
    6. Piecemeal Portfolio Managers
    7. Chapter Summary
  18. CONCLUSION
  19. GLOSSARY
  20. BIBLIOGRAPHY
  21. NOTES
  22. INDEX
  23. About the Author

Product information

  • Title: Money for the Rest of Us: 10 Questions to Master Successful Investing
  • Author(s): J. David Stein
  • Release date: October 2019
  • Publisher(s): McGraw-Hill
  • ISBN: 9781260453874