Investing For Dummies
John Wiley & Sons Inc (Verlag)
978-1-119-32069-2 (ISBN)
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The easy way to invest in your financial future In the world of investing, slow and steady wins the race. With this mantra in mind, trusted author and finance guru Eric Tyson is back with the latest edition of the #1 bestselling book, Investing For Dummies, to help you achieve your investment goals. Inside, he offers time-tested advice on how to develop a winning investment strategy that matches your abilities with your expectations all the while ensuring you're slowly and steadily growing your portfolio. No matter where you are in your investment planning, the recommendations and strategies in this popular and easy-to-follow reference offer everything you need to ramp up your portfolio. From the tax laws that affect investing decisions to the impact of the current political environment, this foolproof guide covers it all and gives you the confidence to invest like the pros.
* Develop and manage your portfolio in any market * Choose investments that match your goals * Navigate the world of online investing and robo advisors Whether you're a millennial securing your first job, an employee rolling over a 401(k), a baby boomer looking to shore up your nest egg prior to retirement or anywhere in between all the sound investment advice you need is at your fingertips!
Eric Tyson is a nationally recognized personal finance counselor, writer, and lecturer. He has been featured and quoted in hundreds of local and national news outlets. He has appeared on NBC's Today Show, ABC, CNBC, FOX News, PBS Nightly Business Report, and CNN. He has also been heard on CBS national radio, NPR Sound Money, Bloomberg Business Radio, and Business Radio Network.
Introduction 1
About This Book 1
Foolish Assumptions 3
Icons Used in This Book 3
Beyond the Book 4
Where to Go from Here 4
Part 1: Getting Started with Investing 5
Chapter 1: Exploring Your Investment Choices 7
Getting Started with Investing 8
Building Wealth with Ownership Investments 9
Entering the stock market 10
Owning real estate 10
Running a small business 12
Generating Income from Lending Investments 13
Considering Cash Equivalents 14
Steering Clear of Futures and Options 15
Passing Up Precious Metals 17
Counting Out Collectibles 18
Chapter 2: Weighing Risks and Returns 21
Evaluating Risks 22
Market-value risk 23
Individual-investment risk 28
Purchasing-power risk (aka inflation risk) 30
Career risk 32
Analyzing Returns 33
The components of total return 33
Savings and money market account returns 35
Bond returns 36
Stock returns 36
Real estate returns 39
Small-business returns 40
Considering Your Goals 41
Chapter 3: Getting Your Financial House in Order 43
Establishing an Emergency Reserve 44
Evaluating Your Debts 45
Conquering consumer debt 46
Mitigating your mortgage 46
Establishing Your Financial Goals 49
Tracking your savings rate 49
Determining your investment tastes 50
Funding Your Retirement Accounts 52
Gaining tax benefits 52
Starting your savings sooner 53
Checking out retirement account options 53
Choosing retirement account investments 55
Taming Your Taxes in Non-Retirement Accounts 56
Figuring out your tax bracket 56
Knowing what’s taxed and when to worry 57
Choosing the Right Investment Mix 58
Considering your age 59
Making the most of your investment options 59
Easing into risk: Dollar cost averaging 61
Treading Carefully When Investing for College 63
Education Savings Accounts 64
Section 529 plans 64
Allocating college investments 65
Protecting Your Assets 66
Part 2: Stocks, Bonds, and Wall Street 69
Chapter 4: The Workings of Stock and Bond Markets 71
How Companies Raise Money through the Financial Markets 71
Deciding whether to issue stocks or bonds 72
Taking a company public: Understanding IPOs 73
Understanding Financial Markets and Economics 74
Driving stock prices through earnings 74
Weighing whether markets are efficient 75
Moving the market: Interest rates, inflation, and the Federal Reserve 77
Chapter 5: Building Wealth with Stocks 83
Taking Stock of How You Make Money 84
Defining “The Market” 84
Looking at major stock market indexes 85
Counting reasons to use indexes 86
Stock-Buying Methods 88
Buying stocks via mutual funds and exchange-traded funds 88
Using hedge funds 90
Selecting individual stocks yourself 90
Spotting the Right Times to Buy and Sell 91
Calculating price-earnings ratios 92
Citing times of speculative excess 93
Buying more when stocks are “on sale” 101
Avoiding Problematic Stock-Buying Practices 104
Beware of broker conflicts of interest 104
Don’t short-term trade or try to time the market 105
Be wary of gurus 108
Shun penny stocks 109
The Keys to Stock Market Success 109
Chapter 6: Investigating and Purchasing Individual Stocks 111
Building on Others’ Research 111
Discovering the Value Line Investment Survey 112
Considering independent brokerage research 117
Examining successful money managers’ stock picks 117
Reviewing financial publications and websites 119
Understanding Annual Reports 119
Financial and business highlights 120
Balance sheet 121
Income statement 124
Exploring Other Useful Corporate Reports 126
10-Ks 127
10-Qs 127
Proxies 127
Getting Ready to Invest in Stocks 128
Understanding stock prices 129
Purchasing stock “direct” from companies 131
Placing your trade through a broker 131
Chapter 7: Exploring Bonds and Other Lending Investments 133
Banks: Considering the Cost of Feeling Secure 134
Facing the realities of bank insurance 135
Online banking: More for you? 135
Being wary of the certificate of deposit (CD) 137
Swapping your savings account for a money market fund 138
Why Bother with Bonds? 140
Assessing the Different Types of Bonds 142
Determining when you get your money back: Maturity matters 143
Weighing the likelihood of default 144
Examining the issuers (and tax implications) 144
Buying Bonds 148
Deciding between individual bonds and bond funds 148
Understanding bond prices 149
Purchasing Treasuries 149
Shopping for other individual bonds 151
Considering Other Lending Investments 152
Guaranteed-investment contracts 152
Private mortgages 153
Chapter 8: Mastering Mutual Funds and Exchange-Traded Funds 157
Distinguishing between Mutual Funds and Exchange-Traded Funds 158
Discovering the Benefits of the Best Funds 158
Professional management 159
Cost efficiency 159
Diversification 159
Reasonable investment minimums 160
Different funds for different folks 160
High financial safety 161
Accessibility 161
Reviewing the Keys to Successful Fund Investing 162
Minimize costs 162
Reflect on performance and risk 165
Stick with experience 166
Consider index funds 166
Steer clear of leveraged and inverse exchange-traded funds 167
Creating Your Fund Portfolio with Asset Allocation 169
Allocating for the long term 169
Diversifying your stock fund investments 171
The Best Stock Funds 172
Making money with stock funds 172
Exploring different types of stock funds 173
The Best Bond Funds 178
Avoiding yield-related missteps 179
Treading carefully with actively managed bond funds 181
Stabilizing your portfolio by investing in short-term bond funds 182
Earning higher returns with intermediate-term bond funds 183
Using long-term bond funds to invest aggressively 184
Balanced and Asset Allocation Funds: The Best Hybrid Funds 185
The Best Money Market Funds 186
Taxable money market funds 188
US Treasury money market funds 188
Municipal money market funds 189
Chapter 9: Choosing a Brokerage Firm 191
Getting Your Money’s Worth: Discount Brokers 191
Assessing the high-commission salespeople’s arguments 192
Selecting a discount broker 193
Considering Online Brokers 195
Examining your online trading motives 196
Taking other costs into account 196
Looking at service quality 197
Listing the best online brokers 198
Part 3: Growing Wealth with Real Estate 201
Chapter 10: Investing in a Home 203
Considering How Home Ownership Can Help You Achieve Your Financial Goals 204
The Buying Decision 204
Weighing the pros and cons of ownership 205
Recouping transaction costs 208
Deciding How Much to Spend 209
Looking through lenders’ eyes 210
Determining your down payment 211
Selecting Your Property Type 212
Finding the Right Property and Location 214
Keeping an open mind 214
Research, research, research 215
Understanding market value 216
Pounding the pavement 216
Chapter 11: Investing in Real Estate 217
Discussing Real Estate Investment Attractions 218
Limited land 218
Leverage 218
Appreciation and income 219
Ability to add value 220
Ego gratification 221
Longer-term focus 221
Figuring Out Who Should Avoid Real Estate Investing 223
Examining Simple, Profitable Real Estate Investments 223
Finding a place to call home 224
Trying out real estate investment trusts 225
Evaluating Direct Property Investments 226
Residential housing 226
Land 228
Commercial real estate 229
Deciding Where and What to Buy 230
Considering economic issues 230
Taking a look at the real estate market 231
Examining property valuation and financial projections 233
Discovering the information you need 238
Digging for a Good Deal 238
Recognizing Inferior Real Estate “Investments” 240
Avoiding ticking time shares 240
Staying away from limited partnerships 242
Ignoring hucksters and scams 242
Chapter 12: Real Estate Financing and Deal Making 247
Financing Your Real Estate Investments 247
Getting your loan approved 248
Comparing fixed-rate with adjustable-rate mortgages 251
Choosing between fixed and adjustable mortgages 252
Landing a great fixed-rate mortgage 254
Finding a suitable adjustable-rate mortgage 255
Examining other mortgage fees 258
Finding the best lenders 259
Refinancing for a better deal 261
Working with Real Estate Agents 263
Recognizing agent conflicts of interest 263
Selecting a good agent 264
Closing the Deal 266
Negotiating 101 266
Inspecting the property 267
Shopping for title insurance and escrow services 268
Selling Real Estate 269
Negotiating real estate agents’ contracts 270
Forgoing a real estate agent 271
Part 4: Savoring Small Business 273
Chapter 13: Assessing Your Appetite for Small Business 275
Testing Your Entrepreneurial IQ 276
Considering Alternative Routes to Owning a Small Business 279
Being an entrepreneur inside a company 279
Investing in your career 280
Exploring Small-Business Investment Options 280
Starting your own business 281
Buying an existing business 281
Investing in someone else’s business 283
Drawing Up Your Business Plan 285
Identifying your business concept 285
Outlining your objectives 287
Analyzing the marketplace 288
Delivering your service or product 291
Marketing your service or product 291
Organizing and staffing your business 292
Projecting finances 293
Writing an executive summary 295
Chapter 14: Starting and Running a Small Business 297
Starting Up: Your Preflight Checklist 297
Preparing to leave your job 298
Valuing and replacing your benefits 299
Financing Your Business 302
Going it alone by bootstrapping 302
Taking loans from banks and other outside sources 303
Borrowing from family and friends 305
Courting investors and selling equity 306
Deciding Whether to Incorporate 307
Looking for liability protection 308
Taking advantage of tax-deductible insurance and other benefits 309
Cashing in on corporate taxes 309
Making the decision to incorporate 311
Finding and Keeping Customers 311
Obtaining a following 311
Providing solid customer service 312
Setting Up Shop 313
Finding business space and negotiating a lease 313
Equipping your business space 315
Accounting for the Money 316
Maintaining tax records and payments 317
Paying lower taxes (legally) 319
Keeping a Life and Perspective 320
Chapter 15: Purchasing a Small Business 321
Examining the Advantages of Buying 321
Understanding the Drawbacks of Buying 323
Prerequisites to Buying a Business 324
Business experience 324
Financial resources 325
Focusing Your Search for a Business to Buy 325
Perusing publications 327
Networking with advisors 327
Knocking on some doors 327
Working with business brokers 328
Considering a Franchise or Multilevel Marketing Company 330
Finding a franchise 330
Considering a multilevel marketing company 332
Evaluating a Small Business 334
Doing due diligence 335
Determining a business’s value 337
Part 5: Investing Resources 339
Chapter 16: Selecting Investing Resources Wisely 341
Dealing with Information Overload 342
Separating Financial Fact from Fiction 343
Understanding how advertising corrupts the quality of investment advice 343
Recognizing quality resources 345
Chapter 17: Perusing Periodicals, Radio, and Television 349
In Print: Magazines and Newspapers 349
Judging the journalists 349
Making the most of periodicals 351
Broadcasting Hype: Radio and Television Programs 352
You often get what you pay for 352
Information and hype overload 353
Poor method of guest selection 353
Fillers and Fluff: Being Wary of Investment Newsletters 354
Chapter 18: Selecting the Best Investment Books 357
Being Wary of Infomercial Books 358
Understanding how authors may take advantage of you 358
Learning by example 358
Ignoring Unaudited Performance Claims 361
Investing Books Worth Reading 363
A Random Walk Down Wall Street 363
Stocks for the Long Run 364
Built to Last and Good to Great 364
Mutual Funds For Dummies 365
Chapter 19: Investigating Internet and Software Resources 367
Evaluating Investment Software 368
Taking a look at investment tracking software 368
Considering investment research software 370
Investigating Internet Resources 373
Assessing online resources 373
Picking the best investment websites 375
Part 6: The Part of Tens 379
Chapter 20: Ten Investing Obstacles to Conquer 381
Trusting Authority 381
Getting Swept Up by Euphoria 382
Being Overconfident 383
Giving Up When Things Look Bleak 383
Refusing to Accept a Loss 384
Over-monitoring Your Investments 385
Being Unclear about Your Goals 386
Ignoring Your Real Financial Problems 386
Overemphasizing Certain Risks 386
Believing in Gurus 387
Chapter 21: Ten Things to Weigh When Considering an Investment Sale 389
Remembering Preferences and Goals 389
Maintaining Balance in Your Portfolio 390
Deciding Which Ones Are Keepers 390
Tuning In to the Tax Consequences 391
Figuring Out What Shares Cost 391
Selling Investments with Hefty Profits 393
Cutting Your (Securities) Losses 393
Dealing with Unknown Costs 394
Recognizing Broker Differences 394
Finding a Trustworthy Financial Advisor 395
Chapter 22: Ten Tips for Investing in a Down Market 397
Don’t Panic 397
Keep Your Portfolio’s Perspective in Mind 398
View Major Declines as Sales 399
Identify Your Portfolio’s Problems 399
Avoid Growth Stocks If You Get Queasy Easily 400
Tune Out Negative, Hyped Media 400
Ignore Large Point Declines but Consider the Percentages 401
Don’t Believe You Need a Rich Dad to Be a Successful Investor 401
Understand the Financial Markets 402
Talk to People Who Care about You 402
Index 403
| Erscheinungsdatum | 24.02.2017 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 186 x 232 mm |
| Gewicht | 616 g |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 1-119-32069-0 / 1119320690 |
| ISBN-13 | 978-1-119-32069-2 / 9781119320692 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
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