The Discerning Investor: Personal Portfolio Management in Retirement for Lawyers (and Their Clients)
American Bar Association (Verlag)
978-1-63905-062-8 (ISBN)
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(Excellence in Financial Literacy Education) Award for Adults’ Book of the
Year: Investing & Retirement Planning
“A clear, concise, and wise guide
to retirement planning.” – Kirkus Reviews
The Discerning Investor addresses
the critical time in your investor life cycle: your transition into retirement.
Never having retired before, you may continue managing your investments
as you did in your 40s and 50s, not realizing that handling finances in
retirement calls for a completely different approach, one that secures 30 years
with no paycheck.
The Discerning Investor lays out the framework for conceptualizing
a retirement portfolio, with an emphasis on anticipating and thus
avoiding mistakes such as misjudging risk.
Part I of the book starts with basic principles, introducing personal portfolio management
and examining how to manage uncertainty, which is part of every investor's
life.
Part II focuses on the “personal” part of portfolio management,
helping you understand your “numbers” and needs, including how to calculate
your retirement income gap, how to judge the source of cash flow to fuel
withdrawals, how to project future needs and how to set investment objectives
and monitor progress.
Part III provides insights and tools for understanding the
experts who offer retirement portfolio management services, as well as for
comparing firms based on their service models, with a special focus on
conflicts of interest that get in the way of unbiased advice. The author’s
unique perspective and expertise are particularly apparent in her detailed
overview of Form CRS, a disclosure document mandated by the SEC that was rolled
out in June 2020. Form CRS can help you to quickly grasp what your client
experience might be like with a given brokerage or investment advisory firm.
Part IV returns to personalization and offers self-assessment
tools to help you flesh out your investment strategy and move from planning to
action. An innovative assessment tool (Know Your Representative Rule), modeled
on the brokerage industry’s Know Your Customer Rule, helps you put things into
perspective based on your own personal views.
The Discerning Investor gives you insights and a
framework upon which to shape your own way of managing your retirement
portfolio.
Kirkus Reviews concludes:
“Jason’s
presentation is intellectually rigorous—instead of self-help-style nostrums,
she furnishes concrete, actionable advice substantiated with empirical data.
Moreover, despite necessary excursions into technicality, this is a thoroughly
readable book that will be entirely accessible to those with a limited
understanding of investment strategy.
“Another of
its virtues is that it never dispenses hyperbolic promises and unflinchingly
confronts the reality of risk: ‘In my experience, the most satisfied investors
are those who embrace the investor’s dilemma, understanding that risk
(uncertainty) and reward (high returns) are forever and always intertwined.’
“Overall, this is an
impressively informative book that attests to the author’s 30-plus years of
experience in the financial industry.”
Lawyer and seasoned investment counsel, Julie Jason, JD, LLM, runs a high-net-worth fiduciary boutique that specializes in retirement portfolios. Her most recent investment book is The Discerning Investor: Personal Portfolio Management in Retirement for Lawyers (and Their Clients). For Jason’s current virtual CLE lectures, see the ABA's Recognize and Avoid Conflicts of Interest Before Referring a Financial Adviser to Clients; Lawline’s SEC Disclosure Tool (Form CRS) Helps Attorneys With Their Due Diligence When Referring a Financial Adviser to a Client; and the National Academy of Continuing Legal Education’s Form CRS: Practical Considerations for Attorneys. Julie Jason currently resides in Stamford, Connecticut.
Table of Contents:
Introducing Personal Portfolio Management
Avoiding Mistakes: A Historical Perspective on the Stock Market
Uncertainty: The Investor’s Dilemma
Measures for The Risk-Averse Investor
Turning Inward: Preparing for the Future
Creating Investment Objectives
Setting Strategy Based on Three Goals
Reports and Reviewing Progress
Financial Firms: Who’s Who and What to Expect as a Client
Do Standards of Care Matter? Should They?
Expect to Experience Conflicts of Interest: But Choose Not To
Form CRS is Key
Let’s Talk: The SEC’s “Conversation Starters” and More
Introducing the “Know Your Representative Rule”
The Future is Yours: What Will You Do Next?
| Erscheinungsdatum | 12.04.2023 |
|---|---|
| Zusatzinfo | Illustrations |
| Verlagsort | Chicago, IL |
| Sprache | englisch |
| Maße | 177 x 254 mm |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse |
| Recht / Steuern ► EU / Internationales Recht | |
| Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 1-63905-062-0 / 1639050620 |
| ISBN-13 | 978-1-63905-062-8 / 9781639050628 |
| Zustand | Neuware |
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