Stocks for the Long Run 5/E: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies

Jeremy Siegel (Autor)

Buch | Hardcover

448 Seiten

2014 | 5th edition
McGraw-Hill Professional (Verlag)
978-0-07-180051-8 (ISBN)

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Answers questions such as: How did the crisis alter the financial markets and the future of stock returns? What are the sources of long-term economic growth? How does the Fed really impact investing decisions? Should you hedge against currency instability?

The stock-investing classic--UPDATED TO HELP YOU WIN IN TODAY'S CHAOTIC GLOBAL ECONOMY

Much has changed since the last edition of Stocks for the Long Run. The financial crisis, the deepest bear market since the Great Depression, and the continued growth of the emerging markets are just some of the contingencies directly affecting every portfolio inthe world.

To help you navigate markets and make the best investment decisions, Jeremy Siegel has updated his bestselling guide to stock market investing.

This new edition of Stocks for the Long Run answers all the important questions of today: How did the crisis alter the financial markets and the future of stock returns? What are the sources of long-term economic growth? How does the Fed really impact investing decisions? Should you hedge against currency instability?

Stocks for the Long Run, Fifth Edition, includes brand-new coverage of:

THE FINANCIAL CRISIS
Siegel provides an expert’s analysis of the most important factors behind the crisis; the state of current stability/instability of the financial system and where the stock market fits in; and the viability of value investing as a long-term strategy.

CHINA AND INDIA
The economies of these nations are more than one-third larger than they were before the 2008 financial crisis; you'll get the information you need to earn long-termprofits in this new environment.

GLOBAL MARKETS
Learn all there is to know about the nature, size, and role of diversification in today’s global economy; Siegel extends his projections of the global economy until the end of this century.

MARKET VALUATION
Can stocks still provide 6 to 7 percent per year after inflation? This edition forecasts future stock returns and shows how to determine whether the market is overvalued or not.

Essential reading for every investor and advisor who wants to fully understand the forces that move today's markets, Stocks for the Long Run provides the most complete summary available of historical trends that will help you develop a sound and profitable long-term portfolio.

PRAISE FOR STOCKS FOR THE LONG RUN:

“Jeremy Siegel is one of the great ones.” —JIM CRAMER, CNBC’s Mad Money

“[Jeremy Siegel’s] contributions to finance and investing are of such significance as to change the direction of the profession.” —THE FINANCIAL ANALYST INSTITUTE

“A simply great book.” —FORBES

“One of the top ten business books of the year.” —BUSINESSWEEK

“Should command a central place on the desk of any ‘amateur’ investor or beginning professional.” —BARRON’S

“Siegel’s case for stocks is unbridled and compelling.” —USA TODAY

“A clearly written, neatly organized, highly persuasive exposition that lifts the veil of mystery from investing.” —JOHN C. BOGLE, founder and former Chairman, The Vanguard Group

Jeremy J. Siegel is a professor of finance at the Wharton School of the University of Pennsylvania. Professor Siegel received his Ph.D. from M.I.T. and taught for four years at the University of Chicago before joining the Wharton faculty in 1976. He has written and lectured extensively about the economy and financial markets, monetary policy and interest rates, and stock and bond returns. Along with heading the macroeconomics module of the Morgan Bank Finance Program in New York, he is the academic director of the U.S. Securities Industry Institute and is on the Advisory Board of the Asian Securities Industry Association. Professor Siegel is courted by nearly every Wall Street firm as a consultant and lecturer and has appeared on CNBC, PBS, Wall Street Week, and NPR.

Preface xix
Acknowledgments xxiii

PART I
STOCK RETURNS: PAST, PRESENT, AND FUTURE

Chapter 1
The Case for Equity
Chapter 2
The Great Financial Crisis of 2008
Chapter 3
The Markets, the Economy, and Government Policy in the Wake of the Crisis
Chapter 4
The Entitlement Crisis

PART II
THE VERDICT OF HISTORY

Chapter 5
Stock and Bond Returns Since 1802
Chapter 6
Risk, Return, and Portfolio Allocation
Chapter 7
Stock Indexes
Chapter 8
The S&P 500 Index
Chapter 9
The Impact of Taxes on Stock and Bond Returns
Chapter 10
Sources of Shareholder Value
Chapter 11
Yardsticks to Value the Stock Market
Chapter 12
Outperforming the Market
Chapter 13
Global Investing

PART III
HOW THE ECONOMIC ENVIRONMENT IMPACTS STOCKS

Chapter 14
Gold, Monetary Policy, and inflation
Chapter 15
Stocks and the Business Cycle
Chapter 16
When World Events impact Financial Markets
Chapter 17
Stocks, Bonds, and the Flow of Economic data

PART IV
STOCK FLUCTUATIONS IN THE SHORT RUN

Chapter 18
Exchange-Traded Funds, Stock Index Futures, and Options
Chapter 19
Market Volatility
Chapter 20Technical Analysis and investing with the Trend
Chapter 21
Calendar Anomalies
Chapter 22
Behavioral Finance and the Psychology of Investing

PART V
BUILDING WEALTH THROUGH STOCKS

Chapter 23
Fund Performance, indexing, and Beating the Market
Chapter 24
Structuring a Portfolio for Long-Term Growth

Concluding Comment
Notes
index

Erscheint lt. Verlag	16.2.2014
Zusatzinfo	60 Illustrations
Sprache	englisch
Maße	193 x 241 mm
Gewicht	866 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	0-07-180051-4 / 0071800514
ISBN-13	978-0-07-180051-8 / 9780071800518
Zustand	Neuware