Brian Perry

Ignore the Hype

Financial Strategies Beyond the Media-Driven Mayhem

• Gebundenes Buch

Produktbeschreibung

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.

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Produktdetails

• Verlag: Wiley / Wiley & Sons
• Artikelnr. des Verlages: 1W119691220
• 1. Auflage
• Seitenzahl: 304
• Erscheinungstermin: 26. Oktober 2020
• Englisch
• Abmessung: 162mm x 236mm x 29mm
• Gewicht: 526g
• ISBN-13: 9781119691228
• ISBN-10: 1119691222
• Artikelnr.: 58461860

Autorenporträt

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 PlannerTM professional. Brian previously wrote From Piggybank to Portfolio: A Financial Roadmap for New Investors, in 2009.

Inhaltsangabe

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