Forbes columnist, bestselling author and billionaire CEO Ken Fisher offers guiding principles for developing a retirement investment plan--no matter if you're retiring next week, next year or in four decades. Best known for his "Portfolio Strategy" column in Forbes, Ken Fisher is the author of numerous bestselling finance and investment books. In his latest book, Ken tackles a subject most investors must face: retirement planning. Drawing upon his decades of experience as head of one of the world's largest independent global money management firms, he arms readers with straightforward…mehr
Forbes columnist, bestselling author and billionaire CEO Ken Fisher offers guiding principles for developing a retirement investment plan--no matter if you're retiring next week, next year or in four decades. Best known for his "Portfolio Strategy" column in Forbes, Ken Fisher is the author of numerous bestselling finance and investment books. In his latest book, Ken tackles a subject most investors must face: retirement planning. Drawing upon his decades of experience as head of one of the world's largest independent global money management firms, he arms readers with straightforward principles to help them develop their own investment plan. No book can supplant the retirement planning process. However, this book aims to help readers develop an appropriate plan that increases the odds of achieving their long-term goals. An indispensable retirement planning resource no matter where you fall on the investment continuum, Plan Your Prosperity busts pernicious myths and rules-of-thumb about retirement and replaces them with sound concepts that can guide you now and for the rest of your investing time horizon. Whether you're in your twenties, forties, sixties or beyond, it's never too late to plan your prosperity.
KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his over 28-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes's 90-plus-year history. He is the founder, Chairman and CEO of Fisher Investments, an independent global money management firm managing tens of billions for individuals and institutions globally. Fisher is ranked #263 on the 2011 Forbes 400 list of richest Americans and #764 on the 2012 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him among the 30 most influential individuals of the last three decades. Fisher has authored numerous professional and scholarly articles, including the award-winning "Cognitive Biases in Market Forecasting." He has also published eight previous books, including national bestsellers The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do), all published by Wiley. Fisher has been published, interviewed and/or written about in many major American, British and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance and business magazine. LARA HOFFMANS is Vice President of Content at Fisher Investments, managing editor of MarketMinder.com, a regular contributor to Forbes.com and coauthor of the bestsellers, The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do).
Inhaltsangabe
Acknowledgments ix
Chapter 1: What? Me? Retire? 1
The Imagined Dichotomy 3
Two Goals ... and Some Non-Goals 4
Definitions and a Pencil 9
Start Immediately. Now. Right Away 13
Plan Your Prosperity 14
Chapter 2: My Goals Are ... What? 17
Why Is This So Hard? 20
Your Investing Goals, Simply 24
Potential Pitfall: Capital Preservation and Growth 26
Inflation's Insidious Impact 29
Three Percent, Compounded 35
Chapter 3: The Secret Code--Asset Allocation orBenchmark? 37
Benchmark--A Road Map and Measuring Stick 40
Picking a Benchmark 42
The Big Decision--Asset Allocation 45
Potential Pitfall: Age Doesn't Equal Asset Allocation49
Benchmark Versus Asset Allocation--What's theDifference? 50
Chapter 4: Time Horizon--Longer Than You Think59
Potential Pitfall: Ignoring Opportunity Cost 62
Time Horizon--What Is It? 64
Time Horizon and Benchmark 68
Chapter 5: What's in a Return? 73
Growth Defi ned 77
The Past as a Guide? 81
Gordon Moore and Endless Innovation 90
Potential Pitfall: Unrealistic Expectations 92
Chapter 6: Getting That Cash Flow 97
Potential Pitfall--The All High-Dividend Portfolio 100
