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1. |
Record Nr. |
UNINA9910136584503321 |
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Autore |
Schultz Danielle L. |
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Titolo |
Beginning investing / / by Danielle L. Schultz |
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Pubbl/distr/stampa |
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Indianapolis, Indiana : , : Alpha, a member of Penguin Random House LLC, , [2016] |
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©2016 |
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ISBN |
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Edizione |
[First American edition.] |
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Descrizione fisica |
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1 online resource (1 volume) : illustrations |
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Collana |
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Idiot's guides : as easy as it gets |
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Disciplina |
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Soggetti |
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Investments |
Finance, Personal |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Intro -- Contents -- Part 1: Laying Your Investing Foundation 1 -- 1 How Much Can You Invest? 3 -- What Can You Invest? 4 -- Establishing Your Emergency Fund 4 -- Paying Off Debt 5 -- A Word on Mortgages 6 -- Methods for Paying Off Debt 7 -- Assessing Your Spending Needs 7 -- Looking at the Percentages 8 -- Identifying Your Fixed Expenses 8 -- Ways to Cut Fixed Expenses 9 -- Reduce Your Housing Costs 9 -- Request New Insurance Quotes 10 -- Other Money-Saving Tips 10 -- Planning for Irregular Expenses 11 -- Building Your Savings 11 -- Your Workplace Retirement Plan 11 -- IRAs and SEP-IRAs 12 -- Goal-Based Savings Accounts 12 -- Identifying Your Discretionary Expenses 12 -- 2 Defining Your Investment Goals 15 -- Getting by Versus Getting Ahead 16 -- What Types of Investments Interest You? 16 -- What Are Your Short- and Medium-Term Goals? 17 -- Determining What You Need 17 -- Changing Careers or Starting a Business 18 -- Where to Put Your Money 18 -- What Are Your Long-Term Goals? 19 -- Amassing Enough to Retire 19 -- Achieving a Specific Net Worth 20 -- Having Enough to Leave an Inheritance 20 -- What Is Your Definition of Wealthy? 21 -- 3 Assessing Your Timeline 25 -- Investing in Your 20s 26 -- Invest in Yourself 26 -- Delay Consumption 27 -- Invest in Your Employer's Retirement Plan 28 -- Invest in Addition to Your Retirement Plan 29 -- Investing in Your 30s and 40s 29 -- Investing in Your 50s and 60s 30 -- Plotting a Time Schedule for Your Unique Goals 30 -- |
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Planning for College Costs 31 -- Retirement Planning with a Sudden Windfall 32 -- Retirement Planning with a Guaranteed Income Supplement 32 -- Long-Term Investing for a Young Worker 33 -- Setting Goals, Meeting Deadlines, Adapting a Plan 33 -- 4 How Much Risk Can You Take? 35 -- Types of Risk 36 -- Investment-Related Risk 36 -- Lost Opportunity Cost 37 -- Inflation Risk 37. |
Market (Systemic or Systematic) Risk 38 -- Business Risk 38 -- Political Risk 38 -- Interest Rate Risk 39 -- Ways to Measure Your Personal Risk Tolerance 39 -- Choosing an Investment Mix to Match Your Risk Tolerance 41 -- Stocks, Risk, and You 41 -- Bonds 42 -- Mutual Funds 43 -- Target Date, Balanced, Fund of Funds, and Life Strategy Funds 45 -- 5 Protecting Yourself with Insurance 47 -- Protecting Your Home and Your Possessions 48 -- Auto Insurance 48 -- Homeowner's or Renter's Insurance 49 -- Liability Coverage 50 -- Protecting Your Income 50 -- Disability Insurance 51 -- Life Insurance 52 -- Protecting Your Health 54 -- Health 54 -- FSAs and HSAs 55 -- Long-Term-Care Insurance 56 -- 6 Finding Money to Invest 59 -- An Overview of Workplace Retirement Plans 60 -- 401(k)s, 403(b)s, and 457 Plans 60 -- How Much Should You Contribute? 61 -- The Drawbacks 62 -- Supplementing Your Workplace Plan with IRAs 63 -- Traditional IRA 64 -- Roth IRA 65 -- SEP-IRA 67 -- Brokerage Accounts 68 -- Dealing with Past Employers' Plans 68 -- Other Investing Considerations 69 -- Augmenting Your Investment Money Through Your Own Efforts 70 -- Selling Your Junk 70 -- Side Income and Part-Time Gigs 70 -- Money from Windfalls 71 -- Gifts, Rebates, Refunds, and Other Relatively Small Amounts 71 -- Settlements 71 -- Inheritances 72 -- 7 Where to Save Your Money While Planning 73 -- Saving in Your Mattress 74 -- The Necessity of Banks 75 -- Checking Accounts 75 -- Savings Accounts 75 -- Investment-Building Accounts 76 -- Internet Banks 76 -- Credit Unions 77 -- Mutual Fund Companies and Brokerage Houses 78 -- Other Places to Store Cash 80 -- Short-Term Bond Mutual Funds 81 -- Stable Value Funds 81 -- Part 2: Planning Your Investment Strategy 83 -- 8 Balancing Risk by Diversifying 85 -- Stocks and Bonds: The Basic Asset Allocation Decision 86 -- Stocks: Risk Versus Reward 86. |
The Pros and Cons of Bonds 87 -- Combining Stocks and Bonds Based on Your Age 88 -- Further Diversifying Your Assets 89 -- Balanced Funds 90 -- Life Strategy Funds 90 -- Target Date Funds 90 -- Choosing Individual Investment Types 91 -- Diversifying Your Investments 92 -- A Simple Allocation 94 -- Diversifying Your Stocks 95 -- Market Timing 96 -- Can You Time the Market? 96 -- Rebalancing 97 -- 9 Getting Professional Advice 101 -- But First, a Word on the Media 102 -- Different Types of Financial Advisers 103 -- Brokers 103 -- Fee-Based Advisers 106 -- Fee-Only Planners and Advisers 108 -- Robo-Advisers 112 -- Insurance Agents 114 -- Accountants, CPAs, Attorneys, and Other Financial Service Providers 114 -- Part 3: Where to Invest 117 -- 10 Investing in Mutual Funds 119 -- What Are Mutual Funds and How Do You Buy Them? 120 -- Purchasing a Mutual Fund 120 -- Full-Service Companies and Discount Brokers 121 -- Load or No-Load? 122 -- Choosing a Company 122 -- How Many Funds? 123 -- Researching a Mutual Fund 124 -- The Decision Process 125 -- Analyzing the Return 126 -- What's in the Portfolio? 128 -- Other Types of Funds 129 -- Exchange-Traded Funds 129 -- Closed-End Funds and Unit Investment Trusts 130 -- 11 Investing in Stocks 133 -- Deciding Whether to Invest in Stocks 134 -- A Word on Diversification 135 -- Choosing a Stock-Purchasing Strategy 136 -- The Crazy Methods 136 -- Technical Analysis 138 -- 12 Investing in Bonds 147 -- Should You Buy Bonds? 148 -- Bond Basics 149 -- Bond Quality 150 -- Other Bond Risks 151 -- Buying Bonds 152 |
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-- Characteristics of Corporate and Government Bonds 153 -- Types of Bonds 155 -- 13 Choosing Alternative Investments 159 -- Concerns Common to Alternative Investments 160 -- The Nontraditional Markets 160 -- The Cost of Selling 161 -- Taxation Issues 161 -- Usage and Ownership Costs 161. |
Collecting Collectibles 162 -- Gold, Precious Metals, and Gems 164 -- Gold as a Disaster Hedge 164 -- Gold Coins and Bullion 165 -- Gold-Based Investment Shares 166 -- Natural Resources and Commodities 166 -- Real Estate Investment Trusts and Master Limited Partnerships 167 -- REITs 167 -- MLPs 169 -- 14 Investing in Real Estate 171 -- Buying a Home as an Investment 172 -- Your Primary Residence 172 -- Buy the Worst House on the Best Block 173 -- Understand the Real Estate Business 174 -- Get an Inspection 175 -- Be Canny with Improvements 176 -- Don't Neglect Maintenance 177 -- What About Staging? 177 -- Have an Exit Timeline in Mind 177 -- What's a Good Profit? 178 -- Other Considerations 178 -- Purchasing Small Multi-Unit Properties 180 -- Apartment Buildings, Offices, and Other Real Estate Investments 181 -- Part 4: Investing for Specific Goals 183 -- 15 Investing for Retirement 185 -- Estimating How Much You Need 186 -- Employer Plans 187 -- Guaranteed Income 188 -- Social Security 188 -- Pensions 189 -- SPIAs 190 -- Realigning Your Portfolio to Produce Retirement Income 192 -- Reevaluating Your Risk Tolerance in Retirement 194 -- What If It's Just Not Enough? 194 -- 16 Investing for a New Home 197 -- How Much Money Will You Need? 198 -- Deciding How Much to Invest 198 -- Sources of Housing Loans 200 -- Lending Institutions 201 -- The Bank of Mom and Dad 202 -- What Investments Should You Make to Build Funds? 202 -- Protecting Your Investment 203 -- The Importance of Regular Maintenance 203 -- Making Improvements That Increase Value 203 -- Selling with a Real Estate Agent Versus Going It Alone 205 -- On Your Own 205 -- Using an Agent 206 -- Deciding When and If to Sell 206 -- Should You Pay Off Your Home? 208 -- 17 Investing for College 211 -- Investigating the Costs of College 212. |
Setting a Reasonable Savings Goal and Payment Expectations 214 -- Will You Have to Pay Sticker Price? 215 -- Applying for Need-Based Aid 217 -- Public Colleges and Universities 217 -- Private Colleges 218 -- The Importance of Saving 218 -- Places to Save for College 219 -- Workplace Retirement Programs 219 -- Traditional IRAs 219 -- Roth IRAs 219 -- 529 Plans 220 -- Coverdell Plans 222 -- U S Savings Bonds (Series EE or I) 222 -- Loans 222 -- 18 Investing for Luxury Purchases 225 -- Planning for Your Luxury Purchase 226 -- Deciding If a Luxury Purchase Is Worthwhile 226 -- Developing a Decision Scale 227 -- The Yardstick-of-Luxury System 228 -- Strategic Ways to Buy Luxuries 229 -- "If I Had More Money I Would ..." 230 -- Travel More for Less 230 -- Getting That Car 233 -- Vacation Home Strategies 234 -- 19 Managing Windfalls and Sudden Life Changes 239 -- Understanding Your Spending Power 240 -- Protecting Yourself 240 -- Assembling Your Team 241 -- Choosing Between a Lump Sum or Structured Settlement 242 -- Thinking Through Your Spending Priorities 243 -- Should You Pay Off Debt? 243 -- Should You Pay Off Someone Else's Debt? 243 -- What to Do About the House 244 -- Changes to Other Plans 246 -- Saving for College 246 -- (Early) Retirement 247 -- Death of a Spouse 248 -- Special Concerns in a Divorce 248 -- Part 5: When to Buy and Sell Investments 253 -- 20 Good Reasons to Buy and Sell 255 -- Bad Reasons to Hold on to an Investment 256 -- Waiting Until It Gets Back to the Price You Paid 256 -- It's Gone Up -- Maybe It Will Go Up More 257 -- "I Can't Sell Because I' ll Have to Pay Taxes" 257 -- Good Reasons to Sell an Investment 258 |
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-- You Need the Money 258 -- The Investment Isn't Working Out 259 -- It's Time to Overhaul the Portfolio 262 -- A Better Opportunity Has Arisen 265 -- 21 Recovering from Mistakes and Bad Markets 269. |
Stock Market Disasters 270. |
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Sommario/riassunto |
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For a beginner, investing can be an overwhelming and intimidating topic, and finding which investment options are right for you is an almost impossible task. Idiot's Guides: Beginning Investing helps the new investor understand all of the most common investment options, how to choose the right ones for your needs and goals, and how to increase your chances for success. This book covers: - Self-assessment tools that help readers understand their own personal risk tolerance and choose the investment strategies that fit their needs. - Basics on the each investment type, including stocks, bonds, mutual funds, real estate, and more, with primers on each investment type, the basics on how to invest with each option, and how to improve chances for success. - The dos and don'ts of real estate investing, including what to pursue, and what to avoid when it comes to real estate. - Simple strategies for investing in the bond market - Tips and tricks for investing in stocks, including which types of stocks to avoid and which types to buy - How to protect assets and invest using time-tested and sensible techniques - Setting goals and investing for college, retirement, luxury purchases, and other common financial goals - Managing investments and personal portfolios for both short term and long term gains |
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