Worry-free Investing

Worry-free Investing : A Safe Approach to Achieving Your Lifetime Financial Goals

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Millions of Americans have been betrayed by the stock market, and are more worried than ever about saving for retirement or their children's college education. In Worry-Free Investing,two of the world's leading investment experts outline an extraordinarily safe approach to investing that virtually guarantees the money will be there when it's needed. The authors first demolish the conventional wisdom that a diversified stock portfolio, while risky in the short-term, is safe in the long-term. Next, they introduce under-publicized investment options that are protected against inflation; and explain little-known investment techniques that are ideal for individual investors seeking to limit risk. Finally, for investors that are willing to take carefully calculated risks, they present a sensible approach to increasing potential gains through index funds and index options. Clear, easy-to-understand, and endorsed by Nobel laureates in economics, Worry-Free Investingis the only book for individual investors determined to protect their assets in an era of economic upheaval.show more

Product details

  • Hardback | 272 pages
  • 154.94 x 228.6 x 27.94mm | 612.35g
  • Pearson Education (US)
  • FINANCIAL TIMES PRENTICE HALL
  • Upper Saddle River, United States
  • English
  • 0130499277
  • 9780130499271

About Zvi Bodie

Zvi Bodie is a Professor of Finance at Boston University School of Management and a world-renowned investment consultant. He holds a Ph.D.from MIT and has served on the finance faculty at Harvard Business School and MITis Sloan School of Management. His market-leading textbook Investments, co-authored with Alex Kane and Alan Marcus, is used in the certification programs of the Financial Planning Association and the Society of Actuaries. His textbook Finance was coauthored by Nobel Prize winning economist, Robert C. Merton. Professor Bodie is a member of the Pension Research Council of the Wharton School, University of Pennsylvania. Michael J. Clowes is Editorial Director of Investment News, and of Pensions and Investments, the pension industryis leading publication. He previously served as staff reporter for Forbes and U.S. correspondent for The Australian. He holds an MBA from Columbia University. He is author of The Money Flood.show more

Table of contents

Foreword. Preface. I. WORRY-FREE INVESTING. 1. New Rules for Investing. A New Strategy. Bad Advice. New Investments. Six Steps to Worry-Free Investing. Summary. 2. Investing with Inflation-Protected Bonds. Setting Clear Goals. Why Plan? Inflation Risk. The Ins and Outs of I Bonds. TIPS. How to Compute the Amount You Need to Invest. Summary. 3. Reaching Your Retirement Goal. The Retirement Goal. Social Security. Employer-Sponsored Pensions. Guaranteeing That Your Income Lasts as Long as You Do. Income Taxes. Transaction Costs. Economy of Motion Savings. Summary. 4. Investing Safely for College. High-Priced Item. Section 529 Plans. Investment Choices and Risks. Free Advice. Summary. 5. Your Home as an Investment. Is Buying Your Home a Safe Investment? Your Home as a Retirement Asset. Home Equity Conversion Plans. Summary. 6. Stocks Are Risky, Even in the Long Run. Saving and Investing-Risk and Reward. An Objective View. Why Are Stocks Risky? Misleading Statistics. Simulating Stock Returns. The Effect of Periodic Withdrawals. Japan's Stock Market Crash-An Example to Remember. Summary. 7. Taking Calculated Risks in the Stock Market. Who Should Invest in Stocks? Protecting Your Principal. Call Options. Combining Bonds with Stock Options. Convertible Bonds. Principal-Protected Equity-Participation Notes. Summary. 8. Investment Pitfalls and How to Avoid Them. Myth 1: It Is Easy to Beat Stock Market Professionals at Their Own Game. Myth 2: You Can Identify the Best Money Managers by Looking at Their Track Records. Myth 3: Stocks Are Not Risky in the Long Run. Myth 4: Stocks Are the Best Hedge Against Inflation. Myth 5: Dollar Cost Averaging Improves Your Risk-Reward. Tradeoff. Myth 6: An Age-Based Portfolio Strategy Is the Best Way to Secure Your Lifecycle Saving Targets. Summary. 9. Putting It All Together. Step 1: Set Goals. Step 2: Specify Targets. Step 3: Compute Your Required No-Risk Saving Rate. Step 4: Determine Your Tolerance for Risk. Step 5: Choose Your Risky Asset Portfolio. Step 6: Minimize Taxes and Transaction Costs. Summary. 10. Do You Need Professional Advice? Many Kinds of Advisors. How to Find an Advisor You Can Trust. Summary. II. FURTHER FOOD FOR THOUGHT. 11. Real-Life Examples of Worry-Free Retirement Investing. Paul Younger. Mary and Marty Mature. Nancy and Steve Senior. Summary. 12. Frequently Asked Questions (FAQs). About Worry-Free Investing. Whom Can I Trust? Is There Help Available from the SEC for Investors? How Do the Six Steps to Worry-Free Investing Differ from the SEC's Roadmap to Saving and Investing? Do I Need to Prepare a Personal Financial Statement? What Should I Do If Someone Gives Me a Hot Tip About a Stock or Other Investment? How Can I Tell When Stock Prices Are About to Go Up or Down? What Are the Best Index Funds for Small Investors? Should I Invest in an ETF Instead of an Index Fund? What Is the Difference Between Buying TIPS and Buying Shares in a TIPS Mutual Fund? Is a 529 Plan the Only Way to Save for a Child's College Education? If I Have Spare Cash Available, Am I Better Off Using It to Pay Off My Mortgage More Quickly or Investing It in Some Other Worry-Free Investing Asset? Summary. 13. The Worry-Free Toolbox. Web Sites Related to Inflation-Protected Securities. Other Useful Tools and Web Sites. Dealing With Money When You Retire. Taking Your Risk Inventory. Summary. Index.show more