Buy, Hold, and Sell! E-Book

Ken Moraif

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 231

Veröffentlichungsjahr: 2015

Beschreibung

Protect your retirement from the next big crash with a New Twist on the Old Investment Strategy. For years, advisors have recommended that investors take a "buy and hold" approach to the market, but people over fifty can't afford to rely on this strategy. Buy, Hold, & SELL! uncovers the myth of the "buy and hold" investment philosophy, and explains why it's dangerously incomplete. Written by Ken Moraif, one of Barron's top 100 Financial Advisors in the United States three years a row and who called the 2008 market crash in November of 2007, this book outlines an alternative strategy that better serves investors who are at retirement age. Written in easy-to-understand language and buoyed by Ken's trademark humor, this guide shoots down the myths that keep investors in risky markets, and arms readers with the knowledge, motivation, and strategies that may help them survive-and even thrive-during the inevitable next bear market. Too many retirees lost a large percentage of their investments during the market collapse of 2008 and spent years trying to regain their footing. During the collapse, many advisors told their clients to stay in the market. Ken did the opposite, advising his clients and listeners of his popular radio show "Money Matters" to get out of the market in November of 2007-before the economic meltdown. With this book, Ken shares his 26 years of experience to help investors prepare for the imminent bear market that could devastate their retirement plans. For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes. * Understand the buy-hold-SELL strategy * Learn how to design a sell strategy to protect principal in the next bear market * Find clear-cut information regarding retirement finances * Discover the benefits of a diversified portfolio This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal. The goal of Buy, Hold, & SELL! is not to make investors rich quick, but to help keep them from becoming poor.

Leseprobe

Table of Contents

Title Page

Copyright

Dedication

Acknowledgments

Introduction: One Bear Market Can Change Your Life Forever

The Inspiration behind This Book

Part One: The Trouble with Buy-Hold: Why It's Dangerous to Your Financial Health

Chapter 1: Buy and Hold: A Bad Strategy for Anyone over 50?

Even the Best Investor…

Buying into the Buy-Hold Myth

Chapter 2: 60 Is the New 40: What Does That Mean for Your Investments?

How Long Will You Live?

What Does a Long Life Mean for Retirement?

The Longevity-Retirement-Investment Equation

Chapter 3: The Bear and the Lake House

Chapter 4: The 10 Most Important Years of Your Investing Life

More Heavy Lifting

The Eighth Wonder of the World?

Reverse Compounding

The Most Important Years of Your Investing Life

Chapter 5: A Buy-Hold Disaster Story

Chapter 6: You Know You're a Buy-Holder If…

Chapter 7: Why Does Buy-Hold Even Exist?

Generational Amnesia

The Rest of the Story

The Rise of Mutual Funds

The Best Coin-Flipper in the World

The Famous Scene in

The Deer Hunter

Chapter 8: What Do Economists Say about Buy-Hold?

Check Out the Publication Date

It's History, Not the Future

Siegel Also Admitted…

The Market's (and Investors') Irrational Exuberance

The Emperor's New Clothes

Valuations Schmaluations

Who Should You Listen To?

Chapter 9: The Multimillion-Dollar Argument for a Buy-Hold-SELL Strategy

My Personal Experience with Buy-Hold

The Birth of a Sell Strategy

Avoiding the Market Crash of 2008

Part Two: The Buy-Hold Myths: The Advice that Could Ruin Your Retirement

Chapter 10: Buy-Hold Myth #1: The Market Always Comes Back

Some Big Bad Bears

Mini-Myth: If You Just Study Past Market History…

Mini-Myth: Time Is Your Friend

Homeland Security

Mini-Myth: The Most Successful Investors Stay in for the Long Run

We're Not 25 Years Old Anymore

Where's the Contract?

Chapter 11: Buy-Hold Myth #2: Don't Miss the 20 Best Trading Days

A Pig in a Poke

When Were the Best Days?

Riding the Market during the Best Days

The Worst Trading Days (So Far)

Avoiding the Big Bad Bear Days

Doing the Impossible

He's in the Wrong Lane!

Missing the Best and Worst

Chapter 12: Buy-Hold Myth #3: Don't Be the Fool Who Sells at the Bottom

Mini-Myth: You Don't Want to Miss the Rebound

Mini-Myth: The Rebound Is Equal to the Fall

The Two Fools of Mayberry R.F.D.

Which Fool Would You Rather Be?

Chapter 13: Buy-Hold Myth #4: Diversify Your Portfolio…That's All You Need to Do

Put Your Eggs in Different Baskets

A Junk Drawer of Investments

Diversification Isn't Enough

Buying a Drill Bit

Chapter 14: Buy-Hold Myth #5: You Won't Make Any Money If You Sell and Sit in Cash

Cash Can Be Your Friend

Bewitched by Zero

That's Not All

Security or Surfing?

Chapter 15: Buy-Hold Myth #6: You Haven't Lost Any Money Unless You…

Shame, Shame, Shame

Mini-Myth: Future Appreciation

A Flat-Out Lie

Why They Don't Want You to Sell

Why You Fear Selling

Buying Stuff Is Fun

Live to Fight Another Day

The Real Answer

Chapter 16: Bits and Pieces: More Buy-Hold Nonsense

“Ten Years” Twaddle

Can't We Just Use the P/E Ratio?

A Word about Warren Buffett

Part Three: Buy, Hold, Sell: An Introduction to Sell Strategies

Chapter 17: What's beyond the Buy-Hold Myth?

Not Market Timing

Even If You Could…

Trends and Tides

Chapter 18: The 200-Day Moving Average Strategy

How to Calculate the 200-Day Moving Average

The 200-Day Moving Average in Action

Backed Up by History

Returns and Risks

Using the 200-Day Moving Average

Why This Strategy Works

Why It Works Especially Well for Investors over 50

Chapter 19: The Trailing Stop-Loss Sell Strategy

The Trailing Stop-Loss

Setting Your Stop-Loss Point

Stock Behavior

Beta and Standard Deviation

Take Tech Stocks, for Example

Chapter 20: When You Should Not Sell

More Event-Driven Market Drops

If You Can Point to a Specific Event…

If There's More Than One Reason for a Drop…

The 2008 Bear

Use Your Sell Strategy, Unless…

Chapter 21: Sell Strategy Pros and Cons

False Alarms

The Financial Tornado Warning

Transaction Costs and Taxes

A Cautionary Tale

Put the Odds in Your Favor

Don't Be the Hare

Chapter 22: More Reasons to Use a Sell Strategy

Bonus Reason #1 to Have a Sell Strategy

Bonus Reason #2 to Have a Sell Strategy

Real Life by the Numbers

Bonus Reason #3 to Have a Sell Strategy

Chapter 23: The Magic Number Strategy

How Strong Is Your House?

Your Magic Number

How Much Will You Need?

Calculating Your Magic Number

The Magic Number and the Musician

Chapter 24: The Rebalancing Strategy

Reap the Rewards of a Rebalanced Portfolio

Getting Off the

Titanic

Chapter 25: Execute or Get Killed

It Doesn't Matter Why You Sell…

You Can't Climb the Pyramids

A Giant Bowl of Spaghetti

Remember New Orleans

Chapter 26: A Simple Action Plan

Chapter 27: Armed with Knowledge

P.S.: What Do You Think Will Happen Next?

Appendix

About the Author

Index

Want to Learn More about How to Buy, Hold, and SELL?

End User License Agreement

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Guide

Cover

Table of Contents

Introduction

Begin Reading

List of Illustrations

Figure 1.1

Figure 2.1

Figure 2.2

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List of Tables

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Table 18.1

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Buy, Hold, and SELL!

The Investment Strategy That Could Save You from the Next Market Crash

Ken Moraif