The Little Book of Bulletproof Investing E-Book

Ben Stein

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Little Books. Big Profits
• Sprache: Englisch
• Veröffentlichungsjahr: 2010

Seitenzahl: 194

Beschreibung

Investing do's and don'ts from some of the most recognizable voices in personal finance It's been a tough year for investors. Many have seen their retirement accounts dwindle dramatically and are looking for a safe way to protect what they have and make back some of what they've lost. That's why the bestselling author team of Ben Stein and Phil DeMuth have created The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life. When you invest, there are essential things you should do and many things you shouldn't. The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life addresses this issue and shows you how to utilize the fundamentals of finance to achieve success in today's market. This practical guide contains proven advice on navigating today's treacherous financial landscape and will put you in a better position to make more informed investment decisions. * Includes street-smart advice for the individual investor uncertain about their investment and retirement portfolios * Written by a experienced team of bestselling authors whose investment advice is accessible to everyone * Outlines the steps you must take to protect yourself from the financial calamities of modern life The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life offers quick, easy-to-follow, and entertaining advice for anyone looking to get back on the right investment track.

Leseprobe

Table of Contents

Praise

Little Book Big Profits Series

Title Page

Copyright Page

Dedication

Introduction

Our Broken Financial System

Really Bad Scenarios

A Man, a Plan, a Canal: Panama

Chapter One - The Nut Behind the Wheel

The Unwisdom of Crowds

Our Portfolios, Ourselves

Investment Psychology Do’s and Don’ts

Chapter Two - Wall Street Therapy

Implementing the Plan

A Hymn to Financial Advisors

Investment Advice Do’s and Don’ts

Chapter Three - How Not to Invest

Be Smarter than Everyone Else (Ha Ha)

Be Clairvoyant

Investing—Hobby of Champions

Chapter Four - How to Invest

Simplify

Diversify

Invest Passively

Minimize Expenses and Taxes

Buy and Hold Forever

What’s the Problem?

Additional Investing Do’s and Don’ts

Chapter Five - The Holy Grail of Investing

The Fish in the Pond

How Much Would You Like to Lose?

The Tang Dynasty

What Does This Mean?

Chapter Six - Bulletproofing Your Investments

The Ingredients

All Together Now

Chapter Seven - Pulling the Trigger

Finding Mr. Right

You Can Do It

Tax Issues

401(k) Plans

Adding and Withdrawing Funds

Rebalancing the Tangent Portfolios

Still Too Much?

Chapter Eight - Become the CEO of You, Inc.

Go to College, Get Some Knowledge

Majors for Minors

Higher Learning

You, Inc. Do’s and Don’ts

Chapter Nine - Human Capital 411

There’s a Place

Sell Yourself

Perception Becomes Reality

Investing in Your Human Capital Do’s and Don’ts

Chapter Ten - Save ’Til You Drop

Small Is Beautiful

Become Well Insured

Cover Your Assets

Getting and Spending Do’s and Don’ts

Chapter Eleven - Houses of Blues

Let’s Cut to the Finish Line

Is Your House a Financial Asset?

Housing Do’s and Don’ts

Chapter Twelve - Can You Still Retire Comfortably?

Calculating Your Somewhat-Safe Withdrawal Rate

When You Care Enough to Give Yourself the Very Best

Retirement Planning Do’s and Don’ts

Chapter Thirteen - The End Game

A Will and a Way

“ We’re Spending Our Kids’ Inheritances”

The Joy of Illiquid Assets

Get Organized

Do’s and Don’ts for Your Financial Legacy

So Long, Farewell

Acknowledgements

About the Authors

Additional Praise for The Little Book of Bulletproof Investing

“Leave it to my media pal Ben Stein to put me and the media in perspective. We can scare you. That doesn’t mean you should let us. Both Ben and Phil DeMuth offer some timely investment tips on how you can make damn sure we don’t!”

Neil Cavuto, Senior Vice President and Anchor

Fox News, Fox Business News

Little Book Big Profits Series

In the Little Book Big Profits series, the brightest icons in the financial world write on topics that range from tried-and-true investment strategies to tomorrow’s new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.

Books in the Little Book Big Profits series include:

The Little Book That Beats the Market by Joel Greenblatt The Little Book of Value Investing by Christopher Browne The Little Book of Common Sense Investing by John C. Bogle The Little Book That Makes You Rich by Louis Navellier The Little Book That Builds Wealth by Pat Dorsey The Little Book That Saves Your Assets by David M. Darst The Little Book of Bull Moves in Bear Markets by Peter D. Schiff The Little Book of Main Street Money by Jonathan Clements The Little Book of Safe Money by Jason Zweig The Little Book of Behavioral Investing by James Montier The Little Book of Big Dividends by Charles B. Carlson The Little Book of Bulletproof Investing by Ben Stein and Phil DeMuth

Copyright © 2010 by Ben Stein and Phil DeMuth. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, [phone], fax [phone], or online at www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

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Library of Congress Cataloging-in-Publication Data

Stein, Benjamin, 1944-

The little book of bulletproof investing : do’s and don’ts to protect your financial life / Ben Stein, Phil DeMuth.

p. cm.—(Little book, big profits series)

Includes index.

eISBN : 978-0-470-63451-6

1. Investments. 2. Finance, Personal. I. DeMuth, Phil, 1950- II. Title. III. Series. HG4521.S.67’8—dc22

2009054385

For Alex and Julia

Introduction

Check In with the Control Tower

HERE IS THE FINANCIAL PROFILE of many people you know:

In 2007, Americans had a zero savings rate and totally inadequate savings to put against the liabilities they will face over the course of their prolonged retirements. After the market panic and the recession of 2008-2009, what little savings they had were drastically reduced (even though the savings rate rose above zero), alongside the value of their biggest single asset—the equity in their homes—vaporizing nearly everyone’s plans for a serene retirement. This means many Americans are going to be opting for the Hindu ideal, where old people forsake all worldly possessions, pick up a begging bowl, and wander the streets. Except in our case, it won’t be voluntary.