Investing in your 20s & 30s
Book - 2021
Covering everything from evaluating assets and managing risk to demystifying your portfolio, this guide offers expert invest advice that you shouldn't be without.
Saved in:
- Subjects
- Published
-
Hoboken, N.J. :bJohn Wiley & Sons, Inc.,
[2021]
- Language
- English
- Main Author
- Edition
- 3rd edition
- Item Description
- Includes index.
- Physical Description
- xvii, 278 pages : illustrations ; 24 cm
- ISBN
- 9781119805403
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1. Getting Started With Investing
- Chapter 1. Making Sense of Your Investing Options
- Growing Your Money in Ownership Investments
- Sharing in corporate growth and profits: Stocks
- Profiting from real estate
- Succeeding in small business
- Making "riskier" choices: Options, cryptocurrencies, and so on
- Keeping Money in Lending investments
- Understanding Risks and Returns
- Realizing risks
- Managing risks
- Making sense of returns
- Where to Invest and Get Advice
- Finding the best fund companies and brokers
- Finding an acceptable advisor
- Chapter 2. Using Investments to Accomplish Your Goals
- Setting and Prioritizing Your Shorter-Term Goals
- Accumulating a rainy-day fund
- Saving for large purchases
- Investing for a small business or home
- Saving for kids' higher educational costs
- Investing short-term money
- Investing in Retirement Accounts
- Understanding retirement account perks
- Grappling with retirement account concerns
- Taking advantage of retirement accounts
- Surveying retirement account choices
- Selecting retirement account investments
- Assessing Your Risk-Taking Desires
- Chapter 3. Setting Your Return Expectations
- Estimating Your Investments' Returns
- Money market funds and savings account returns
- Bond returns
- Stock returns
- Real estate returns
- Small-business returns
- Compounding Your Returns
- The value of getting a few extra percent
- Considering your goals
- Chapter 4. Minimizing Your Taxes When Investing
- Understanding Investment Taxes
- Tracking taxation of investment distributions
- Determining your tax bracket
- Highlighting the Tax Cuts and Jobs Act bill
- Devising tax-reduction strategies
- Reducing Your Taxes When Selling Investments
- Weighing nontax issues
- Tuning in to tax considerations
- Part 2. Preparing Your Investing Foundation
- Chapter 5. Laying Out Your Financial Plans
- First Priorities: Paying Off High-Cost Debt and Building a Safety Reserve
- Paying off high-cost consumer debt
- Establishing an emergency reserve
- What about Paying Down Other Debts?
- Assessing student loans
- Considering paying down mortgage debt
- Sorting Out Your Financial Plans
- Considering your investment options and desires
- Assessing your savings rate
- Investing regularly with dollar cost averaging
- Knowing the Impact of Investing for College Costs
- Paying for college
- Considering educational savings account options
- Investing money earmarked for college
- Securing Proper Insurance
- Chapter 6. Starting Out with Bank and Credit Union Accounts
- Understanding FDIC Bank Insurance
- Investing in Banking Account and Savings Vehicles
- Bank checking accounts and debit cards
- Savings accounts and certificates of deposit
- Negotiating with Bankers
- Feeling Secure with Your Bank
- Evaluating any bank
- Protecting yourself when banking online
- Exploring Alternatives to Bank Accounts
- Credit union accounts and benefits
- Brokerage cash management accounts
- Money market mutual funds
- Chapter 7. Managing Money Market Funds
- Defining Money Market Mutual Funds
- Making sense of the appeal of money market funds
- Understanding the drawback of money market funds
- Looking at Money Market Fund Holdings
- Protecting and Accessing Your Money in Money Funds
- Protecting your money
- Accessing your money
- Using Money Market Funds in Your Investment Plan
- Shopping for the Best Money Funds
- Discovering traits of leading money funds
- Naming good money funds
- Alternatives to Money Market Mutual Funds
- Part 3. Investing In Stocks, Bonds, And Funds
- Chapter 8. Getting Your Slice of Capitalism with Stocks
- What Are Stocks?
- How (and Why) You Can Make Money with Stocks
- Understanding the importance of corporate profits
- Making sense of how you profit with stocks
- Timing Your Stock Buying and Selling
- Following market indexes
- Using price/earnings ratios to value stocks
- Avoiding temptations and hype
- Getting past the gloom
- Sidestepping common investing minefields
- Highlighting How to Invest in Stocks
- Investing in stock mutual funds and exchange-traded funds
- Picking your own stocks
- Maximizing Your Stock Market Returns
- Chapter 9. Securing Investment Income and Principal With Bonds
- Defining Bonds
- Understanding bond issuers
- Considering credit (default) risk
- Making sense of bond maturities
- Using Bonds in a Portfolio
- Finding uses for bonds
- Comparing other lending investments with bonds
- How and Where to Invest in Bonds
- Choosing between bond funds and individual bonds
- Investing in Treasury bonds
- Investing in non-Treasury individual bonds
- Evaluating individual bonds you currently hold
- Chapter 10. Fund Investing: Mutual Funds and Exchange-Traded Funds
- Understanding the Advantages of Funds
- Maximizing Your Chances for Fund Investing Success
- Understanding the importance of performance and risk
- Examining fund management experience
- Keeping costs down
- Understanding and using index funds
- Understanding exchange-traded funds: Index funds that trade
- Creating and Managing a Fund Portfolio
- Identifying the Best Mutual Funds and ETFs
- Investing in the best ETFs
- Picking the best stock funds
- Balancing your act: Funds that combine stocks and bonds
- Finding the best bond funds
- Considering Alternatives to Investing in Funds
- Creating your own fund
- Robo advisors
- Unit investment trusts
- Brokerage managed accounts
- Hedge funds for the wealthier
- Chapter 11. Understanding Investment Brokers
- Getting Your Money's Worth: Discount Brokers
- Assessing the high-commission salespeople's arguments
- Selecting a discount broker
- Checking Out Online Brokers
- Considering "free" online trades
- Examining your online trading motives
- Taking other costs into account
- Looking at service quality
- Listing the best online brokers
- Part 4. Investing In Real Estate, Small Business, And Other Investments
- Chapter 12. Seeking Shelter and Appreciation in Real Estate
- Comparing Owning a Home to Renting
- Weighing financial considerations
- Considering costs and your time frame
- Deciding when to buy
- Figuring Your Home-Buying Budget
- Getting your financial house in order
- Determining your down payment
- Doing lenders' calculations
- Shopping for Your Home
- Understanding your housing options
- Researching communities
- Checking out and valuing a home
- Investing in Investment Real Estate
- Understanding real estate investment's appeal
- Sizing up' real estate investment options
- Conducting real estate investing research
- Chapter 13. Financing and Putting Together Real Estate Investment Deals
- Financing Your Real Estate Deals
- Achieving loan approval
- Debating fixed-rate versus adjustable-rate mortgages
- Deciding between fixed and adjustable mortgages
- Finding your best fixed-rate mortgage
- Landing an appropriate adjustable-rate mortgage
- Understanding other mortgage fees
- Finding the best lenders
- Refinancing for a better deal
- Working with Real Estate Agents
- Recognizing agent conflicts of interest
- Selecting a good agent
- Putting Your Deal Together
- Negotiating basics
- Inspecting the property
- Shopping for title insurance and escrow services
- Selling Real Estate
- Negotiating real estate agents' contracts
- Selling without an agent
- Chapter 14. Taking Your Talents to the Small-Business Arena
- Investing in Your Career
- Deciding to Start Your Own Business
- Weighing your options
- Entrepreneuring at a company
- Turning a Business Idea into Reality
- Drawing up your business plan
- Plotting to leave your job
- Financing your business
- Considering Small-Business Investment Options
- Buying an existing business
- Investing in someone else's business
- Looking at franchises
- Beware the pitfalls of multilevel marketing companies
- Chapter 15. Exploring Other investment Vehicles
- Calling on Options
- Considering Gold and Other Precious Metals
- Should You Invest in Currencies and Cryptocurrencies?
- Contemplating Collectibles
- Understanding the allure of collectibles
- Seeing the realities of collectibles and their returns
- Considering advice on buying collectibles
- Understanding Annuities and Cash-Value Life insurance
- Availing yourself of annuities
- Considering cash-value life insurance
- Part 5. The Part Of Tens
- Chapter 16. Ten Things to Know about Investing Resources
- Get Educated to Discern the Best from the Rest
- Beware "Free"
- Understand the Influence of Advertising
- Value Quality over Quantity
- Know How to Check Out a Resource
- Beware Hype and Exaggeration
- Don't Assume Quoted Experts Know Their Stuff
- Investigate Gurus' Claims
- Don't Believe Investment-News letter Claims
- Check Out and Keep Up with My Favorite Resources
- Chapter 17. Ten Essential Tips for Investing Success
- Regularly Save and Invest 5 Percent to 10 Percent of Your Income
- Understand and Use Your Employee Benefits
- Thoroughly Research Before You Invest
- Shun Investments with High Commissions and Expenses
- Invest the Majority of Your Long-Term Money in Ownership Investments
- Avoid Making Emotionally Based Financial Decisions
- Make Investing Decisions Based on Your Plans and Meeds
- Tap Information Sources with High Quality Standards
- Trust Yourself First
- Invest in Yourself and Others
- Chapter 18. Ten Things to Know about Investing Apps
- Beware of the General Dangers of Putting Apps on Your Cell Phone
- Use Apps Only from Proven Companies with Good Reputations and Longevity
- Consider the Alternatives to an App
- Use the Best Personal Finance Apps to Have More to Invest
- Be Skeptical of Investing Apps Offering "Free" Trading
- Review Current and Historic Financial and Economic Data
- Invest with Leading Fund Providers
- Tap into the Best Investment Brokerage Firms
- Examine the Best Real Estate Apps
- Seek out Good Small-Business Apps
- Bonus Chapter: Taking Care With Health Insurance
- Index