Investing in your 20s & 30s

Eric Tyson

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.

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2nd Floor 332.678/Tyson Due Dec 10, 2024
Subjects
Published
Hoboken, N.J. :bJohn Wiley & Sons, Inc., [2021]
Language
English
Main Author
Eric Tyson (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