Book : All About Asset Allocation, Second Edition - Ferri,..

-Titulo Original : All About Asset Allocation, Second Edition

-Fabricante :

McGraw Hill

-Descripcion Original:

From the Publisher Richard A. Ferri, CFA, is president and senior portfolio manager of Portfolio Solutions, LLC, and an adjunct professor of finance at Walsh College in Michigan. He is the author of Protecting Your Wealth in Good Times and Bad, All About Index Funds, and Serious Money: Straight Talk About Investing for Retirement. Ferri is regularly quoted in the media including the Wall Street Journal, Barrons, Businessweek, and Forbes. He has appeared on many financial radio shows and television programs and is a frequent speaker at advisor industry events. WHEN IT COMES TO INVESTING FOR YOUR FUTURE, THERES ONLY ONE SURE BET-ASSET ALLOCATIONTHE EASY WAY TO GET STARTEDEverything You Need to Know About How To:Implement a smart asset allocation strategyDiversify your investments with stocks, bonds,real estate, and other classesChange your allocation and lock in gainsTrying to outwit the market is a bad gamble. If youre serious about investing for the long run, you have to take a no-nonsense, businesslike approach to your portfolio. In addition to covering all the basics, this new edition of All About Asset Allocation includes timely advice on:Learning which investments work well together and whySelecting the right mutual funds and ETFsCreating an asset allocation that’s right for your needsKnowing how and when to change an allocationUnderstanding target-date mutual fundsAll About Asset Allocation offers advice that is both prudent and practical--keep it simple, diversify, and, above all, keep your expenses low--from an author who both knows how vital asset allocation is to investment success and, most important, works with real people. -- John C. Bogle, founder and former CEO, The Vanguard GroupWith All About Asset Allocation at your side, youll be executing a sound investment plan, using the best materials and wearing the best safety rope that money can buy. -- William Bernstein, founder and author, The Intelligent Asset Allocator About the Author Richard A. Ferri, CFA, is president and senior portfolio manager of Portfolio Solutions, LLC, and an adjunct professor of finance at Walsh College in Michigan. He is the author of Protecting Your Wealth in Good Times and Bad, All About Index Funds, and Serious Money: Straight Talk About Investing for Retirement. Ferri is regularly quoted in the media including the Wall Street Journal, Barrons, Businessweek, and Forbes. He has appeared on many financial radio shows and television programs and is a frequent speaker at advisor industry events. Excerpt. © Reprinted by permission. All rights reserved. All About ASSET ALLOCATIONBy RICHARD A. FERRIMcGraw-HillCopyright © 2010 The McGraw-Hill Companies, Inc.All right reserved.ISBN: 978-0-07-170078-8ContentsChapter OnePlanning for Investment Success KEY CONCEPTS * Investment planning is critical to long-term success. * Asset allocation is the key element of investment planning. * Discipline and commitment to a strategy are needed. * There are no shortcuts to achieving financial security. A successful lifelong investment experience hinges on three critical steps: the development of a prudent investment plan, the full implementation of that plan, and the discipline to maintain the plan in good times and bad. If you create a good plan and follow it, your probability of financial freedom increases exponentially. An investment plan provides the road map to fair and equitable investment results over the long term. Your asset allocation decision is the most important step in investment planning. This is the amount of money you commit to each of various asset classes, such as stocks, bonds, real estate, and cash. It is your asset allocation that largely determines the growth path of your money and level of portfolio risk in the long run. Exactly how you invest in each of these asset classes is of lesser importance than owning the asset classes themselves, although some ways are bet