Expert Financial Planning: Investment Strategies from Industry LeadersRobert C. Arffa Praise for J.K. Lasser Pro Expert Financial Planning "A gem of a personal financial planning guide. Dr. Arffa has prepared many of the chapters himself and his highly readable and accessible overviews are presented with grace and clarity. Included also are discussions by industry professionals and leading investment thinkers. Readers seeking to enhance their financial security will be richly rewarded." -Burton Malkiel, author of A Random Walk Down Wall Street Here is top-level financial planning advice for professionals who counsel affluent clients, as well as for savvy individual investors looking to make the most of their incomes for years to come. Featuring the expertise of some of our most articulate, nationally recognized finance pros, this priceless book will take you through all the steps necessary to creating and realizing a financial plan that's right for your personal needs and goals. Learn how to: * Set and prioritize goals * Assess your current financial status * Make projections for each goal * Devise a strategy that includes spending, saving, and investing * Review risk management * Track your financial progress * Evaluate the tax consequences of investment decisions * Select life and disability insurance . . . all with the help of leaders in their fields, including John C. Bogle * Richard Driehaus * Peter Katt * Weston Wellington * Gregory D. Curtis * Jay Mueller, CFA, and many more . . . |
Contents
Achieving Financial Security | 14 |
InvestingGeneral | 29 |
Earning Interest on Cash | 52 |
Stock Selection | 69 |
Growth Investing | 82 |
A Philosophy for Life | 94 |
Other Stock Selection Strategies | 108 |
The Efficient Markets Hypothesis | 126 |
Other Investments | 237 |
The Impact of Taxes and Other Costs on Total Returns | 252 |
Debt in the U S Capital Markets | 268 |
Real Estate Investment Trusts | 306 |
Venture Capital | 321 |
Asset Allocation | 327 |
Financial Planning | 346 |
Estate Planning | 366 |
Common terms and phrases
actively managed amount analysis annual return asset allocation asset classes average bank benefits bond funds Buffett capital gains cash flow common stock companies company's convertible bond corporate debt determine Dimensional Fund Advisors dividends earnings efficient markets hypothesis emerging markets equity example expected expense ratio federal fees fixed-income fund managers fund's future growth fund growth stocks hedge fund Hennessee higher income increase index fund industry inflation interest rates investment management issuer less liquidity loans long-term managed funds maturity ment money market funds mortgage mortgage-backed securities municipal mutual fund options outperform payments percentage performance period Peter Lynch premium professional profit purchase real estate REIT relative retirement risk securities sell shareholders shares short-term small-cap spending spouse stock market stock price strategy T-bills tax-deferred taxable tion total return trading transaction costs Treasury trust typically value investors venture capital vestment vestors volatility Warren Buffett yield