http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
A comprehensive guide to lifelong financial planning best practices Investing for a Lifetime +Website: An Interactive Education in Managing Wealth for the ""New Normal"" is the comprehensive guide to planning for lifelong financial security. Written by a Wharton Professor for the Private Wealth Management Program, the book provides professionals with the facts they need to serve their clients' best interests. Taking into account the most common concerns clients express, the book details retirement preparation from the perspectives of saving and investing, investment choices.
Investing for a Lifetime; Contents; Preface; Acknowledgments; PART ONE Saving and Investing; CHAPTER 1 Introduction: Investing for a Lifetime; THE NEW RETIREMENT REALITY-WE ARE ON OUR OWN; LONGEVITY; THE SQUIRREL MODEL OF SAVING AND SPENDING; OUTLINE OF THE BOOK; NOTES; REFERENCES; CHAPTER 2 The Building Blocks of a Portfolio: Bonds and Stocks; BONDS AND STOCKS SINCE 1951; THE IMPORTANCE OF ADJUSTING FOR INFLATION; BONDS AND STOCKS ADJUSTED FOR INFLATION; ASSET ALLOCATION DECISIONS FOR YOUNG INVESTORS: THE CASE OF TIAA-CREF; WHAT ARE THESE LONG-RUN AVERAGES MISSING?; NOTES; REFERENCES.
CHAPTER 3 Long Swings in Returns: Are We in a "New Normal?"LONG SWINGS IN RETURNS; WERE YOU LUCKY ENOUGH TO INVEST DURING THE 1980S AND 1990S?; THE NEW NORMAL FOR THE BOND INVESTOR; Yields Stay Low; Rising Rates; THE NEW NORMAL FOR THE STOCK INVESTOR; WHAT CAN INVESTORS DO?; NOTES; REFERENCES; CHAPTER 4 A Savings Goal for Retirement; WHAT IS RETIREMENT SAVINGS TRYING TO ACHIEVE?; IS THERE A RULE OF THUMB ABOUT HOW MUCH YOU HAVE TO SAVE?; WHAT RATE OF SPENDING IS SAFE IN RETIREMENT?; WHAT IF THERE WERE NO SOCIAL SECURITY? SOME SIMPLE ARITHMETIC; SAVINGS GOAL WITH SOCIAL SECURITY.
RETIREMENT SAVINGS GOAL AT HIGHER OR LOWER LEVELS OF INCOMEHOW DO WE REACH THE SAVINGS GOAL?; NOTES; REFERENCES; CHAPTER 5 What Rate of Savings?; HOW MUCH DOES THE RATE OF SAVINGS MATTER?; HOW MUCH IS ENOUGH?; THREE KEY FACTORS IN SAVING; HOW IMPORTANT IS IT TO START SAVING EARLY?; WHAT IF SAVINGS ARE WITHDRAWN FOR COLLEGE?; WHAT IF THE PORTFOLIO RETURNS FALL SHORT?; HOW DO TAXES AFFECT SAVINGS?; NOTES; CHAPTER 6 Savings and Taxes; HOW TAXES REDUCE INVESTMENT RETURNS; TAX EFFICIENCY; HOW IMPORTANT IS TAX DEFERRAL?; ASSET LOCATION; CONCLUDING COMMENTS; NOTES; REFERENCES.
PART TWO Investment ChoicesCHAPTER 7 Investing in U.S. Stocks; MUTUAL FUNDS AND ETFS; WAYS TO SLICE UP THE U.S. STOCK MARKET; WHAT DO WE MEAN BY SMALL-CAP STOCKS?; RELATIVE PERFORMANCE OF LARGE-CAP AND SMALL-CAP STOCKS; THE VALUE PREMIUM; RELATIVE RETURNS ON VALUE AND GROWTH STOCKS; IMPLICATIONS FOR PORTFOLIOS; NOTES; REFERENCES; CHAPTER 8 Foreign Stock Markets: Industrial Countries of Europe and the Pacific; RETURNS ON FOREIGN STOCKS; MARKETS HAVE BECOME MORE CORRELATED; WHY DOES IT PAY TO DIVERSIFY INTO FOREIGN STOCKS?; ROLE OF CURRENCIES IN RETURNS EARNED BY U.S. INVESTORS.
IS THERE A SHORTCUT TO INVESTING IN FOREIGN STOCKS?CONCLUDING COMMENTS; NOTES; REFERENCES; CHAPTER 9 Emerging Markets; WHAT IS AN EMERGING MARKET?; EMERGING STOCK MARKET INDEXES; EMERGING STOCK MARKET RETURNS; RISKS OF INVESTING IN EMERGING STOCK MARKETS; SO WHY INVEST IN EMERGING MARKETS AT ALL?; CONCLUDING COMMENTS; NOTES; REFERENCES; CHAPTER 10 Investing in Bonds: The Basics; BOND YIELDS AND BOND RETURNS; BUT WHAT IF I BUY AND HOLD?; BOND INVESTING WHEN INTEREST RATES ARE AT RECORD LOWS; LADDERING THE BOND PORTFOLIO; NOTES; CHAPTER 11 Investing in Bonds: The Wider Bond Market.
Includes bibliographical references and index.
Investing for a Lifetime : Managing Wealth for the ""New Normal""