Fisher Plan Your Prosperity

The Only Retirement Guide You'll Ever Need, Starting Now--Whether You're 22, 52 or 82
1. Auflage 2012
ISBN: 978-1-118-51610-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 192 Seiten, E-Book

Whether you're in retirement, just getting ready toretire, or 5, 10, or 40 years out, this book can help you investsmarter your whole life and yes, plan better forretirement.
Harmful mythology abounds about retirement investing.Many retirees or soon-to-be retirees have heard a plethora ofadvice. Take 100 (or 120) and subtract your age to get your equityallocation, put the rest in bonds or cash. Buy only bonds.Buy only high dividend stocks. Or some combination! Buyequity-indexed annuities or some "guaranteed" incomeproduct. All examples of a potentially harmful myth many folksbelieve to be smart, strategic moves.
Investors believe preparing for retirement requires a radicallydifferent set of tools or a dizzying array of products. Navigatingthe world of retirement products and services can be a full-timejob. But investing for retirement is, in practice, not much (if atall) different from investing. In Your Retirement Plan, KenFisher will give readers a workable strategy to either developtheir own retirement investing plan or work more successfully witha professional to increase the likelihood of achieving long-termgoals while avoiding common pitfalls. The book will includeeasy-to-follow steps like
* How to think, correctly, about investing time horizon.
* How to better figure how much income you need
* How to determine if a portfolio can provide that income
* How to figure how much to save each year to achieve retirementgoals
* What pitfalls to avoid
* And more. . . .
In this retirement planning book that's not just for retirees,Fisher will hand readers the tools and confidence they need tobetter plan for the future.

Autoren/Hrsg.

Fisher, Kenneth L.

Inhaltsverzeichnis

Acknowledgments ix
Chapter 1: What? Me? Retire? 1
The Imagined Dichotomy 3
Two Goals ... and Some Non-Goals 4
Definitions and a Pencil 9
Start Immediately. Now. Right Away 13
Plan Your Prosperity 14
Chapter 2: My Goals Are ... What? 17
Why Is This So Hard? 20
Your Investing Goals, Simply 24
Potential Pitfall: Capital Preservation and Growth 26
Inflation's Insidious Impact 29
Three Percent, Compounded 35
Chapter 3: The Secret Code--Asset Allocation orBenchmark? 37
Benchmark--A Road Map and Measuring Stick 40
Picking a Benchmark 42
The Big Decision--Asset Allocation 45
Potential Pitfall: Age Doesn't Equal Asset Allocation49
Benchmark Versus Asset Allocation--What's theDifference? 50
Chapter 4: Time Horizon--Longer Than You Think59
Potential Pitfall: Ignoring Opportunity Cost 62
Time Horizon--What Is It? 64
Time Horizon and Benchmark 68
Chapter 5: What's in a Return? 73
Growth Defi ned 77
The Past as a Guide? 81
Gordon Moore and Endless Innovation 90
Potential Pitfall: Unrealistic Expectations 92
Chapter 6: Getting That Cash Flow 97
Potential Pitfall--The All High-Dividend Portfolio 100
How Much Do You Need? 103
Monte Carlo--Not Just a Casino 107
Let's Get Bootstrapping 109
Chapter 7: Can I Get There? 117
How Much Do You Have? 120
A Savings Plan 123
Chapter 8: Putting It All Together 131
To Benchmark or Not to Benchmark 134
State Your Goals 136
Know Where You Are 137
Picking an Appropriate Benchmark 138
Finding Professional Help 140
Avoid Being a Fraud Victim 143
And You're Off! 143
Appendix A: All Hail the Mighty Dow 145
Appendix B: Cash Flow Versus Expenses 155
Appendix C: Expense Categories 161
Appendix D: Personal Balance Sheet 165
Notes 169
About the Authors 173
Index 175

Über Autor(innen)

KEN FISHER is best known for his prestigious "PortfolioStrategy" column in Forbes magazine, where his over 28-yeartenure of high-profile calls makes him the fourth longest-runningcolumnist in Forbes's 90-plus-year history. He is thefounder, Chairman and CEO of Fisher Investments, an independentglobal money management firm managing tens of billions forindividuals and institutions globally. Fisher is ranked #263 on the2011 Forbes 400 list of richest Americans and #764 on the 2012Forbes Global Billionaire list. In 2010, Investment Advisormagazine named him among the 30 most influential individuals of thelast three decades. Fisher has authored numerous professional andscholarly articles, including the award-winning "Cognitive Biasesin Market Forecasting." He has also published eight previous books,including national bestsellers The Only Three Questions ThatCount, The Ten Roads to Riches, How to Smell a Rat, Debunkeryand Markets Never Forget (But People Do), all published byWiley. Fisher has been published, interviewed and/or written aboutin many major American, British and German finance or businessperiodicals. He has a weekly column in Focus Money,Germany's leading weekly finance and business magazine.
LARA HOFFMANS is Vice President of Content at FisherInvestments, managing editor of MarketMinder.com, a regularcontributor to Forbes.com and coauthor of the bestsellers, TheOnly Three Questions That Count, The Ten Roads to Riches, How toSmell a Rat, Debunkery and Markets Never Forget (But PeopleDo).