People wanting basic advice about stocks, bonds, mutual funds, retirement planning, and tax strategies are often frustrated by information overload. Picking the right book seems as daunting as deciding what to do with their savings and investments.
Investing 101: Updated and Expanded removes both roadblocks, putting people on a path that they can understand and stick with. Kristof is renowned for taking the mystery and anxiety out of investing by keeping choices manageable.
Kristof walks readers through the entire investment cycle and the way they think of their financial lives, rather than presenting stand-alone concepts like stocks and real estate. This expanded edition has new information about 529 college savings plans, annuities, Roth IRAs, reverse mortgages, and why declining markets can be good for you. It includes a cautionary look at home mortgages as investments. There's even a portfolio for the lazy investor.
Kristof's loyal readership and the success of this book's first edition demonstrate that she understands what's on the minds of investors as intimately as she knows what’s happening in financial markets.
Winner: Cover and Interior Design, The Bookbinders Guild of New York/2009 New York Book Show Awards
Introduction xi
1 Fixing Money Problems 2
Finding and fixing the psychological ills that keep us from investing wisely.
2 Risk and Reward 16
The basics about how taking a few risks can reap long-term benefits.
3 The Starting Point 30
How to allocate your assets based on your goals.
4 Diversification 54
Dividing your assets among different investment categories is easier when you think about what different types of investments can dolCx