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Digital wealth : an automatic way to invest successfully /
Leverage algorithms to take your investment approach to the next level Digital Wealth: An Automatic Way to Invest Successfully reveals core investment strategies that you can leverage to build long-term wealth. More than a simple review of traditional investment strategies, this innovative text prof...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley,
[2016]
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Title page; Copyright; Dedication; Preface; Note; Acknowledgments; Chapter 1 America's Savings Challenge; We Don't Save Enough; The Key Change in America's Retirement Planning Process; How Financial Innovation Helps; The Magic of a 15 Percent Savings Rate; Notes; Chapter 2 The Risk of Not Investing in Stocks; The Short-Term Risks; The Historical Perspective; The Logic; Chapter 3 The Enemies of a Stock Portfolio; Why Inflation Matters; Treasury Inflation-Protected Securities (TIPS); Asset Confiscation; Recession; Chapter 4 The Value of Time for Investors.
- Why Long-Term Stock Investing Is Less Risky than It May SeemThe Long-Term Picture; How Bonds Can Help; Note; Chapter 5 Core Assets of a Robust Portfolio; Asset Classes We Include; Individual Asset Classes We Exclude; Notes; Chapter 6 Dynamic Asset Selection: Determining the Lowest-Cost Option for Each Portfolio; Chapter 7 What Software Does Better than People; How Software Helps Investors; Example: All the Decisions an Algorithm Makes; Chapter 8 How International Investing Can Smooth Returns; Demographics Matter; Diversification Improves Your Industry Mix; Notes.
- Chapter 9 The Advantages of Exchange-Traded FundsThe Benefits of ETFs; In-Kind Transfers; The Risks of ETFs; Securities Lending Policies; Notes; Chapter 10 The Triumph of Low-Cost Investing: How Paying Less Gets You More; Fooled by Randomness; A Triumph of Marketing over Results; Notes; Chapter 11 Learning from Nobel Prize Winners; Milton Friedman, 1976; James Tobin, 1981; Harry Markowitz, 1990; William Sharpe, 1990; Daniel Kahnemann, 2002; Eugene Fama and Robert Shiller, 2013; Chapter 12 The Costs of Being Active; The Cost of Closet Indexing; The Other Costs of Active Management; Notes.
- Chapter 13 The Greatest Mistakes Made by Novice InvestorsStarting Saving Too Late; Are You Using Tax Shelters Effectively?; Are You Taking Advantage of 401(k) Matching If Available?; Are You Diversified Internationally?; Are You Chasing Returns?; Are You Overpaying in Fees?; Are You Tracking the Right Index?; Do You Trade Too Much?; Chapter 14 Tilts and Other Ways to Help Long-Term Performance; History of Market Thought; Data Mining; Debunking Strong-Form Market Efficiency; Rationality; The January Effect; Sell in May and Go Away; Momentum; Value; Small Cap; Quality.
- Longer-Term Mean ReversionAssessing Tilts in a Portfolio Context; Notes; Chapter 15 Establishing a Tax-Efficient Portfolio; Tax Shelters; Tax Efficiency for Retirement; Tax Efficiency for College; Tax Efficiency for Giving; Tax-Efficient Asset Placement; Tax Loss Harvesting; Offsetting Gains with Losses; The Principal of Tax Deferral; How Tax Loss Harvesting Works; Challenges of Implementing Tax Loss Harvesting; Conclusion; Chapter 16 The Value of Rebalancing and Glidepaths; Rebalancing Keeps a Portfolio on Course; Tiered Rebalancing; Glidepaths; Notes; Chapter 17 How to Manage a Market Crash.