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Too many retirees lost a large percentage of their investments during the market collapse of 2008 and spent years trying to regain their footing. During the collapse, many advisors told their clients to stay in the market. Ken did the opposite, advising his clients and listeners of his popular radio show "Money Matters" to get out of the market in November of 2007-before the economic meltdown. With this book, Ken shares his 26 years of experience to help investors prepare for the imminent bear market that could devastate their retirement plans.
For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes.
* Understand the buy-hold-SELL strategy
* Learn how to design a sell strategy to protect principal in the next bear market
* Find clear-cut information regarding retirement finances
* Discover the benefits of a diversified portfolio This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal.
The goal of Buy, Hold, & SELL! is not to make investors rich quick, but to help keep them from becoming poor.
Too many retirees lost a large percentage of their investments during the market collapse of 2008 and spent years trying to regain their footing. During the collapse, many advisors told their clients to stay in the market. Ken did the opposite, advising his clients and listeners of his popular radio show "Money Matters" to get out of the market in November of 2007-before the economic meltdown. With this book, Ken shares his 26 years of experience to help investors prepare for the imminent bear market that could devastate their retirement plans.
For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes.
* Understand the buy-hold-SELL strategy
* Learn how to design a sell strategy to protect principal in the next bear market
* Find clear-cut information regarding retirement finances
* Discover the benefits of a diversified portfolio This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal.
The goal of Buy, Hold, & SELL! is not to make investors rich quick, but to help keep them from becoming poor.
KEN MORAIF, CFP, has been named one of the top 100 independent financial advisors in America by Barron's Magazine (2012?2014). He heads up the financial and retirement planning firm Money Matters with Ken Moraif, one of the top 50 fastest-growing financial advisory firms according to Financial Planning Magazine. He hosts a weekly radio show, Money Matters with Ken Moraif, and is a frequent guest on CNBC and Fox Business. He has written for or been quoted by Forbes, Kiplinger's Personal Finance, MarketWatch, The Wall Street Journal, and more.
Acknowledgments xiii
Introduction: One Bear Market Can Change Your Life Forever xv
The Inspiration behind This Book xvi
Part One: The Trouble with Buy-Hold: Why It's Dangerous to Your Financial Health
Chapter 1 Buy and Hold: A Bad Strategy for Anyone over 50? 3
Even the Best Investor 4
Buying into the Buy-Hold Myth 5
Chapter 2 60 Is the New 40: What Does That Mean for Your Investments? 7
How Long Will You Live? 8
What Does a Long Life Mean for Retirement? 9
The Longevity-Retirement-Investment Equation 10
Chapter 3 The Bear and the Lake House 15
Chapter 4 The 10 Most Important Years of Your Investing Life 17
More Heavy Lifting 18
The Eighth Wonder of the World? 18
Reverse Compounding 19
The Most Important Years of Your Investing Life 20
Chapter 5 A Buy-Hold Disaster Story 23
Chapter 6 You Know You're a Buy-Holder If . . . 27
Chapter 7 Why Does Buy-Hold Even Exist? 29
Generational Amnesia 30
The Rest of the Story 31
The Rise of Mutual Funds 32
The Best Coin-Flipper in the World 32
The Famous Scene in The Deer Hunter 34
Chapter 8 What Do Economists Say about Buy-Hold? 35
Check Out the Publication Date 36
It's History, Not the Future 37
Siegel Also Admitted . . . 37
The Market's (and Investors') Irrational Exuberance 38
The Emperor's New Clothes 40
Valuations Schmaluations 40
Who Should You Listen To? 41
Chapter 9 The Multimillion-Dollar Argument for a Buy-Hold-SELL Strategy 43
My Personal Experience with Buy-Hold 44
The Birth of a Sell Strategy 45
Avoiding the Market Crash of 2008 45
Part Two: The Buy-Hold Myths: The Advice That Could Ruin Your Retirement
Chapter 10 Buy-Hold Myth #1: The Market Always Comes Back 51
Some Big Bad Bears 54
Mini-Myth: If You Just Study Past Market History . . . 55
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Mini-Myth: Time Is Your Friend 57
Homeland Security 57
Mini-Myth: The Most Successful Investors Stay in for the Long Run 59
We're Not 25 Years Old Anymore 59
Where's the Contract? 60
Chapter 11 Buy-Hold Myth #2: Don't Miss the 20 Best Trading Days 61
A Pig in a Poke 63
When Were the Best Days? 63
Riding the Market during the Best Days 65
The Worst Trading Days (So Far) 65
Avoiding the Big Bad Bear Days 67
Doing the Impossible 68
He's in the Wrong Lane! 71
Missing the Best and Worst 72
Chapter 12 Buy-Hold Myth #3: Don't Be the Fool Who Sells at the Bottom 75
Mini-Myth: You Don't Want to Miss the Rebound 76
Mini-Myth: The Rebound Is Equal to the Fall 78
The Two Fools of Mayberry R.F.D. 79
Which Fool Would You Rather Be? 80
Chapter 13 Buy-Hold Myth #4: Diversify Your Portfolio . . . That's All You Need to Do 83
Put Your Eggs in Different Baskets 84
A Junk Drawer of Investments 86
Diversification Isn't Enough 88
Buying a Drill Bit 89
Chapter 14 Buy-Hold Myth #5: You Won't Make Any Money If You Sell and Sit in Cash 91
Cash Can Be Your Friend 93
Bewitched by Zero 93
That's Not All 95
Security or Surfing? 95
Chapter 15 Buy-Hold Myth #6: You Haven't Lost Any Money Unless You . . . 97
Shame, Shame, Shame 98
Mini-Myth: Future Appreciation 99
A Flat-Out Lie 100
Why They Don't Want You to Sell 100
Why You Fear Selling 101
Buying Stuff Is Fun 104
Live to Fight Another Day 104
The Real Answer 105
Chapter 16 Bits and Pieces: More Buy-Hold Nonsense 107
"Ten Years" Twaddle 108
Can't We Just Use the P/E Ratio? 108
A Word about Warren Buffett 110
Part Three: Buy, Hold, Sell: An Introduction to Sell Strategies
Chapter 17 What's beyond the Buy-Hold Myth? 115
Not Market Timing 116
Even If You Could . . . 116
Trends and Tides 117
Chapter 18 The 200-Day Moving Average Strategy 119
How to Calculate the 200-Day Moving Average 120
The 200-Day Moving Average in Action 121
Backed Up by History 124
Returns and Risks 126
Using the 200-Day Moving Average 128
Why This Strategy Works 128
Why It Works Especially Well for Investors over 50 128
Chapter 19 The Trailing Stop-Loss Sell Strategy 131
The Trailing Stop-Loss 132
Setting Your Stop-Loss Point 132
Stock Behavior 133
Beta and Standard Deviation 133
Take Tech Stocks, for Example 135
Chapter 20 When You Should Not Sell 137
More Event-Driven Market Drops 139
If You Can Point to a Specific Event . . . 141
If There's More Than One Reason for a Drop . . . 142
The 2008 Bear 142
Use Your Sell Strategy, Unless . . . 144
Chapter 21 Sell Strategy Pros and Cons 145
False Alarms 145
The Financial Tornado Warning 146
Transaction Costs and Taxes 147
A Cautionary Tale 148
Put the Odds in Your Favor 149
Don't Be the Hare 149
Chapter 22 More Reasons to Use a Sell Strategy 151
Bonus Reason #1 to Have a Sell Strategy 151
Bonus Reason #2 to Have a Sell Strategy 152
Real Life by the Numbers 153
Bonus Reason #3 to Have a Sell Strategy 154
Chapter 23 The Magic Number Strategy 157
How Strong Is Your House? 158
Your Magic Number 158
How Much Will You Need? 159
Calculating Your Magic Number 159
The Magic Number and the Musician 163
Chapter 24 The Rebalancing Strategy 165
Reap the Rewards of a Rebalanced Portfolio 167
Getting Off the Titanic 169
Chapter 25 Execute or Get Killed 171
It Doesn't Matter Why You Sell . . . 172
You Can't Climb the Pyramids 172
A Giant Bowl of Spaghetti 173
Remember New Orleans 174
Chapter 26 A Simple Action Plan 175
Chapter 27 Armed with Knowledge 177
P.S.: What Do You Think Will Happen Next? 180
Appendix 181
About the Author 185
Index 187
| Erscheinungsjahr: | 2015 |
|---|---|
| Fachbereich: | Betriebswirtschaft |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Buch |
| ISBN-13: | 9781118951491 |
| ISBN-10: | 1118951492 |
| Sprache: | Englisch |
| Einband: | Gebunden |
| Autor: | Moraif, Ken |
| Hersteller: |
Wiley
John Wiley & Sons |
| Maße: | 236 x 160 x 20 mm |
| Von/Mit: | Ken Moraif |
| Erscheinungsdatum: | 16.02.2015 |
| Gewicht: | 0,363 kg |
KEN MORAIF, CFP, has been named one of the top 100 independent financial advisors in America by Barron's Magazine (2012?2014). He heads up the financial and retirement planning firm Money Matters with Ken Moraif, one of the top 50 fastest-growing financial advisory firms according to Financial Planning Magazine. He hosts a weekly radio show, Money Matters with Ken Moraif, and is a frequent guest on CNBC and Fox Business. He has written for or been quoted by Forbes, Kiplinger's Personal Finance, MarketWatch, The Wall Street Journal, and more.
Acknowledgments xiii
Introduction: One Bear Market Can Change Your Life Forever xv
The Inspiration behind This Book xvi
Part One: The Trouble with Buy-Hold: Why It's Dangerous to Your Financial Health
Chapter 1 Buy and Hold: A Bad Strategy for Anyone over 50? 3
Even the Best Investor 4
Buying into the Buy-Hold Myth 5
Chapter 2 60 Is the New 40: What Does That Mean for Your Investments? 7
How Long Will You Live? 8
What Does a Long Life Mean for Retirement? 9
The Longevity-Retirement-Investment Equation 10
Chapter 3 The Bear and the Lake House 15
Chapter 4 The 10 Most Important Years of Your Investing Life 17
More Heavy Lifting 18
The Eighth Wonder of the World? 18
Reverse Compounding 19
The Most Important Years of Your Investing Life 20
Chapter 5 A Buy-Hold Disaster Story 23
Chapter 6 You Know You're a Buy-Holder If . . . 27
Chapter 7 Why Does Buy-Hold Even Exist? 29
Generational Amnesia 30
The Rest of the Story 31
The Rise of Mutual Funds 32
The Best Coin-Flipper in the World 32
The Famous Scene in The Deer Hunter 34
Chapter 8 What Do Economists Say about Buy-Hold? 35
Check Out the Publication Date 36
It's History, Not the Future 37
Siegel Also Admitted . . . 37
The Market's (and Investors') Irrational Exuberance 38
The Emperor's New Clothes 40
Valuations Schmaluations 40
Who Should You Listen To? 41
Chapter 9 The Multimillion-Dollar Argument for a Buy-Hold-SELL Strategy 43
My Personal Experience with Buy-Hold 44
The Birth of a Sell Strategy 45
Avoiding the Market Crash of 2008 45
Part Two: The Buy-Hold Myths: The Advice That Could Ruin Your Retirement
Chapter 10 Buy-Hold Myth #1: The Market Always Comes Back 51
Some Big Bad Bears 54
Mini-Myth: If You Just Study Past Market History . . . 55
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Mini-Myth: Time Is Your Friend 57
Homeland Security 57
Mini-Myth: The Most Successful Investors Stay in for the Long Run 59
We're Not 25 Years Old Anymore 59
Where's the Contract? 60
Chapter 11 Buy-Hold Myth #2: Don't Miss the 20 Best Trading Days 61
A Pig in a Poke 63
When Were the Best Days? 63
Riding the Market during the Best Days 65
The Worst Trading Days (So Far) 65
Avoiding the Big Bad Bear Days 67
Doing the Impossible 68
He's in the Wrong Lane! 71
Missing the Best and Worst 72
Chapter 12 Buy-Hold Myth #3: Don't Be the Fool Who Sells at the Bottom 75
Mini-Myth: You Don't Want to Miss the Rebound 76
Mini-Myth: The Rebound Is Equal to the Fall 78
The Two Fools of Mayberry R.F.D. 79
Which Fool Would You Rather Be? 80
Chapter 13 Buy-Hold Myth #4: Diversify Your Portfolio . . . That's All You Need to Do 83
Put Your Eggs in Different Baskets 84
A Junk Drawer of Investments 86
Diversification Isn't Enough 88
Buying a Drill Bit 89
Chapter 14 Buy-Hold Myth #5: You Won't Make Any Money If You Sell and Sit in Cash 91
Cash Can Be Your Friend 93
Bewitched by Zero 93
That's Not All 95
Security or Surfing? 95
Chapter 15 Buy-Hold Myth #6: You Haven't Lost Any Money Unless You . . . 97
Shame, Shame, Shame 98
Mini-Myth: Future Appreciation 99
A Flat-Out Lie 100
Why They Don't Want You to Sell 100
Why You Fear Selling 101
Buying Stuff Is Fun 104
Live to Fight Another Day 104
The Real Answer 105
Chapter 16 Bits and Pieces: More Buy-Hold Nonsense 107
"Ten Years" Twaddle 108
Can't We Just Use the P/E Ratio? 108
A Word about Warren Buffett 110
Part Three: Buy, Hold, Sell: An Introduction to Sell Strategies
Chapter 17 What's beyond the Buy-Hold Myth? 115
Not Market Timing 116
Even If You Could . . . 116
Trends and Tides 117
Chapter 18 The 200-Day Moving Average Strategy 119
How to Calculate the 200-Day Moving Average 120
The 200-Day Moving Average in Action 121
Backed Up by History 124
Returns and Risks 126
Using the 200-Day Moving Average 128
Why This Strategy Works 128
Why It Works Especially Well for Investors over 50 128
Chapter 19 The Trailing Stop-Loss Sell Strategy 131
The Trailing Stop-Loss 132
Setting Your Stop-Loss Point 132
Stock Behavior 133
Beta and Standard Deviation 133
Take Tech Stocks, for Example 135
Chapter 20 When You Should Not Sell 137
More Event-Driven Market Drops 139
If You Can Point to a Specific Event . . . 141
If There's More Than One Reason for a Drop . . . 142
The 2008 Bear 142
Use Your Sell Strategy, Unless . . . 144
Chapter 21 Sell Strategy Pros and Cons 145
False Alarms 145
The Financial Tornado Warning 146
Transaction Costs and Taxes 147
A Cautionary Tale 148
Put the Odds in Your Favor 149
Don't Be the Hare 149
Chapter 22 More Reasons to Use a Sell Strategy 151
Bonus Reason #1 to Have a Sell Strategy 151
Bonus Reason #2 to Have a Sell Strategy 152
Real Life by the Numbers 153
Bonus Reason #3 to Have a Sell Strategy 154
Chapter 23 The Magic Number Strategy 157
How Strong Is Your House? 158
Your Magic Number 158
How Much Will You Need? 159
Calculating Your Magic Number 159
The Magic Number and the Musician 163
Chapter 24 The Rebalancing Strategy 165
Reap the Rewards of a Rebalanced Portfolio 167
Getting Off the Titanic 169
Chapter 25 Execute or Get Killed 171
It Doesn't Matter Why You Sell . . . 172
You Can't Climb the Pyramids 172
A Giant Bowl of Spaghetti 173
Remember New Orleans 174
Chapter 26 A Simple Action Plan 175
Chapter 27 Armed with Knowledge 177
P.S.: What Do You Think Will Happen Next? 180
Appendix 181
About the Author 185
Index 187
| Erscheinungsjahr: | 2015 |
|---|---|
| Fachbereich: | Betriebswirtschaft |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Buch |
| ISBN-13: | 9781118951491 |
| ISBN-10: | 1118951492 |
| Sprache: | Englisch |
| Einband: | Gebunden |
| Autor: | Moraif, Ken |
| Hersteller: |
Wiley
John Wiley & Sons |
| Maße: | 236 x 160 x 20 mm |
| Von/Mit: | Ken Moraif |
| Erscheinungsdatum: | 16.02.2015 |
| Gewicht: | 0,363 kg |
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