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Produktbild: Investing in Your 20s & 30s for Dummies

Investing in Your 20s & 30s for Dummies

Aus der Reihe For Dummies (Lifestyle)
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Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

09.06.2021

Verlag

John Wiley & Sons Inc

Seitenzahl

304

Maße (L/B/H)

23,1/18,8/1,7 cm

Gewicht

416 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-119-80540-3

Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

09.06.2021

Verlag

John Wiley & Sons Inc

Seitenzahl

304

Maße (L/B/H)

23,1/18,8/1,7 cm

Gewicht

416 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-119-80540-3

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  • Produktbild: Investing in Your 20s & 30s for Dummies
  • Introduction 1

    About This Book 1

    Foolish Assumptions 2

    Icons Used in This Book 3

    Beyond the Book 3

    Where to Go from Here 3

    Part 1: Getting Started with Investing 5

    Chapter 1: Making Sense of Your Investing Options 7

    Growing Your Money in Ownership Investments 7

    Sharing in corporate growth and profits: Stocks 8

    Profiting from real estate 9

    Succeeding in small business 10

    Making "riskier" choices: Options, cryptocurrencies, and so on 10

    Keeping Money in Lending Investments 10

    Understanding Risks and Returns 11

    Realizing risks 11

    Managing risks 13

    Making sense of returns 14

    Where to Invest and Get Advice 15

    Finding the best fund companies and brokers 15

    Finding an acceptable advisor 16

    Chapter 2: Using Investments to Accomplish Your Goals 19

    Setting and Prioritizing Your Shorter-Term Goals 19

    Accumulating a rainy-day fund 20

    Saving for large purchases 21

    Investing for a small business or home 21

    Saving for kids' higher educational costs 22

    Investing short-term money 23

    Investing in Retirement Accounts 23

    Understanding retirement account perks 23

    Grappling with retirement account concerns 24

    Taking advantage of retirement accounts 25

    Surveying retirement account choices 26

    Selecting retirement account investments 29

    Assessing Your Risk-Taking Desires 29

    Chapter 3: Setting Your Return Expectations 31

    Estimating Your Investments' Returns 32

    Money market funds and savings account returns 32

    Bond returns 33

    Stock returns 34

    Real estate returns 35

    Small-business returns 36

    Compounding Your Returns 36

    The value of getting a few extra percent 37

    Considering your goals 38

    Chapter 4: Minimizing Your Taxes When Investing 39

    Understanding Investment Taxes 40

    Tracking taxation of investment distributions 40

    Determining your tax bracket 41

    Highlighting the Tax Cuts and Jobs Act bill          .42

    Devising tax-reduction strategies 44

    Reducing Your Taxes When Selling Investments 45

    Weighing nontax issues 45

    Tuning in to tax considerations 46

    Part 2: Preparing Your Investing Foundation 51

    Chapter 5: Laying Out Your Financial Plans 53

    First Priorities: Paying Off High-Cost Debt and

    Building a Safety Reserve 54

    Paying off high-cost consumer debt 54

    Establishing an emergency reserve 55

    What about Paying Down Other Debts? 56

    Assessing student loans 56

    Considering paying down mortgage debt 58

    Sorting Out Your Financial Plans 58

    Considering your investment options and desires 59

    Assessing your savings rate 60

    Investing regularly with dollar cost averaging 61

    Knowing the Impact of Investing for College Costs 62

    Paying for college 63

    Considering educational savings account options 64

    Investing money earmarked for college 65

    Securing Proper Insurance 65

    Chapter 6: Starting Out with Bank and Credit Union Accounts 67

    Understanding FDIC Bank Insurance 68

    Investing in Banking Account and Savings Vehicles 68

    Bank checking accounts and debit cards 69

    Savings accounts and certificates of deposit 70

    Negotiating with Bankers 71

    Feeling Secure with Your Bank 72

    Evaluating any bank 72

    Protecting yourself when banking online 73

    Exploring Alternatives to Bank Accounts 75

    Credit union accounts and benefits 75

    Brokerage cash management accounts 76

    Money market mutual funds 77

    Chapter 7: Managing Money Market Funds 79

    Defining Money Market Mutual Funds 79

    Making sense of the appeal of money market funds 80

    Understanding the drawback of money market funds 81

    Looking at Money Market Fund Holdings 81

    Protecting and Accessing Your Money in Money Funds 83

    Protecting your money 83

    Accessing your money 83

    Using Money Market Funds in Your Investment Plan 84

    Shopping for the Best Money Funds 86

    Discovering traits of leading money funds 86

    Naming good money funds 87

    Alternatives to Money Market Mutual Funds 88

    Part 3: Investing in Stocks, Bonds, and Funds 91

    Chapter 8: Getting Your Slice of Capitalism with Stocks 93

    What Are Stocks? 94

    How (and Why) You Can Make Money with Stocks 95

    Understanding the importance of corporate profits 95

    Making sense of how you profit with stocks 96

    Timing Your Stock Buying and Selling 97

    Following market indexes 97

    Using price/earnings ratios to value stocks 99

    Avoiding temptations and hype 100

    Getting past the gloom 101

    Sidestepping common investing minefields 102

    Highlighting How to Invest in Stocks 103

    Investing in stock mutual funds and exchange-traded funds 103

    Picking your own stocks 104

    Maximizing Your Stock Market Returns 108

    Chapter 9: Securing Investment Income and Principal with Bonds 109

    Defining Bonds 110

    Understanding bond issuers 110

    Considering credit (default) risk 113

    Making sense of bond maturities 113

    Using Bonds in a Portfolio 114

    Finding uses for bonds 115

    Comparing other lending investments with bonds 116

    How and Where to Invest in Bonds 119

    Choosing between bond funds and individual bonds 120

    Investing in Treasury bonds 120

    Investing in non-Treasury individual bonds 121

    Evaluating individual bonds you currently hold 122

    Chapter 10: Fund Investing: Mutual Funds and Exchange-Traded Funds 123

    Understanding the Advantages of Funds 124

    Maximizing Your Chances for Fund Investing Success 126

    Understanding the importance of performance and risk 126

    Examining fund management experience 127

    Keeping costs down 127

    Understanding and using index funds 128

    Understanding exchange-traded funds: Index funds that trade 129

    Creating and Managing a Fund Portfolio 131

    Identifying the Best Mutual Funds and ETFs 133

    Investing in the best ETFs 133

    Picking the best stock funds 134

    Balancing your act: Funds that combine stocks and bonds 136

    Finding the best bond funds 137

    Considering Alternatives to Investing in Funds 142

    Creating your own fund 142

    Robo advisors 142

    Unit investment trusts 143

    Brokerage managed accounts 143

    Hedge funds for the wealthier 144

    Chapter 11: Understanding Investment Brokers 145

    Getting Your Money's Worth: Discount Brokers 145

    Assessing the high-commission salespeople's arguments 146

    Selecting a discount broker 147

    Checking Out Online Brokers 149

    Considering "free" online trades 149

    Examining your online trading motives 150

    Taking other costs into account 151

    Looking at service quality 151

    Listing the best online brokers 152

    Part 4: Investing in Real Estate, Small Business, and Other Investments 153

    Chapter 12: Seeking Shelter and Appreciation in Real Estate 155

    Comparing Owning a Home to Renting 156

    Weighing financial considerations 156

    Considering costs and your time frame 157

    Deciding when to buy 158

    Figuring Your Home-Buying Budget 160

    Getting your financial house in order 160

    Determining your down payment 160

    Doing lenders' calculations 161

    Shopping for Your Home 163

    Understanding your housing options 164

    Researching communities 165

    Checking out and valuing a home 166

    Investing in Investment Real Estate 167

    Understanding real estate investment's appeal 168

    Sizing up real estate investment options 169

    Conducting real estate investing research 172

    Chapter 13: Financing and Putting Together Real Estate Investment Deals 175

    Financing Your Real Estate Deals 175

    Achieving loan approval 176

    Debating fixed-rate versus adjustable-rate mortgages 179

    Deciding between fixed and adjustable mortgages 181

    Finding your best fixed-rate mortgage 182

    Landing an appropriate adjustable-rate mortgage 183

    Understanding other mortgage fees 187

    Finding the best lenders 187

    Refinancing for a better deal 189

    Working with Real Estate Agents 191

    Recognizing agent conflicts of interest 191

    Selecting a good agent 192

    Putting Your Deal Together 194

    Negotiating basics 194

    Inspecting the property 195

    Shopping for title insurance and escrow services 196

    Selling Real Estate 197

    Negotiating real estate agents' contracts 197

    Selling without an agent 199

    Chapter 14: Taking Your Talents to the Small-Business Arena 201

    Investing in Your Career 202

    Deciding to Start Your Own Business 203

    Weighing your options 203

    Entrepreneuring at a company 204

    Turning a Business Idea into Reality 204

    Drawing up your business plan 204

    Plotting to leave your job 207

    Financing your business 208

    Considering Small-Business Investment Options 210

    Buying an existing business 210

    Investing in someone else's business 211

    Looking at franchises 212

    Beware the pitfalls of multilevel marketing companie 213

    Chapter 15: Exploring Other Investment Vehicles 215

    Calling on Options 215

    Considering Gold and Other Precious Metals 216

    Should You Invest in Currencies and Cryptocurrencies? 218

    Contemplating Collectibles 220

    Understanding the allure of collectibles 221

    Seeing the realities of collectibles and their returns 221

    Considering advice on buying collectibles 222

    Understanding Annuities and Cash-Value Life Insurance 223

    Availing yourself of annuities 223

    Considering cash-value life insurance 224

    Part 5: The Part of Tens 227

    Chapter 16: Ten Things to Know about Investing Resources 229

    Get Educated to Discern the Best from the Rest 229

    Beware "Free" 230

    Understand the Influence of Advertising 230

    Value Quality over Quantity 231

    Know How to Check Out a Resource 232

    Beware Hype and Exaggeration 232

    Don't Assume Quoted Experts Know Their Stuff 233

    Investigate Gurus' Claims 233

    Don't Believe Investment-Newsletter Claims 234

    Check Out and Keep Up with My Favorite Resources 234

    Chapter 17: Ten Essential Tips for Investing Success 237

    Regularly Save and Invest 5 Percent to 10 Percent of Your Income 237

    Understand and Use Your Employee Benefits 238

    Thoroughly Research Before You Invest 238

    Shun Investments with High Commissions and Expenses 239

    Invest the Majority of Your Long-Term Money in Ownership Investments 239

    Avoid Making Emotionally Based Financial Decisions 239

    Make Investing Decisions Based on Your Plans and Needs 240

    Tap Information Sources with High Quality Standards 240

    Trust Yourself First 241

    Invest in Yourself and Others 241

    Chapter 18: Ten Things to Know about Investing Apps 243

    Beware of the General Dangers of Putting Apps on Your Cell Phone 244

    Use Apps Only from Proven Companies with Good Reputations and Longevity 244

    Consider the Alternatives to an App 245

    Use thpaee Best Personal Finance Apps to Have More to Invest 245

    Be Skeptical of Investing Apps Offering "Free" Trading 246

    Review Current and Historic Financial and Economic Data 246

    Invest with Leading Fund Providers 247

    Tap into the Best Investment Brokerage Firms 247

    Examine the Best Real Estate Apps 247

    Seek out Good Small-Business Apps 247

    Bonus Chapter: Taking Care With Health Insurance 249

    Index 261