9780470605271

7Twelve : A Diversified Investment Portfolio with a Plan

by
  • ISBN13:

    9780470605271

  • ISBN10:

    0470605278

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 8/9/2010
  • Publisher: Wiley
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Summary

A proven way to put together a portfolio that enhances performance and reduces riskProfessor Craig Israelsen of Brigham Young University is an important voice in the area of asset allocation. The reason? He keeps things simple. Now, in 7Twelve, he shows you how to do the same, and demonstrates how his approach to investing can help you grow your money as well as protect it.7Twelve outlines a multi-asset balanced portfolio that is a logical starting point when assembling a portfolio-either as the blueprint for the entire portfolio or as a significant building block. Page by page, he will show you how to create a balanced portfolio utilizing multiple asset classes to enhance performance and reduce risk. Discusses how the 7Twelve portfolio includes seven core asset classes and utilizes twelve specific mutual funds or exchange traded funds Details the tax efficiency of this specific investment approach Shows you how to use the 7Twelve portfolio as a pre-retirement accumulation portfolio or a post-retirement distribution portfolioIf you want to build a well-balanced, multi-asset portfolio, 7Twelve is the book for you.

Author Biography

CRAIG L. ISRAELSEN, PhD, is an Associate Professor at Brigham Young University (BYU) in Provo, Utah, where he teaches personal and family finance to over 1,200 students each year. He holds a PhD in family resource management from BYU and received a BS in agribusiness and an MS in agricultural economics from Utah State University. Prior to teaching at BYU, Israelsen was on the faculty of the University of Missouri–Columbia for fourteen years where he taught personal and family finance in the Department of Personal Financial Planning.

Table of Contents

Forewordp. xi
Prefacep. xiii
Acknowledgmentsp. xvii
A Recipe for Successp. 1
The 7Twelve Recipep. 2
Salsa Anyone?p. 4
U.S. Stockp. 7
Non-U.S. Stockp. 12
Real Estatep. 15
Resourcesp. 16
U.S. Bondsp. 19
Non-U.S. Bondsp. 21
Cashp. 22
The Complete Recipep. 23
Lining up the Ingredientsp. 29
A Recipe that goes Waaay Backp. 32
Getting Better and Betterp. 34
The More Ingredients, the Betterp. 37
Measuring Volatility and Riskp. 38
Diversification by Designp. 40
Diversification Requires Depth and Breadthp. 48
Growth of Moneyp. 53
Why Measure Growth of Money?p. 54
Expect ups and Downsp. 56
Combining Ingredients that Zig and Zagp. 63
Getting Close to Zerop. 64
Finding Assets that Play Nicely Togetherp. 65
Don't Forget Broad Diversificationp. 68
Quantifying Correlationp. 73
Stirring the Mixp. 79
Rebalancing versus Buy-and -Holdp. 80
Choosing a Schedulep. 86
Adjusting the Secret Saucep. 89
The Saving Years and the Spending Yearsp. 91
How Portfolio Mechanics Change in the Golden Yearsp. 94
Allocation Age versus Chronological Agep. 96
Life Stage Portfoliosp. 98
How Long will My Nest Egg Last?p. 105
Survival of the Fittestp. 106
Reviewing the Nest Egg Guidelinesp. 113
Should I Tilt toward Value or Growth?p. 117
Does it make a Difference?p. 118
The 7Twelve's Value Biasp. 125
Should I Jump in or Let the Pot Simmer?p. 129
To Stir or not to Stir?p. 130
The 7Twelve Works Both Waysp. 133
But if you Still can't DecideÓp. 135
A Better 401(K)p. 137
Switching the Defaultp. 137
Introducing Target Date Funds and Balanced Fundsp. 138
The 7Twelve Portfolio Approachp. 139
Determining your Lifecycle Phasep. 144
Mismatch 101p. 147
The Problem of Undersavingp. 151
Chasing Returns is a Loser's Gamep. 152
Add Plenty of Patience, Perspective, and Persistencep. 156
Of Stocks, Bonds, and Riskp. 159
A Tale of Two Time Framesp. 159
The "Diversification" Premiump. 166
Assembling your Portfoliop. 171
3 Secrets + 4 Principles = 7Twelve Perfectionp. 181
About the Authorp. 187
Indexp. 189
Table of Contents provided by Ingram. All Rights Reserved.

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