The Only Guide to Alternative Investments You'll Ever Need The Good, the Flawed, the Bad, and the Ugly

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-11-01
  • Publisher: Bloomberg Press
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The rewards of carefully chosen alternative investments can be great. But many investors don't know enough about unfamiliar investments to make wise choices. For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments: Real estate, Inflation-protected securities, Commodities, International equities, Fixed annuities, Stable-value funds, High-yield (junk) bonds, Private equity (venture capital), Covered calls, Socially responsible mutual funds, Precious metals equities, Preferred stocks, Convertible bonds, Emerging market bonds, Hedge funds, Leveraged buyouts, Variable annuities, Equity-indexed annuities, Structured investment products, Leveraged funds The authors describe how the investments work, the pros and cons of each, which to consider, which to avoid, and how to get started. Swedroe and Kizer evaluate each investment in terms of: Expected returns Volatility Distribution of returns Diversification potential Fees Trading and operating expenses Liquidity Tax efficiency Account location Role in an asset-allocation programAny investor who is considering or just curious about investment opportunities outside the traditional world of stocks, bonds, and bank certificates of deposit would be well-advised to read this book.

Author Biography

Larry Swedroe is Principle and Director of Research for Buckingham Asset Management, which manages over US$1.9bn in assets. Buckingham also provides turnkey assets management for more than 110 financial advisory firms in the US. Jared Kizer is an executive at Buckingham Asset Management.

Table of Contents

List of Tables
The Good
Real Estatep. 3
Inflation-Protected Securitiesp. 23
Commoditiesp. 41
International Equitiesp. 63
Fixed Annuitiesp. 79
Stable-Value Fundsp. 91
The Flawed
High-Yield (Junk) Bondsp. 101
Private Equity (Venture Capital)p. 123
Covered Callsp. 135
Socially Responsible Mutual Fundsp. 141
Precious Metals Equitiesp. 147
Preferred Stocksp. 155
Convertible Bondsp. 163
Emerging Market Bondsp. 169
The Bad
Hedge Fundsp. 181
Leveraged Buyoutsp. 213
Variable Annuitiesp. 215
The Ugly
Equity-Indexed Annuitiesp. 229
Structured Investment Productsp. 235
Leveraged Fundsp. 247
Final Thoughtsp. 251
Notesp. 253
Glossaryp. 263
Recommended Readingp. 275
Sources of Datap. 277
Indexp. 279
Table of Contents provided by Blackwell. All Rights Reserved.

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