Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his over 28-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes's 90-plus-year history. He is the founder, Chairman and CEO of Fisher Investments, an independent global money management firm managing tens of billions for individuals and institutions globally. Fisher is ranked #263 on the 2011 Forbes 400 list of richest Americans and #764 on the 2012 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him among the 30 most influential individuals of the last three decades. Fisher has authored numerous professional and scholarly articles, including the award-winning "Cognitive Biases in Market Forecasting." He has also published eight previous books, including national bestsellers The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do), all published by Wiley. Fisher has been published, interviewed and/or written about in many major American, British and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance and business magazine.
LARA HOFFMANS is Vice President of Content at Fisher Investments, managing editor of MarketMinder.com, a regular contributor to Forbes.com and coauthor of the bestsellers, The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do).
Acknowledgments ix
Chapter 1: What? Me? Retire? 1
The Imagined Dichotomy 3
Two Goals … and Some Non-Goals 4
Definitions and a Pencil 9
Start Immediately. Now. Right Away. 13
Plan Your Prosperity 14
Chapter 2: My Goals Are … What? 17
Why Is This So Hard? 20
Your Investing Goals, Simply 24
Potential Pitfall: Capital Preservation and Growth 26
Inflation’s Insidious Impact 29
Three Percent, Compounded 35
Chapter 3: The Secret Code—Asset Allocation or Benchmark? 37
Benchmark—A Road Map and Measuring Stick 40
Picking a Benchmark 42
The Big Decision—Asset Allocation 45
Potential Pitfall: Age Doesn’t Equal Asset Allocation 49
Benchmark Versus Asset Allocation—What’s the Difference? 50
Chapter 4: Time Horizon—Longer Than You Think 59
Potential Pitfall: Ignoring Opportunity Cost 62
Time Horizon—What Is It? 64
Time Horizon and Benchmark 68
Chapter 5: What’s in a Return? 73
Growth Defi ned 77
The Past as a Guide? 81
Gordon Moore and Endless Innovation 90
Potential Pitfall: Unrealistic Expectations 92
Chapter 6: Getting That Cash Flow 97
Potential Pitfall—The All High-Dividend Portfolio 100
How Much Do You Need? 103
Monte Carlo—Not Just a Casino 107
Let’s Get Bootstrapping 109
Chapter 7: Can I Get There? 117
How Much Do You Have? 120
A Savings Plan 123
Chapter 8: Putting It All Together 131
To Benchmark or Not to Benchmark 134
State Your Goals 136
Know Where You Are 137
Picking an Appropriate Benchmark 138
Finding Professional Help 140
Avoid Being a Fraud Victim 143
And You’re Off! 143
Appendix A: All Hail the Mighty Dow 145
Appendix B: Cash Flow Versus Expenses 155
Appendix C: Expense Categories 161
Appendix D: Personal Balance Sheet 165
Notes 169
About the Authors 173
Index 175
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.