The Perfect Portfolio
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| Author | : Andrew W. Lo |
| Publisher | : Princeton University Press |
| Total Pages | : 414 |
| Release | : 2021-08-17 |
| Genre | : Business & Economics |
| ISBN | : 0691215200 |
Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world,Jack Bogle, Charley Ellis, Gene Fama, Marty Liebowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries, which include six Nobel Laureates and a trailblazer in mutual funds, and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today's investor
| Author | : Leland B. Hevner |
| Publisher | : John Wiley & Sons |
| Total Pages | : 304 |
| Release | : 2009-03-23 |
| Genre | : Business & Economics |
| ISBN | : 0470401745 |
Today's world of personal investing is not a friendly place. Individuals are assaulted with an unending barrage of financial news, "expert" advice, investing tools, trading systems, and more, to the point where they are overwhelmed. As a result, most people simply entrust their portfolios to third-party advisers and, in doing so, lose control of their financial security. Nobody is more familiar with this situation than author Leland Hevner. As President of the National Association of Online Investors (naoi.org) and a longtime educator in this field, he understands that to succeed in today's chaotic markets you don't need more news, advice, or analysis tools. Instead, you need a completely new and simpler approach to building an effective portfolio on your own one that includes updated investing concepts and dramatically new ways of looking at the market. That's why he created The Perfect Portfolio. Written in a straightforward and accessible style, this reliable resource shows you, step by step, how to use a revolutionary approach to investing called the Perfect Portfolio Methodology (PPM). Developed by Hevner over the course of his successful career and based on input from hundreds of individual investors, the PPM allows you to capture incredible returns under any market condition without exposing yourself to unacceptable risk or requiring you to devote an extraordinary amount of time to the investing process. The journey to creating your unique Perfect Portfolio is divided into three parts: Part I reveals the problems faced by today's investors, outlines a new approach for solving them, and gets you started by showing how to design the Core Segment or foundation of your Perfect Portfolio Part II details how to "supercharge" your Perfect Portfolio's returns by adding a Target Market Segment consisting of five newly defined asset classes Part III illustrates how you can bring the Core and Target Market Segments together to form a Perfect Portfolio that meets your unique investing profile and current market conditions This is a book that financial advisers will not want you to read. Why? Because it takes them out of the loop by empowering you to make informed and profitable investing decisions on your own. The Perfect Portfolio places the power to control your wealth firmly in your hands, where it belongs. The Perfect Portfolio is more than just a book. It also includes a supplemental online component you can access via the Web at www.perfectportfoliobook.com. The use of this resource is not required to take full advantage of the book's content, but the information and tools presented in the online component can enhance your overall learning experience.
| Author | : Michael Kaye |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 241 |
| Release | : 2007-10-11 |
| Genre | : Business & Economics |
| ISBN | : 0071479341 |
Many people devote their time to choosing “the right” stocks. Yet they bypass an important step that will have an even greater impact on their portfolio’s performance: asset allocation. The Standard & Poor’s Guide to the Perfect Portfolio is the definitive road map to diversifying your financial holdings in order to get the highest returns with the lowest risk and ensure a secure financial future. You can beat 90% of money managers with a properly balanced portfolio of mixed investment classes. Investment expert and columnist Michael Kaye presents a clear and reliable approach to asset allocation. He helps investors at every level to better understand all the major investment products available and how to best use them to achieve investor’s specific goals. Kaye shows you five essential steps to allocate your assets: Identify your goals and objectives Choose the right asset classes for your portfolio Determine how much of your assets belong in each class Pick your investment products Monitor your portfolio and make adjustments as needed The Standard & Poor’s Guide to the Perfect Portfolio is packed with examples of portfolio mixes that illustrate many ways to balance your assets based on different risk profiles and investment goals. A range of relevant, reliable advice shows you how to successfully consider such factors as where you are in your career, what your financial needs are, and your personal tolerance to risk.
| Author | : Jon Lukomnik |
| Publisher | : Routledge |
| Total Pages | : 175 |
| Release | : 2021-04-29 |
| Genre | : Business & Economics |
| ISBN | : 100037615X |
Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.
| Author | : Edwin J. Elton |
| Publisher | : John Wiley & Sons |
| Total Pages | : 748 |
| Release | : 2009-11-16 |
| Genre | : Business & Economics |
| ISBN | : 0470388323 |
An update of a classic book in the field, Modern Portfolio Theory examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. Readers will also discover the strengths and weaknesses of modern portfolio theory as well as the latest breakthroughs.
| Author | : Craig L. Israelsen |
| Publisher | : John Wiley & Sons |
| Total Pages | : 164 |
| Release | : 2010-07-02 |
| Genre | : Business & Economics |
| ISBN | : 0470649879 |
A proven way to put together a portfolio that enhances performance and reduces risk Professor 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 portfolio If you want to build a well-balanced, multi-asset portfolio, 7Twelve is the book for you.
| Author | : Craig Rowland |
| Publisher | : John Wiley & Sons |
| Total Pages | : 358 |
| Release | : 2012-10-09 |
| Genre | : Business & Economics |
| ISBN | : 1118288254 |
An up close look at an investment strategy that can handle today's uncertain financial environment Market uncertainty cannot be eliminated. So rather than attempt to do away with it, why not embrace it? That is what this book is designed to do. The Permanent Portfolio takes you through Harry Browne's Permanent Portfolio approach—which can weather a wide range of economic conditions from inflation and deflation to recession—and reveals how it can help investors protect and grow their money. Written by Craig Rowland and Mike Lawson, this reliable resource demonstrates everything from a straightforward four-asset Exchange Traded Fund (ETF) version of the strategy all the way up to a sophisticated approach using Swiss bank storage of selected assets for geographic and political diversification. In all cases, the authors provide step-by-step guidance based upon personal experience. This timeless strategy is supported by more than three decades of empirical evidence The authors skillfully explain how to incorporate the ideas of the Permanent Portfolio into your financial endeavors in order to maintain, protect, and grow your money Includes select updates of Harry Browne's Permanent Portfolio approach, which reflect our changing times The Permanent Portfolio is an essential guide for investors who are serious about building a better portfolio.
| Author | : Richard C. Marston |
| Publisher | : John Wiley & Sons |
| Total Pages | : 374 |
| Release | : 2011-03-29 |
| Genre | : Business & Economics |
| ISBN | : 047093123X |
Portfolio Design – choosing the right mix of assets appropriate to a particular investor – is the key to successful investing. It can help you accumulate wealth over time, while cushioning the blow of possible economic downturns. But in order to successfully achieve this goal, you need to be familiar with all of the major asset classes that go into modern portfolios and learn how much they add to portfolio diversification. Thoughtful asset allocation provides discipline to the investment process and gives you the best chance of building and safeguarding wealth. Wharton Professor Richard C. Marston, 2014 recipient of the Investment Management Consultants Association’s prestigious Matthew R. McArthur Award, will guide you through the major decisions that need to be made when designing a portfolio and will put you in the best position to balance the risk-reward relationship that is part of this endeavor. Portfolio Design is to be read by investment advisors. The book is rich in information about individual asset classes, including both traditional assets like stocks and bonds as well as alternative assets such as hedge funds, private equity, real estate, and commodities. So it should appeal to all sophisticated advisors whether or not they are trying to qualify for one of the major investment designations. In fact, the book is designed to be read by any advisor who is as fascinated as Marston by the investment process.
| Author | : John Y. Campbell |
| Publisher | : OUP Oxford |
| Total Pages | : 272 |
| Release | : 2002-01-03 |
| Genre | : Business & Economics |
| ISBN | : 019160691X |
Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists. Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about risks to wealth one period ahead. However, many investors—-both individuals and institutions such as charitable foundations or universities—-seek to finance a stream of consumption over a long lifetime. In addition, mean-variance analysis treats financial wealth in isolation from income. Long-term investors typically receive a stream of income and use it, along with financial wealth, to support their consumption. At the theoretical level, it is well understood that the solution to a long-term portfolio choice problem can be very different from the solution to a short-term problem. Long-term investors care about intertemporal shocks to investment opportunities and labor income as well as shocks to wealth itself, and they may use financial assets to hedge their intertemporal risks. This should be important in practice because there is a great deal of empirical evidence that investment opportunities—-both interest rates and risk premia on bonds and stocks—-vary through time. Yet this insight has had little influence on investment practice because it is hard to solve for optimal portfolios in intertemporal models. This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.
| Author | : Robert G. Hagstrom |
| Publisher | : John Wiley & Sons |
| Total Pages | : 260 |
| Release | : 2000-11-20 |
| Genre | : Business & Economics |
| ISBN | : 9780471392644 |
Der Fortsetzungstitel zu "The Warren Buffett Way" vom gleichen Autor. Hagstrom gilt in der Investmentbranche als ausgezeichneter Analytiker, der zudem die Fahigkeit besitzt, komplizierte Sachverhalte einfach und verstandlich zu vermittlen. Das Kernthema des Buches hei?t Focus Investing. Hagstrom erklart anschaulich, was man unter 'Focus Investing' versteht, wie diese Anlagestrategie funktioniert, und wie jeder Anleger sie nutzen kann. Daruber hinaus demonstriert er, wie Buffett seine Aktien zu einem 'Focus Portfolio' zusammenstellt, und warum diese Methode fur Buffetts au?ergewohnliche Gewinne ebenso entscheidend ist, wie die Auswahl der einzelnen Aktienwerte. Auch diese Technik, die hervorragende Ergebnisse verspricht, wird genau erlautert. Hagstrom beschreibt Philosophie und Strategien des Focus Investing ausfuhrlich und zeigt, wie man sie in die Praxis umsetzt. Dabei greift er auf den gro?en Erfahrungsschatz einer Reihe von Experten zuruck, wie z.B. Warren Buffett, John Maynard Keynes, Philip Fisher, Bill Ruane, Lou Simpson und Charlie Munger.
