Personal Investing: The Missing Manual (Paperback)
暫譯: 個人投資:缺失的手冊(平裝本)

Bonnie Biafore, Amy E. Buttell, Carol Fabbri

  • 出版商: O'Reilly
  • 出版日期: 2010-06-22
  • 定價: $770
  • 售價: 2.6$199
  • 語言: 英文
  • 頁數: 252
  • 裝訂: Paperback
  • ISBN: 1449381782
  • ISBN-13: 9781449381783
  • 立即出貨 (庫存 < 3)

買這商品的人也買了...

商品描述

Did your investments take a hit in the recession? You're not alone. Between 2007 and mid-year 2009, the average 401K lost 31% of its value. Ouch. It's time to take control of your investments with Personal Investing: The Missing Manual. Financial experts agree that with the right guidance, consumers can make investments better than many professionals. This lively and easy-to-understand guide gives you the confidence, tools, and insight you need to evaluate financial products and make smart investments that target success over the long term.

You'll learn how to set long-term goals for critical, high-cost events such as retirement, your children's education, and future health care needs. Then you'll learn what types of investments will best help you achieve those goals. In step-by-step fashion, this book shows you how to research mutual funds, stocks, bonds, and other financial products to create a portfolio of diversified investments.

  • Get crystal-clear, practical advice from personal finance expert Bonnie Biafore, author of Missing Manuals on the Quicken personal-finance program and QuickBooks business finance program
  • Understand why you need to invest -- Biafore shows you how savings accounts simply won't outpace inflation or give you the returns you need for long-term goals
  • Learn how to evaluate and buy traditional investments, such as stocks, bonds, and mutual funds
  • Discover lesser-known investments, such as index funds and exchange-traded funds, which cost you less and provide more tax advantages
  • Choose the best funds offered by your employer for your 401K, and learn how to get the greatest tax advantages


How Investing Makes Your Money Work Harder

With inflation’s 3.41% price increases compounding year after year, figuring your expenses produces some galactic numbers. Sadly, you can’t choose whether to accept the compounding of inflation. But what if you could use compounding to inflate the money you save? It turns out that you can, by investing your money and reinvesting all your earnings. You can choose the compounding of the returns you earn on your money, so it’s important to understand just how powerful this strategy is. True, investment returns aren’t as steady as the inflation rate. Some years are better than others, and some years are downright dogs. But for now, assume that your investments increase 7% each year (that’s the return most financial planners tell their clients they can expect on a diversified investment portfolio). Say you seed a retirement account with $10,000, as the table below shows. If you earn 7% the first year, you’ll have $10,700 at the end of the year. The second year, you earn $749 (7% on $10,700) and end up with $11,449. If you earn 7% each year for 40 years (from the time you start working until you retire), you’d have almost $150,000! That’s $140,000 of earnings on a single $10,000 investment.



On the other hand, what if you invested $10,000 and earned 7%, but withdrew each year’s earnings? (That return is called simple interest, because you earn the same amount on your original investment each year.) You’d earn $700 each year for 40 years, for total earnings of $28,000 on your original $10,000 investment. By letting your investment returns compound, your total earnings are five times what you’d earn with simple interest. The graph below shows how your nest egg grows like wildfire when you let your earnings compound.



Compounding is a powerful force, even when the rate is small, as you’ve seen with inflation. But this technique really shines when you earn higher returns, like the 7% from a diversified portfolio, and give your portfolio time to mature. The graph below shows how a $10,000 nest egg grows when you put your money in diversified investments, bonds, money market funds, and savings accounts. Compare the line for inflation to see how investing can help you beat the steady rise in prices. You can see how investments start to take off after 15 years. That’s compounding at work, and that’s why it’s important to start investing for long-term goals as early as you can.



Investing for the Long Term

Although well-diversified investing works like magic when you give it time, it doesn’t make sense for short-term goals. That’s because you have to accept some risk to earn higher returns. Investments in the stock market can decrease during a single year--and do so every several years. The good news is that the risk of losing money decreases the longer you keep your money invested (think decades). During recessions, the stock market can really tank, like the almost 50% drop it suffered in 2001. You wouldn’t want to see half your nest egg go away the year before you retire. However, since 1929, the average annual return on stocks is more than 11% despite battering from the Great Depression and several recessions. Besides, a diversified portfolio isn’t invested solely in the stock market, as you’ll learn in Chapter 9. By investing in stocks, bonds, and real estate, you won’t see drops as big as the ones for stocks alone. Chapters 9, 10, and 11 also tell you how to move money that you need in the next few years into ultrasafe savings so it’s around when you need it. Lots of folks would rather be certain of having a small amount of money than worry about whether a large nest egg might falter right when they need it. You might think that putting money into a guaranteed money market account means you won’t lose money. Think again. If your money doesn’t keep up with inflation, you lose buying power, which is the same as losing money.

商品描述(中文翻譯)

你的投資在經濟衰退中受到影響了嗎?你並不孤單。在2007年至2009年中期之間,平均401K損失了31%的價值。真是痛苦。是時候透過《個人投資:缺失手冊》來掌控你的投資了。金融專家一致認為,在正確的指導下,消費者的投資表現可以超過許多專業人士。這本生動且易於理解的指南為你提供了評估金融產品和進行明智投資所需的信心、工具和洞察力,幫助你在長期內實現成功。

你將學會如何為退休、子女教育和未來醫療需求等關鍵高成本事件設定長期目標。然後,你將了解哪些類型的投資最能幫助你實現這些目標。本書以逐步的方式向你展示如何研究共同基金、股票、債券和其他金融產品,以創建多元化的投資組合。

- 從個人理財專家Bonnie Biafore那裡獲得清晰、實用的建議,她是《Quicken個人理財程序》和《QuickBooks商業財務程序》的缺失手冊的作者
- 了解為什麼你需要投資——Biafore向你展示儲蓄帳戶無法超越通脹或提供你長期目標所需的回報
- 學習如何評估和購買傳統投資,如股票、債券和共同基金
- 發現不太知名的投資,如指數基金和交易所交易基金,這些投資成本較低且提供更多的稅收優惠
- 選擇雇主提供的最佳401K基金,並學習如何獲得最大的稅收優惠

**如何讓投資讓你的錢更努力地工作**

隨著通脹每年以3.41%的價格增長,計算你的開支會產生一些驚人的數字。可悲的是,你無法選擇是否接受通脹的複利。但如果你能利用複利來“膨脹”你所儲蓄的錢呢?事實上,你可以,通過投資你的錢並將所有收益再投資。你可以選擇你在投資中獲得的回報的複利,因此了解這一策略的強大是很重要的。確實,投資回報並不像通脹率那樣穩定。有些年份表現較好,有些年份則表現不佳。但目前假設你的投資每年增長7%(這是大多數財務規劃師告訴客戶的多元化投資組合的預期回報)。假設你用$10,000開設了一個退休帳戶,如下表所示。如果你第一年獲得7%的回報,你在年末將擁有$10,700。第二年,你獲得$749($10,700的7%),最終擁有$11,449。如果你在40年內每年獲得7%的回報(從你開始工作到退休),你將擁有近$150,000!這是對單一$10,000投資的$140,000收益。

另一方面,如果你投資$10,000並獲得7%的回報,但每年提取收益呢?(這種回報稱為“簡單利息”,因為你每年在原始投資上獲得相同的金額。)你將在40年內每年獲得$700,總收益為$28,000,基於你原始的$10,000投資。通過讓你的投資回報複利,你的總收益是簡單利息的五倍。下圖顯示了當你讓收益複利時,如何迅速增長你的資金。

複利是一種強大的力量,即使利率很小,正如你在通脹中所見。但當你獲得更高的回報時,例如來自多元化投資組合的7%,這一技術的優勢更為明顯,並且給你的投資組合留出時間來增長。下圖顯示了當你將資金投入多元化投資、債券、貨幣市場基金和儲蓄帳戶時,$10,000的資金如何增長。比較通脹的線條,看看投資如何幫助你超越穩定的價格上漲。你可以看到,投資在15年後開始迅速增長。這就是複利的作用,這就是為什麼儘早開始為長期目標投資是如此重要。

**長期投資**

雖然良好的多元化投資在給予時間時如魔法般有效,但對於短期目標來說並不合理。這是因為你必須接受一些風險才能獲得更高的回報。股市的投資在單一年份內可能會下降——而且每幾年就會發生一次。好消息是,隨著你將資金投資的時間越長,損失金錢的風險會降低(想想幾十年)。在經濟衰退期間,股市可能會大幅下跌,例如2001年幾乎下降了50%。你不會希望在退休前一年看到你的一半資金消失。然而,自1929年以來,儘管經歷了大蕭條和幾次經濟衰退,股票的平均年回報率仍超過11%。此外,多元化的投資組合並不僅僅投資於股市,正如你在第9章中將學到的。通過投資於股票、債券和房地產,你不會看到像僅僅股票那樣的大幅下跌。第9、10和11章還告訴你如何將你在未來幾年內需要的資金轉移到超安全的儲蓄中,以便在需要時能夠使用。許多人寧願確保擁有一小筆資金,也不想擔心一大筆資金在他們需要時可能會出現問題。你可能會認為將資金放入保證的貨幣市場帳戶意味著你不會損失資金。再想想。如果你的資金無法跟上通脹,你將失去購買力,這與損失資金是相同的。