{"product_id":"7twelve-9780470605271","title":"7Twelve","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA proven way to put together a portfolio that enhances performance and reduces risk\u003c\/b\u003e  \u003cp\u003eProfessor Craig Israelsen of Brigham Young University is an important voice in the area of asset allocation. The reason? He keeps things simple. Now, in \u003ci\u003e7Twelve,\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003e\u003ci\u003e7Twelve\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses how the 7Twelve portfolio includes seven core asset classes and utilizes twelve specific mutual funds or exchange traded funds\u003c\/li\u003e \u003cli\u003eDetails the tax efficiency of this specific investment approach\u003c\/li\u003e \u003cli\u003eShows you how to use th\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“Craig Israelsen has an interesting idea: Let's leave 1950 behind. The associate professor at Brigham Young University\u003chttp:\u003e in Utah\u003chttp:\u003e thinks it's time to include the world outside the United States, among other things, in our investments rather than just talk about it . . . . This is accomplished with what Israelsen dubs the ‘7Twelve Balanced Fund.’ Rather than just domestic stocks and bonds, the new benchmark has seven asset classes. Those asset classes, in turn, are subdivided into a dozen subsets, all held in equal amounts. The payoff is huge. Over the last 10 years, his better balanced index provided a return of 7.52 percent annualized. The Vanguard Balanced Index fund did better than nearly 60 percent of its managed competitors but returned only 2.64 percent over the same period. That 7.52 percent return would have ranked Israelsen's passive index in the top 2 percent of all moderate allocation funds. Indeed, it would have ranked in the top 30 percent of all world allocation funds - funds that do invest in a broader menu of assets . . . . This is no guarantee of investment nirvana, but it's a good start for a new millennium.”—Scott Burns, Syndicated Columnist, Dallas Morning News (March 27, 2010)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword.  \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1\u003c\/b\u003e \u003cb\u003eA Recipe for Success.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 7Twelve Recipe.\u003c\/p\u003e \u003cp\u003eSalsa Anyone?\u003c\/p\u003e \u003cp\u003eU.S. Stock.\u003c\/p\u003e \u003cp\u003eNon–U.S. Stock.\u003c\/p\u003e \u003cp\u003eReal Estate.\u003c\/p\u003e \u003cp\u003eResources.\u003c\/p\u003e \u003cp\u003eU.S. Bonds.\u003c\/p\u003e \u003cp\u003eNon–U.S. Bonds.\u003c\/p\u003e \u003cp\u003eCash.\u003c\/p\u003e \u003cp\u003eThe Complete Recipe.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2\u003c\/b\u003e \u003cb\u003eLining Up the Ingredients.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Recipe That Goes Waaay Back.\u003c\/p\u003e \u003cp\u003eGetting Better and Better.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3\u003c\/b\u003e \u003cb\u003eThe More Ingredients, the Better.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Volatility and Risk.\u003c\/p\u003e \u003cp\u003eDiversification by Design.\u003c\/p\u003e \u003cp\u003eDiversification Requires Depth \u003ci\u003eand\u003c\/i\u003e Breadth.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4\u003c\/b\u003e \u003cb\u003eGrowth of Money.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Measure Growth of Money?\u003c\/p\u003e \u003cp\u003eExpect Ups and Downs.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5\u003c\/b\u003e \u003cb\u003eCombining Ingredients That Zig \u003ci\u003eand\u003c\/i\u003e\u003c\/b\u003e \u003cb\u003eZag.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Close to Zero.\u003c\/p\u003e \u003cp\u003eFinding Assets That Play Nicely Together.\u003c\/p\u003e \u003cp\u003eDon't Forget Broad Diversification.\u003c\/p\u003e \u003cp\u003eQuantifying Correlation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6\u003c\/b\u003e \u003cb\u003eStirring the Mix.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRebalancing versus Buy-and-Hold.\u003c\/p\u003e \u003cp\u003eChoosing a Schedule.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7\u003c\/b\u003e \u003cb\u003eAdjusting the Secret Sauce.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Saving Years and the Spending Years.\u003c\/p\u003e \u003cp\u003eHow Portfolio Mechanics Change in the Golden Years.\u003c\/p\u003e \u003cp\u003eAllocation Age versus Chronological Age.\u003c\/p\u003e \u003cp\u003eLife Stage Portfolios.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8\u003c\/b\u003e \u003cb\u003eHow Long Will My Nest Egg Last?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSurvival of the Fittest.\u003c\/p\u003e \u003cp\u003eReviewing the Nest Egg Guidelines.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9\u003c\/b\u003e \u003cb\u003eShould I Tilt toward Value or Growth?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDoes It Make a Difference?\u003c\/p\u003e \u003cp\u003eThe 7Twelve's Value Bias\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10\u003c\/b\u003e \u003cb\u003eShould I Jump in or Let the Pot Simmer?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTo Stir or Not to Stir?\u003c\/p\u003e \u003cp\u003eThe 7Twelve Works Both Ways.\u003c\/p\u003e \u003cp\u003eBut If You \u003ci\u003eStill\u003c\/i\u003e Can't Decide . . .\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11\u003c\/b\u003e \u003cb\u003eA Better 401(K).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSwitching the Default.\u003c\/p\u003e \u003cp\u003eIntroducing Target Date Funds and Balanced Funds.\u003c\/p\u003e \u003cp\u003eThe 7Twelve Portfolio Approach.\u003c\/p\u003e \u003cp\u003eDetermining Your Lifecycle Phase.\u003c\/p\u003e \u003cp\u003eMismatch 101.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12\u003c\/b\u003e \u003cb\u003eThe Problem of Undersaving.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChasing Returns Is a Loser's Game.\u003c\/p\u003e \u003cp\u003eAdd Plenty of Patience, Perspective, and Persistence.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13\u003c\/b\u003e \u003cb\u003eOf Stocks, Bonds, and Risk.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Tale of Two Time Frames.\u003c\/p\u003e \u003cp\u003eThe \"Diversification\" Premium.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Assembling Your Portfolio.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 3 Secrets + 4 Principles = 7Twelve Perfection.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\u003c\/http:\u003e\u003c\/http:\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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