Description
Book SynopsisInvesting for a Lifetime is designed to make saving and investing understandable to the investor. Wharton Professor Richard C. Marston, 2014 recipient of the Investment Management Consultants Association's prestigious Matthew R. McArthur Award, guides an investor through the main investment decisions throughout a lifetime.
Investing for a Lifetime shows:
- how younger investors can set savings goals
- how both younger and older investors can choose investment portfolios to achieve these goals
- how investors can sustain spending once reaching retirement.
Younger and older investors alike should understand savings goals that will provide enough income to sustain spending in retirement. They should devise rates of saving that allow them to reach their goals by the time of retirement. Though retirement is often the main goal of investing, it's not the only one. Marston discusses how funding a child's education or saving for a down payment f
Table of Contents
Preface xi
Acknowledgments xv
Part One Saving and Investing 1
Chapter 1 Introduction: Investing for a Lifetime 3
Chapter 2 The Building Blocks of a Portfolio: Bonds and Stocks 11
Chapter 3 Long Swings in Returns: Are We in a “New Normal?” 23
Chapter 4 A Savings Goal for Retirement 37
Chapter 5 What Rate of Savings? 49
Chapter 6 Savings and Taxes 61
Part Two Investment Choices 73
Chapter 7 Investing in U.S. Stocks 75
Chapter 8 Foreign Stock Markets: Industrial Countries of Europe and the Pacific 89
Chapter 9 Emerging Markets 101
Chapter 10 Investing in Bonds: The Basics 115
Chapter 11 Investing in Bonds: The Wider Bond Market 129
Chapter 12 Investing in Real Estate: REITs 145
Chapter 13 The Home as an Investment 157
Part Three Wealth Management 169
Chapter 14 Choosing a Portfolio: Fitting the Pieces Together 171
Chapter 15 Best Practices for Investing 187
Chapter 16 Investment Income for Retirement 199
Chapter 17 Spending in Retirement 209
Chapter 18 Retirement: Putting Together a Plan 223
Chapter 19 The “New Normal” and Retirement 239
About the Author 249
About the Companion Website 251
Index 253
