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Protect Your Wealth from the Ravages of Inflation [electronic resource] : A Three-Step Method / by Paul M. King.

Author/Creator:
King, Paul M. author., Author,
Publication:
Berkeley, CA : Apress : Imprint: Apress, 2011.
Format/Description:
Book
1 online resource (139 p.)
Edition:
1st ed. 2011.
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Subjects:
Business.
Management science.
Local subjects:
Business and Management, general. (search)
Language:
English
System Details:
text file
Summary:
Protect Your Wealth from the Ravages of Inflation is for people who have financial assets to protect in an unpredictable, inflationary environment. Maybe you have tried traditional financial advice, financial planning, and passive investment management techniques and you're still losing ground. Maybe you're worried that by the time you need to use it, your retirement fund will be worth less than your total contributions. Maybe you believe that high inflation will significantly decrease your standard of living in the future. Maybe all of these issues apply to you. Don't despair; help is at hand. Protect Your Wealth from the Ravages of Inflation is a concise, no-nonsense, straightforward guide that will help you to do three things:  1. Ensure that your emergency fund will still have some purchasing power when you need it. Emergency funds sitting in checking accounts, or near-cash investments, will just be eaten away by inflation. There is a better way to give you access to the cash you need when you need it. This book shows you how.  2. Insulate you from significant changes in the strength of your home currency. If all your income and expenses are in a single currency like the U.S. dollar, you run a significant risk that your home-country currency will lose value. Currency risk in your income-purchasing power and working capital is often overlooked until it's too late to do anything about it. This book deals with this issue and gives you easy-to-follow advice to protect the value of your money.  3. Generate a better risk-adjusted return in your investment accounts. Buying a basket of stocks and mutual funds and then performing the traditional “annual rebalancing of a diversified portfolio” just doesn't generate the returns most people require from their investments. This book shows you simple, powerful, and sophisticated techniques you can use to manage your investment accounts more effectively—and without making it a full-time job. Protect Your Wealth from the Ravages of Inflation can't guarantee that you will meet your financial goals, but it can guarantee that your odds of success will be significantly increased if you follow its advice. The book: Explains why traditional investing methods virtually guarantee a negative rate of return in real terms. Illustrates the pernicious effect of inflation on an average investor's portfolio—and why an inflationary period may be in the offing. Provides a three-step process to withstand emergencies, protect your liquid assets, and produce a superior risk-adjusted return on a stock portfolio compared with conventional investing methods.  .
Contents:
Title Page; Copyright Page; Dedication Page; Table of Contents; About the Author; Acknowledgments; Acronyms, Abbreviations, and Symbols; Introduction; Protect; Wealth; Inflation; In Summary; CHAPTER 1 Financial Fitness What Does It Mean to Be Financially Fit?; Balance Sheet; Mr. and Mrs. Unfit; Miss Borderline; Mr. and Mrs. Fit; Cash Flow Statement; Increasing Income: An Alternative View; Reducing Expenses: An Alternative View; In Summary; CHAPTER 2 Inflation: What's the Problem? If Your Finances Are Fit, Why Should You Worry?
The Problem of Reduced Purchasing Power and Negative Real Interest RatesWhy Inflation Is Inevitable; Drilling Down on the CPI; The Single-Currency "Problem"; Who's in Charge, You or the Financial Industry?; Mr. and Mrs. Fit Visit a Broker/Advisor; How the Market Has Really Done; In Summary; CHAPTER 3 Step 1: Set Up an Emergency Fund Protect the Purchasing Power of Your Emergency Cash; Increase Your Emergency Fund by the Same Rate That Your Expenses Go Up; The Simple Solution: Precious Metals; An Inflation-Proof Emergency Fund That Maintains Purchasing Power; How GoldMoney Works
Mr. & Mrs. Fit Establish an Emergency FundGold vs. the Dollar; An Alternative Solution, for People with Home Equity to Spare; In Summary; CHAPTER 4 Step 2: Make Savings and Working Capital Work for You How to Maintain an Acceptable Real Rate of Return in Different Interest Rate Environments; A Positive Real Interest Rate Environment: What to Do; A Low or Negative Real Interest Rate Environment: What to Do; Historical Results; In Summary; CHAPTER 5 Step 3: Generate a Good Risk-Adjusted Return on Investments How to Successfully Manage Your Own Investment Accounts
How to Measure Risk-Adjusted Return EffectivelyLet's Look at Return; Let's Look at Risk; Don't Even Think About Trying to Manage Your Retirement Account; Mr. and Mrs. Fit Visit a Casino; If You Do Want to Manage Your Own Investment Accounts, Don't Use FARCE; "Trading" vs. "Investing"; Market Selection; Instrument Filter; Setup Conditions; Entry Signal; Position Sizing; Exit Strategy; Putting It All Together; A Simplified Trend-Capturing Method; Market Selection; Instrument Filter; Setup Conditions; Entry Signal; Position Sizing; Why Only 2% Risk per Trade?; Exit Strategy
Mr. and Mrs. Fit Become Part-Time Portfolio ManagersIn Summary; CHAPTER 6 Taking Control Procrastination Is a Leading Cause of Failure, So Take Action Now; Achieve Financial Fitness; Create an Emergency Fund; Fund a Savings Account; Manage Your Investment Accounts; What Could Go Wrong?; It's No Longer Legal for Citizens of Your Country to Own Precious Metals; GoldMoney Or Your Metals Broker Goes Out of Business; Some of the Major Currencies Become Defunct; Some of the Precious Metals ETFs No Longer Exist or Have Very Low Volume
Some of the ETFs in Your Investment Portfolio No Longer Exist or Have Very Low Volume
Notes:
Description based upon print version of record.
Includes bibliographical references and index.
ISBN:
1-4302-3823-2
OCLC:
759497201
Publisher Number:
10.1007/978-1-4302-3823-2 doi