The Everything Guide to Investing in Your 20s & 30s: Your Step-by-Step Guide to: * Understanding Stocks, Bonds, and Mutual Funds * Maximizing Your 401(k) * Setting Realistic Goals * Recognizing the Risks and Rewards of Cryptocurrencies * Minimizing Your I

The Everything Guide to Investing in Your 20s & 30s: Your Step-by-Step Guide to: * Understanding Stocks, Bonds, and Mutual Funds * Maximizing Your 401(k) * Setting Realistic Goals * Recognizing the Risks and Rewards of Cryptocurrencies * Minimizing Your I

by Joe Duarte

Paperback(2nd ed.)

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Overview

All you need to know about investing safely and smartly, with new information on the latest options—from cryptocurrencies to social media IPOs—in this comprehensive and updated guide to understanding the current market, setting realistic goals, and achieving financial success.

The best time to start investing is now—even as little as a few years can make a difference of hundreds of thousands of dollars by the time retirement comes around. Investing early in your career is the best way to ensure a secure and successful life all the way through retirement.

For years, The Everything Guide to Investing in Your 20s and 30s has been guiding young professionals on how to capitalize on the investing market and make the most out of their money. This all-new and fully updated edition includes all of the tips, tricks, and investing knowledge while also explaining:

—New technological investing options
—How the changing political climate affects your money
—What the rising interest rates mean
—Active investing versus passive investing

The Everything Guide to Investing in Your 20s and 30s teaches you how to maximize your investing strategy and make your money work for you. Don’t wait. Start investing today!

Product Details

ISBN-13: 9781507210307
Publisher: Adams Media
Publication date: 05/07/2019
Series: Everything Series
Edition description: 2nd ed.
Pages: 304
Sales rank: 23,248
Product dimensions: 7.90(w) x 8.90(h) x 1.00(d)

About the Author

Joe Duarte is a market analyst, trader, investor, and money manager. One of CNBC’s original Market Mavens, Dr. Duarte has been writing about and analyzing global events since 1990. His articles and commentary have been featured on Marketwatch.com, Barron’s, Smart Money, Medical Economics, and more. Dr. Duarte is a board-certified anesthesiologist, and former President of River Willow Capital Management where he managed individual accounts. His combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets have offered a unique blend of insight and information to thousands of active investors around the world on a daily basis, and he has been quoted in the major media, including CNBC, The Wall Street Journal, Associated Press, and CNN.com.

Table of Contents

Introduction 11

Chapter 1 Are You Ready to Become an Investor? 13

Can You Afford to Invest? 14

Know Your Risk Profile 16

Setting Realistic Goals and Timetables 18

How Much Will You Need to Get Started? 20

Know Before You Invest 23

The Basics of Market Analysis 26

Evaluate and Adjust Your Approach 28

The "Ready to Invest" Test 29

Chapter 2 Steps to Grow Your Nest Egg 31

Give Your Finances a Physical 32

Artful Budgeting 35

Personal Finance Software and Apps 40

Develop a Progress Checklist 42

Chapter 3 A Quick and Dirty Overview of the Twenty-First-Century Economy and Investment Vehicles 45

How Economic Activity Affects Everything 46

Interest Rates Should Interest You 49

Important Numbers and Reports to Watch 53

Stocks, Bonds, and Mutual Funds 56

Fundamental and Technical Market Analysis 59

Technical Analysis 61

Chapter 4 A Close Look at Stocks 65

The Exchanges 66

Who Polices the Store? 67

What Stocks Really Are 68

Stock Indexes 68

Types of Stocks 70

Sizing Up Individual Stocks 72

Important Market Sectors 75

Penny Stocks 76

Chapter 5 Choosing Stocks to Buy 77

Five Points That Make a great company 78

Buy What You Know and Know What You Buy 82

Know Where You Are in the Market Cycle 87

Technical Analysis: The Art Of Reading Price Charts 90

Chapter 6 Buying Stocks and Monitoring Progress 91

Investment Clubs 92

Dividend Reinvestment Plans (Drips) 92

Who Will Do The Investing? 93

Your Buy List 95

Executing Stock Trades 98

Managing Your Money 100

The Buyer's Checklist 102

Chapter 7 Bonds: The Glue That Holds Financial Markets Together 103

What Is a Bond? 104

What Makes Bonds Risky? 106

Corporate Credit Check: Know the Bond Ratings 108

Prices and Yields 109

Buying and Selling Bonds 110

Chapter 8 Types of Bonds 111

Categories of Bonds 112

US Treasury Securities 112

Municipal Bonds 114

Corporate Bonds 116

Bond Calis 118

Zero-Coupon Bonds 118

High-Yield Bonds 119

Mortgage-Backed Securities 120

The Bond Investor Checklist 121

Chapter 9 The Mutual Funds The Beginner's Best Friend 123

What Is a Mutual Fund? 124

Why Mutual Fund Investing Is a Good Thing for Investors 125

Is It All about the Fund Manager? 126

Mutual Fund Families 128

Expenses, Loads, and Other Fees 130

Making Sense of Fund Reports 133

Different Approaches to Mutual Fund Investing 134

Dollar Cost Averaging: Buying During Good and Bad Times 135

Chapter 10 The Large Universe of Mutual Funds 137

Index Funds 138

Growth Funds versus Income Funds 138

Value Funds 140

Considering Sector Funds 141

Balanced Funds and Built-In Asset Allocation 142

International and Global Funds 143

Small-Cap, Mid-Cap, and Large-Cap Funds 144

Bond Funds 145

Mutual Fund Investing Checklist 147

Chapter 11 Combining Funds for Performance 149

Your Risk Tolerance 150

Diversification Is Your Friend 151

Considering Your Choices 153

Parsing Past Performance 156

Six Fund Investment Strategies 158

Tracking Your Funds' Performance 160

When To Sell 161

The Fund Monitoring Checklist 161

Chapter 12 Exchange-Traded Funds 163

What Are ETFs? 164

ETFs Versus Mutual Funds 165

What Kinds of Investments Can You Make Through ETFs? 167

Animal Crackers and Geometry: Spiders, Vipers, Diamonds, and Cubes 168

Choosing Wisely 169

Recognizing Special Situations 171

Buying and Selling ETFs 172

Tracking Your ETFs 175

Chapter 13 Investing with Your Conscience 177

What Are Socially Responsible Investments? 178

Socially Conscious Stocks 179

Green Bonds 180

Green and Socially Responsible Funds 181

Your Socially Responsible Portfolio 185

Chapter 14 Real Estate Investing: Getting Grounded and Rated 187

The Basics of the Real Estate Game 188

Using Leverage 188

Choosing the Most Profitable Real Estate 190

The Fix and Flip Business Model 191

Building Wealth Through Rental Properties 194

The Management Challenge 196

Real Estate Investment Trusts 198

Chapter 15 Taking More Risks 201

The Two Faces of Risk 202

Selling Short and Using Margin 202

Initial Public Offerings 204

Sector Investing 206

Commodities and Precious Metals 207

Trading Currencies 209

Derivatives and Options 212

Employee Stock Options 214

Trading Futures 215

The Strange World of Cryptocurrencies 215

Chapter 16 Working with a Financial Advisor 217

What Kind of Advice Do You Need? 218

What Can You Expect from a Financial Advisor? 219

Shopping for the Right Financial Advisor 221

How Much Will It Cost? 224

How to Find an Advisor 226

Chapter 17 Doing It Yourself 227

How Much Work Are You Willing to Do? 228

Online Investing 228

The Dangers of Online Investing 232

Investing with Apps 234

What to Look for in an Investment Website 236

Useful Investment Websites 238

Chapter 18 Investment Taxes 241

General Changes in the 2018 Tax Law 242

How Taxes Affect Your Portfolio 242

Types of Investment Taxes 243

Crafting Your Investment Tax Strategy 244

Methods for Reducing Your Tax Liability 247

Understanding Legal Tax Shelters 251

Chapter 19 Investing for Education 253

Start Planning for Tuition Now 254

Tax-Sheltered Education Savings Plans 254

The 529 Plans 255

Coverdell Education Savings Accounts 256

Prepaid Tuition Plans: Are They Worth It? 258

Education Bonds and CDs 259

Chapter 20 Retirement Planning 263

The Genius of Tax-Deferred Investing 264

It's Never Too Early to Start 265

The 401(k) Plan 266

Individual Retirement Accounts (IRAs) 269

Health Savings Accounts (HSAs) 272

Time and Focus Are Your Best Allies 273

Appendix A Online and Discount Brokers 275

Appendix B Investment Publications 277

Appendix C Glossary of Terms 281

Index 293

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