Your elementary-primer recommends for the not inspired or unknowing, into the world of investing I'm making a list of books and web sites to promote towards the "why in hell would I want to be an investor" folks I know.
The target age range is mostly 25-50 years old, BUT needs to include the young ones, too. Some of the folks who will receive information from me are retired, but may pass along the information to their adult children and hopefully to the grand children. The could be named, "Investing for the unaware or the afraid"
The criteria, somewhat; by areas:
As an example, I can't be taking these folks into a 3rd year session of learning French; as they have not yet had the basics from beginning French, at day one. I need to keep this on the simple side in the beginning to maintain their interest. Yes, investing is a learning curve and an ongoing study; but I don't want them to feel overwhelmed and quit the journey. I anticipate not much better than a 10% survival rate, sadly.............
--- A budget and spending habits
--- Very basic overview of how the economy functions
--- Overview of investment types/descriptions, although the direction would tend towards mutual funds; as this would be the most common form available for most
--- The reasons for investing in a 401k/403b/Traditional or Roth IRA's
NOTE: Two items that I already have in place, is Ray Dalio, "How the economic machine works" (free, 31 minutes, Youtube); and "The millionaire next door" (spending habits, budgeting)......book.
I have not yet reviewed Youtube again; but there are indeed very useful pieces there; as well as Khan Academy.
I'm leaning towards online writes and video how-to to obtain the best results and temptation to read/watch and become involved by the folks I'll be contacting.
Thank you in advance, for more guidance towards meaningful sites/books at the elementary level.
Take care,
Catch
MFO Ratings Updated Through September 2018
FPA Flexible Fixed Income Fund in registration
The Sears Bankruptcy Is A Cautionary Tale For Hedge Fund Managers FYI: Sears Holdings Corp . filed for bankruptcy early on Monday morning, the culmination of a years-long decline of the American retail institution, providing another example as to why hedge fund managers should steer clear of retail.
Sears (ticker: SHLD) sought Chapter
11 protection and announced a deal with its lenders that will let it keep many stores open and continue paying vendors and employees. Its $
1.8 billion debtor-in-possession asset-based credit facility gave it some $300 million more than it had before filing.
Bankruptcy enabled it to “reject leases” on about 220 store locations, almost all of which are “dark stores” not open to shopper traffic where Sears has already shut operations. Sears will start “going out of business sales” at another
142 unprofitable stores, which will close by year-end. It had already announced intention to close 46 stores by November. The
125-year-old company operates about 700 Sears and Kmart stores, and employs about 70,000 people.
Regards,
Ted
https://www.barrons.com/articles/sears-bankruptcya-cautionary-talefor-hedge-fund-managers-1539619499?mod=hp_DAY_2
Your Financial Adviser’s ‘Sleep Easy’ Portfolio May Be Riskier Than You Think: The 60/40 Portfolio "Are you taking on more risk than you want?"
The article gives a couple of historical examples showing that you don't always win in the intermediate term with a 60/40 portfolio. Though it doesn't show that during these periods some other sane strategy (as opposed to, say, putting
100% into Krugerrands) would have done better.
So it never justifies saying that a 60/40 portfolio has more risk than other strategies, let alone excessive risk.
Its bottom line is in the middle of the column: " is there an alternative to the 60/40 portfolio that may help you sleep easy? 'There is no such thing,'"
In the immortal words of
@rforno, YAWN...
Why The Stock Market Went Loco
Your Financial Adviser’s ‘Sleep Easy’ Portfolio May Be Riskier Than You Think: The 60/40 Portfolio FYI: The 60/40 portfolio allocation has burned investors in the past.
Yikes.
Two sharp falls in a row is enough to get any investor a little nervous. Yes, so far the Dow Jones Industrial Average’s DJIA back-to-back plummets are still only a tremor on any longer-term view. Stock prices are higher than they were even one year ago. Nonetheless for many investors it’s an overdue reminder that stock prices can fall — and fall a long way — as well as rise.
That makes it a good moment, say experts, to take stock of your portfolio. Are you taking on more risk than you want? Worse, are you taking on more than you realize? You may well be. And your financial adviser, if you have one, may not realize it either.
A ‘balanced’ portfolio of stocks and bonds failed previous generations of U.S. savers, and badly, during at least two extended periods during the past century alone.
Regards,
Ted
https://www.marketwatch.com/story/your-portfolio-may-be-riskier-than-you-think-2018-10-11/print
