The Truth About Money
by Edelman, RicFormat: Paperback
Pub. Date: 1996-10-01
Publisher(s): Georgetown Univ Pr
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Summary
What is financial planning and why do you need it? How can you get out of debt? What are annuities or index funds? Do you really need all that insurance? How do you choose a financial adviser? Answering all of these questions-and more-The Truth About Money is back and better than ever. In this revised edition, Ric Edelman explains the new tax laws in an all-new section on taxes, gives the rundown on Roth IRAs, explains the dos and don'ts of lending money to family members, and offers a 130-question quiz that tests your financial planning knowledge. From maximizing a financial portfolio to planning for college, The Truth About Money covers the entire spectrum of personal finance-in plain English.
Table of Contents
| Unique, Award-Winning Advice | |
| 15,273 Reason You Need This Book | |
| How to Use This Book | |
| Foreword | |
| The Rules of Money Have Changed | |
| The Four Obstacle to Building Wealth | p. 14 |
| The Story of Taxes and Inflation | p. 28 |
| The Greatest Discovery of the 20th Century | p. 33 |
| The Good News and the Bad News About Planning for Your Future | p. 42 |
| The Manufacturing Process | p. 48 |
| Building Cash Reserves | p. 53 |
| The Most Fundamental of All Investment Risks - And How to Avoid It | p. 62 |
| U.S. Government Securities | p. 68 |
| Municipal Bonds | p. 71 |
| Zero Coupon Bonds | p. 85 |
| Bond Ratings | p. 90 |
| Event Risk | p. 92 |
| Rate, Yield, and Total Return | p. 94 |
| Interest Rate Risk | p. 97 |
| Four Benefits of Owning Stock | p. 112 |
| Stocks: an Indication of the Nation's Financial Health - Sometimes | p. 117 |
| Three Ways to Buy Stocks | p. 131 |
| Real Estate Investing | p. 135 |
| Collectibles | p. 141 |
| Hedge Positions | p. 144 |
| The Four Problems You Encounter When Buying Investments | p. 151 |
| How to Beat the Four Problems | p. 153 |
| The Most Common Type of Investment Company | p. 155 |
| Closed-End Funds | p. 177 |
| Unit Investment Trusts | p. 178 |
| Wrap Accounts | p. 179 |
| Mutual Fund Charges and Expenses | p. 185 |
| Annuities | p. 197 |
| Real Estate Limited Partnerships | p. 208 |
| Real Estate Investment Trusts | p. 211 |
| Safe or Risky? | p. 215 |
| World Events Will Not Destroy Your Investments | p. 218 |
| Focus on the Hill, Not the String | p. 220 |
| Understanding Volatility | p. 221 |
| Following Your Emotions is a Sure Path to Failure | p. 225 |
| Standard Deviation | p. 229 |
| Why Funds Make Money But People Do Not | p. 233 |
| Beta | p. 236 |
| Portfolio Optimization vs. Maximization | p. 238 |
| The Rankings Trap | p. 239 |
| Do You Need to Pick the Best Fund? | p. 243 |
| The Computer vs. The Money Manager | p. 244 |
| The Theory of Market Timing | p. 246 |
| Diversification: The Key to Your Investment Success | p. 255 |
| Developing an Optimal Portfolio | p. 262 |
| Dollar Cost Averaging | p. 266 |
| When is The Best Time to Invest? | p. 272 |
| Investing for Current Income | p. 274 |
| Three Ways to Create Savings | p. 277 |
| How to Prepare for Economic Collapse | p. 280 |
| How to Get Out of Debt | p. 285 |
| Should You Buy or Lease Your Next Car? | p. 317 |
| How to Pay for College (Really!) | p. 323 |
| Does it Pay for Both Parents to Work While Raising Young Children? | p. 341 |
| Incorporating Home Ownership into Your Financial Plan | p. 347 |
| How to Buy Your First Home | p. 351 |
| All About Mortgages | p. 373 |
| How to Buy Your Next Home | p. 382 |
| How to Avoid Taxes When Selling Your Home | p. 399 |
| Pensions | p. 419 |
| IRA Accounts | p. 427 |
| Company Retirement Plans | p. 447 |
| Social Security | p. 456 |
| Why Retirement Plans are Not Enough | p. 459 |
| Women and Retirement | p. 461 |
| Protecting Your Largest Financial Asset | p. 467 |
| Long-Term Care | p. 479 |
| Life Insurance | p. 493 |
| How to Protect Yourself from Lawsuits | p. 510 |
| Should You Buy from an Insurance Agent or Insurance Broker? | p. 511 |
| How Safe is Your Carrier? | p. 512 |
| Your Will | p. 518 |
| Estate Taxes | p. 535 |
| Estate Administration | p. 547 |
| How to Make Money by Giving it Away | p. 555 |
| Other Estate Planning Tools | p. 557 |
| When to Revise Your Will | p. 558 |
| The Four Ways Planners Get Paid | p. 563 |
| Industry Designations vs. Federal and State Licensing | p. 572 |
| Ten Taboos Between You and Your Planner | p. 577 |
| Financial Planners vs. Money Managers | p. 579 |
| How to Find a Planner | p. 580 |
| Sources | p. 585 |
| About the Author | p. 587 |
| Index | p. 589 |
| Table of Contents provided by Blackwell. All Rights Reserved. |
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