| Description |
1 online resource (xiii, 241 pages) : illustrations |
| Note |
Includes index. |
| Summary |
"A layman investor's guide to staying afloat in rough economic watersThe recession has drained off the assets of millions of Americans. Debt, unemployment, and tanking 401(k)s have left people searching for ways to safeguard what they have in uncertain times. In The Money Compass, accounting professor G. Stevenson Smith and money manager Mark Grimaldi offer a clear-eyed look at the links between macro-economic conditions and asset class allocation, including current investment opportunities for individual investors. The book looks at key related issues that investors have faced over the last five years, including the financial recession, the housing crash, collapsing government programs, long-term unemployment, crashing 401(k)s, and more. Offers real-world investing advice for today's uncertain economic climate Looks at such macro-economic topics as Alan Greenspan's role in the current recession and how persistent unemployment effects investors and the market Gives investors practical strategies and advice for navigating today's financial markets "-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
The Money Compass: Where Your Money Went and How to Get It Back; Copyright; Contents; Preface; Acknowledgments; Chapter 1: Introduction: The Invisible Hand of Confiscation; The Fourth Branch: K Street Government; More Income Tax and More Debt, Too; Monetization of the Debt: Say What?; The Last Biggie: Repeal of Glass-Steagall and Gamblers Gone Wild; Summary; References; Chapter 2: Greenspan and the Growing Bubble; Simple Plans Often Become Complicated; Moving On . . .; The 36-Day Election; My Takeaway Is More than Fries; Summary; Reference; Notes |
|
Chapter 3: Drop the "U" Out of "Housing" and You Get What America Got2000 to 2006: The Perfect Storm; Oops, Almost Made It; 2007: All Fall Down; 2008: The Year of Reckoning; The Fat Lady Sings: "It's Not Over"; 2009 to 2012: The Road to Recovery?; Looking Ahead; 50-Year Mortgages; What to Do Next? Let's Buy a House; Self-Directed IRAs; Buying Foreclosed Homes; Summary; Reference; Notes; Chapter 4: Credit Cards: Let Me Have It NOW! And They Did; The New Law; Let's Skip a Payment; The Contract; Interest Varieties; APR; Let's Move to South Dakota; How Is That Interest Rate Figured? |
|
Average Daily BalanceAverage Daily Balance with Compounding; Previous Balance Method; Two-Cycle Method; Jacking the Interest Rate; The Credit Card Tax; Tipping a Hat to Debit Cards; Getting Back; Any Negative Effects; Summary; Notes; Chapter 5: Who Are Target-Date Retirement Funds Targeting?; A Ticking Time Bomb; The Dawdling SEC; What Can You Do?; Chapter 6: Four-Oh-One-Kay Tales; The Truth about Your 401(hey)!; Meet Mr. Uninformed and Mrs. Navigator; Mr. Uninformed and Mrs. Navigator, 10 Years Later; A Little More Sizzle; One Exception; Four Reasons to Invest in After-Tax Accounts; Summary |
|
Chapter 7: Exchange-Traded FundsIs Mr. Bogle "Indexing" the Problem?; What Is an Index Fund?; Why Invest in an Index Fund?; Giving Up Downside Protection; Giving Up the Ability to Lock In Profits; Why Not Buy and Hold?; So What's Wrong with ETFs?; How Much Should You Pay for an ETF Trade?; The Benefits of Professionally Managed ETFs; Ranking ETFs the Grimaldi Way; Summary; Note; Chapter 8: Who Took My Money Now? The Collapsing Education System; The Feds and State Government; The Vendors; School Administrators, Relatives, and Cronies; The Boosters; Teachers, Sex, Unions, Drugs, and More Fraud |
|
ParentsStudents; So What Are You and Yours Losing?; Are There Choices?; Summary; Notes; Chapter 9: Staying Poor in America; Rich or Poor?; What Else? Business Models Have Changed Our Way of Earning a Living; Other Factors Making Americans Poor; Spend It if You Got It or Pretend to Be Rich Until You Are Poor; Governmental Solutions; Private Solutions; Summary; Notes; Chapter 10: The Federal Debt Bomb: Hold Your Breath (at least try); Government Choices and Me; Raising Taxes; Austerity Measures; Debt Default; Monetization; What Am I Going to Lose in These Policy Choices?; The Retired |
| Subject |
Finance, Public -- United States.
|
|
Investments -- United States.
|
|
Finances publiques -- États-Unis. |
|
Investissements -- États-Unis. |
|
Finance, Public |
|
Investments |
|
United States |
| Added Author |
Smith, Stevenson G.
|
| Other Form: |
Print version: Grimaldi, Mark. Money compass. Hoboken, New Jersey : Wiley, [2014] 9781118614457 (DLC) 2013039125 (OCoLC)856053939 |
| ISBN |
9781118614655 (electronic bk.) |
|
1118614658 (electronic bk.) |
|
9781118614617 (electronic bk.) |
|
1118614615 (electronic bk.) |
|
More Resources