| Description |
1 online resource (xxiv, 144 pages) : illustrations |
| Note |
Includes bibliographical references and index. |
| Summary |
"It's unusual to have an author in finance who manages his own capital in the same way he advises others. Stuart Lucas is a rare breed who has been practicing what he preaches for two decades. The high value advice in this The Taxable Investor's Manifeto (TIM) should be of interest to young earners who are generating positive net cash flow, mid-career managers, business owners, business executives, all the way to family office executives for families with multi-generational wealth. Given the emphasis on taxable financial assets the market is predominantly US-oriented, though the principles discussed apply to many tax jurisdictions. In addition to serving taxable investors, TIM creates a path forward for financial advisors who are struggling to rethink their client value proposition. They have found that "beating the market" or "access to alternatives" may justify their fees in the short run but are not viable foundations for long term relationships. Indexing may be solid advice but it's hard to justify the same fees. This approach is better for clients, but it is also can guide advisors out of this bind. This personal finance book is written in a style that is accessible and engaging to anybody with interest and modest familiarity with personal finance. Using extensive footnoting, there are pathways to deeper research for those readers who are interested or who want to confirm the citations' relevance and rigor. The advice is action oriented and implementable"-- Provided by publisher. |
| Contents |
Chapter 1 Taxable Investors Need to Think Differently -- Key Chapter Takeaways -- Chapter 2 Diversify at the Right Time and in the Right Way -- Key Chapter Takeaways -- Chapter 3 Generate Value from That Magical Liability: Deferred Tax -- Alternatives to Selling -- Key Chapter Takeaways -- Chapter 4 If You Want Wealth to Grow, Own Stocks -- Over Time, Stocks Outperform Bonds -- Geographic Diversification -- Managing Short-Term Volatility -- Asset Location: Taxable, Tax-Deferred, or Tax-Exempt? -- Key Chapter Takeaways -- Chapter 5 Lengthen Time Horizon to Lower Risk and Enhance Returns -- Key Chapter Takeaways -- Chapter 6 Control Cash Flow to Perpetuate Purchasing Power -- Key Chapter Takeaways -- Chapter 7 Don't Be Misled by Performance -- Key Chapter Takeaways -- Chapter 8 Get Value from Active Management -- Tactics for Improving Success with Active Managers -- Key Chapter Takeaways -- Chapter 9 Approach Alternative Investments with Skill and Skepticism, or Not at All -- Hedge Funds Are Rarely Good for Taxable Investors -- Private Equity and Venture May Be Better -- Scale, Structure, and Tax Are Important Considerations -- Are You Prepared to Invest? -- Key Chapter Takeaways -- Chapter 10 Plan Your Estate: It Adds More Value Than Investing -- Key Chapter Takeaways -- Chapter 11 Shift from Success to Significance -- Key Chapter Takeaways -- Chapter 12 Reinforce Positive Family Culture through Financial Design -- Key Chapter Takeaways -- Chapter 13 Evaluate the Risks to This Approach -- Key Chapter Takeaways -- Chapter 14 Select an Advisor with Strong Investment Skills, an Interdisciplinary Approach, and a Fiduciary Mindset. |
| Subject |
Investments.
|
|
Finance, Personal.
|
|
Stocks.
|
|
Portfolio management.
|
|
Investments -- Taxation.
|
|
Investissements. |
|
Actions (Titres de société) |
|
Gestion de portefeuille. |
|
Investissements -- Impôts. |
|
portfolios (financial records) |
|
Finance, Personal |
|
Investments |
|
Investments -- Taxation |
|
Portfolio management |
|
Stocks |
| Other Form: |
Print version: Lucas, Stuart E.. The taxable investor's manifesto Hoboken, New Jersey : Wiley, [2020] 9781119692034 (DLC) 2020004855 |
| ISBN |
1119692024 electronic publication |
|
9781119691990 electronic book |
|
1119691990 electronic book |
|
9781119692027 (electronic bk.) |
|
hardcover |
|
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