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The Investment Answer Learn to Manage Your Money & Protect Your Financial Future
by Murray, Gordon; Goldie, Daniel C.
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Summary
Author Biography
Gordon S. Murray spent more than twenty-five years working on Wall Street, primarily at Goldman Sachs, Lehman Brothers, and Credit Suisse First Boston in a variety of institutional sales and management roles. After his Wall Street career, Murray worked as a consultant with Dimensional Fund Advisors. He is a graduate of the University of North Carolina at Chapel Hill, and earned an MBA from Columbia University.
Table of Contents
Why We Wrote this Book | p. 1 |
Introduction | p. 5 |
The Decisions | |
The Do-It-Yourself Decision | p. 11 |
Do-It-Yourself | p. 11 |
Retail Brokers | p. 16 |
Independent, Fee-Only Advisors | p. 18 |
How to Select an Independent, Fee-Only Advisor | p. 20 |
The Asset Allocation Decision | p. 23 |
The Impact of Volatility on Returns | p. 23 |
Risk and Return are Related | p. 27 |
The Asset Allocation Decision | p. 31 |
The Diversification Decision | p. 35 |
The Active versus Passive Decision | p. 41 |
Active Investing | p. 41 |
Passive Investing | p. 45 |
The Rebalancing Decision | p. 51 |
Conclusions | |
Compared to What? | p. 57 |
What About Alternatives? | p. 59 |
Hedge Funds | p. 60 |
Private Equity (Including Venture Capital) | p. 62 |
Commodities (Gold, Oil & Gas, Etc.) | p. 63 |
Everyone Can Succeed | p. 65 |
A Personal Note from the Authors | p. 67 |
About the Authors | p. 71 |
Appendix | p. 75 |
Sources and Descriptions of Data | p. 79 |
Index | p. 87 |
Table of Contents provided by Ingram. All Rights Reserved. |
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