Digital wealth : an automatic way to invest successfully / Simon Moore.

Format:

Book

Author/Creator:

Moore, Simon, author.

Language:

English

Subjects (All):

Portfolio management.

Investments.

Finance, Personal.

Physical Description:

1 online resource (143 pages)

Edition:

1st edition

Place of Publication:

Hoboken, New Jersey : Wiley, 2016.

Language Note:

English

System Details:

text file

Summary:

Leverage algorithms to take your investment approach to the next level Digital Wealth: An Automatic Way to Invest Successfully reveals core investment strategies that you can leverage to build long-term wealth. More than a simple review of traditional investment strategies, this innovative text proffers digital investment techniques that are driven not by people but by algorithms. Supported by asset allocation research, the secrets shared in this forward-thinking book have underpinned cutting-edge investment firms as they integrate algorithm-based strategies. In addition to presenting key concepts, this groundbreaking resource explains how these concepts can give you an edge over the professionals on Wall Street through details regarding achieving financial security and meeting financial goals rooted in a firm foundation in behavioral finance, portfolio tilts, and modern portfolio theory. Investment strategies have evolved from one generation to the next, and the ability to leverage new digital tools calls for another overhaul of traditional investment concepts. Investment techniques implemented by algorithm rather than by human monitoring can, in some cases, prove more successful. The key to a balanced portfolio is understanding what these algorithm-based strategies are, and how to best use them. Explore insights from multiple Nobel Prize winning academics that can give your investment strategy an edge Consider how technology can open up powerful techniques to mainstream investors, including tax-loss harvesting and automated rebalancing Discuss how cost minimization and a strategic tax approach can boost your portfolio's compound growth Identify strategies that support the long-term growth of your wealth Digital Wealth: An Automatic Way to Invest Successfully is an essential text for sophisticated individual investors and investment consultants alike who want to explore how digital tools can bolster financial success.

Contents:

Chapter 9 The Advantages of Exchange-Traded FundsThe Benefits of ETFs; In-Kind Transfers; The Risks of ETFs; Securities Lending Policies; Notes; Chapter 10 The Triumph of Low-Cost Investing: How Paying Less Gets You More; Fooled by Randomness; A Triumph of Marketing over Results; Notes; Chapter 11 Learning from Nobel Prize Winners; Milton Friedman, 1976; James Tobin, 1981; Harry Markowitz, 1990; William Sharpe, 1990; Daniel Kahnemann, 2002; Eugene Fama and Robert Shiller, 2013; Chapter 12 The Costs of Being Active; The Cost of Closet Indexing; The Other Costs of Active Management; Notes

Chapter 13 The Greatest Mistakes Made by Novice InvestorsStarting Saving Too Late; Are You Using Tax Shelters Effectively?; Are You Taking Advantage of 401(k) Matching If Available?; Are You Diversified Internationally?; Are You Chasing Returns?; Are You Overpaying in Fees?; Are You Tracking the Right Index?; Do You Trade Too Much?; Chapter 14 Tilts and Other Ways to Help Long-Term Performance; History of Market Thought; Data Mining; Debunking Strong-Form Market Efficiency; Rationality; The January Effect; Sell in May and Go Away; Momentum; Value; Small Cap; Quality

Longer-Term Mean ReversionAssessing Tilts in a Portfolio Context; Notes; Chapter 15 Establishing a Tax-Efficient Portfolio; Tax Shelters; Tax Efficiency for Retirement; Tax Efficiency for College; Tax Efficiency for Giving; Tax-Efficient Asset Placement; Tax Loss Harvesting; Offsetting Gains with Losses; The Principal of Tax Deferral; How Tax Loss Harvesting Works; Challenges of Implementing Tax Loss Harvesting; Conclusion; Chapter 16 The Value of Rebalancing and Glidepaths; Rebalancing Keeps a Portfolio on Course; Tiered Rebalancing; Glidepaths; Notes; Chapter 17 How to Manage a Market Crash

Notes:

Includes bibliographical references and index.

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed December 28, 2015).

ISBN:

9781119118497

1119118492

9781119118480

1119118484

9781119118473

1119118476

OCLC:

932340442