The taxable investor's manifesto : wealth management strategies to last a lifetime / Stuart E. Lucas.

Format:

Book

Author/Creator:

Lucas, Stuart E., author.

Language:

English

Subjects (All):

Investments--Planning.

Investments.

Finance, Personal.

Stocks.

Portfolio management.

Physical Description:

1 online resource (xxvi, 144 pages) : illustrations (black and white)

Place of Publication:

Hoboken, NJ : John Wiley & Sons, Inc., [2020]

Summary:

The Taxable Investor's Manifesto guides readers through a series of related topics, bringing clarity to complexity with an economy of words, while providing valuable and actionable advice at every turn. This remarkable book combines the deep industry knowledge of a seasoned practitioner with the communication skills of a leading educator. Author Stuart E. Lucas is the founder and Chief Investment Officer of Wealth Strategist Partners, a firm that advises complex family enterprises, including his own. He also co-founded the University of Chicago's Private Wealth Management program, now in its fourteenth year. Most investment books only address pre-tax headline returns, but individuals pay taxes. The incentives and disincentives of our tax system can have a dramatic impact on actual investment time horizons and returns. The Manifesto sensibly folds tax incentives into investment strategy in ways that can add profound value over a lifetime to actual results.

Contents:

Taxable investors need to think differently

Diversify at the right time and in the right way

Generate value from that magical liability: deferred tax

If you want wealth to grow, own stocks

Lengthen time horizon to lower risk and enhance returns

Control cash flow to perpetuate purchasing power

Don't be misled by performance

Get value from active management

Approach alternative investments with skill and skepticism, or not at all

Plan your estate: it adds more value than investing

Shift from success to significance

Reinforce positive family culture through financial design

Evaluate the risks to this approach

Select an advisor with strong investment skills, an interdisciplinary approach, and a fiduciary mindset.

Notes:

Includes index.

Description based on print version record.

ISBN:

9781119691990

1119691990

9781119692027

1119692024