Investing in your 20s and 30s / Eric Tyson.

Format:

Book

Author/Creator:

Tyson, Eric, author.

Series:

--For dummies.

For Dummies

Language:

English

Subjects (All):

Investments.

Finance, Personal.

Young adults--Finance, Personal.

Young adults.

Physical Description:

1 online resource (307 pages)

Edition:

3rd ed.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons Inc., [2021]

Summary:

Take advantage of the decades ahead and invest in your financial future today You may be at the stage of your life where you'restillwatching every penny, butyou knowthe earlier you invest, the more time your moneyhas towork for you. Investing in Your 20s and 30s For Dummies provides novice investors with time-tested advice, along with strategies that reflect today's market conditions. You'll getno-nonsenseguidanceon how to invest in stocks, bonds, funds, and even real estate-complete with definitions of all the must-know lingo. You'll also learn about the latest investmenttrends, including usingrobo-advisors to manage your portfolio, relying on apps to makefasttrades, andputting your hard-earned cash in digital currencies.Armed with the knowledge and strategies in this book, you caninvest wisely, monitor your progress, andavoidrisking too much.Today's investing landscape is changingat record speed, and this book helps you keep up.Find information onthe latest tax laws, financiallessons learned from the COVID-19 pandemic, and popular fundsfor the 2020s. * Learn the investment basicsyou need to get started * Discover new tools and technologies that make it easier than ever to participate in the market * Build a diverse portfolio that reflects your values, financial goals, and risk tolerance * Feel more confident as you fund an investment account, choose equities or funds, andplan for the future * Make an impact with your money by selecting socially responsible investments * Figure out how muchmoneyto investin employer-sponsored accountsor otherretirement plans If you're a little unsure about stepping into the world of investing, Investing in Your 20s and 30s For Dummies gives you the confidence you need to establish a smart investment strategy.Grab your copy today.

Contents:

Intro

Title Page

Copyright Page

Table of Contents

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part 1 Getting Started with Investing

Chapter 1 Making Sense of Your Investing Options

Growing Your Money in Ownership Investments

Sharing in corporate growth and profits: Stocks

Profiting from real estate

Succeeding in small business

Making "riskier" choices: Options, cryptocurrencies, and so on

Keeping Money in Lending Investments

Understanding Risks and Returns

Realizing risks

Managing risks

Making sense of returns

Where to Invest and Get Advice

Finding the best fund companies and brokers

Finding an acceptable advisor

Chapter 2 Using Investments to Accomplish Your Goals

Setting and Prioritizing Your Shorter-Term Goals

Accumulating a rainy-day fund

Saving for large purchases

Investing for a small business or home

Saving for kids' higher educational costs

Investing short-term money

Investing in Retirement Accounts

Understanding retirement account perks

Grappling with retirement account concerns

Taking advantage of retirement accounts

Surveying retirement account choices

Selecting retirement account investments

Assessing Your Risk-Taking Desires

Chapter 3 Setting Your Return Expectations

Estimating Your Investments' Returns

Money market funds and savings account returns

Bond returns

Stock returns

Real estate returns

Small-business returns

Compounding Your Returns

The value of getting a few extra percent

Considering your goals

Chapter 4 Minimizing Your Taxes When Investing

Understanding Investment Taxes

Tracking taxation of investment distributions

Determining your tax bracket

Highlighting the Tax Cuts and Jobs Act bill.

Devising tax-reduction strategies

Reducing Your Taxes When Selling Investments

Weighing nontax issues

Tuning in to tax considerations

Part 2 Preparing Your Investing Foundation

Chapter 5 Laying Out Your Financial Plans

First Priorities: Paying Off High-Cost Debt and Building a Safety Reserve

Paying off high-cost consumer debt

Establishing an emergency reserve

What about Paying Down Other Debts?

Assessing student loans

Considering paying down mortgage debt

Sorting Out Your Financial Plans

Considering your investment options and desires

Assessing your savings rate

Investing regularly with dollar cost averaging

Knowing the Impact of Investing for College Costs

Paying for college

Considering educational savings account options

Investing money earmarked for college

Securing Proper Insurance

Chapter 6 Starting Out with Bank and Credit Union Accounts

Understanding FDIC Bank Insurance

Investing in Banking Account and Savings Vehicles

Bank checking accounts and debit cards

Savings accounts and certificates of deposit

Negotiating with Bankers

Feeling Secure with Your Bank

Evaluating any bank

Protecting yourself when banking online

Exploring Alternatives to Bank Accounts

Credit union accounts and benefits

Brokerage cash management accounts

Money market mutual funds

Chapter 7 Managing Money Market Funds

Defining Money Market Mutual Funds

Making sense of the appeal of money market funds

Understanding the drawback of money market funds

Looking at Money Market Fund Holdings

Protecting and Accessing Your Money in Money Funds

Protecting your money

Accessing your money

Using Money Market Funds in Your Investment Plan

Shopping for the Best Money Funds

Discovering traits of leading money funds

Naming good money funds.

Alternatives to Money Market Mutual Funds

Part 3 Investing in Stocks, Bonds, and Funds

Chapter 8 Getting Your Slice of Capitalism with Stocks

What Are Stocks?

How (and Why) You Can Make Money with Stocks

Understanding the importance of corporate profits

Making sense of how you profit with stocks

Timing Your Stock Buying and Selling

Following market indexes

Using price/earnings ratios to value stocks

Avoiding temptations and hype

Getting past the gloom

Sidestepping common investing minefields

Highlighting How to Invest in Stocks

Investing in stock mutual funds and exchange-traded funds

Picking your own stocks

Maximizing Your Stock Market Returns

Chapter 9 Securing Investment Income and Principal with Bonds

Defining Bonds

Understanding bond issuers

Considering credit (default) risk

Making sense of bond maturities

Using Bonds in a Portfolio

Finding uses for bonds

Comparing other lending investments with bonds

How and Where to Invest in Bonds

Choosing between bond funds and individual bonds

Investing in Treasury bonds

Investing in non-Treasury individual bonds

Evaluating individual bonds you currently hold

Chapter 10 Fund Investing: Mutual Funds and Exchange-Traded Funds

Understanding the Advantages of Funds

Maximizing Your Chances for Fund Investing Success

Understanding the importance of performance and risk

Examining fund management experience

Keeping costs down

Understanding and using index funds

Understanding exchange-traded funds: Index funds that trade

Creating and Managing a Fund Portfolio

Identifying the Best Mutual Funds and ETFs

Investing in the best ETFs

Picking the best stock funds

Balancing your act: Funds that combine stocks and bonds

Finding the best bond funds

Considering Alternatives to Investing in Funds.

Creating your own fund

Robo advisors

Unit investment trusts

Brokerage managed accounts

Hedge funds for the wealthier

Chapter 11 Understanding Investment Brokers

Getting Your Money's Worth: Discount Brokers

Assessing the high-commission salespeople's arguments

Selecting a discount broker

Checking Out Online Brokers

Considering "free" online trades

Examining your online trading motives

Taking other costs into account

Looking at service quality

Listing the best online brokers

Part 4 Investing in Real Estate, Small Business, and Other Investments

Chapter 12 Seeking Shelter and Appreciation in Real Estate

Comparing Owning a Home to Renting

Weighing financial considerations

Considering costs and your time frame

Deciding when to buy

Figuring Your Home-Buying Budget

Getting your financial house in order

Determining your down payment

Doing lenders' calculations

Shopping for Your Home

Understanding your housing options

Researching communities

Checking out and valuing a home

Investing in Investment Real Estate

Understanding real estate investment's appeal

Sizing up real estate investment options

Conducting real estate investing research

Chapter 13 Financing and Putting Together Real Estate Investment Deals

Financing Your Real Estate Deals

Achieving loan approval

Debating fixed-rate versus adjustable-rate mortgages

Deciding between fixed and adjustable mortgages

Finding your best fixed-rate mortgage

Landing an appropriate adjustable-rate mortgage

Understanding other mortgage fees

Finding the best lenders

Refinancing for a better deal

Working with Real Estate Agents

Recognizing agent conflicts of interest

Selecting a good agent

Putting Your Deal Together

Negotiating basics

Inspecting the property.

Shopping for title insurance and escrow services

Selling Real Estate

Negotiating real estate agents' contracts

Selling without an agent

Chapter 14 Taking Your Talents to the Small-Business Arena

Investing in Your Career

Deciding to Start Your Own Business

Weighing your options

Entrepreneuring at a company

Turning a Business Idea into Reality

Drawing up your business plan

Plotting to leave your job

Financing your business

Considering Small-Business Investment Options

Buying an existing business

Investing in someone else's business

Looking at franchises

Beware the pitfalls of multilevel marketing companies

Chapter 15 Exploring Other Investment Vehicles

Calling on Options

Considering Gold and Other Precious Metals

Should You Invest in Currencies and Cryptocurrencies?

Contemplating Collectibles

Understanding the allure of collectibles

Seeing the realities of collectibles and their returns

Considering advice on buying collectibles

Understanding Annuities and Cash-Value Life Insurance

Availing yourself of annuities

Considering cash-value life insurance

Part 5 The Part of Tens

Chapter 16 Ten Things to Know about Investing Resources

Get Educated to Discern the Best from the Rest

Beware "Free"

Understand the Influence of Advertising

Value Quality over Quantity

Know How to Check Out a Resource

Beware Hype and Exaggeration

Don't Assume Quoted Experts Know Their Stuff

Investigate Gurus' Claims

Don't Believe Investment-Newsletter Claims

Check Out and Keep Up with My Favorite Resources

Chapter 17 Ten Essential Tips for Investing Success

Regularly Save and Invest 5 Percent to 10 Percent of Your Income

Understand and Use Your Employee Benefits

Thoroughly Research Before You Invest

Shun Investments with High Commissions and Expenses.

Invest the Majority of Your Long-Term Money in Ownership Investments.

Notes:

Description based on print version record.

ISBN:

1-119-80542-2

1-119-80541-4

OCLC:

1251449643