Lessons for Building a Winning Portfolio 2 ppt
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_2 ppt
... formeris finan- cially healthyand universallyadmired, withlegendary management, a steadily growing stream of earnings, and a hugepileof cash on hand for emergencies. The latterisasick puppy, having ... nomenclature. In common parlance, theshares ofgood companies arecalled “growth stocks,” and those ofbad companies arecalled“value stocks.” Let’s considerfor a moment, Wal-Martand Kmart....
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_8 ppt
... gravitational equation from a falling apple and Darwin’s extrapolating the theory of evolution from observ- ing gardeners and farmers select for favorable plant characteristics are two spectacular ... should have a firm asset allocation pol- icy in place. What separates the professional from the amateur are two things: First, the knowledge that brutal bear markets are a fact of life a...
Ngày tải lên: 20/06/2014, 20:20
Lessons for Building a Winning Portfolio_2 ppt
... $22 .70 20 22 $390.03 5.03 $77.48 18. 82 $20 . 72 2 023 $409.54 5.44 $75.33 21 .64 $18. 92 2 024 $430.01 5.87 $73 .24 24 .89 $17 .28 20 25 $451.51 6.34 $71 .20 28 .63 $15.77 20 26 $474.09 6.85 $69 .23 32. 92 $14.40 20 27 ... $35.77 20 17 $305.60 3.43 $89 .20 9.36 $ 32. 66 20 18 $ 320 .88 3.70 $86. 72 10.76 $29 . 82 2019 $336.93 4.00 $84. 32 12. 38 $27 .23 20 20 $353.77 4. 32...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_5 ppt
... small stocks are riskier than large stocks. Small companies tend to be insubstantial and fragile. More importantly, they are thinly traded—relatively few shares change hands during an average ... can swallow. So what’s a reasonable foreign allocation? Certainly less than 50% of your stock pool. For starters, foreign stocks are more volatile, in gen- eral, than domestic stocks on a year-...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_6 pptx
... the railroads made overland travel cheap, safe, rapid, and relatively comfortable. Even more importantly, the steam engine was undoubtedly the most dramatic, romantic, and artistically appeal- ing ... financial chaos of Paris arrived a most extraordinary Scotsman: John Law. After escaping the hangman for killing a man in a 1694 duel, he studied the banking system in Amsterdam and even...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_12 pptx
... Sam,” 26 6, 26 8 26 9, 27 1 “Taxable Ted,” 26 5 26 6, 26 7 “Young Yvonne,” 27 1, 27 2 27 4, 27 5 foreign stocks, 116– 120 , 25 5 25 7, 25 6 lumpers vs. splitters, 24 8 25 5, 25 1 25 3 vs. press coverage, 22 3 -22 4 retirement ... above—where we rebalanced a 25 /25 /25 /25 mix of U.S. large and small, foreign and REITs—about 6.5% of the portfolio was trad- ed each year. In a...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_10 pptx
... 30/7 020 /80 10/900/100 Vanguard Total 40% 36% 32% 28 % 24 % 20 % 16% 12% 8%4%— Stock Market Index Vanguard Tax-Managed 20 % 18% 16% 14% 12% 10% 8%6%4 %2% — Small Cap Vanguard Tax-Managed 25 % 22 .5% 20 % ... Vanguard Tax-Managed Growth and Income • 5% Vanguard Value Index (IRA) •7.5% Vanguard Tax-Managed Small-Cap Defining Your Mix 26 9 • 5% Vanguard Small-Cap Value Index (IRA) • 12....
Ngày tải lên: 21/06/2014, 12:20
Lessons for Building a Winning Portfolio_11 pptx
... annuity, 20 4 -20 5 Arithmetic display, 21 22 , Armstrong, Frank, 1 72 ASAF Bernstein, 21 6 “Asian Contagion,” 69 Asness, Cliff, 136 Asset allocation, 24 3 27 9 about, 24 3 24 4 bonds, 25 7 26 3, 25 8, 25 9 customization, ... Fund, 20 7 20 9 Fidelity Spartan funds, 21 6 Fiduciary responsibility of broker (lack of), 1 92 Financial Analysts Journal, 24 4 Financial calculator, 23...
Ngày tải lên: 21/06/2014, 12:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_3 potx
... $ 320 .88 3.70 $86. 72 10.76 $29 . 82 2019 $336.93 4.00 $84. 32 12. 38 $27 .23 20 20 $353.77 4. 32 $81.97 14 .23 $24 .86 20 21 $371.46 4.66 $79.70 16.37 $22 .70 20 22 $390.03 5.03 $77.48 18. 82 $20 . 72 2 023 $409.54 ... 5.44 $75.33 21 .64 $18. 92 2 024 $430.01 5.87 $73 .24 24 .89 $17 .28 20 25 $451.51 6.34 $71 .20 28 .63 $15.77 20 26 $474.09 6.85 $69 .23 32. 92 $14.40 20 27...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_4 pdf
... 1.4% to 2. 8%—still farlower than the5%historical average—over the next 20 years. In that case, the speculative return will beanegative 3.4% per year, for a total annualizedmarket return of 2. 8%. Sound ... usually carry a large amount of debt and, in the aggregate, do not grow well. Since 19 72, they have increased their earnings by about 3% per year. This was about 2% less than th...
Ngày tải lên: 20/06/2014, 20:20