Learning For Building a Winning Portfolio 5 pptx
Learning For Building a Winning Portfolio_5 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 ... 1720, had parliament pass the Bubble Act. This legislation required all new companies to obtain parliamentary charters and forbade existing companies from operating Tops: A History of Manias 1...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_1 doc
... implies a much high- erDRof 25. 9%. This isthesame as saying that thepresent value of a weekinParis in a decade has cheapened. Again,an increase in the DR meansthat thepresent value of a future itemhas ... Growth Abroad, 19 75 96 Country Value StocksGrowth Stocks Value Advantage Japan14 .55 % 7 .55 % 7.00% Britain 17.87% 13. 25% 4.62% France 17.10% 9.46% 7.64% Germany 12.77% 10.01%2.7...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_2 ppt
... high-octane Manhattan Fund. Unfortunately for Tsai, just at that point, he was struck with a fatal case of chimpanzee syndrome. The years 1966–1967 were mediocre for Manhattan and in 1968, the patient ... at a fairly young age, ran Oakmark Fund. Mr. Sanborn was an undisputed superstar manager. From its inception in 1991 to year-end 1998, Oakmark’s annualized return was 24.91% ver- sus...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_3 docx
... years has penal- ized its taxable shareholders by distributing about 10% of its value each year as capital gains. Fortunately, there are now “tax-efficient” index funds designed for taxable accounts, ... 28 Vanguard 50 0 Index Fund (Large-Cap Blend) 20 Vanguard Large-Cap Value Fund 34 Barra Mid-Cap Growth Index Fund 8 S&P 400 Mid-Cap Index (Mid-Cap Blend) 23 Barra Mid-Cap Value Index 2...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_9 pot
... small growth) are not suitable for taxable accounts because of the high turnover necessary to maintain their characteristics. For example, a small-value fund may toss out a stock because it has ... retire- ment and obtain a 4% real return for that term. If you save $100 per month, at the end of 25 years you’ll have a real nest egg of $50 ,8 85. This is a real $100 you are sa...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_10 ppt
... Tax-Managed 25% 22 .5% 20% 17 .5% 15% 12 .5% 10% 7 .5% 5% 2 .5% — International Vanguard REIT (VA) 15% 13 .5% 12% 10 .5% 9% 7 .5% 6% 4 .5% 3% 1 .5% — Treasury Ladder—2 .5% 5% 7 .5% 10% 12 .5% 15% 17 .5% 20% 22 .5% 25% Vanguard ... 25% Vanguard Short-Term — 2 .5% 5% 7 .5% 10% 12 .5% 15% 17 .5% 20% 22 .5% 25% Corporate Bond Vanguard Limited-Term — 2 .5% 5% 7 .5% 10% 12 .5% 15% 17 .5% 20...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_11 doc
... the example shown 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 taxable account, rebalancing ... 154 – 157 , 221 Buy-backs, stock, 55 , 60 Calculator, financial, 230, 237 California Public Employees Retirement System (CALPERS), 85 Canals, English, as bubble, 141–142, 158 Capital ga...
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Lessons for Building a Winning Portfolio_6 pptx
... 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- tually ... Most American financial authorities realized that this was an awful idea. Unfortunately, Benjamin Strong, the chairman of the Federal Reserve Bank, and Montagu Norman, the Governor of the...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_12 pptx
... 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 taxable account, rebalancing results in capital gains, which ... money at market bottoms than at market tops. You can think of value averaging as a combination of DCA and rebal- ancing. (Value averaging works just as well in reverse. If y...
Ngày tải lên: 21/06/2014, 02:20
Lessons for Building a Winning Portfolio_10 pptx
... 269 • 5% Vanguard Small-Cap Value Index (IRA) •12 .5% Vanguard Tax-Managed International • 5% Vanguard REIT (VA) •12 .5% Treasury Ladder •12 .5% Vanguard Short-Term Corporate Bond •12 .5% Vanguard ... withdraws his cash. Here’s a reason- able stock allocation for Sam: • 20% Vanguard 50 0 Index • 25% Vanguard Value Index • 5% Vanguard Small Cap Index • 15% Vanguard Small Cap Value Inde...
Ngày tải lên: 21/06/2014, 12:20