guidelines for building a better body image

... 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 and that there ... the gravitational equation from a falling apple and Darwin’s extrapolating the theory of evolution from observing gardeners and farmers select for favorable plant characteristics are two ... especially devastating, because each time you switch ponies you take a capital gains haircut. There are some who believe that by using more qualitative criteria, such as through careful evaluation

Ngày tải lên: 20/06/2014, 20:20

... Life in Financial Planning magazine, a trade publication for investment advisors: Now an annuity that keeps paying, and paying and paying and paying and paying and paying The advertisement... ... seven years On average, that meant 76 trades per account, or about 11 per year At an average of $150 per trade, this amounts to $1,650 per year Since the median account size was approximately ... financial and economic data to forecast market direction. If we have learned any- thing over the past 70 years from the likes of Cowles, Fama, Graham, and Harvey, it’s that this is a fool’s errand.

Ngày tải lên: 20/06/2014, 20:20

... the S&P 500, and Cubes that track the Nasdaq 100. (A bit of nomenclature. In this context, the traditional mutual fund is referred to as “open-ended.”) There are advantages and disadvantages ... ETFs, all relatively minor. The advantages are that they can be run more cheaply than an open-ended mutual fund, since the ETF does not have to service each shareholder as an individual account. Also ... reportage But it is hard to come up with another example with an economic impact as large as that of financial journalism Just as many automobile purchasers will buy on the basis of a favorable

Ngày tải lên: 20/06/2014, 20:20

... nterest rates and taxes. Let’s assume, for example, that you aresubject to the 36% marginalfederalrate and live in a state with a5 %marginalrate. In your taxable account, you can purchase the Vanguard ... withdraws his cash. Here’s a reason- able stock allocation for Sam: • 20% Vanguard 500 Index • 25% Vanguard Value Index • 5% Vanguard Small Cap Index •15% Vanguard Small Cap Value Index •10% Vanguard ... case, you are working for a “value company” and are vulnerable in rough economic times, just as are... Vanguard Small-Cap Value Index (IRA) 12.5% Vanguard Tax-Managed International 5% Vanguard

Ngày tải lên: 20/06/2014, 20:20

... 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 you are retired and in ... 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 ... combines dollar cost averaging and rebalancing. Asset allocation in retirement is the mirror image of value averaging—you are rebalancing with withdrawals. 4. Rebalance your sheltered accounts once

Ngày tải lên: 20/06/2014, 20:20

... 213-214 as no-load company, 205 Vanguard Short-Term Corporate Fund, 261 Vanguard Small-Cap Index Fund, 99 Vanguard Tax-Managed Small-Cap Index Fund, 99 Vanguard Total International Fund, 255, 256 Vanguard ... the past. [...]... you with the mass of mutual fund statistics and academic studies on the inadequacies of active management that has accumulated since 2002 I cannot, alas, resist relating ... particularly useful paradigm Blaise Pascal, a seventeenth-century French mathematician... ever-more-bloated fund The trajectory of the Legg Mason Value Trust a small number of early

Ngày tải lên: 20/06/2014, 20:20

... isabad/value company;without making too fineapoint, it is, in fact, a realdog. More importantly, Wal-Mart, aside frombeing the better company, isalso thesafer company. Because ofits steadily ... dollar today, and a dollar in thirty years, a great deal less than a dollar today Thus,... the market is 4% (1/25) So, if these companies are paying out 1.4% as dividends, that leaves ... from now, that implies a much higher DR of 25.9% This is the same as saying that the present value of a week in Paris in a decade has cheapened Again, an increase in the DR means that the present

Ngày tải lên: 21/06/2014, 02:20

... requirements are immaterial. For example, if you havesaved a largeamount forretirementand do not plan to leavealarge estate for 114 The Four Pillars of Investing Table 4-1. 1901–2000, 100-Year Annualized ... 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-by-year ... fragile More importantly, they are thinly traded—relatively few shares change hands during an average day, and in a general downturn, a few motivated sellers can dramatically lower prices

Ngày tải lên: 21/06/2014, 02:20

... takes more fortitude than most investors can manage But if you are... British Most American financial authorities realized that this was an awful idea Unfortunately, Benjamin Strong, the chairman ... 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 139 ... ous, slow, and extremely uncomfortable endeavor. At a stroke, the railroads made overland travel cheap, safe, rapid, and relatively comfortable. Even more importantly, the steam engine was undoubtedly

Ngày tải lên: 21/06/2014, 02:20

... 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 and that there ... Make the recent data spectacular and/or unpleasant, and it will completely blot out the more important, if abstract, data What makes recency such a killer is the fact that asset classes have ... a falling apple and Darwin’s extrapolating the theory of evolution from observing gardeners and farmers select for favorable plant characteristics are two spectacular examples of this ability

Ngày tải lên: 21/06/2014, 02:20

... impact as large as that of financial journalism Just as many automobile purchasers will buy on the basis of a favorable review in Car and Driver, a glowing money manager story can move vast ... send themlargechecks. [...]... employing an amortization calculation, typically using a standard financial calculator, such as a Texas Instruments TI BA-35, which can be bought for about $20 ... the S&P 500, and Cubes that track the Nasdaq 100. (A bit of nomenclature. In this context, the traditional mutual fund is referred to as “open-ended.”) There are advantages and disadvantages

Ngày tải lên: 21/06/2014, 02:20

... Index Vanguard Total International Vanguard Tax-Managed International Vanguard International Value Fidelity... TaxAdvantaged Fund—and the other small-company funds The Bridgeway fund, which is aimed ... 529 plans, which can be highly tax-advantaged. I’d recommend taking at look at www.collegesavings.org and also having a chat with your accountant about these plans, which come in many shapes and ... so large growth and large market behave nearly identically The same goes for small-cap stocks; the small-growth and small-market subsegments behave in nearly the same way As you have probably

Ngày tải lên: 21/06/2014, 02:20

... 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 you are retired and in ... 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 ... combines dollar cost averaging and rebalancing. Asset allocation in retirement is the mirror image of value averaging—you are rebalancing with withdrawals. 4. Rebalance your sheltered accounts once

Ngày tải lên: 21/06/2014, 02:20

... isabad/value company;without making too fineapoint, it is, in fact, a realdog. More importantly, Wal-Mart, aside frombeing the better company, isalso thesafer company. Because ofits steadily ... dollar today, and a dollar in thirty years, a great deal less than a dollar today Thus,... the market is 4% (1/25) So, if these companies are paying out 1.4% as dividends, that leaves ... from now, that implies a much higher DR of 25.9% This is the same as saying that the present value of a week in Paris in a decade has cheapened Again, an increase in the DR means that the present

Ngày tải lên: 21/06/2014, 12:20

... requirements are immaterial. For example, if you havesaved a largeamount forretirementand do not plan to leavealarge estate for 114 The Four Pillars of Investing Table 4-1. 1901–2000, 100-Year Annualized ... 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-by-year ... fragile More importantly, they are thinly traded—relatively few shares change hands during an average day, and in a general downturn, a few motivated sellers can dramatically lower prices

Ngày tải lên: 21/06/2014, 12:20

... takes more fortitude than most investors can manage But if you are... British Most American financial authorities realized that this was an awful idea Unfortunately, Benjamin Strong, the chairman ... 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 139 ... ous, slow, and extremely uncomfortable endeavor. At a stroke, the railroads made overland travel cheap, safe, rapid, and relatively comfortable. Even more importantly, the steam engine was undoubtedly

Ngày tải lên: 21/06/2014, 12:20

... anticipated that catches management unprepared. A contingency plan should address such occurrences. Natural disasters are a primary contingency that companies plan for. Like manmade situations, these ... brief- ing. Make sure participants understand that your planning model is about to take a dramatic turn for the better. Business-as-usual can- not be allowed. Building a Business Plan in Five Pages 39 Figure ... a minimum of two activities: 1. Quarterly checks 2. An annual update The Practical Guidelines for Building a Business Plan in Five Pages T his chapter explains the five major elements that make...

Ngày tải lên: 24/10/2013, 09:20

... you are staging more than one application, create a subdirectory for each. Step 3: Move your files to the staging area and create the Oracle Installer files. Repeat this step for each staging area ... the Oracle Installer. Examine the files listed in the Available Products pane. If you do not want a file to appear in this pane for example, a file has already been estab- lished as a dependency ... (PRD file) A file that lists all installable components in a given staging area. Oracle File Packager A wizard that creates the product file and all the Oracle Installer files (MAP, VRF, INS,...

Ngày tải lên: 21/12/2013, 06:16

... Applications 1.5.1.2.2 The MAP file The MAP file is a table that lists all the files that make up your application. Interface Label Name of your application as it appears in the Available Products ... of a given type; for example, the Edit action for a text item may be the command string that invokes Notepad or WordPad. ■ Macros. Macros are variables you can use to modify actions. A macro ... documents across multiple platforms Many applications today run on multiple platforms, with development taking place on a variety of platforms as well. Chapter 6, "Designing Portable Applications"...

Ngày tải lên: 21/12/2013, 06:17

... encapsulation frame-relay clockrate 1000000 frame-relay lmi-type ansi frame-relay intf-type dce frame-relay route 112 interface Serial1 211 frame-relay route 113 interface Serial2 311 frame-relay ... frame-relay route 114 interface Serial3 411 ! interface Serial1 no ip address encapsulation frame-relay clockrate 1000000 frame-relay lmi-type ansi frame-relay intf-type dce frame-relay ... interface Serial0 112 ! interface Serial2 no ip address encapsulation frame-relay clockrate 64000 frame-relay lmi-type ansi frame-relay intf-type dce frame-relay route 311 interface...

Ngày tải lên: 24/01/2014, 09:20