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" Asset dedication : "
Stephen J. Huxley, J. Brent Burns.
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BL
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| Record Number
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786861
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b606877
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| Main Entry
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Stephen J. Huxley, J. Brent Burns.
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| Title & Author
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Asset dedication : : how to grow wealthy with the next generation of asset allocation\ Stephen J. Huxley, J. Brent Burns.
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| Publication Statement
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New York: McGraw-Hill, ©2005.
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| Page. NO
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xiv, 315 pages : illustrations ; 24 cm
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| ISBN
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0071434828
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: 9780071434829
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| Contents
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Machine derived contents note: Contents --; Part 1. Asset Dedication: The Next Step In Asset Allocation --; Chapter 1. Asset Allocation ̨The Dominant But Procrustean Paradigm --; The Roots of Asset Allocation --; Basing Allocations on Historical Averages --; Why Not 100 Percent Stocks? --; Chapter 2. Asset Allocation And Its Gaps --; The Emperors̕ New Clothes --; The Pseudoscience of Risk Tolerance Questionnaires --; Active vs. Passive Management: When Will Brokers Learn? --; Asset Allocation is Not All Bad --; Just Oversold And Misused --; Chapter 3. Asset Dedication ̨How it Works --; The Asset Dedication Approach --; The Precise Elegance of Asset Dedication --; Asset Dedication Step by Step --; Investing with Ms. Smith --; Advantages Offered by Asset Dedication --; Chapter 4. Asset Dedication vs. Asset Allocation --; Historical Comparisons From 1926 --; Asset Dedication Returns Beat Asset Allocation Returns --; Test Period 1: 1990-2000 --; Test Period 1: 1976-2002 --; Test Period 1: 1947-2002 --; Test Period 1: 1926-2002 --; What About Other Stock and Bond Choices? --; Large Company Stocks With Other Bond Categories --; Small Company Stocks With Other Bond Categories --; What About Risk? --; Risk And The Critical Path --; Part 2: Dedicating Assets Before and After Retirement --; Chapter 5. Calculating Your Financial Independence --; Economic Phases in a Persons̕ Life --; Financial Planning In The Accumulation Phase --; The I︡ndependence Calculation ̋ --; The Hard Part: Basic Life Choices --; The Retirement Goal --; Conclusion: --; Chapter 6. Finding Your Critical Path --; The Critical Path Leading To Financial Independence --; The Critical Path As The Roadmap To Retirement --; Avoiding a Blunder --; The Market Decline of 2000 --; More Examples ̨A Younger Group --; What If I cannot save enough? --; Chapter 7. The Distribution Phase: Dedicating Assets To Do Their Job --; The Three Classic Retirement Questions --; A D︡o It Yourself ̋Retirement Portfolio --; The Mathematics Behind Asset Dedication --; The Critical Path After Retirement --; Maintaining and Reloading The Income Portion --; Chapter 8. Building An Asset Dedicated Portfolio: Doing It Yourself On The Internet --; Making The Choices And Entering The Decisions As Inputs --; Scenarios: Scenarios: Testing The Consequences of Various Choices --; Details: The List of Bonds To Buy --; Chapter 9. Using Asset Dedication For More Than Steady Retirement Income --; An Irregular L︡umpy ̋Withdrawal Stream --; Taking Care of Grandma --; The Legal Settlement --; Supporting Grants From The J Foundation --; Professional Athletes, Pension Funds, Corporate Controllers, Public Agencies, Etc. --; Part 3. Theoretical Underpinnings Of Asset Dedication: --; Some Fundamentals from Economics, Investing, and Mathematics --; Chapter 10. Life, Death, Taxes, Economics, And Time --; The Time Value of Money --; Trade-offs --; Taking Advantage of Favorable Tax Laws: Pension and Retirement Plans --; Finding a Financial Advisor --; Chapter 11. A Few Investment Fundamentals (20) --; From Start-up to Wall Street: The Zapper Story --; Stocks --; Mutual Funds and Index Funds --; Passive vs. Active Management --; Classifying Stocks and Mutual Funds --; Bonds and Bond Funds --; Classifying Bonds --; Inverse Relationship Between Bond Prices and Interest Rates --; Conclusion --; Chapter 12. A Few Quantitative Fundamentals --; Basic Descriptive Statistics --; Present and Future Values --; Total Return --; Annualized vs. Average Annual Total Return --; Internal Rate of Return (IRR) and the Beardstown Blunder --; Risk vs. Volatility --; Measuring Portfolio Performance --; Optimization --; Monte Carlo Analysis --; Chapter 13. Myths, Magic, and Other Marvels of Math --; Probability ̨Where Intuition Often Fails --; One Source of Distorted Intuition --; The Combinatorial Explosion --; The Expert Coin Flipper --; A Truly Magical Formula --; Common Myths in Growth Rates --; Myth #1: Growth Rates Can Be Averaged Over Time Spans --; Myth #2: Long Term Annualized Rates Apply to the Short Term --; Myth #3: Half at 10 percent, Half at 20 percent Means 15 percent Overall --; Myth #4: Sequence of Returns Does not Matter --; Rate of Return Risk vs. Magnitude of Dollars Risk --; Measuring Risk with the Critical Path --; Part 4 Forecasting: The Good, the Bad, and the Ugly --; Chapter 14. The Good: Forecasts with 100 Percent Accuracy --; What Exactly Are We Trying to Forecast? --; Forecasting Bond Returns --; The WAG Method and Other Basic Forecasting Approaches --; Forecasting Stock Returns --; Predicting Average Stock Returns for One-Year Spans --; Predicting Averages for Five- and Ten-Year Spans --; The Trinity Study Of Sustainable Withdrawal Rates --; Broker Seminars --; Conclusion --; Chapter 15: The Bad: Obstacles and Market Timing --; The Dirty Dozen: 12 Obstacles to Accurate Forecasting --; The Quarterly Time Frame --; The Perils of Market Timing ̨The Impact of the Biggest Day --; Conclusion --; Chapter 16. The Ugly: Predatory Practices, Ethical Violations, and S︡equence ̋Risk --; True Predators --; Ethical Violations? --; Sequence Risk --; Why Sequence of Returns Matters in Retirement --; When Intuition Is Right ̨Case 1 (Zero Withdrawals) --; When Intuition Is Right ̨Case 2 (Proportional Withdrawals) --; When Intuition Is Wrong ̨Case 3 (Dollar Withdrawals) --; The T. Rowe Price Study --; The Best and Worst Case Scenarios for Sequence Risk --; How to Avoid the Sequencing Problem --; Conclusion --; Appendices --; 1 Bond ratings --; 2 Bond Default Rates --; 3 1947-2002 Historical Comparisons --; 4 1926-2002 Historical Comparisons --; 5 Historical Large Cap with other bond Categories Decade by Decade --; 6 Historical Small Cap with other bond Categories Decade by Decade --; 7 Independence Calculation Example --; 8 Rolling Horizon for 1990-2000 --; 9 IRS tables on Withdrawals from IRAs̕.
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| Subject
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Asset allocation.
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Investment analysis.
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| Subject
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Portfolio management.
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| LC Classification
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HG4529.5S747 2005
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| Added Entry
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J Brent Burns
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Stephen J Huxley
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