Financial Advice And Investment Decisions Download Ebook PDF Epub Online

Author : Jarrod W. Wilcox
Frank J. Fabozzi
Publisher : John Wiley & Sons
Release : 2013-10-28
Page : 335
Category : Business & Economics
ISBN 13 : 9780470647127
Description :


A practical guide to adapting financial advice and investing to a post crisis world There's no room for "business as usual" in today's investment management environment. Following the recent financial crisis, both retail and institutional investors are searching for new ways to oversee investment portfolios. How do you combine growth with a focus on wealth preservation? This book offers you a fresh perspective on the changes in tools and strategies needed to effectively achieve this goal. Financial Advice and Investment Decisions provides today's investment professionals with the conceptual framework and practical tools they need to successfully invest in and manage an investment portfolio with wealth preservation as a key concern. While there are many qualitative discussions, the authors present strong quantitative theory and practice in the form of small conceptual models, simulation, and empirical research. A comprehensive guide to properly managing investments with a focus on matching security and growth goals with the needs of the investor Blends insights gleaned from portfolio management practices used prior to the market mayhem of 2007-2009 with cutting-edge academic and professional investment research Includes innovative and wide-ranging treatment of subjects such as augmented balance sheets, the efficiency of markets, saving, spending, and investing habits, and dealing with uncertainty Description of opportunities for improving the investing environment The recent financial crisis has opened our eyes to the need for improving the way we invest. This book will put you in a better position to excel in this new economic environment.


Author : Jarrod W. Wilcox
Frank J. Fabozzi
Publisher : John Wiley & Sons
Release : 2013-11-20
Page : 352
Category : Business & Economics
ISBN 13 : 1118415329
Description :


A practical guide to adapting financial advice and investingto a post crisis world There's no room for "business as usual" in today's investmentmanagement environment. Following the recent financial crisis, bothretail and institutional investors are searching for new ways tooversee investment portfolios. How do you combine growth with a focus on wealth preservation? This book offers you afresh perspective on the changes in tools and strategies needed toeffectively achieve this goal. Financial Advice and Investment Decisions provides today'sinvestment professionals with the conceptual framework andpractical tools they need to successfully invest in and manage aninvestment portfolio with wealth preservation as a key concern.While there are many qualitative discussions, the authors presentstrong quantitative theory and practice in the form of smallconceptual models, simulation, and empirical research. A comprehensive guide to properly managing investments with afocus on matching security and growth goals with the needs of theinvestor Blends insights gleaned from portfolio management practicesused prior to the market mayhem of 2007-2009 with cutting-edgeacademic and professional investment research Includes innovative and wide-ranging treatment of subjects suchas augmented balance sheets, the efficiency of markets, saving,spending, and investing habits, and dealing with uncertainty Description of opportunities for improving the investingenvironment The recent financial crisis has opened our eyes to the need forimproving the way we invest. This book will put you in abetter position to excel in this new economic environment.


Author : Alan A. Fustey
Publisher : Alan Fustey
Release : 2011-08-01
Page : 242
Category : Business & Economics
ISBN 13 : 1463525893
Description :


“Buy low, sell high” is likely the most widely quoted financial market truth of all time. It makes so much sense, yet it is one of the most difficult tasks to repeat successfully when investing.Risk, Financial Markets & You offers a unique examination of the hurdles investors must overcome to make successful investment decisions. Alan Fustey, a 25-year financial industry veteran, provides insightful revelations that challenge investing convention and divulge the hidden decision making weaknesses present in every investor. He examines:• How our engrained mental biases make us prone to producing unconscious errors. • Why we struggle to understand probability and overestimate the likelihood of favourable investment results. • If we truly understand the real risk that is present in financial markets.• How the financial advice industry uses our decision making weaknesses to their advantage when they present information, make recommendations and charge for their services. • Why we perceive financial markets as being more predictable than they actually are and subsequently suffer as investors. Risk, Financial Markets & You is thoroughly researched and insightfully written. Fustey draws lessons and offers practical solutions that will benefit even the most experienced investors. He combines anecdotes of investing mistakes to create an entertaining account of how investors can triumph over themselves and the financial advice industry to create investment success.


Author : Ralph Blüthgen
Publisher :
Release : 2008
Page : 166
Category : Private Investition - Investitionsverhalten - Anlageberatung
ISBN 13 : 9783868059861
Description :



Author : H. Kent Baker
Victor Ricciardi
Publisher : John Wiley & Sons
Release : 2014-02-10
Page : 640
Category : Business & Economics
ISBN 13 : 1118492986
Description :


WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.


Author : Wesley R. Gray
Jack R. Vogel
Publisher : John Wiley & Sons
Release : 2015-08-31
Page : 224
Category : Business & Economics
ISBN 13 : 111907150X
Description :


DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth DIY Financial Advisor is a synopsis of our research findings developed while serving as a consultant and asset manager for family offices. By way of background, a family office is a company, or group of people, who manage the wealth a family has gained over generations. The term ′family office′ has an element of cachet, and even mystique, because it is usually associated with the mega–wealthy. However, practically speaking, virtually any family that manages its investments independent of the size of the investment pool could be considered a family office. The difference is mainly semantic. DIY Financial Advisor outlines a step–by–step process through which investors can take control of their hard–earned wealth and manage their own family office. Our research indicates that what matters in investing are minimizing psychology traps and managing fees and taxes. These simple concepts apply to all families, not just the ultra–wealthy. But can or should we be managing our own wealth? Our natural inclination is to succumb to the challenge of portfolio management and let an ′expert′ deal with the problem. For a variety of reasons we discuss in this book, we should resist the gut reaction to hire experts. We suggest that investors maintain direct control, or at least a thorough understanding, of how their hard–earned wealth is managed. Our book is meant to be an educational journey that slowly builds confidence in one′s own ability to manage a portfolio. We end our book with a potential solution that could be applicable to a wide–variety of investors, from the ultra–high net worth to middle class individuals, all of whom are focused on similar goals of preserving and growing their capital over time. DIY Financial Advisor is a unique resource. This book is the only comprehensive guide to implementing simple quantitative models that can beat the experts. And it comes at the perfect time, as the investment industry is undergoing a significant shift due in part to the use of automated investment strategies that do not require a financial advisor′s involvement. DIY Financial Advisor is an essential text that guides you in making your money work for you not for someone else!


Author : Michael M. Pompian
Publisher : John Wiley & Sons
Release : 2012-05-22
Page : 336
Category : Business & Economics
ISBN 13 : 1118235606
Description :


Achieve investing success by understanding your behaviortype This groundbreaking book shows how to invest wisely by managingyour behavior, and not just your money. Step by step, MichaelPompian (a leading authority in the practical application ofBehavioral Finance concepts to wealth management) helps you plan astrategy targeted to your personality. The book includes a test fordetermining your investment type and offers strategies you can putinto use when investing. It also includes a brief history of thestock market, and easy-to-comprehend information about stocks andinvesting to help you lay a solid foundation for your investmentdecisions. Behavioral Finance and Investor Types is divided into twoparts. Test Your Type, gives an overview of Behavioral Finance aswell as the elements that come into play when figuring out BIT,like active or passive traits, risk tolerance, and biases. The bookincludes a quiz to help you discover what category you are in. Planand Act, contains the traits common to your type; an analysis ofthe biases associated with your type; and strategies and solutionsthat compliment and capitalize on your BIT. Offers a practical guide to an investing strategy that fitsboth your financial situation and your personality type Includes a test for determining your tolerance for risk andother traits that will determine your investment type Written by the Director of the Private Wealth Practice forHammond Associates—an investment consulting firm servinginstitutional and private wealth clients Behavioral Finance and Investor Types offers investors abetter sense of what drives them and what puts on their breaks. Byusing the information found here, you'll quickly become savvy aboutthe world of investing because you'll come to understand your placein it.


Author : Sina Borgsen
Publisher :
Release : 2010
Page : 188
Category :
ISBN 13 :
Description :



Author : Marc de Sousa-Shields
Publisher : New Society Publishers
Release : 2017-12-18
Page : 192
Category : Business & Economics
ISBN 13 : 1550926438
Description :


Invest Like You Give a Damn is a different kind of investment book. It tells stories of people just like you who give a damn but who stomped the devil of inertia to align their money with their values. Complete step-by-step guidance from one-click investing to deep-dive portfolio building. It’s time to give a damn about what your money does!


Author : Zvi Bodie
Rachelle Taqqu
Publisher : John Wiley & Sons
Release : 2011-11-22
Page : 224
Category : Business & Economics
ISBN 13 : 1118206258
Description :


A practical guide to getting personal investing right Somewhere along the way, something has gone very wrong with the way individuals save and invest. Too often, households are drawn in by promotional suggestions masquerading as impartial investment advice. Consumers get saddled with more risk than they realize. Authors Zvi Bodie and Rachelle Taqqu understand the dilemma that today's investors face, and with Risk Less and Prosper they will help you find your financial footing. Written in an accessible style, this practical guide skillfully explains why personal investing is all about you—your goals, your values and your career path. It shows how to understand investment risk and choose the particular blend of risk and safety that is right for you. And it lays out several simple yet powerful ways for small investors to cast a reliable safety net to achieve their financial goals and truly prosper. Coauthors Bodie and Taqqu challenge the myth that all investments require risk, then highlight some important risks that families often disregard when deciding where to put their money. Later, they connect the dots between investment and investor, showing us all how to grasp our own investment risk profiles and how we may use these insights to make more fitting investment choices. Outlines a straightforward way to invest by aligning your investments with your goals and the risk levels you can bear Provides basic investment abc's for readers who are otherwise literate Lays out a simple, actionable plan for achieving your goals Explains the role of risk-free assets and investment insurance in assuring that you reach your most essential goals Contrary to popular belief, investing doesn't have to be complicated. You can build wealth without taking great risks. Risk Less and Prosper will show you how to make investment decisions that will make your financial life less stressful and more profitable.


Author : J. D. Joyce
Publisher : John Wiley & Sons
Release : 2012-09-10
Page : 224
Category : Business & Economics
ISBN 13 : 111841778X
Description :


An investing story that provides insights into dealing withyour money and finding financial security Making the right investment decisions and executing an effectivefinancial plan can be difficult, especially in today’smarkets. But with the right guidance you can achieve this goal.Now, in The Story of Rich, leading wealth managerJohn David “J.D.” Joyce shows you how. Based onhis real-world experiences with investors throughout his successfulcareer, this book offers meaningful advice about financial planningand investing. Designed for those with significant assets who are nearingor recently retired, as well as individuals who have recently comeinto new money through business or inheritance, The Storyof Rich skillfully explains financial planning and investingthrough a fable of a man who sells a business he’s worked sohard to build, and now finds himself with more money thenhe’s ever had to deal with. Along the way, this book teachesyou about important investment concepts and presents you with toolsto consider your options and choose an appropriate investmentstrategy. Chronicles the fictional story of a recently retiredbusinessman who is worried about making the most of his money nowthat he's no longer generating regular income Presents lessons about investing, sometimes through comparisonsto topics like marathon running or wine making, in the quest tomake sense of fundamental investment concepts Author John David “J.D.” Joyce has been named a TopFinancial Advisor by Barron’s in 2009, 2010 and2011 Engaging and informative, The Story of Rich is theperfect guide for those concerned about protecting theirhard-earned money and investing it wisely.


Author : Michael M. Pompian
Publisher : John Wiley & Sons
Release : 2012-01-03
Page : 352
Category : Business & Economics
ISBN 13 : 1118014324
Description :


The book that applies behavioral finance to the real world Understanding how to use behavioral finance theory in investing is a hot topic these days. Nobel laureate Daniel Kahneman has described financial advising as a prescriptive activity whose main objective should be to guide investors to make decisions that serve their best interests. The reality? That's easier said than done. In the Second Edition of Behavioral Finance and Wealth Management, Michael Pompian takes a practical approach to the growing science of behavioral finance, and puts it to use for real investors. He applies knowledge of 20 of the most prominent individual investor biases into "behaviorally-modified" asset allocation decisions. Offering investors and financial advisors a "self-help" book, Pompian shows how to create investment strategies that leverage the latest cutting edge research into behavioral biases of individual investors. This book: Shows investors and financial advisors how to either moderate or adapt to behavioral biases, in order to improve investment results and identifies "the best practical allocation" for investment portfolios. Using these two sound approaches for guiding investment decision-making, behavioral biases are incorporated into the portfolio management process Uses updated cases studies to show investors and financial advisors how an investor's behavior can be modified to improve investment decision-making Provides useable methods for creating behaviorally modified investment portfolios, which may help investors to reach their long term financial goals Heightens awareness of biases so that financial decisions and resulting economic outcomes are improved Offers advice on managing the effects of each bias in order to improve investment results This Second Edition illustrates investors' behavioral biases in detail and offers financial advisors and their clients practical advice about how to apply the science of behavioral finance to improve overall investment decision making.


Author : H. Kent Baker
Greg Filbeck
Publisher : Oxford University Press
Release : 2017-05-02
Page : 608
Category : Business & Economics
ISBN 13 : 0190270012
Description :


Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book brings together noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world. In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally, discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. Those interested in a broad survey will benefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financial behavior.


Author : Aman Sunder
Publisher :
Release : 2017
Page : 262
Category :
ISBN 13 :
Description :


This three-part dissertation was designed to identify relationships, if any, between the financial decisions or situations of households and the dynamics of their decisions to obtain, retain, or reject financial advisory services. The dissertation covered: (1) households' decisions related to the directly-held equity in brokerage accounts, (2) the decisions of working households related to equity held in retirement, and (3) comparison between comprehensive advice and modular advice, in terms of changes in assets and debts of households. The dissertation used the 2007-2009 panel of the Survey of Consumer Finances (SCF) that covered the period before and after the Great Recession of 2008. In the survey, the households identified different types of expert financial experts or advisers, such as financial planners, brokers, bankers, and accountants, from whom they received financial advice for either borrowing decisions or savings and investment decisions, or both. The first two parts of the study dealt with equity ownership under the premise that during the recovery phase the low-cost equity presented an opportunity to gain from its future growth. This opportunity was especially valuable for those who held defined-contribution retirement plans and had insufficient sources of growth of capital in the low interest-rate environment of the United States. The study found that interactions with financial planners were related to growth in equity positions held directly in the brokerage accounts and in the retirement accounts for the households that had low initial equity. The last part of the study dealt with the scope of financial advice, namely whether the advice was comprehensive or modular in nature, based on whether the household used a type of adviser for only one of two types of decisions - borrowing or savings and investments, or both types of decisions. The study found that the comprehensive advice from financial planners and brokers had a similar relationship in terms of advice for savings and investments based on changes in the total assets of the households.


Author : Michael M. Pompian
Publisher : John Wiley & Sons
Release : 2021-04-19
Page : 320
Category : Business & Economics
ISBN 13 : 1119802008
Description :


Become a more strategic and successful investor by identifying the biases impacting your decision making. In Behavioral Finance and Your Portfolio, acclaimed investment advisor and author Michael M. Pompian delivers an insightful and thorough guide to countering the negative effect of cognitive and behavioral biases on your financial decisions. You’ll learn about the “Big Five” behavioral biases and how they’re reducing your returns and leading to unwanted and unnecessary costs in your portfolio. Designed for investors who are serious about maximizing their gains, in this book you’ll discover how to: ● Take control of your decision-making—even when challenging markets push greed and fear to intolerable levels ● Reflect on how to make investment decisions using data-backed and substantiated information instead of emotion and bias ● Counter deep-seated biases like loss aversion, hindsight and overconfidence with self-awareness and hard facts ● Identify your personal investment psychology profile, which you can use to inform your future financial decision making Behavioral Finance and Your Portfolio was created for individual investors, but will also earn a place in the libraries of financial advisors, planners and portfolio managers who are determined to counteract the less principled and data-driven aspects of their decision making.


Author : Michael M. Pompian
Publisher : John Wiley & Sons
Release : 2011-01-31
Page : 336
Category : Business & Economics
ISBN 13 : 9781118046319
Description :


"Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians." —Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.


Author : Caterina Cruciani
Publisher : Springer
Release : 2017-11-13
Page : 161
Category : Business & Economics
ISBN 13 : 3319682342
Description :


This book looks at financial advisory from a behavioural perspective, and focuses on how the nature of the relationship between advisors and clients may affect the ability of the advisor to perform its functions. Broken into three key parts, the book looks at the client, the advisor, and the relationship between the two. Chapters review relevant theories of decision-making under risk to understand the nature of clients’ decisions. The literature on advisors’ functions and the normative landscape regulating financial advisory are also addressed. Finally, this book reviews how behavioural finance has traditionally addressed portfolio selection and explains how trust can be seen as a viable avenue to maximize advisors’ effectiveness and pursue clients’ needs. This book will be of interest to both behavioural finance scholars and practitioners interested in understanding what the future of financial advisory may have in stock.


Author : Kremena K. Bachmann
Enrico G. De Giorgi
Publisher : John Wiley & Sons
Release : 2018-05-10
Page : 256
Category : Business & Economics
ISBN 13 : 1119453739
Description :


An essential framework for wealth management using behavioral finance Behavioral Finance for Private Banking provides a complete framework for wealth management tailored to the unique needs of each client. Merging behavioral finance with private banking, this framework helps you gain a greater understanding of your client’s wants, needs, and perspectives to streamline the decision making process. Beginning with the theoretical foundations of investment decision making and behavioral biases, the discussion delves into cultural differences in global business and asset allocation over the life cycle of the investment to help you construct a wealth management strategy catered to each individual’s needs. This new second edition has been updated to include coverage of fintech and neurofinance, an extension of behavioral finance that is beginning to gain traction in the private banking space. Working closely with clients entails deep interpersonal give and take. To be successful, private banking professionals must be as well-versed in behavioral psychology as they are in finance; this intersection is the heart of behavioral finance, and this book provides essential knowledge that can help you better serve your clients’ needs. Understand the internal dialogue at work when investment decisions are made Overcome the most common behavioral biases—and watch for your own Learn how fintech and neurofinance impact all aspects of private banking Set up a structured wealth management process that places the client’s needs front and center Private banking clients demand more than just financial expertise. They want an advisor who truly understands their needs, and can develop and execute the kind of strategy that will help them achieve their goals. Behavioral Finance for Private Banking provides a complete framework alongside insightful discussion to help you become the solution your clients seek.


Author : Janine Firpo
Publisher : John Wiley & Sons
Release : 2021-04-19
Page : 320
Category : Business & Economics
ISBN 13 : 1119777100
Description :


Educate yourself about finance and socially conscious investing with a woman-centered approach Activate Your Money provides the foundational support women need to talk to each other about their money, invest to grow their wealth, and to take the actions required to shift their assets into alignment with their values. Written for smart, savvy women who want to feel financially empowered, Activate Your Money starts where other personal finance books leave off. It delivers the depth of information you need to make informed investment decisions across your entire portfolio. Starting with checking and savings accounts and proceeding asset class by asset class, this book provides you with core investment knowledge, as well as concrete examples about how and where you can invest your money in alignment with your values. You don't have to do it alone. As women, our strength is in relationships, and this book will help you use that strength to attain better financial outcomes for yourself and your family. Activate Your Money will help you find communities of support and position you to share your knowledge with other women and enable the next generation of smart, confident values-aligned investors. Activate Your Money also includes a companion website that contains downloadable tools you can use to take action and a curriculum that guides women through the process of starting and running their own values-aligned investment clubs. Step up your relationship with money and recognize the power you have to change the world through your investment decisions Demystify financial lingo, learn investment strategies, and acquire tools to help you grow your wealth Explore values-aligned investment options, asset class by asset class, and make informed decisions about where to put your money Break the taboo on discussing money with partners, advisors, friends, and daughters Unlike any other investing book out there, Activate Your Money offers expert guidance, a uniquely woman-centered approach, and a focus on doing good while doing well. Whether you are just starting out or are already a seasoned investor, this book has something for you. Use it as a reference that you can return to again and again as you build your knowledge, confidence, and values-aligned portfolio.


Author : Bryan Snelson
Michael Graham
Publisher : John Wiley and Sons
Release : 2009-10-08
Page : 288
Category : Business & Economics
ISBN 13 : 9780470677506
Description :


Praise for the previous edition, Portfolio First Aid "I'd categorize Portfolio First Aid as a serious investment primer that has the laudable, if ambitious, goal of raising the sophistication level of the general public." —Jonathan Chevreau, Financial Post "Portfolio First Aid has the right pedigree as an advice tome on healthy investing. Covers the bases of portfolio balance, building wealth, investing for income and managing risk." —The Edmonton Journal The financial meltdown has taken a severe toll on the finances of Canadians, and on their confidence in financial and investment advisors. Canadians need help to learn how to diagnose what is the greatest threat to their long-term financial well-being and to follow a course of treatment to recovery. Financial First Aid for Canadian Investors is for all the battered and bloodied investors whose portfolios are in tatters and who lack direction about what to do next. By examining the lessons to be learned from mistakes made in both good and bad markets, the authors address the common and recurring investment blunders they have witnessed over many years, and offer a clear prescription for how to repair wounded portfolios.