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Take advantage of the decades ahead and invest in your financial future today
You may be at the stage of your life where you're still watching every penny, but you know the earlier you invest, the more time your money has to work for you. Investing in Your 20s and 30s For Dummies provides novice investors with time-tested advice, along with strategies that reflect today's market conditions. You'll get no-nonsense guidance on how to invest in stocks, bonds, funds, and even real estate--complete with definitions of all the must-know lingo. You'll also learn about the latest investment trends, including using robo-advisors to manage your portfolio, relying on apps to make fast trades, and putting your hard-earned cash in digital currencies. Armed with the knowledge and strategies in this book, you can invest wisely, monitor your progress, and avoid risking too much. Today's investing landscape is changing at record speed, and this book helps you keep up. Find information on the latest tax laws, financial lessons learned from the COVID-19 pandemic, and popular funds for the 2020s.
Learn the investment basics you need to get started
Discover new tools and technologies that make it easier than ever to participate in the market
Build a diverse portfolio that reflects your values, financial goals, and risk tolerance
Feel more confident as you fund an investment account, choose equities or funds, and plan for the future
Make an impact with your money by selecting socially responsible investments
Figure out how much money to invest in employer-sponsored accounts or other retirement plans
If you're a little unsure about stepping into the world of investing, Investing in Your 20s and 30s For Dummies gives you the confidence you need to establish a smart investment strategy. Grab your copy today.
Auteur
Eric Tyson, MBA, is a bestselling personal finance author, counselor, and writer. He is the author of the national bestselling financial books Investing For Dummies, Personal Finance For Dummies, and Home Buying Kit For Dummies.
Texte du rabat
Discover your unique investing style!
Now is an exciting time to get started with investments. Stock trading apps, robo-advisors, ETFs, small business ownershipsetting your money in motion is a lot more fun than it used to be. And if you make your investing debut in your 20s and 30s, you can realize substantial returns by the time you retire. This book demystifies the stock market, government bonds, portfolio diversification, and beyond, so you can turn your hard-earned money into more money! The sooner you begin, the greener your future will be!
Inside. . .
Contenu
Introduction 1
About This Book 1
Foolish Assumptions 2
Icons Used in This Book 3
Beyond the Book 3
Where to Go from Here 3
Part 1: Getting Started with Investing 5
Chapter 1: Making Sense of Your Investing Options 7
Growing Your Money in Ownership Investments 7
Sharing in corporate growth and profits: Stocks 8
Profiting from real estate 9
Succeeding in small business 10
Making riskier choices: Options, cryptocurrencies, and so on 10
Keeping Money in Lending Investments 10
Understanding Risks and Returns 11
Realizing risks 11
Managing risks 13
Making sense of returns 14
Where to Invest and Get Advice 15
Finding the best fund companies and brokers 15
Finding an acceptable advisor 16
Chapter 2: Using Investments to Accomplish Your Goals 19
Setting and Prioritizing Your Shorter-Term Goals 19
Accumulating a rainy-day fund 20
Saving for large purchases 21
Investing for a small business or home 21
Saving for kids' higher educational costs 22
Investing short-term money 23
Investing in Retirement Accounts 23
Understanding retirement account perks 23
Grappling with retirement account concerns 24
Taking advantage of retirement accounts 25
Surveying retirement account choices 26
Selecting retirement account investments 29
Assessing Your Risk-Taking Desires 29
Chapter 3: Setting Your Return Expectations 31
Estimating Your Investments' Returns 32
Money market funds and savings account returns 32
Bond returns 33
Stock returns 34
Real estate returns 35
Small-business returns 36
Compounding Your Returns 36
The value of getting a few extra percent 37
Considering your goals 38
Chapter 4: Minimizing Your Taxes When Investing 39
Understanding Investment Taxes 40
Tracking taxation of investment distributions 40
Determining your tax bracket 41
Highlighting the Tax Cuts and Jobs Act bill .42
Devising tax-reduction strategies 44
Reducing Your Taxes When Selling Investments 45
Weighing nontax issues 45
Tuning in to tax considerations 46
Part 2: Preparing Your Investing Foundation 51
Chapter 5: Laying Out Your Financial Plans 53
First Priorities: Paying Off High-Cost Debt and
Building a Safety Reserve 54
Paying off high-cost consumer debt 54
Establishing an emergency reserve 55
What about Paying Down Other Debts? 56
Assessing student loans 56
Considering paying down mortgage debt 58
Sorting Out Your Financial Plans 58
Considering your investment options and desires 59
Assessing your savings rate 60
Investing regularly with dollar cost averaging 61
Knowing the Impact of Investing for College Costs 62
Paying for college 63
Considering educational savings account options 64
Investing money earmarked for college 65
Securing Proper Insurance 65
Chapter 6: Starting Out with Bank and Credit Union Accounts 67
Understanding FDIC Bank Insurance 68
Investing in Banking Account and Savings Vehicles 68
Bank checking accounts and debit cards 69
Savings accounts and certificates of deposit 70
Negotiating with Bankers 71
Feeling Secure with Your Bank 72
Evaluating any bank 72
Protecting yourself when banking online 73
Exploring Alternatives to Bank Accounts 75 Cre...