These books cover the waterfront: budgeting, insurance, buying a homely house, investing, pension planning, wills — you name it. Making the Most of your Money Now, by Jane Bryant Quinn. This book covers everything; that’s why it’s over 1000 pages. An excellent reference, best used to research specific topics as they become priorities.
Wealth Odyssey, by Larry Frank. A short (about 100 pages), but effective, overview. An excellent intro that’s especially best for people that have limited financial backgrounds. Barrons Guide to Making Investment Decisions, by Douglas Sease and John Prestbo: A nice overview of all asset classes (stocks, bonds, real estate, etc.), nevertheless, you may have trouble finding a copy of these full days. Bogle on Mutual Funds, by John Bogle, founder of The Vanguard Group. Excellent reserve on investing in bond and stock shared money.
- This JPMorgan Chase Business Segment Is Absolutely Booming
- Shri N. Rangachary, former Chairman CBDT & IRDA – Chairman
- 40% of the accumulated corpus can be withdrawn without taxes levied on it
- 2 – Put strategies ahead of investments
- Some rents
- Investor’s risk tolerance
- 4,000 LAYOFFS PLANNED
- The Expenditure Method
A Random Walk Down Wall Street, by Burton Malkiel. Good explanation of modern profile theory (how to create an investment-stock portfolio) from one of the major proponents of index investing. Some parts are a little technical. The Intelligent Investor: This classic, by Benjamin Graham, “the father of value investing,” is oriented towards stock, not mutual fund, investing. Nevertheless, it’s still relevant history for mutual account investors. The biggest financial errors I see people make aren’t caused by their deficiencies in accounting.
These books deal with “the mindset of money.” This emerging field is sometimes called behavioral financing. Why Smart People Make Big Money Mistakes and How to Correct Them, by Gary Thomas and Belsky Gilovich. Extraordinary Popular Delusions & the Madness of Crowds, by Charles MacKay. Irrational Exuberance, by Robert Shiller.
This one focuses on more recent real property and stock bubbles. Fooled by Randomness, by Nassim Taleb. Fascinating reserve about the misunderstood role that chance has life and in the markets “in.” Not very well crafted, but was a best-seller anyway. That must let you know something. Note: the first one is the only one which are “officially” from the field of behavioral economics, but I think the others work similarly.
September 30 – Bloomberg (Liz McCormick): “Quarter-end is often a tumultuous period. Banking institutions rein in guarantee financing as they shore up balance bed linens typically, driving up rates on repurchase agreements. When banks curb repo activity, money funds — the main element cash providers in the transactions — need choice places to invest. Before few years, one option they’ve turned to is directing more income into the Federal Reserve’s change report, the tool the central bank or investment company uses to place a floor under its target for overnight rates. But this one-fourth, the movements are unusual, partly because of the looming Oct. 14 deadline for the overhaul of rules governing money funds.
Three-month Treasury expenses rates ended the week at 28 bps. Two-year government produces slipped a basis point to 0.76% (down 29bps y-t-d). Greek 10-calendar-year yields fell 13 up to 8.10% (up 78bps-y-t-d). Japan’s Nikkei 225 equities index dropped 1.8% (down 13.6% y-t-d). Japanese 10-12 months “JGB” yields slipped five up to negative 0.10% (down 36bps y-t-d). The German DAX equities index dropped 1.1% (down 2.2%). Spain’s IBEX 35 equities index slipped 0.5% (down 8.0%). Italy’s FTSE MIB index slipped 0.3% (down 23%). EM equities were lower.
2.0 billion (from Lipper). Freddie Mac 30-year fixed home loan rates fallen six up to 3.42% (down 43bps y-o-y). 1.614 TN, or 57%, over the past 203 weeks. 865bn, or 7.1%, over the past year. 41.3bn. Small Time Deposits was about unchanged. September 29 – Bloomberg (Kyoungwha Kim): “Hedging against further declines in Asia’s worst-performing currency is becoming so expensive that some global investors are throwing in the towel on Yuan bonds. The cost of swapping dollars for China’s currency has increased above the produces on onshore sovereign notes as depreciation expands into another 12 months. The U.S. dollar index was little transformed at 95.42 (down 3.3% y-t-d). The Goldman Sachs Commodities Index surged 3.7% (up 16.9% y-t-d).
September 29 – Bloomberg: “Even amid the slowest economic growth in 25 % hundred years, China’s homeowners are enjoying earnings that put other asset classes to shame – on paper, anyway. Month Home prices rose the most in six years last, defying new guidelines to suppress extreme speculation in big towns and federal government warnings about asset bubbles.