Debunkery (PDF)

Acknowledgments ix Introduction: Debunkery Made Easy xiii PART 1 Basic Bunk to Make You Broke 1 Bunk 1 Bonds Are Safer Than Stocks 5 Bunk 2 Well-Rested Investors Are Better Investors 9 Bunk 3 Retirees Must Be Conservative 13 Bunk 4 Age Equals Asset Allocation 17 Bunk 5 You Should Expect Average Returns 20 Bunk 6 "Capital Preservation and Growth" Is Possible! 23 Bunk 7 Trust Your Gut 26 Bunk 8 One Big Bear and You're Done 30 Bunk 9 Make Sure It's a Bull Before Diving In 34 Bunk 10 Growth Is Best for All Time. No, Value. No, Small Caps 39 Bunk 11 A Good Con Artist Is Hard to Spot 44 PART 2 Wall Street "Wisdom" 49 Bunk 12 Stop-Losses Stop Losses! 51 Bunk 13 Covered Calls . . . Gotcha Covered 54 Bunk 14 Dollar Cost Averaging--Lower Risk, Better Returns 57 Bunk 15 Variable Annuities Are All Upside, No Downside 60 Bunk 16 Equity-Indexed Annuities--Better Than Normal Annuities 65 Bunk 17 Passive Investing Is Easy 68 Bunk 18 Do Better With Mutual Funds by Sending Your Spouse on a Shopping Spree 72 Bunk 19 Beta Measures Risk 75 Bunk 20 Equity Risk Premiums--Forecasting Future Returns With Ease 80 Bunk 21 When the VIX Is High, It's Time to Buy 84 Bunk 22 Be Confident on Consumer Confidence 88 Bunk 23 All Hail the Mighty Dow! 92 PART 3 "Everyone Knows" 99 Bunk 24 So Goes January 101 Bunk 25 Sell in May 104 Bunk 26 Low P/Es Mean Low Risk 107 Bunk 27 A Strong Dollar Is Super 112 Bunk 28 Don't Fight the Fed 116 Bunk 29 Interest Pays Dividends 120 Bunk 30 Buy a 5% CD for 5% Cash Flow--Easy! 123 Bunk 31 Baby Boomers Retire, World Ends, Etc. 126 Bunk 32 Concentrate to Build Wealth 130 PART 4 History Lessons 135 Bunk 33 Pray for Budget Surpluses 137 Bunk 34 High Unemployment Is a Killer 143 Bunk 35 With Gold, You're Golden 148 Bunk 36 Stocks Love Lower Taxes 152 Bunk 37 Oil and Stocks Seesaw 158 Bunk 38 Swine Flu, SARS, Ebola, and Other Viral Disasters Make Markets Sick 163 Bunk 39 Consumers Are King 167 Bunk 40 Presidential Term Cycles Are Stock Market Voodoo 172 Bunk 41 My

KEN FISHER is best known for his prestigious "Portfolio
Strategy" column in Forbes magazine, where his over 25-year tenure
of high-profile calls makes him the fourth longest-running
columnist in Forbes's 90-plus year history. He is the founder,
Chairman, and CEO of Fisher Investments, an independent global
money management firm with over $32 billion under management (as of
6/30/10). Fisher is ranked #289 on the 2009 Forbes 400 list of
richest Americans, and #721 on the 2010 Forbes Global Billionaire
list. In 2010, Investment Advisor magazine named him as one of the
30 most influential individuals of the last three decades. Fisher
has authored numerous professional and scholarly articles,
including the award-winning article, "Cognitive Biases in Market
Forecasting," and has published six previous books, including the
New York Times and the Wall Street Journal bestsellers, The Only
Three Questions That Count, The Ten Roads to Riches, and How to
Smell a Rat, all of which are published by Wiley. Fisher has been
published, interviewed, and/or written about in many major
American, British, and German finance or business periodicals. He
has a weekly column in Focus Money, Germany's leading weekly
finance and business magazine.

LARA HOFFMANS is a content manager at Fisher Investments, a
contributing editor of MarketMinder.com, and coauthor of the
bestsellers, The Only Three Questions That Count, The Ten Roads to
Riches, and How to Smell a Rat.

Dieses eBook können Sie uneingeschränkt auf allen Geräten der tolino Familie lesen. Zum Lesen auf sonstigen eReadern und am PC benötigen Sie eine Adobe ID.