Secure Your Financial Future Investing in Real Estate

EBook Description: Property ownership can create a comfortable retirement income. Stock market volatility is causing people to examine different investment options, and real estate is emerging as a leading choice. Learn how to create a fulfilling, predictable, and prosperous nest egg. Secure Your Financial Future Investing in Real Estate, by two leading practitioners, Martin Stone and Spencer Strauss, presents time tested principles of planning, appraising, financing, purchasing and managing almost every type of profitable real estate investment. Secure Your Financial Future Investing in Real Estate advises readers how to build a retirement portfolio using techniques such as leverage, compound interest, and tax deferred exchanges. The authors believe that anyone who uses the moneymaking techniques can safely and successfully create a fulfilling, wealthy, and abundant retirement.

Despite the current volatility in housing markets around the world, property ownership continues to be seen as safer and more reliable than many other types of investment. However, property investment remains a complex business - for example, What type of investment is best for a portfolio? Has every single expense been accounted for in renovating that 'bargain' property? What exactly are the implications of the credit crunch and the sub-prime market for the average property investor?"The Complete Guide to Investing in Property" looks at all aspects of generating money from property - whether that be by renting out spare rooms to lodgers, property development, buying land, holiday rentals or becoming a landlord. Fully updated for this fourth edition, it takes a fresh look at investing in the social housing market and using property as part of a pension plan, as well as providing commentary on the latest legislative developments governing landlords and tenants.

Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing

�They laid out a road map for investing that I have now been following for 57 years. There�s been no reason to look for another.�
�Warren Buffett, on the writings of Benjamin Graham

Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon.

During these events�and perhaps inspired by them�Graham began writing articles for The Magazine of Wall Street, putting to paper his earliest ideas on value investing and security analysis.

For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors.

The early works of Benjamin Graham have never been as relevant as they are today. The world�s markets are undergoing changeon a scale not unlike that of Graham�s era. David Darst, one of the world�s most respected experts on asset allocation, provides insightful analyses connecting Graham�s articles to events today.

,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author�s death.

Energy Trading and Investing: Trading, Risk Management and Structuring Deals in the Energy Market

�The essential training manual for anyone who expects to profi tably engage the energy market while avoiding the devils lurking in the details.�
Kurt Yeager, former President and CEO of the Electric Power Research Institute and coauthor of Perfect Power

Shrinking fossil fuel supplies, volatile prices, deregulation, and environmental conservation have transformed the energy market into a major arena for making money. In response, an unprecedented amount of capital and investment manpower has fl ooded into the energy market. Older utilities are finding that their quiet, safe business has changed dramatically in a short period of time.

Now, Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and fi nancial details that every market participant needs for success.

This hands-on guidebook covers all types of energy markets�from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products.

Energy Trading and Investing features:

An overview of the entire energy market
In-depth descriptions of all of the major energy commodities
Financially oriented discussions of how chemistry, physics, accounting, and option pricing affect trading
Primers on load forecasting, tolling agreements, natural gas storage, and more
A practical introduction to risk management
Written by a pioneering quant in the energy market, Energy Trading and Investing provides a highly disciplined and organized approach to profi ting from energy investments. This potent combination of detailed, up-to-date information alongside expert know-how thoroughly prepares you to invest and trade with confi dence in the energy market.

If you�re a serious trader, you need to understand the energy markets, and Energy Trading and Investing is the only book you need to trade successfully in this growing sector.

Investing in Hedge Funds

"In light of the dramatic increase of investments in hedge funds, the recent media attention, and the widespread need to better understand these complex strategies, Joe Nicholas has created a key investor guide to hedge funds, including the unique and valuable perspective of having top hedge fund managers describe what they do in their own words."
�Timothy J. Leach
Chief Investment Officer, U.S. Trust Corp.

"Investing in Hedge Funds is the first comprehensive study of what hedge funds are and how they work. This is an essential book for all investors curious about alternative investment strategies. Joseph Nicholas details the range of investment strategies pursued by hedge fund managers and writes in a clear, lucid style. I highly recommend this book to academics and professionals who want to learn about hedge funds."
�Professor William N. Goetzmann
Director, International Center for Finance, Yale School of Management

"Joseph Nicholas provides an extraordinary analysis of hedge funds that clearly explains what they are and how they work. This book is a must-read for anyone looking to reduce investment risks and increase performance."
�William B. Nicholson
Chairman and Chief Executive Officer, Capital Resource Advisors

The Little Book Of Behavioral Investing

Ben Graham, the father of value investing, once said: "The investor's chief problem�and even his worst enemy�is likely to be himself." Sadly, Graham's words are still true today. Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Fortunately, behavioral finance, which recognizes that there is a psychological element to all investor decision making, is now firmly embedded in the mainstream of finance. Applying behavioral principles to an investment portfolio can help investors avoid some of the mental pitfalls that so often cost them, and financial institutions, billions.

In The Little Book of Behavioral Investing, behavioral finance expert James Montier takes you on a guided tour of the most common behavioral challenges and mental pitfalls that investors encounter, and provides you with strategies to eliminate these traits. Along the way, he shows how some of the world's best investors have tackled the behavioral biases that drag down investment returns, so that you might be able to learn from their experiences.

Page by page, Montier explains the importance of learning to prepare, plan, and then commit to a strategy�that is, do your investment research while you are in a "cold" rational state, when nothing much is happening in the markets�and then pre-commit to following your analysis and action steps. He also stresses the folly of trying to forecast what the markets will do, and reveals how the idea of investing without pretending you know the future gives you a very different perspective. Throughout the book, Montier stresses why the need to focus on process rather than outcomes is critical in investing. Focusing upon process, he shows, frees us up from worrying about aspects of investment that we really can't control�such as returns. By focusing upon process, we maximize our potential to generate good long-term profits.

The Little Book of Behavioral Investing offers a range of time-tested ways to identify and avoid the pitfalls of investor bias. By following these simple strategies, you will learn to overcome your own worst enemy when it comes to investments�yourself.

Investment Madness: How Psychology Affects Your Investing...And What To Do About It

Why'd you fall for that Internet stock? Why do you always seem to buy high and sell low? Why does it look like everyone else is getting rich but you? As an investor, your emotions are your biggest obstacles - cutting your returns, and raising your risks. Drawing on the new science of behavioral finance, Investment Madness will show you how to take control of your emotions - and maximize your profits. Nofsinger shows how to think about your investments more clearly, without the overconfidence that leads many investors to take too many risks, and lower their returns. You'll gain insight into how your self-image impacts your investment decisions, and how to recognize when pride or avoiding feelings of regret are preventing you from taking appropriate action. Discover how to place your recent investment experiences - good and bad - in realistic perspective. Learn how to avoid the human tendency to stay with only the financial instruments you're already comfortable with. Finally, understand how the human brain handles investment memories - and how what you remember may not always be what happened. For every investor, amateur and professional alike.

Never Buy Another Stock Again

Why buying stocks is an even worse strategy than you thought
How to cut costs and risks, earn solid returns, and sleep at night
By top Reuters financial journalist David Gaffen, founder of The Wall Street Journal�s MarketBeat
Millions of people have sacrificed their futures to disastrous stock performance. But you don�t have to �suck it up� and accept massive losses. Never Buy Another Stock Again offers you a common-sense approach to investing that helps you earn solid returns with less cost, less risk, and less fear.

Top financial journalist David Gaffen identifies portfolio components and asset classes that make sense when individual stocks don�t�shows how to avoid trendy new investments that are just as bad as stocks�helps you use cash wisely, carefully profit from ETFs and index funds, and offset the risks of any stocks you choose to keep.

Want to build wealth that won�t be washed away by the next stock price collapse? Never Buy Another Stock Again!



About the Author
David Gaffen has been covering the ups-and-downs of the financial markets for 15 years. He is currently an editor at Reuters, overseeing a team that reports on the stocks, bonds and foreign exchange markets. He was the founding writer and editor of the Wall Street Journal�s MarketBeat blog, which he wrote for more than three years, and was nominated for an Editor and Publisher Eppy Award. He has made numerous TV and radio appearances, including Fox Business, CNN International, and NPR. He lives in Westchester County, New York, with his wife and two children.

While this book was written during his tenure as a Reuters correspondent, Reuters has not been involved with the content or tone of this book, which are his responsibility alone.

The Great Deleveraging

In the wake of massive debt creation, history�s greatest deleveraging is now underway. The next decade will be brutal. The Great Deleveraging will help you navigate the coming years, distinguish between �fake� growth and the real thing, and earn solid returns in markets and sectors poised for sustainable growth.

From the Back Cover
In a World of Debt and Bubbles, Learn Important Lessons to Navigate These Turbulent Times

�Dickson and Shenkar do a masterful job of wrapping context around the current crisis and mapping the territory ahead. But where others are satisfied to merely describe, the authors provide a clear strategic context for investors seeking long-term opportunities amidst today�s uncertainty and confusion. The Great Deleveraging is a compelling, insightful read that at once informs and guides the reader through the financial turbulence that has become the new normal.�
�Paul Saffo, Managing Director, Foresight, DISCERN, and Distinguished Visiting Scholar, Stanford Media-X Research Network


�In The Great Deleveraging, Chip Dickson and Oded Shenkar place the bewildering events of recent years into historical context and map out the changes they see for the investment landscape of the future.�
�Warren Hatch, PhD, CFA, Catalpa Capital Advisors

�This invaluable one-of-a-kind book tackles the number-one economic issue of the early 21st century (excessive systemic financial leverage) and even provides a framework for investment success. Capital market students and investors alike will greatly benefit from a close study of the details, methods, and analyses incorporated in this timely treatise at such a critical junction in financial market history.�
�Jack Malvey, CFA, Global Capital Markets Consultant, Former Chief Global Fixed-Income Strategist, Lehman Brothers

�The Great Deleveraging is packed with important financial clues and warning signals from a well-respected pro and a leading academic, to help you recognize the signs of a future financial calamity.�
�A. Michael Lipper, CFA, President, Lipper Advisory Services, Inc.

In the past decade, the United States experienced two periods of excessive growth followed by two massive financial collapses: the technology and housing bubbles. Both were caused by illusions of growth and wealth creation: Much of the foundation was not real. As an investor, how can you distinguish between �fake� growth and the real thing? What disciplines help you find solid returns and provide warning signs about bubbles?

Former Wall Street analyst, strategist, and Associate Director of Equity Research Chip Dickson and leading global business scholar Oded Shenkar first identify the policies and characteristics of societies most likely to generate real economic growth and investor wealth. Next, they outline specific lessons learned about bubbles and growth from nearly a century of investment returns. Finally, they identify global markets and sectors that appear well poised for sustainable growth.

In the wake of massive debt creation, history�s greatest deleveraging is now underway. For many investors, the next decade will be brutal. This book�s messages are designed to help achieve real profits and create real wealth. They are meant to help you navigate a challenging environment�and, hopefully, thrive.

Massive debt in the United States
Where it came from and its implications
Stable economies, stable industries, solid investments
Thoughts on finding solid, sustainable growth opportunities in an unstable global economy
Lessons from 90 years of real asset class returns
The history may surprise you, and it should give you greater perspective
Long-term opportunities from three emerging economies
Markets that appear poised for sustainable, real growth

Behavioural Investing

Behavioural investing seeks to bridge the gap between psychology and investing. All too many investors are unaware of the mental pitfalls that await them. Even once we are aware of our biases, we must recognise that knowledge does not equal behaviour. The solution lies is designing and adopting an investment process that is at least partially robust to behavioural decision-making errors.

Behavioural Investing: A Practitioner�s Guide to Applying Behavioural Finance explores the biases we face, the way in which they show up in the investment process, and urges readers to adopt an empirically based sceptical approach to investing. This book is unique in combining insights from the field of applied psychology with a through understanding of the investment problem. The content is practitioner focused throughout and will be essential reading for any investment professional looking to improve their investing behaviour to maximise returns. Key features include:

* The only book to cover the applications of behavioural finance
* An executive summary for every chapter with key points highlighted at the chapter start
* Information on the key behavioural biases of professional investors, including The seven sins of fund management, Investment myth busting, and The Tao of investing
* Practical examples showing how using a psychologically inspired model can improve on standard, common practice valuation tools
* Written by an internationally renowned expert in the field of behavioural finance

The Five Rules for Successful Stocks Investing

MbOver the years, people from around the world have turned to Morningstar for strong, independent, and reliable advice. The Five Rules for Successful Stock Investing provides the kind of savvy financial guidance only a company like Morningstar could offer. Based on the philosophy that "investing should be fun, but not a game," this comprehensive guide will put even the most cautious investors back on the right track by helping them pick the right stocks, find great companies, and understand the driving forces behind different industries--without paying too much for their investments.<br>Written by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five Rules for Successful Stock Investing includes unparalleled stock research and investment strategies covering a wide range of stock-related topics. Investors will profit from such tips as:<br>* How to dig into a financial statement and find hidden gold . . . and deception<br>* How to find great companies that will create shareholder wealth<br>* How to analyze every corner of the market, from banks to health care<br>Informative and highly accessible, The Five Rules for Successful Stock Investing should be required reading for anyone looking for the right investment opportunities in today's ever-changing market.

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