The Handy Investing Answer Book. Paul A Tucci

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      Financial challenges, such as whether you are looking for work, are something you should consider when evaluating your stock portfolio for risky versus safer investments.

      What are the two major stock exchanges?

      Although there are many different stock exchanges in the United States, the two most important ones are the NYSE and the NASDAQ. The NASDAQ is the second largest stock market in the world, behind only the NYSE in terms of market capitalizations.

      How old is the New York Stock Exchange?

      The New York Stock Exchange is the oldest stock market in the United States. It was founded in 1792 by 24 stockbrokers who met at 68 Wall Street, but it was not officially founded until a constitution was signed in 1817.

      What is the first step to accumulate wealth and savings?

      Most experts agree that you must first understand your financial picture, to see what areas need to be altered or changed, by identifying your net worth. Others believe you must first change your basic attitudes and beliefs about money and wealth in order to reach your financial goals. And still other experts believe you must first establish financial goals—without them, you have no way to attain success. Perhaps combining the above ideas is a prudent course of action.

      What is my “net worth”?

      Your net worth is one of the most important measurements of how much you are “worth” financially. Your net worth is the value of all your assets, including cash, stocks and bonds, mutual funds, retirement accounts, including your IRAs and 401(k)s, and equity in your homes, any metals (such as gold or silver), minus all of your liabilities, that may include car loans, mortgages, credit card debts, student loans, significant health-related expenses, and any other obligations you may incur.

      What is a “high net worth individual”?

      A high net worth individual is someone who has a net worth, excluding the value of his principal residence, in excess of $1 million.

      Why is knowing my net worth important to attain my financial goals?

      Understanding and computing your net worth provides instant feedback as to your ability to save money, shows you how indebtedness may drain your savings, and fund the costs of your borrowing to cover expenses. Knowing your net worth also provides you with a way to visualize how you, in certain conditions, create wealth through borrowing, especially if you borrow money at interest rates that are low enough, and invest this cash in, for example, a real estate market that has increasing values over time.

      What is the midpoint, or median net worth, of families in America?

      According to a 2007 report by the U.S. Census Bureau, the median or midpoint of all families reporting shows that their net worth is $221,500, of which nearly 90.3% is in the form of equity in their houses. Of course, since the crash of the real estate markets in the United States in 2008, this number has decreased in some markets rather significantly. But it does demonstrate that many families derive a great percentage of their net worth from home ownership.

       What are some of the most interesting books on investing?

      Some of the top investing books include: Edwin Lefèvre’s Reminiscences of a Stock Operator (1923), Jack Schwager’s Market Wizards (1988), William Falloon’s Charlie D. (1997), Benjamin Graham’s The Intelligent Investor (1949), Peter Lynch’s One Up on Wall Street (2012) and Beating the Street (1994), Philip Fisher’s Common Stocks and Uncommon Profits (2003), Michael Porter’s Competitive Strategy (1998), Adam Smith’s The Money Game (1976), John Train’s Money Masters of Our Time (2003), Anthony Crescenzi’s The Strategic Bond Investor (2010), Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds (1841), Gerald Loeb’s The Battle for Investment Survival (2007), Benjamin Graham and David Dodd’s Security Analysis (1934), Philip Lord Carret’s The Art of Speculation (1927), Burton Malkiel’s A Random Walk Down Wall Street (1973), and John Rothchild’s A Fool and His Money (1998).

      What kinds of information can help me understand and learn more about investing?

      There are many sources of information available to help you understand the financial world and the world of personal investing, including online blogs, newsletter feeds, thousands of websites, government websites, non-profit websites, weekly magazines, newspapers, books, and TV and radio programming.

      Isn’t it easier for me to just have a financial adviser, so that I don’t have to spend time learning about personal finance?

      No. In order to make the best use of anyone’s advice, you must take the time to be well informed so you can understand different options or strategies. Millions of people feel a financial adviser can make decisions for them, or that they can pay someone to “manage” their finances, so they need not learn about it. People often fail to learn enough about personal finance, and cannot tell the difference between bad advice and good advice. If you are not well informed about the myriad choices available to you and your advisers, it is very difficult to know what option is best for you.

      What are some good personal finance blogs?

      According to experts at the website www.technorati.com, some of the top personal finance blogs include: Free from Broke (http://freefrombroke.com/), Digerati Life (http://www.thedigeratilife.com/blog/), Oblivious Investor (http://www.obliviousinvestor.com/), Cash Money Life (http://cashmoneylife.com/), and Get Rich Slowly (http://www.getrichslowly.org/blog/).

      There is so much information online. How do I choose what to read?

      It is important to use the Internet to search for broad topics, beginning first with various financial sites, and then digging deeper into the subject before moving on to the next subject. If you study this information in small increments, over time you will learn a considerable amount about each of the areas of personal finance of interest to you. When you feel the subject matter is getting too technical for you, stop and move on until you are ready for more details. Websites are developed and produced in the same manner as newspapers and magazines. Editors and writers cover many topics, from basics on personal finance to very advanced technical analysis of individual stocks and trading strategies. Find websites that are at your level, and just dive in. If the story or topic is too deep, try Googling that word or phrase, and read a definition of it before continuing. After you do this daily or weekly, you begin to see similar stories covered many times, and you will be able to develop an opinion on that idea after reading so many different perspectives. This is how you begin to build СКАЧАТЬ