Del 4 - Fisher Investments Press

Own the World

How Smart Investors Create Global Portfolios

Inbunden, Engelska, 2009

239 kr

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Global investing isn't new. In fact, investors have been looking to overseas markets for hundreds of years, and with good reason. A global portfolio can bestow innumerable rewards on the savvy investor, yet many US investors remain woefully under-exposed to foreign equities. Despite the fact that US equity markets make up less than half of world markets, only a small portion of our investment dollars are allocated overseas. Even the most sophisticated investors have been deterred by misconceptions about the risks associated with owning foreign stocks or a lack of information about foreign markets. But the notion investment options are limited by borders is antiquated and downright detrimental to successful investing. Once considered the playground of only the ultra-rich or institutional investors, global investing is fast becoming not only possible, but a necessity, for every investor. As part of Fisher Investments Press, Own the World introduces readers to the vast advantages of seeking investment opportunities all over the planet. Own the World provides investors with tools to build a global portfolio and points out potential hurdles to avoid. It also educates readers on the nuts and bolts of foreign markets, how to easily understand them, and vehicles for investing there. By detailing the vast and currently underappreciated benefits of global investing and the distinct advantages of a global approach, as well as common pitfalls to avoid, Own the World can help readers to tread more confidently into global markets as they look to optimize their investment results.

Produktinformation

Utgivningsdatum2009-03-20
Mått158 x 231 x 20 mm
Vikt408 g
FormatInbunden
SpråkEngelska
SerieFisher Investments Press
Antal sidor224
FörlagJohn Wiley & Sons Inc
ISBN9780470285381

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Finansiering inom Ekonomi och Ledarskap

AARON ANDERSON is a Capital Markets Research Analyst at Fisher Investments where he focuses on global macroeconomic and market trends. He holds BS degrees in geophysics from the University of California, Santa Barbara and applied economics from the University of San Francisco. Anderson writes a regular column for MarketMinder.com titled “The Global View”, and instructs at investing seminars nationally. He and his wife Kim reside in Danville, California. They enjoy traveling (and investing) all over the world.

Preface ixAcknowledgments xiiiChapter 1 Who Needs a Global Investment Portfolio? 1The Most Important Question 2“Home, Sweet Home” Bias 4We’re Not Alone Out There 14Global Isn’t International 15Chapter 2 Not as Foreign as You Think 17Made in the USA 17A Day in the Life 23Chapter 3 Getting More for Less: Return Enhancement and Risk Management 31Risk and Return: The Dynamic Duo 31Keep Your Eye on the Globe 48Chapter 4 The Global Landscape 55An Economic Perspective 55What’s Your GDP Worth? 62Taking Stock . . . Globally 66Industry Classification 73GICS 73Chapter 5 Top-Down Investing 81Are You Down for Bottom-Up or Up for Top-Down? 81Top-Down Is Tops 83The Top-Down Process 86Step 1: Asset Allocation 86Step 2: Sub-Asset Allocation 90Step 3: Stock Picking 100Chapter 6 Four Steps to Investing Success 105Step 1: Choose a Benchmark 106Step 2: Analyze the Benchmark’s Components and Assign Expected Risk and Return 118Step 3: Blend Dissimilar Investments to Moderate Risk Relative to Return 124Step 4: Always Remember You Could Be Wrong, So Don’t Stray From the First Three Steps 126Chapter 7 I’m Convinced . . . Now Tell Me How 129Who Doesn’t Want More Time and Money? 129Mutual Funds 134Exchange-Traded Funds (ETFs) 144Depository Receipts 149Ordinary Shares 155Chapter 8 The Currency Effect 157The Almighty Dollar, Euro, Pound, Ringgit, Baht . . . 158Currency Trivia 162Wrangling Exchange Rates 165Currencies and Your Global Portfolio 172What’s a Global Investor to Do? 174Currency Strategies 175Trading Currencies (If You Dare) 177Chapter 9 Common Challenges in Global Investing 181Volatility Happens 183Dollars and Sense 185Political Risk 185Risks, Risks, and More Risks 190Notes 193About the Author 199Index 201