Your Financial Edge: How to Take the Curves in Shifting Financial Markets and Keep Your Portfolio on Track

Overview

The investing environment has changed dramatically in the lastten years: from taken-for-granted, double-digit annual returns instocks to double-digit losses and gains that are not even half ofwhat they used to be. This situation has affected everyone, fromthose making their first foray into investing to retirees searchingfor ways to get their financial portfolios back in order. Althoughit seems the world of investing will constantly be in a state offlux, you don't have to be!

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Overview

The investing environment has changed dramatically in the lastten years: from taken-for-granted, double-digit annual returns instocks to double-digit losses and gains that are not even half ofwhat they used to be. This situation has affected everyone, fromthose making their first foray into investing to retirees searchingfor ways to get their financial portfolios back in order. Althoughit seems the world of investing will constantly be in a state offlux, you don't have to be!

You're about to discover how to get better returns so you canbuild a bigger nest egg and make your savings last longer. Writtenby successful economist Paul McCulley and respected journalistJonathan Fuerbringer, Your Financial Edge helps you arrive at thefinancially profitable place you deserve to be, regardless of yourcurrent financial circumstances. Direct, informed, yet notintimidating in style, this smart book carefully examines today'stumultuous financial markets and helps everyday investors come togrips with the complexities of a global investment arena—sothat they can prepare for what is likely to occur in thefuture.

This insightful book will help you navigate the difficult curvesand the easier straightaways of investing—all of which are apart of today's financial landscape. Filled with practical advice,Your Financial Edge provides you with tips on:

  • How low your current risk level probably is, and intelligentways to raise it
  • The ins and outs of diversifying your portfolio—anessential part of managing risks
  • What can go wrong in the current investing environment and howto anticipate these events
  • Figuring out what Federal Reserve policy-makers are doing asthey are doing it—the authors' favorite leading indicator ofFed policy is also revealed
  • Which markets you should take more risk in, such as emergingmarkets

Maybe you have to do without the safety net of the pension thatwas promised to you or perhaps you're just beginning to take aserious look at your portfolio. No matter where you currently are,Your Financial Edge is filled with the advice you need to profitduring these rapidly shifting economic times and is one of the mostimportant books you will read on achieving your financialgoals.

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Product Details

  • ISBN-13: 9780470043592
  • Publisher: Wiley
  • Publication date: 6/22/2007
  • Edition number: 1
  • Pages: 244
  • Product dimensions: 6.42 (w) x 9.17 (h) x 0.93 (d)

Meet the Author

Paul Mcculley is a portfolio manager and Fed watcher who hasbeen with PIMCO, one of the nation's largest and most prestigiousfund companies, since 1999. He is an economist who has an MBA fromColumbia University and has worked on Wall Street for twenty-fiveyears—with stints at EF Hutton, Columbia Savings and Loan,and UBS Securities. McCulley has written about interest rates, thefalling dollar, the impact of China, Alan Greenspan, and much more.

Jonathan Fuerbringer was a reporter for the New YorkTimes for twenty-four years and, before that, for the WashingtonStar and the Boston Globe. When he was based in Wash-ington, hewrote about the Federal Reserve, Congress, and presidentialeconomic policy. He also covered the Washington fallout from thecrash of 1987. From New York, Fuerbringer followed the stock marketbubble of the 1990s and the aftermath of 9/11.

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Table of Contents

Acknowledgments ix

Introduction 1

1 New Steps 11

2 More Than Stocks, More Than Bonds 33

3 What Can Go Wrong 53

4 Reading the Federal Reserve 97

5 Prices and the Fed 125

6 McCulley 137

7 Speaking Of . . . 157

8 Driving Your Portfolio 185

Notes 223

Index 237

About the Authors 243

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