Investing Strategies for the High Net-Worth Investor: Maximize Returns on Taxable Portfolios

Investing Strategies for the High Net-Worth Investor: Maximize Returns on Taxable Portfolios

by Niall J. Gannon


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Product Details

ISBN-13: 9780071628204
Publisher: McGraw-Hill Professional Publishing
Publication date: 12/07/2009
Pages: 320
Product dimensions: 6.20(w) x 9.10(h) x 1.10(d)

About the Author

Niall J. Gannon is the lead member of the
Gannon Group at Smith Barney and was named "portfolio manager of the year" by the Portfolio Management Institute and he is an active member of the Institute for Private Investors.

Table of Contents

1. History of Stocks and Bonds After Tax
2. Why Wall Street Failed to Deliver Investment Advice Targeting the Taxable Investor
3. What Can Be Learned from the Investing Habits of Institutional Investors, Such as Endowments and Pension Plans?
4. How are Wealthy Investors Investing Today and What Are They Missing?
5. Portfolio Turnover and the Process of Managing Portfolios in Light of Taxes
6. Do Taxes Treat All Asset Classes Equally?
7. A Word About Risk: Standard Deviation and Michael Jackson
8. Behavioral Finance and the Wealthy Investor
9. Forward-looking Habits for Monitoring and Adjusting Portfolio Mixes
10. Investing as a Business Owner
11. What Fuels the Investment Engine of a Portfolio?
12. Portfolio for the Long Run: Taxes, Fees, Spending, Inflation

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Investing Strategies for the High Net-Worth Investor: Maximize Returns on Taxable Portfolios 4 out of 5 based on 0 ratings. 1 reviews.
buchowl on LibraryThing 8 months ago
There comes a point in wealth creation where the universe as you know it, changes.Suddenly, everything that got you there no longer works and if you want to continue keeping that wealth for you or future generations you'd better rethink your plans as everyone (especially the government) seems intent on parting you with your cash. Inflation and/or taxes are the two biggest worries for long term wealth unless you want to fall into the cliche of 'shirt sleeves to sleeves in three generations' - it becomes a point of not how much you make but how much you keep. This book is the answer to those questions. It takes you through any strategy you can think of and many that you wouldn't have. While this book has convinced me that having one or several advisors is a wise decision (as tax law changes constantly and a dedicated professional will find it easier to keep up), it also gives me the tools to keep from being taken in by a good song and dance (think Bernie Madoff). It also helps you pick the strategy that would be most fitting to the situation you find yourself in. This book has the qualities I like best in financial books - end of chapter summaries, case studies, charts and graphs, and no or little selling of the author's particular service. A feature I found especially interesting and scarily enlightening was a history of top tax bracket taxation and what it will do to one's assets in the long term. The book also takes you through the steps of how to judge the performance and value addition of a financial advisor - this alone is for me worth the price of the book. This is not an intimidating book to read - if you have basic knowledge of stocks/bonds you'll be able to read this book. Excellent book, highly recommended.