About this product

Product Identifiers

PublisherAmerican Bar Association

ISBN-101639050620

ISBN-139781639050628

eBay Product ID (ePID)28057265568

Product Key Features

Book TitleDiscerning Investor : Personal Portfolio Management in Retirement for Lawyers (And Their Clients)

Number of Pages228 Pages

LanguageEnglish

Publication Year2022

TopicPersonal Finance / Investing, Finance / Wealth Management, General, Personal Finance / Retirement Planning

IllustratorYes

GenreLaw, Business & Economics

AuthorJulie Jason

FormatTrade Paperback

Dimensions

Item Length10 in

Item Width7 in

Additional Product Features

LCCN2022-018155

TitleLeadingThe

Table Of ContentTable of Contents: Introducing Personal Portfolio Management Avoiding Mistakes: A Historical Perspective on the Stock Market Uncertainty: The Investor's Dilemma Measures for The Risk-Averse Investor Turning Inward: Preparing for the Future Creating Investment Objectives Setting Strategy Based on Three Goals Reports and Reviewing Progress Financial Firms: Who's Who and What to Expect as a Client Do Standards of Care Matter? Should They? Expect to Experience Conflicts of Interest: But Choose Not To Form CRS is Key Let's Talk: The SEC's "Conversation Starters" and More Introducing the "Know Your Representative Rule" The Future is Yours: What Will You Do Next?

SynopsisWinner of the 2023 EIFLE(Excellence in Financial Literacy Education) Award for Adults'' Book of theYear: Investing & Retirement Planning "A clear, concise, and wise guideto retirement planning." - Kirkus Reviews The Discerning Investor addressesthe critical time in your investor life cycle: your transition into retirement. Never having retired before, you may continue managing your investmentsas you did in your 40s and 50s, not realizing that handling finances inretirement calls for a completely different approach, one that secures 30 yearswith no paycheck. The Discerning Investor lays out the framework for conceptualizinga retirement portfolio, with an emphasis on anticipating and thusavoiding mistakes such as misjudging risk. Part I of the book starts with basic principles, introducing personal portfolio managementand examining how to manage uncertainty, which is part of every investor''slife. Part II focuses on the "personal" part of portfolio management,helping you understand your "numbers" and needs, including how to calculateyour retirement income gap, how to judge the source of cash flow to fuelwithdrawals, how to project future needs and how to set investment objectivesand monitor progress. Part III provides insights and tools for understanding theexperts who offer retirement portfolio management services, as well as forcomparing firms based on their service models, with a special focus onconflicts of interest that get in the way of unbiased advice. The author''sunique perspective and expertise are particularly apparent in her detailedoverview of Form CRS, a disclosure document mandated by the SEC that was rolledout in June 2020. Form CRS can help you to quickly grasp what your clientexperience might be like with a given brokerage or investment advisory firm. Part IV returns to personalization and offers self-assessmenttools to help you flesh out your investment strategy and move from planning toaction. An innovative assessment tool (Know Your Representative Rule), modeledon the brokerage industry''s Know Your Customer Rule, helps you put things intoperspective based on your own personal views. The Discerning Investor gives you insights and aframework upon which to shape your own way of managing your retirementportfolio. Kirkus Reviews concludes: "Jason''spresentation is intellectually rigorous--instead of self-help-style nostrums,she furnishes concrete, actionable advice substantiated with empirical data.Moreover, despite necessary excursions into technicality, this is a thoroughlyreadable book that will be entirely accessible to those with a limitedunderstanding of investment strategy. "Another ofits virtues is that it never dispenses hyperbolic promises and unflinchinglyconfronts the reality of risk: ''In my experience, the most satisfied investorsare those who embrace the investor''s dilemma, understanding that risk(uncertainty) and reward (high returns) are forever and always intertwined.'' "Overall, this is animpressively informative book that attests to the author''s 30-plus years ofexperience in the financial industry.", Winner of the 2023 EIFLE (Excellence in Financial Literacy Education) Award for Adults' Book of the Year: Investing & Retirement Planning "A clear, concise, and wise guide to retirement planning." - Kirkus Reviews The Discerning Investor addresses the critical time in your investor life cycle: your transition into retirement. Never having retired before, you may continue managing your investments as you did in your 40s and 50s, not realizing that handling finances in retirement calls for a completely different approach, one that secures 30 years with no paycheck. The Discerning Investor lays out the framework for conceptualizing a retirement portfolio, with an emphasis on anticipating and thus avoiding mistakes such as misjudging risk. Part I of the book starts with basic principles, introducing personal portfolio management and examining how to manage uncertainty, which is part of every investor's life. Part II focuses on the "personal" part of portfolio management, helping you understand your "numbers" and needs, including how to calculate your retirement income gap, how to judge the source of cash flow to fuel withdrawals, how to project future needs and how to set investment objectives and monitor progress. Part III provides insights and tools for understanding the experts who offer retirement portfolio management services, as well as for comparing firms based on their service models, with a special focus on conflicts of interest that get in the way of unbiased advice. The author's unique perspective and expertise are particularly apparent in her detailed overview of Form CRS, a disclosure document mandated by the SEC that was rolled out in June 2020. Form CRS can help you to quickly grasp what your client experience might be like with a given brokerage or investment advisory firm. Part IV returns to personalization and offers self-assessment tools to help you flesh out your investment strategy and move from planning to action. An innovative assessment tool (Know Your Representative Rule), modeled on the brokerage industry's Know Your Customer Rule, helps you put things into perspective based on your own personal views. The Discerning Investor gives you insights and a framework upon which to shape your own way of managing your retirement portfolio. Kirkus Reviews concludes: "Jason's presentation is intellectually rigorous--instead of self-help-style nostrums, she furnishes concrete, actionable advice substantiated with empirical data. Moreover, despite necessary excursions into technicality, this is a thoroughly readable book that will be entirely accessible to those with a limited understanding of investment strategy. "Another of its virtues is that it never dispenses hyperbolic promises and unflinchingly confronts the reality of risk: 'In my experience, the most satisfied investors are those who embrace the investor's dilemma, understanding that risk (uncertainty) and reward (high returns) are forever and always intertwined.' "Overall, this is an impressively informative book that attests to the author's 30-plus years of experience in the financial industry."

LC Classification NumberKF316.7.J37 2022