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| Preface | |
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| Publisher's acknowledgements | |
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| Author's acknowledgements | |
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| Foreword | |
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| Introduction | |
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| What should I do with my money? | |
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| Some eye-openers to get you thinking | |
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| How this book will help you | |
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| How this book works | |
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| A few points to note | |
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| Smarter investing basics | |
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| Simplifying the confusion | |
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| Choices, choices, choices | |
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| How did we get here? | |
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| Battling for investors' money | |
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| Reducing confusion and complexity | |
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| Covering the basics | |
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| What is smarter investing? | |
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| Ten points of focus for smarter investors | |
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| The two distinct phases of investing | |
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| There are no perfect answers | |
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| Summary: smarter investing basics | |
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| It only takes a minute | |
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| Twenty tips for smarter investing | |
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| Smarter thinking | |
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| Get smart - find your philosophy | |
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| Don't be a loser | |
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| The foundations of your philosophy | |
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| The path to establishing your philosophy | |
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| Can active managers win? | |
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| Do a few managers outperform over time? | |
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| Can you identify them in advance? | |
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| Don't just take my word for it | |
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| Summarising what you now know | |
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| A personal philosophy | |
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| Your investment philosophy rules | |
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| Get smart - manage your emotions | |
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| You are your own worst enemy | |
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| Challenges to decision-making | |
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| Thirteen questions for you to answer | |
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| Ms. Rational versus Mr. Irrational | |
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| Wise words to leave you with | |
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| Behavioural rules and tips | |
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| Building smarter portfolios | |
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| Understanding your emotional risk tolerance | |
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| What is your risk profile? | |
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| Why is it so important? | |
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| Exploring your risk profile | |
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| The process from here | |
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| Sorting out your goals | |
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| Well thought-out goals underpin success | |
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| Five steps in defining your goals | |
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| Basic financial survival goals | |
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| A working example | |
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| Useful calculations | |
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| Summary: investment goals | |
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| Smarter risk taking | |
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| 2008 - a violent introduction to risks | |
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| The cost of capital | |
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| Focusing on market risk | |
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| The risks and rewards of being a lender | |
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| The risks and rewards of being an owner | |
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| Therefore, risk choices are fortunately limited | |
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| Smarter portfolio construction | |
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| The portfolio building process | |
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| Construction goals and approach | |
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| Deciding on the asset class menu | |
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| Ground rules for the growth portfolio | |
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| Building your growth-oriented portfolio return engine | |
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| Building a robust defensive asset mix | |
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| Portfolios along the risk spectrum | |
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| Smarter portfolio choice | |
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| Understanding and using the matrix | |
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| Smarter Portfolio insights | |
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| An insight into key asset classes | |
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| The thrills and spills of equities | |
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| Voting machine v. weighing machine | |
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| An insight into equity market returns | |
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| Developed equity market returns | |
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| Emerging market equities | |
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| Value (less financially healthy) companies | |
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| Smaller companies | |
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| In summary - equity asset classes | |
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| Commercial property - a diversifier | |
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| Commodity futures - a bit esoteric | |
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| Defensive assets | |
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| Key asset classes excluded | |
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| Summary of asset class assumptions | |
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| Smarter implementation | |
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| Hire an advisor or do it yourself | |
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| Hiring an advisor | |
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| What attributes will a leading advisor have? | |
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| Checklist for finding a leading wealth advisory firm | |
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| The do-it-yourself option | |
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| Don't forget about tax | |
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| Smarter product choices | |
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| The serendipity of index-fund investing | |
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| Choosing your market index | |
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| Product structures | |
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| Selecting the best passively managed index funds and ETFs | |
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| Passive providers | |
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| A possible shortlist - caveat emptor! | |
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| Using active funds (if you must) | |
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| Costs - what a drag | |
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| Why do we throw our money away? | |
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| More than just management fees | |
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| Summary: costs - what a drag | |
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| Standing firm on index funds | |
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| Common put-downs | |
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| Bond investing: active or index? | |
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| Summary: favour index strategies | |
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| What about future equity returns? | |
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| Summary: the thrills and spills of equities | |
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| Conclusion | |
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| Bibliography | |
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| Websites | |
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| Insightful books | |
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| Data-oriented books | |
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| Asset allocation software | |
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| Additional sources | |
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| Appendix | |
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| Index | |