| Forward |
| This section, written by Fiscal Agents' President
Rob Whipp, discusses the focus of the book and the goals it will assist
you in reaching. |
| Principle
1: Focus On Time |
| Understanding the link between time, your life
span and successful investing |
| Principle
2: Time as a Friend, Time as a Foe |
| How time matters to investors; facing up to
the realities of time limitations; the magic of compound interest;
the Rule of 72 |
| Principle
3: The Frugal Investor |
| Prudent investing; taking stock and making
a decision to plan your future; exercising discipline over time; dealing
with the constraints of time |
| Principle
4: Setting Goals and Recognizing Values |
| Evaluate your values and goals; values versus
goals; developing a relationship with your advisor; money and its
purposes; modifying goals over time; keeping records |
| Principle
5: Developing a Blueprint |
| Decisions and consequences; taking stock of
resources, evaluating options and establishing priorities; tax planning
and planning for liquidity; diversification; risk and volatility;
investment- quality risk, market risk, inflation and taxation; the
risk/reward tradeoff; assessing risk tolerance |
| Principle
6: The Importance of Insurance |
| Earning capacity is an asset that should be
protected through insurance; insurance as a consideration in an overall
financial plan; critical-care insurance |
| Principle
7: Building a Portfolio |
| Developing a plan that meets specific needs;
more on taxes and liquidity; defining financial security; today's
retirement realities; evaluating investment products |
| Principle
8: Diversification And Asset Allocation |
| Diversifying your portfolio to incorporate
winners; winners and losers; asset allocation based on wealth, age,
geography; taking care of short-term, immediate and long-term needs;
Templeton revisited; lump sums and dollar-cost averaging |
| Principle
9: Monitoring And Buy-And-Hold |
| Monitoring your plan from a time perspective;
the luxury of buy-and-hold; the value of investment experience; market
cycles and the balanced portfolio; dealing with market downturns;
forced savings; re-examining your portfolio; taking advantage of low
prices |
| Principle
10: Estate Planning |
| Retirement and the end of accumulation mode;
capital preservation; tax planning and capital gains; business succession;
selling real estate; wills and charitable gifting |
| The
Happy End |
| Financial plans in action: decisions and consequences;
sunny futures |
| In
A Nutshell |
| Investment principles to live by. |
