Investing in Your 20s & 30s For Dummies
Today's 20- and 30-somethings have witnessed a miserable investment market during most, if not all, of their adult lives. But going forward, the opposite is more likely to be true. In order to build a retirement portfolio that is capable of covering expenses in your golden years, it is necessary to start saving and investing while you are young. Investing in Your 20s & 30s For Dummies offers investment advice for taking the first steps as you star out on your own earning a livable income.
Investing in your 20s & 30s For Dummies cuts to the chase by providing emerging professionals, like yourself, the targeted investment advice that you need to establish your own unique investment style. Covering everything from evaluating assets and managing risk to demystifying what the phrase "diversifying your portfolio" really means, this guide offers expert investment advice that you shouldn't be without.
- Helps you determine your investment timeline and goals
- Offers plain-English explanations of investment lingo
- Includes tips for investing while having debt
- Guidance on where and when to seek investment advice
If you're in your 20s or 30s, the sooner you're investing, the more time you have to compound your returns and grow your portfolio. So what are you waiting for?
Part I: Understanding Investing Terms and Concepts 7
Chapter 1: Making Sense of Your Investing Options 9
Chapter 2: Using Investments to Accomplish Your Goals 21
Chapter 3: Setting Your Return Expectations 35
Chapter 4: Minimizing Your Taxes When Investing 45
Part II: Preparing Your Investing Foundation 57
Chapter 5: Laying Out Your Financial Plans 59
Chapter 6: Starting Out with Bank and Credit Union Accounts 77
Chapter 7: Managing Money Market Funds 91
Part III: Beginning Investments 105
Chapter 8: Getting Your Slice of Capitalism with Stocks 107
Chapter 9: Securing Investment Income and Principal with Bonds 125
Chapter 10: Investing in Funds: Mutual Funds and Exchange-Traded Funds 141
Part IV: Advanced Investments 167
Chapter 11: Seeking Shelter and Appreciation in Real Estate 169
Chapter 12: Taking Your Talents to the Small-Business Arena 191
Chapter 13: Exploring Other Investment Vehicles 205
Part V: The Part of Tens 215
Chapter 14: Ten Things to Know About Investing Resources 217
Chapter 15: Ten Essential Tips for Investing Success 225
Eric Tyson (www.erictyson.com) is an internationally acclaimed and bestselling personal finance book author, syndicated columnist, and speaker. He is also the author of the bestselling titles Personal Finance For Dummies and Investing For Dummies as well as Personal Finance in Your 20s For Dummies.