You are previewing Investing in Your 20s and 30s For Dummies.
O'Reilly logo
Investing in Your 20s and 30s For Dummies

Book Description

Investing in Your 20s & 30s For Dummies (9781119293415) was previously published as Investing in Your 20s & 30s For Dummies (9781118411230). While this version features a new Dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product.


The easy way to make sense of investing when you're just starting out

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?

Table of Contents

    1. Cover
    2. Introduction
      1. About This Book
      2. Conventions Used in This Book
      3. What You’re Not to Read
      4. Foolish Assumptions
      5. How This Book Is Organized
      6. Icons Used in This Book
      7. Beyond the Book
      8. Where to Go from Here
    3. Part 1: Understanding Investing Terms and Concepts
      1. Chapter 1: Making Sense of Your Investing Options
        1. Growing Your Money in Ownership Investments
        2. Keeping Money in Lending Investments
        3. Understanding Risks and Returns
        4. Where to Invest and Get Advice
      2. Chapter 2: Using Investments to Accomplish Your Goals
        1. Setting and Prioritizing Your Shorter-Term Goals
        2. Investing in Retirement Accounts
        3. Assessing Your Risk-Taking Desires
      3. Chapter 3: Setting Your Return Expectations
        1. Estimating Your Investment’s Returns
        2. Compounding Your Returns
      4. Chapter 4: Minimizing Your Taxes When Investing
        1. Understanding Investment Taxes
        2. Reducing Your Taxes When Selling Investments
    4. Part 2: Preparing Your Investing Foundation
      1. Chapter 5: Laying Out Your Financial Plans
        1. First Priorities: Paying Off High-Cost Debt and Building a Safety Reserve
        2. What about Paying Down Other Debts?
        3. Sorting Out Your Financial Plans
        4. Knowing the Impact of Investing for College Costs
        5. Securing Proper Insurance
      2. Chapter 6: Starting Out with Bank and Credit Union Accounts
        1. Understanding FDIC Bank Insurance
        2. Investing in Banking Account and Savings Vehicles
        3. Negotiating with Bankers
        4. Feeling Secure with Your Bank
        5. Exploring Alternatives to Bank Accounts
      3. Chapter 7: Managing Money Market Funds
        1. Defining Money Market Mutual Funds
        2. Understanding Money Market Fund Holdings
        3. Protecting and Accessing Your Money in Money Funds
        4. Using Money Market Funds in Your Investment Plan
        5. Shopping for the Best Money Funds
        6. Alternatives to Money Market Mutual Funds
    5. Part 3: Beginning Investments
      1. Chapter 8: Getting Your Slice of Capitalism with Stocks
        1. What Are Stocks?
        2. How (And Why) You Can Make Money with Stocks
        3. Timing Your Stock Buying and Selling
        4. Highlighting How to Invest in Stocks
        5. Maximizing Your Stock Market Returns
      2. Chapter 9: Securing Investment Income and Principal with Bonds
        1. Defining Bonds
        2. Using Bonds in a Portfolio
        3. How and Where to Invest in Bonds
      3. Chapter 10: Investing in Funds: Mutual Funds and Exchange-Traded Funds
        1. Understanding the Advantages of Funds
        2. Maximizing Your Chances for Fund Investing Success
        3. Creating and Managing a Fund Portfolio
        4. Identifying the Best Mutual Funds and ETFs
        5. Considering Alternatives to Investing in Funds
    6. Part 4: Advanced Investments
      1. Chapter 11: Seeking Shelter and Appreciation in Real Estate
        1. Comparing Owning a Home to Renting
        2. Figuring Your Home-Buying Budget
        3. Shopping for Your Home
        4. Investing in Investment Real Estate
      2. Chapter 12: Taking Your Talents to the Small-Business Arena
        1. Investing in Your Career
        2. Deciding to Start Your Own Business
        3. Turning a Business Idea into Reality
        4. Considering Small-Business Investment Options
      3. Chapter 13: Exploring Other Investment Vehicles
        1. Considering Gold and Other Precious Metals
        2. Contemplating Collectibles
        3. Understanding Annuities and Cash-Value Life Insurance
    7. Part 5: The Part of Tens
      1. Chapter 14: Ten Things to Know about Investing Resources
        1. Get Educated to Discern the Best from the Rest
        2. Beware “Free”
        3. Understand the Influence of Advertising
        4. Value Quality over Quantity
        5. Know How to Check Out a Resource
        6. Beware Hype and Exaggeration
        7. Don’t Assume Quoted Experts Know Their Stuff
        8. Investigate Gurus’ Claims
        9. Don’t Believe Investment-Newsletter Claims
        10. Check Out and Keep Up with My Favorite Resources
      2. Chapter 15: Ten Essential Tips for Investing Success
        1. Regularly Save and Invest 5 Percent to 10 Percent of Your Income
        2. Understand and Use Your Employee Benefits
        3. Thoroughly Research Before You Invest
        4. Shun Investments with High Commissions and Expenses
        5. Invest the Majority of Your Long-Term Money in Ownership Investments
        6. Avoid Making Emotionally Based Financial Decisions
        7. Make Investing Decisions Based on Your Plans and Needs
        8. Tap Information Sources with High Quality Standards
        9. Trust Yourself First
        10. Invest in Yourself and Others
    8. About the Author
    9. Connect with Dummies
    10. End User License Agreement