The Taxable Investor's Manifesto. Stuart E. Lucas

      

      Table of Contents

      1  Cover

      2  About the Author

      3  Acknowledgments

      4  Introduction

      5  CHAPTER ONE: Taxable Investors Need to Think Differently KEY CHAPTER TAKEAWAYS

      6  CHAPTER TWO: Diversify at the Right Time and in the Right Way KEY CHAPTER TAKEAWAYS

      7  CHAPTER THREE: Generate Value from That Magical Liability: Deferred Tax ALTERNATIVES TO SELLING KEY CHAPTER TAKEAWAYS

      8  CHAPTER FOUR: If You Want Wealth to Grow, Own Stocks OVER TIME, STOCKS OUTPERFORM BONDS GEOGRAPHIC DIVERSIFICATION MANAGING SHORT-TERM VOLATILITY ASSET LOCATION: TAXABLE, TAX-DEFERRED, OR TAX-EXEMPT? KEY CHAPTER TAKEAWAYS

      9  CHAPTER FIVE: Lengthen Time Horizon to Lower Risk and Enhance Returns KEY CHAPTER TAKEAWAYS

      10  CHAPTER SIX: Control Cash Flow to Perpetuate Purchasing Power KEY CHAPTER TAKEAWAYS

      11  CHAPTER SEVEN: Don't Be Misled by Performance KEY CHAPTER TAKEAWAYS

      12  CHAPTER EIGHT: Get Value from Active Management TACTICS FOR IMPROVING SUCCESS WITH ACTIVE MANAGERS KEY CHAPTER TAKEAWAYS

      13  CHAPTER NINE: Approach Alternative Investments with Skill and Skepticism, or Not at All HEDGE FUNDS ARE RARELY GOOD FOR TAXABLE INVESTORS PRIVATE EQUITY AND VENTURE MAY BE BETTER SCALE, STRUCTURE, AND TAX ARE IMPORTANT CONSIDERATIONS ARE YOU PREPARED TO INVEST? KEY CHAPTER TAKEAWAYS

      14  CHAPTER TEN: Plan Your Estate: It Adds More Value Than Investing KEY CHAPTER TAKEAWAYS

      15  CHAPTER ELEVEN: Shift from Success to Significance KEY CHAPTER TAKEAWAYS

      16  CHAPTER TWELVE: Reinforce Positive Family Culture through Financial Design KEY CHAPTER TAKEAWAYS

      17  CHAPTER THIRTEEN: Evaluate the Risks to This Approach KEY CHAPTER TAKEAWAYS

      18  CHAPTER FOURTEEN: Select an Advisor with Strong Investment Skills, an Interdisciplinary Approach, and a Fiduciary Mindset KEY CHAPTER TAKEAWAYS

      19  APPENDIX Additional Books about Taxable Investing

      20  Index

      21  End User License Agreement

      List of Illustrations

      1 Chapter 1FIGURE 1.1 A FRAMEWORK FOR TAXABLE INVESTING.

      2 Chapter 3FIGURE 3.2 TO SELL OR TO HOLD?

      3 Chapter 4FIGURE 4.2 LONG-TERM ROLLING REAL RETURNS FOR STOCKS AND BONDS.

      4 Chapter 5FIGURE 5.1 THE EFFECT OF TIME HORIZON ON STANDARD DEVIATION OF REAL RETURN.

      5 Chapter 7FIGURE 7.1 GROWTH OF $100, JANUARY 1, 1999, TO December 31, 2018.

      6 Chapter 8FIGURE 8.1 CONCEPTUAL FRAMEWORK OF THE RELATIONSHIP BETWEEN TRACKING ERROR A...FIGURE 8.2 SCREENING MATRIX FOR TAXABLE EQUITY MANAGERS.

      7 Chapter 10FIGURE 10.1 CREATE VALUE AT THE INTERSECTIONS.

      Guide

      1  Cover

      2 Table of Contents

      3  Begin Reading

      Pages

      1  ii

      2  iii

      3  iv

      4  v

      5  vii