Investing For Dummies - Eric Tyson

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their own small business

       Investing in real estate

      This book explains each of these wealth boosters in detail. Equally, if not more important, however, is the information I provide to help you understand and choose investments compatible with your personal and financial goals.

      The best investment vehicles for building wealth — stocks, real estate, and small business — haven’t changed. But you still need money to play in the investment world. Like the first edition of Investing For Dummies, the ninth edition of this national bestseller includes complete coverage of these wealth-building investments as well as other common investments, such as bonds. Here are the biggest changes in this edition:

       I’ve updated the data and examples in this book to provide you the latest insights and analyses. Having trouble comprehending whether the Federal Reserve’s interest rate policy will impact the stock market? Curious about how tax law changes may impact your investment strategies? Worried what impact the election will have on the economy and financial markets? Confused with the increasing array of retirement account savings options such as individual 401(k)s and Roth 401(k)s? Seeking a way to invest in stocks without exposing yourself to the tremendous risks experienced during the 2008 financial crisis or the 2020 coronavirus downturn? Curious about what an exchange-traded fund (ETF) or hedge fund is and whether you should invest in one? Wondering why people are talking about cryptocurrencies like Bitcoin and whether you should consider them? Contemplating using an online broker that is advertising “free” trading? Weighing whether and where to invest in real estate given current market conditions? Wondering what the best ways are to invest globally? Having trouble making sense of various economic indicators and what they mean to your investment strategy? You can find the answers to these questions and many more in this edition.

       I offer more information on investing resources. With the tremendous growth in websites, software, apps, publications, media outlets, and other sources of investing advice and information, you’re probably overwhelmed in choosing among the numerous investing research tools and resources. Equally problematic is figuring out who you can trust — and who you need to ignore. So many pundits and prognosticators claim excellent track records for their past predictions, but who, really, can you believe? I explain how to evaluate the quality of current investment tools and resources, and I provide tips on deciding who to listen to and who to tune out.

      To build wealth, you don’t need a fancy college or graduate-school degree, and you don’t need a rich dad (or mom), biological or adopted! What you do need is a desire to read and practice the many simple yet powerful lessons and strategies in this book.

      Every book is written with a certain reader in mind, and this book is no different. Here are some assumptions I made about you:

       You may have some investments, but you’re looking to develop a full-scale investment plan.

       You’d like to strengthen your portfolio.

       You want to evaluate your investment advisor’s or broker’s advice.

       You have a company-sponsored investment plan, like a 401(k), and you’re looking to make some decisions or roll it over into a new plan.

      If one or more of these descriptions sound familiar, you’ve come to the right place.

      Throughout this book, icons help guide you through the maze of suggestions, solutions, and cautions. I hope the following images make your journey through investment strategies smoother.

      

If you see this icon, I’m pointing out companies, products, services, and resources that have proved to be exceptional over the years. These are resources that I would or do use personally or would recommend to my friends and family.

      

I use this icon to highlight an issue that requires more detective work on your part. Don’t worry, though; I prepare you for your work so you don’t have to start out as a novice gumshoe.

      

I think the name says it all, but this icon indicates something really, really important — don’t you forget it!

Skip it or read it; the choice is yours. You’ll fill your head with more stuff that may prove valuable as you expand your investing know-how, but you risk overdosing on stuff that you may not need right away.

      

This icon denotes strategies that can enable you to build wealth faster and leap over tall obstacles in a single bound.

      

This icon indicates treacherous territory that has made mincemeat out of lesser mortals who have come before you. Skip this point at your own peril.

      In addition to the material in the print or e-book you’re reading right now, this product comes with a free access-anywhere Cheat Sheet that can set you on the path to successful investing. To get this Cheat Sheet, simply go to www.dummies.com and search for “Investing For Dummies Cheat Sheet” in the Search box.

      If you have the time and desire, I encourage you to read this book in its entirety. It provides you with a detailed picture of how to maximize your returns while minimizing your risks through wealth-building investments. But you don’t have to read this book cover to cover. If you have a specific question or two that you want to focus on today, or if you want to find some additional information tomorrow, that’s not a problem. Investing For Dummies, 9th Edition, makes it easy to find answers to specific questions. Just turn to the table of contents or the index to locate the information you need. You can get in and get out, just like that.

      Getting Started with Investing

       Get familiar with the different types of investments you have to choose from, including stocks, bonds, real estate, small business, and funds.

       Deepen your understanding of risks and returns so you can make informed investing decisions and react to changes in the market.

       Make wise investing decisions that fit with your overall financial situation and goals.

      Exploring Your Investment Choices

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