Solid financial guidance for anyone looking to build and protect their wealth Every day, nationally recognized financial advisor Alan Haft helps his clients reach their financial goals and increase their standard of living. Now, in You Can Never Be Too Rich , Haft uses his vast knowledge base, highly innovative investment concepts, and entertaining style of writing to create proven investment solutions that will help readers minimize risk and take advantage of opportunities that lead to financial security for a lifetime. With this essential guide, Haft walks readers through the process of building and protecting wealth-and reveals the financial secrets that most investment professionals aren't aware of. You Can Never Be Too Rich clearly focuses on how people-whether they're just starting to work or are well on their way to retirement-can build a sizeable nest egg without getting caught up in market swings, taxes, or poor investment decisions. In this book, Haft doesn't rely on gimmicks or get-rich-quick schemes to help readers reach their goals; he simply offers proven and easy-to-understand-yet highly effective-advice that will allow them to make profitable financial decisions based on their specific situations
Introduction. Hollywood and the Art of Investing. Chapter 1. The Top 10 Lessons Hollywood Teaches Us About Investing. LESSON 1. Diversification Is The Key to Success. LESSON 2. It Doesn't Have to Be Complicated for It to Be Effective. LESSON 3. It's the Details That Count. LESSON 4. Costs Count. LESSON 5. Planning is Key. LESSON 6. Cut the Losers, Ride the Winners. LESSON 7. Experts Focus on Reducing Risk, Novices Focus on Return. LESSON 8. Don't Reinvent the Wheel. LESSON 9. Complacency is the Mother of All Disasters. LESSON 10. Defy Conventional Wisdom and Take Smart Risks. And One More For the Road -- If There's a Will, There's a Way. Chapter 2. To Beat the Market, Be the Market. What Billy the Neighborhood Bully Teaches Us About Investing. Going Down. Stop Whacking at the Ball. Diversification. Off to the Races...An Introduction to Asset Allocation. Stocks, Funds or Indexes. The Index Advantage. Building the House. How to Pick a Stock Like Warren Buffett. A Simple Way to Pick Individual Stocks. Real World Sample Portfolios. How to Beat Wall Street in 9 Seconds Flat. Lifestyle Funds. The Fine Art of Buying Low and Selling High. Wrapping It All Up. How Much Should I Be Saving? Chapter 3. Reliable Returns. Generating Reliable Returns. The Most Dangerous Game. The Numbers Don't Lie. How to Avoid the Most Dangerous Game. Are You Playing the Most Dangerous Game? Stock Market Stan Teaches Us a Lesson. Getting Away From the Most Dangerous Game. Bonds. Individual Bonds vs. Bond Mutual Funds. Bond Ladders. Final Points on Bonds. Preferred Stocks. Dividend Stocks. The Great Wallendas Teach Us a Lesson. Investing in the Markets With Safety Nets Beneath You. Annuities: Aren't They Awful? Variable Annuities. Certificates of Deposit: When 6% = 0%. Index Annuities. Real Estate 180. Reliable Returns: Conclusion. Chapter 4. Adding a Little Life to Your Life. Why Would I Buy Life Insurance? Term vs. Universal Life Insurance. Adding Instant Wealth to Your Estate. Profiting From Selling Your Life Insurance Policy. Tax Free Retirement Income. Long Term Care Benefits. Freeing Up Principal. Having "Someone Else" Pay the Tax. Doubling Your Income at Retirement -- The Private Pension. The Private Pension Plan and IRAs. One Million Dollars -- For Free? Life Insurance: Conclusion. Chapter 5. A Break in the Action. Chapter 6. IRAs. IRAs Defined. IRAs: Frequently Asked Questions. Roth IRAs. 401ks. Minimizing Taxable Withdrawals. After the Age of 70 1/2. IRAs: Conclusion. Chapter 7. A Few Words on Taxes. How Your Investments Are Taxed. Dividend Tax. Ordinary Income. Capital Gains. Summarizing the Three Most Common Taxes. The Mutual Fund Tax Problem. Solving the Mutual Fund Taxation Problem. How Will You Spend Your Tax Refund? Chapter 8. The Bottom of the Ninth. What's the Worst That Could Happen? Anatomy of a Living Trust. 5 Estate Planning Blunders to Avoid. Chapter 9. Support and Maintenance. Interviewing Your Potential Advisor. 10 Things Some Advisors Would Rather You Didn't Know. Investment Clubs. Chapter 10. Conclusion. Bibliography. Resources