How to Be a Sector Investor   (eBook - Adobe PDF) (eBook)

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HOW TO BE A SECTOR INVESTOR is an invaluable guide for anyone embarking on the sometimes perilous but potentially highly profitable journey of investing in sectors of the stock market. With an absence of jargon, an abundance of straight talk, and a refreshing focus on risk, the authors plot a sensible course for individuals with the courage to expand their investment horizons by venturing beyond broadly diversified portfolios.

Table of Contents:
Part I: Getting Started. What's a Sector? Why Invest? Pathways for Do-It-Yourself Sector Investing: Buying Individual Stocks. Part II: The Investor's Toolbox. Riding the Silicon Wave: Investing in Technology and Communications. Saving with the Baby Boomers: Investing in Financial Services. Playing the Aging Population: Investing in Health Care. Traveling the World: Investing Internationally. Working as a Commercial Landlord: Investing in Real Estate. Lighting Up Your Portfolio: Investing in Utilities. Digging for Pay Dirt: Investing in Energy, Hard Assets, and Other Natural Resources. Part III: Putting It All Together. Sailing the Investment Sea: A Step-by-Step Approach to Getting Started. Avoiding Rough Waters: Cautions and Conundrums for the Sector Investor.

Excerpts:
From the book

PREFACE

Why would anyone pick up a book on sector investing? More specifically, why would you pick up a book on sector investing? Our guess is: profit! You want your investments to make more money. You are not satisfied with just getting to first base -- you want to swing hard for doubles, triples, and even home runs. Let's face it: you are a capitalist to the core, and perhaps a bit greedy. You have seen some of the eye-popping numbers that certain sector mutual funds have produced over the years. You want a piece of the action. Nothing wrong with that. Indeed, we admire your aggressiveness.

But lurking just beyond the recesses of your capitalist greed lies an even more destructive force. It is an emotion that makes you hesitate, that calls you to inaction, and that constantly reminds you of every investing horror story you've ever heard. That emotion: fear. Fear is, in our opinion, the more dangerous of the two emotions that plague most investors.

The desire for profit encourages us to invest in the stock market, rather than leave our savings tucked safely away in low-yielding investments. Capitalist greed compels us to take risk, to seek ownership, and to share in the profits of the great businesses of the world. Given enough time and proper diversification, investing in the more volatile arena of stocks is always the right thing to do. (It is short-term greed that usually causes the big problems.)

Fear, on the other hand, cripples the average investor and leads to inaction. Fear often causes large sums of money to languish in money markets or CDs. As a result, real returns, after taxes, barely keep up with inflation. Or fear may lead to far too much invested in corporate or government bonds. Either way, you lose the energizing power of double-digit annual compounding that stocks have produced decade after decade. (U.S. stocks have averaged 9.1% for 128 years since 1871 and 12.2% for the 50-plus years since World War II.)

So ask yourself: are you ready to face your fear, push past anxiety, and embrace the possibility of sector investing? Are you willing to risk a few strikeouts along the way as you swing for the fences? Conversely, are you interested in diversifying part of your portfolio into real estate, utilities, and natural resources -- sectors that often zig when the broad market zags? If so, we invite you to join us as we journey together down the path of intelligent, risk/reward sector investing.

In the following pages we hope to answer most of the questions that you, as a beginning or intermediate investor, want answered. We make no apologies to the advanced or professional investor; this book is not written for you. We opt for a fairly basic approach, assuming no prior knowledge of sector investing or complicated terminology.

Part One (Chapters 1 through 3) will help you get started. In Chapter 1 we explain what sector investing means, define key terms, and provide a framework for you to build a personal basic investing philosophy. Though many professionals don't include international investing as a specific sector, we explain why we do. Chapters 2 and 3 describe the pathways to investing in various sectors -- using mutual funds and/or buying individual stocks -- with emphasis on the practical steps of each method. Part Two (Chapters 4 through 10) provides you with a complete toolbox for sector investing.

eBook Details

Title:	How to Be a Sector Investor
Publisher:	McGraw-Hill Professional
Author:	Larry Hungerford, Steve Hungerford
Edition:	Ebook , PDF
Language:	English
ISBN:	0071368159-BEPDF
EAN:	9780071368155-BEPDF

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