Investing in the Second Lost Decade: A Survival Guide for Keeping Your Profits Up When the Market Is Down

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Edition: 1st
Format: Hardcover
Pub. Date: 2012-06-04
Publisher(s): McGraw-Hill Education
List Price: $32.00

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Summary

Are You Prepared for Another Lost Decade? Don't let the secular bear eat you. Prepare to earn steady profits in another decade of volatile and disappointing market returns. For more than four decades, Martin Pring has been a leading innovator and practitioner of financial and business cycle analysis. In Investing in the Second Lost Decade, Pring-along with seasoned portfolio managers Joe Turner and Tom Kopas-offers conclusive proof that we're only near the midway point of a continued secular cycle of flat returns and deeply cyclical economic conditions. To guide you through these uncertain times, Pring, Turner, and Kopas deliver a proven action plan for mastering the realities facing today's investors. Using proprietary analysis, the authors explore the characteristics of long-term bear markets along with the looming dual threats of inflation and rising interest rates-and outline positive steps you can take to create a dynamically managed investment portfolio. You'll discover not only how to take advantage of emerging profit opportunities but how to protect yourself from inevitable cyclical declines. Invest confidently and decisively, even in today's secular bear market. Learn how to: Understand the secular trends for stocks, bonds, and commodities and the importance of paying attention to business cycle swings. Develop two distinct game plans: one for defense, to protect assets in difficult periods, and one for offense, to grow wealth during favorable conditions. Learn to tailor asset allocations to minimize risk and optimize returns throughout the business cycle. Achieve more consistent portfolio returns with less risk-and less stress. The secular bull markets of the 1980s and 1990s are long gone-and with them the conventional buy-and-hold, indexing, and passive asset allocation methodologies that will continue to frustrate investors. Wait-and-see isn't a plan; it's a wish. Start following the proven investing strategies outlined in Investing in the Second Lost Decadetoday and you will be on your way to building wealth while safeguarding your hard-earned assets.

Table of Contents

Acknowledgmentsp. ix
Introduction: Are You Prepared for Another Lost Decade Ahead?p. xi
Why a Second Lost Decade Lies Aheadp. 1
What Are Secular Trends in Stocks and Why Do They Matter to You?p. 19
What Forces Cause Secular Trends in Equity Prices? What Do the Turning Points Look Like?p. 31
Inflation, Inflation, Inflation! The Secular Bull Market in Commodities Is Already Well Under Wayp. 53
Looking Out for a Potential Change to the Upside for Interest Ratesp. 71
Introduction to the Business Cyclep. 93
How the Business Cycle Can Be Used as a Road Map for Investing in Bonds, Stocks, and Commoditiesp. 105
How to Identify the Business Cycle Stages Using Easy-to-Follow Indicatorsp. 119
Introducing the Dow Jones Pring Business Cycle Index-the All-Season Answer for the Smithsp. 131
Portfolio Risk Managementp. 145
Do It Yourself or Hire a Money Manager?p. 167
Conclusion and Resourcesp. 177
Additional Signs of Secular Turning Points for Equitiesp. 181
Supplementary Observations Relevant to the Secular Commodity Bull Marketp. 197
Global Aspects to the Secular Bear Market in Stocksp. 205
A Guided Tour of Asset Rotation Around the Business Cyclep. 219
Indexp. 235
Table of Contents provided by Ingram. All Rights Reserved.

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