The Tools & Techniques of Investment Planning, 5th Edition is an easy-to-read desktop companion for financial planning practitioners. It demystifies the process of investing by providing practical insights into the strengths and weaknesses of different investment approaches and asset classes, and highlights strategies for managing portfolios in the contemporary investment climate. This book emphasizes not only perspective, but also how to apply investment theory to support unique client objectives, and to assign investments based on the financial risk reward continuum and any client's appetite for risk. This must-have resource includes: Detailed descriptions of complex investment products and strategies Easy-to-read explanations of how various investment products work and when they should and should not be employed Clear, thorough examples showing exactly how various investment products and strategies generate income and gains in volume, and how these gains can be incorporated into investment strategies to meet specific real-world goals Comprehensive explanation of investment-related tax concepts, enabling investors and planners to devise tax-efficient strategies in conjunction with client's tax and legal professionals Thoughtful, independent advice about the best products and strategies for specific situations What's New in this Edition The latest tax changes associated with SECURE Act 2.0, the SECURE Act and the Tax Cuts and Jobs Act, including the tax and beneficiary rule changes and how those changes apply to the investment activities of individuals, trusts, estates, and IRA beneficiaries. Tax and planning updates under SECURE Act and SECURE Act 2.0, in particular changes on IRA beneficiary planning strategies that were removed. New content around Portfolio Management Strategies, including Environmental, Social, and Governance Investing, as well as Market Cycles, Sector Rotation investing, and Core-Satellite approaches.
Tax rate, capital gain, and tax structure updates with 2024 numbers. Updated and enhanced examples provide real-world investment scenarios that help readers to understand how investment performance is achieved and monitored.