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The Taxable Investor's Manifesto
Wealth Management Strategies to Last a Lifetime
Stuart E. Lucas (Author)
9781119692034, Wiley
Hardback, published 20 July 2020
176 pages
21.8 x 14.2 x 1.8 cm, 0.363 kg
The Taxable Investor's Manifesto: Wealth Management Strategies to Last a Lifetime is written for every investor with taxable wealth and every advisor who serves them. The Taxable Investor's Manifesto guides readers through a series of related topics, bringing clarity to complexity with an economy of words, while providing valuable and actionable advice at every turn. This remarkable book combines the deep industry knowledge of a seasoned practitioner with the communication skills of a leading educator. Author Stuart E. Lucas is the founder and Chief Investment Officer of Wealth Strategist Partners, a firm that advises complex family enterprises, including his own. He also co-founded the University of Chicago’s Private Wealth Management program, now in its fourteenth year. Most investment books only address pre-tax headline returns, but individuals pay taxes. The incentives and disincentives of our tax system can have a dramatic impact on actual investment time horizons and returns. The Manifesto sensibly folds tax incentives into investment strategy in ways that can add profound value over a lifetime to actual results. It includes guidance on: Whether you're a young professional or entrepreneur, a mid-career manager, a senior business executive, or a retiree this book will give you tools to enhance your net worth considerably. If you are an advisor, studying and implementing Lucas's advice will strengthen your business and make your clients happier.
About the Author xi Acknowledgments xiii Introduction xvii Chapter 1 Taxable Investors Need to Think Differently 1 Chapter 2 Diversify at the Right Time and in the Right Way 9 Chapter 3 Generate Value From That Magical Liability: Deferred Tax 17 Chapter 4 If You Want Wealth to Grow, Own Stocks 25 Chapter 5 Lengthen Time Horizon to Lower Risk and Enhance Returns 39 Chapter 6 Control Cash Flow to Perpetuate Purchasing Power 49 Chapter 7 Don’t Be Misled By Performance 55 Chapter 8 Get Value From Active Management 65 Chapter 9 Approach Alternative Investments With Skill and Skepticism, Or Not At All 79 Chapter 10 Plan Your Estate: It Adds More Value Than Investing 89 Chapter 11 Shift From Success to Significance 99 Chapter 12 Reinforce Positive Family Culture Through Financial Design 105 Chapter 13 Evaluate The Risks to This Approach 111 Chapter 14 Select An Advisor With Strong Investment Skills, An Interdisciplinary Approach, and A Fiduciary Mindset 117 Appendix Additional Books About Taxable Investing 129 Index 131
Subject Areas: Finance & accounting [KF]
