Eric Tyson - Investing in Your 20s & 30s For Dummies

Real estate is a proven wealth-building investment, but many people don’t know how to go about making and managing rental property investments. Real estate and property management expert Robert Griswold and Eric Tyson cover the gamut of property investment options, strategies, and techniques.

Take control of your future, and make the leap from employee to entrepreneur with this enterprising guide. From drafting a business plan to managing costs, you’ll profit from expert advice and real-world examples that cover every aspect of building your own business. Also check out Tyson’s Small Business Taxes For Dummies .

Investing in Your 20s & 30s For Dummies®, 3rd Edition

Published by:

John Wiley & Sons, Inc.111 River Street Hoboken, NJ 07030-5774 www.wiley.com

Copyright © 2021 by Eric Tyson

Published by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

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Library of Congress Control Number: 2021937745

ISBN 978-1-119-80540-3 (pbk); ISBN 978-1-119-80541-0 (ebk); ISBN 978-1-119-80542-7 (ebk)

1 Cover

2 Title Page

3 Copyright

4 Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

5 Part 1: Getting Started with Investing Chapter 1: Making Sense of Your Investing Options Growing Your Money in Ownership Investments Keeping Money in Lending Investments Understanding Risks and Returns Where to Invest and Get Advice Chapter 2: Using Investments to Accomplish Your Goals Setting and Prioritizing Your Shorter-Term Goals Investing in Retirement Accounts Assessing Your Risk-Taking Desires Chapter 3: Setting Your Return Expectations Estimating Your Investments’ Returns Compounding Your Returns Chapter 4: Minimizing Your Taxes When Investing Understanding Investment Taxes Reducing Your Taxes When Selling Investments

6 Part 2: Preparing Your Investing Foundation Chapter 5: Laying Out Your Financial Plans First Priorities: Paying Off High-Cost Debt and Building a Safety Reserve What about Paying Down Other Debts? Sorting Out Your Financial Plans Knowing the Impact of Investing for College Costs Securing Proper Insurance Chapter 6: Starting Out with Bank and Credit Union Accounts Understanding FDIC Bank Insurance Investing in Banking Account and Savings Vehicles Negotiating with Bankers Feeling Secure with Your Bank Exploring Alternatives to Bank Accounts Chapter 7: Managing Money Market Funds Defining Money Market Mutual Funds Looking at Money Market Fund Holdings Protecting and Accessing Your Money in Money Funds Using Money Market Funds in Your Investment Plan Shopping for the Best Money Funds Alternatives to Money Market Mutual Funds

7 Part 3: Investing in Stocks, Bonds, and Funds Chapter 8: Getting Your Slice of Capitalism with Stocks What Are Stocks? How (and Why) You Can Make Money with Stocks Timing Your Stock Buying and Selling Highlighting How to Invest in Stocks Maximizing Your Stock Market Returns Chapter 9: Securing Investment Income and Principal with Bonds Defining Bonds Using Bonds in a Portfolio How and Where to Invest in Bonds Chapter 10: Fund Investing: Mutual Funds and Exchange-Traded Funds Understanding the Advantages of Funds Maximizing Your Chances for Fund Investing Success Creating and Managing a Fund Portfolio Identifying the Best Mutual Funds and ETFs Considering Alternatives to Investing in Funds Chapter 11: Understanding Investment Brokers Getting Your Money’s Worth: Discount Brokers Checking Out Online Brokers

8 Part 4: Investing in Real Estate, Small Business, and Other Investments Chapter 12: Seeking Shelter and Appreciation in Real Estate Comparing Owning a Home to Renting Figuring Your Home-Buying Budget Shopping for Your Home Investing in Investment Real Estate Chapter 13: Financing and Putting Together Real Estate Investment Deals Financing Your Real Estate Deals Working with Real Estate Agents Putting Your Deal Together Selling Real Estate Chapter 14: Taking Your Talents to the Small-Business Arena Investing in Your Career Deciding to Start Your Own Business Turning a Business Idea into Reality Considering Small-Business Investment Options Chapter 15: Exploring Other Investment Vehicles Calling on Options Considering Gold and Other Precious Metals Should You Invest in Currencies and Cryptocurrencies? Contemplating Collectibles Understanding Annuities and Cash-Value Life Insurance