{"product_id":"the-discerning-investor-julie-jason-9781639050628","title":"The Discerning Investor: Personal Portfolio Management in Retirement for Lawyers (and Their Clients)","description":"\u003cp\u003e\u003cb\u003eWinner of the 2023 EIFLE\u003cbr\u003e(Excellence in Financial Literacy Education) Award for Adults' Book of the\u003cbr\u003eYear: Investing \u0026amp; Retirement Planning\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\"A clear, concise, and wise guide\u003cbr\u003eto retirement planning.\" - Kirkus Reviews\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Discerning Investor\u003c\/i\u003e addresses\u003cbr\u003ethe critical time in your investor life cycle: your transition into retirement.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eNever having retired before, you may continue managing your investments\u003cbr\u003eas you did in your 40s and 50s, not realizing that handling finances in\u003cbr\u003eretirement calls for a completely different approach, one that secures 30 years\u003cbr\u003ewith no paycheck. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Discerning Investor\u003c\/i\u003e lays out the framework for conceptualizing\u003cbr\u003ea retirement portfolio, with an emphasis on anticipating and thus\u003cbr\u003eavoiding mistakes such as misjudging risk. \u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePart I of the book starts with basic principles, introducing personal portfolio management\u003cbr\u003eand examining how to manage uncertainty, which is part of every investor's\u003cbr\u003elife.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003ePart II focuses on the \"personal\" part of portfolio management, \u003cbr\u003ehelping you understand your \"numbers\" and needs, including how to calculate\u003cbr\u003eyour retirement income gap, how to judge the source of cash flow to fuel\u003cbr\u003ewithdrawals, how to project future needs and how to set investment objectives\u003cbr\u003eand monitor progress.\u003cbr\u003e\u003cp\u003ePart III provides insights and tools for understanding the\u003cbr\u003eexperts who offer retirement portfolio management services, as well as for\u003cbr\u003ecomparing firms based on their service models, with a special focus on\u003cbr\u003econflicts of interest that get in the way of unbiased advice. The author's\u003cbr\u003eunique perspective and expertise are particularly apparent in her detailed\u003cbr\u003eoverview of Form CRS, a disclosure document mandated by the SEC that was rolled\u003cbr\u003eout in June 2020. Form CRS can help you to quickly grasp what your client\u003cbr\u003eexperience might be like with a given brokerage or investment advisory firm.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePart IV returns to personalization and offers self-assessment\u003cbr\u003etools to help you flesh out your investment strategy and move from planning to\u003cbr\u003eaction. An innovative assessment tool (Know Your Representative Rule), modeled\u003cbr\u003eon the brokerage industry's Know Your Customer Rule, helps you put things into\u003cbr\u003eperspective based on your own personal views.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Discerning Investor\u003c\/i\u003e gives you insights and a\u003cbr\u003eframework upon which to shape your own way of managing your retirement\u003cbr\u003eportfolio. \u003c\/p\u003e\u003cp\u003eKirkus Reviews concludes: \u003c\/p\u003e\u003cp\u003e\"Jason's\u003cbr\u003epresentation is intellectually rigorous--instead of self-help-style nostrums, \u003cbr\u003eshe furnishes concrete, actionable advice substantiated with empirical data.\u003cbr\u003eMoreover, despite necessary excursions into technicality, this is a thoroughly\u003cbr\u003ereadable book that will be entirely accessible to those with a limited\u003cbr\u003eunderstanding of investment strategy.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\"Another of\u003cbr\u003eits virtues is that it never dispenses hyperbolic promises and unflinchingly\u003cbr\u003econfronts the reality of risk: 'In my experience, the most satisfied investors\u003cbr\u003eare those who embrace the investor's dilemma, understanding that risk\u003cbr\u003e(uncertainty) and reward (high returns) are forever and always intertwined.'\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\"Overall, this is an\u003cbr\u003eimpressively informative book that attests to the author's 30-plus years of\u003cbr\u003eexperience in the financial industry.\"\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Julie Jason\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1639050620\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781639050628\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e American Bar Association\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/28\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 228\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.90lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 7.10w x 1.00d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eKirkus Reviews\u003c\/i\u003e 07\/15\/2023","brand":"Julie Jason","offers":[{"title":"Paperback","offer_id":47425351975167,"sku":"9781639050628","price":59.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_4381cfc3-a92b-45f6-a812-dcb6dba724c5.jpg?v=1761538638","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-discerning-investor-julie-jason-9781639050628","provider":"WR Book House","version":"1.0","type":"link"}