The rewards of carefully chosen alternative investments can be great. But many investors don't know enough about unfamiliar investments to make wise choices. For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments: Real estate, Inflation-protected securities, Commodities, International equities, Fixed annuities, Stable-value funds, High-yield (junk) bonds, Private equity (venture capital), Covered calls, Socially responsible mutual funds, Precious metals equities, Preferred stocks, Convertible bonds, Emerging market bonds, Hedge funds, Leveraged buyouts, Variable annuities, Equity-indexed annuities, Structured investment products, Leveraged funds The authors describe how the investments work, the pros and cons of each, which to consider, which to avoid, and how to get started.
Swedroe and Kizer evaluate each investment in terms of: Expected returns Volatility Distribution of returns Diversification potential Fees Trading and operating expenses Liquidity Tax efficiency Account location Role in an asset-allocation program Any investor who is considering or just curious about investment opportunities outside the traditional world of stocks, bonds, and bank certificates of deposit would be well-advised to read this book.
Larry E. Swedroe is a principal and the director of research for Buckingham Asset Management, LLC (www.bamservices.com). He is the author of Wise Investing Made Simple , The Only Guide to a Winning Investment Strategy You'll Ever Need , What Wall Street Doesn't Want You to Know , Rational Investing in Irrational Times , and The Successful Investor Today . He also coauthored The Only Guide to a Winning Bond Strategy You'll Ever Need . Swedroe has an MBA in finance from New York University. Jared Kizer , CFA, previously worked as an investment adviser for Buckingham Asset Management, LLC, and authored this book with Larry while he worked there. He has published articles on investing in the Journal of Portfolio Management , Journal of Indexes , and for indexuniverse.com. Kizer has a master's degree in finance from Washington University in St. Louis.