Invest with the Fed: Maximizing Portfolio Performance by Following Federal Reserve Policy | 誠品線上

Invest with the Fed: Maximizing Portfolio Performance by Following Federal Reserve Policy

內容簡介

內容簡介 想要投資獲利，先搞懂美國聯儲貨幣政策，搞懂後，跟著聯儲投資！為什麼投資前要看本書？作者Robert Johnson回答：「美國聯儲的政策對於投資回報率有著極為巨大的影響，如果投資者無視聯儲，那就是拿自己的錢去冒險」使用美國聯儲的政策作為預測市場的投資策略是可靠的，別忘了這麼一句話：「美聯儲主席是世界上僅次於美國總統的第二個握有最強大權力者。」投資者要根據聯儲政策對自己的投資組合進行微調，比如說，在緊縮時期適當減持股票和增持商品。當聯儲轉向更為緊縮的姿態，對股市的回報最好就不要抱太大幻想。本書教導你從另類資產、板塊輪動、國際股票、對沖基金、固定收益證券來了解美國聯儲政策的影響；讀者能有效學習在擴張性美聯儲政策時期賺錢，在縮緊的貨幣政策時期保護投資組合。A research-based portfolio strategy that uses Fed signals to forecast security market performanceIt's often said that the chairman of the Fed is the second most powerful person in the world, next only to the president of the United States. Some say the chairman is even more powerful. When Ben Bernanke publicly stated on September 8, 2013, the Fed's intent to continue its policy of quantitative easing, global markets instantly reversed direction from a worrying downward spiral to an exuberant upward surge. Even POTUS can't do that.The authors of Invest with the Fed take the simple position that correct interpretation of Federal Reserve policy actions leads to better investing decisions. To this end, they present strategies that will help you design a portfolio that takes Fed policy into account.The result of three decades of research, Invest with the Fed reveals how the nation's bank routinely signals important clues about its future policy--and it explains how you can use these clues to enhance your portfolio performance.Learn all there is to know about the implications that Fed policy changes have for:Value and growth investingBehavioral and EMT approachesAlternative assetsSector rotationInternational stocksHedge fundsFixed income securitiesIf Warren Buffett revealed a nugget of information about one of his future investments, you would likely act upon it. So why wouldn't you act upon information revealed by the institution that controls the U.S. financial markets?This is the book you need to adjust your investing strategy to take into account advice from the most in fluential financial institution in the world--the U.S. Federal Reserve. PRAISE FOR INVEST WITH THE FED"This book is packed full of intriguing data on how Fed policy impacts asset class returns and can be a useful resource to any steward of capital." -- ADAM THURGOOD, CFA, Managing Director, HighTower"Invest with the Fed demystifes Federal Reserve policy, shows how different investments are impacted by Fed policies, and provides a practical roadmap for investors to consider Fed policies in their investment strategies. The book is written in a straightforward practical manner that is appropriate for both novice and experienced investors." -- TOM ROBINSON, CFA, CFP, CAIA, CPA, Managing Director, Americas, CFA Institute"What could be better? In this book, you'll learn how to make money during periods of expansive Federal Reserve policy and protect your portfolio during periods of tight monetary policy. Consider this your best-of-both-worlds guide to investing with the Fed." -- ROBERT POWELL, editor of Retirement Weekly and columnist of "MarketWatch""Investors who ignore the ramifications of Fed policy, do so at their own peril, and this text provides effective, holistic techniques for navigating the complicated economic relationships that exist between the Fed and the capital markets. Yet, it is presented in a clear, understandable and concise format." -- MATT SCANLAN, CFA, President and CEO, RS Investments"Investors finally have a clear and easy-to-follow roadmap for taking advantage of the Federal Reserve's monetary policies. You'll find out how to maximize your long-term returns and reduce your risk in rising, falling, and stable interest rate environments." -- CHARLES ROTBLUT, CFA, AAII Journal Editor and Vice President for the American Association of Individual Investors

作者介紹

作者介紹 ROBERT R. JOHNSON is the president and CEO of the American College of Financial Services and a director of RS Investment Management.GERALD R. JENSEN is the Board of Trustees Professor of Finance at Northern Illinois University and an associate editor for the Journal of Financial Research.LUIS GARCIA-FEIJOO is Associate Professor of Finance at Florida Atlantic University and an associate editor of Financial Analysts Journal.

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