In Lifespan Investing, veteran trader Clifford Pistolese reveals a long-term investment strategy designed to maximize the amount of wealth you will accumulate over the course of your life. Based on investment portfolios that deal with traditional stock market cycles, his age-based investment management plan shows you how to take full advantage of the market opportunities that will allow you to build truly outstanding profits.
The focus of this book is on how to take maximum advantage of the opportunities in the stock market. You will learn how to make superior capital gains in bull markets and how to preserve those gains during bear markets. You will also learn how to create a strong income flow during range-bound markets. And you will learn how to diversify your portfolio among different types of investments to control the level of risk.
The first two chapters of the book present information about fundamental and technical analysis. Fundamental analysis is the evaluation of a company’s ability to run its business effectively to maximize earnings consistently. Technical analysis is the interpretation of a company’s charted stock price pattern to decide when to buy, how long to hold, and when to sell. Chapter 3 explains the concept and the process of portfolio management.
This involves setting your financial objective for retirement; selecting investments to meet that objective; and rebalancing your portfolio to make it appropriate for each stage in your life. Each of the remaining chapters presents three suggested portfolios. One is for use during bull markets, another is for bear markets, and the third applies when the market fluctuates in a trading range.
The analytical technique you learn in Chapter 2 will enable you to see which of these phases the market is in. Making these observations accurately is one of the keys to investing successfully. If you have never read a book organized like this one, here’s a suggested approach to take. Read the first three chapters to acquire the concepts of fundamental analysis, technical analysis, and portfolio management. Then read the chapter that pertains to your age group and decide how you want to start implementing your investment strategy.
Follow up by reading the later chapters to get an overview of the plan for multiplying your assets over your lifetime. Finally, reading the earlier chapters will provide additional helpful points of information.
- Fundamental Analysis
- Technical Analysis
- Portfolio Management
- A Broader Perspective
- Portfolio Management in Retirement