INDEX
derivatives 52–3
dollar cost averaging 190–91
earning income from savings 166–7
financial instruments 46–7
fluctuating values 185
forex 58–9
from income 191
goals 192
government 97, 114
income-generating 151, 162–73
investment companies 80–81
managed funds 168–9, 184–5
managing 161, 186–203
money market 56–7
and pensions 198–201
predicting the stock market 62–3
in property 176 – 9
rental property 170–71
returns 189
risk tolerance 192–3
shares 48–9, 54, 60–61, 164–5, 182–3
and state pensions 140–41
tax breaks on 246
taxes and 246–7
and wealth 154, 155, 157, 159, 161
wealth-building 174 – 85
investment assets 152
investment banks 71, 74 –5
investment companies 80–81
investment forums 67
investment funds 80
investor types 192–3
“invisible hand” 20–21
IOUs 14 –15, 16
IRAs (Individual Retirement Accounts) 245
IRS (Internal Revenue Service) 235, 236, 239
Islamic mortgages 213J, K
Japan Stock Exchange (JPX) 55
jewelry, investing in 155
joint-stock companies 19
junk bonds 51
Keynes, John Maynard 22–3L
Laffer, Arthur/Laffer curve 127
laissez-faire 20, 21
landlords 170–71
late fees 211
latent demand 134
leasing, assets 33
Lehman Brothers 35, 71lender of last resort 100
leverage 59, 206
liabilities
balance sheets 44–5, 141
bank 88, 89
personal 152–3
Libor 57, 67
life assurance 172–3
life insurance 172
life settlement 172
lifecycle (“debt phase”) 43
lifestyle 156, 192
lifestyling 163
liquid assets 152
liquid shares 68–9, 76
liquidity 38, 61, 76, 189
liquidity trap 95
and net worth 153
listed (shares) 48, 168
living standards 98, 117, 150, 151, 198
LLCs 235
loan-to-value (LTV) rate 180, 205, 213
loans
bank 88, 89
brokers 210
corporate 41, 47
cost of 122, 123
credit unions 216, 217
and debt 155, 204, 210–11
government 47
government-insured 242
interest on 72, 73
loan agreements 211
money market and 56–7
and property value and equity 181
repayments 36, 37, 210
secured 121
types of 204
unsecured 121
see also mortgages
London Stock Exchange (LSE) 55, 61, 65, 182
Long-Term Capital Management (LTCM) 65
long-term liabilities 152
low gearing 40–41
lump sum investment 190, 191M
macroeconomics 13
Madoff, Bernie 35
maintenance, property 170, 171, 177
managed funds 174, 183, 184–5
investing in 163, 168–9
margin call 59
margin trading 69marginal tax rate 126
market capitalization 188
market changes, predicting 62–3
market conditions 190, 191
market data 69
market equilibrium 20–21
market index 169
market makers 61
market power 134
market research groups 159
market value 50, 51, 176, 181
Marx, Karl 22
Mazacoin 221
Medicare 236, 245
mercantilism 20, 21
mergers and acquisitions 75
microeconomics 13
miners 220, 222, 223, 224
minimum monthly deposit accounts 166
minimum repayments 218
money
artifacts of 16–19
barter, IOUs and 14–15
characteristics of 16
in circulation 88–9, 123
creation of new 124
in the digital age 220–29
economic theories of 22–3
economics of 18–19
evolution of 12–23
hoarding 95
inflation and velocity of 134
printing 96, 97 , 104, 105, 143
purchasing power 132
value of 15, 16, 17
money market 56–7
money market deposits 167
money market funds 57
money supply 13, 86–95
banking reserves 90–91
central banks and 98, 100, 102–3, 241
government and 98–9
increasing money circulation 88–9
recession and the money supply 92–3
recession to depression 94–5
MON I AC 114, 115
mortgage banks 72–3
mortgages 155, 157, 198, 199, 205, 212–15
buy-to-rent 176
buy-to -sell 176
choosing 177
eligibility 242
and home equity 180–81
interest rates 122
Islamic 213
mortgage assistance 243US_248-256_Index_Acks.indd 252 14/10/2016 12:43