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Success in a Low-Return World

Using Risk Management and Behavioral Finance to Achieve Market Outperformance

  • Michael J. Oyster

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Challenges in Investing

    1. Front Matter
      Pages 1-1
    2. Michael J. Oyster
      Pages 3-14
    3. Michael J. Oyster
      Pages 15-22
    4. Michael J. Oyster
      Pages 31-40
    5. Michael J. Oyster
      Pages 41-47
    6. Michael J. Oyster
      Pages 63-76
    7. Michael J. Oyster
      Pages 77-86
  3. Part II

    1. Front Matter
      Pages 87-88
    2. Michael J. Oyster
      Pages 89-108
    3. Michael J. Oyster
      Pages 109-120
    4. Michael J. Oyster
      Pages 121-131
    5. Michael J. Oyster
      Pages 133-147
    6. Michael J. Oyster
      Pages 149-160
    7. Michael J. Oyster
      Pages 161-173
    8. Michael J. Oyster
      Pages 175-189
    9. Michael J. Oyster
      Pages 191-213
    10. Michael J. Oyster
      Pages 215-224
    11. Michael J. Oyster
      Pages 225-244
    12. Michael J. Oyster
      Pages 245-257
    13. Michael J. Oyster
      Pages 259-262
  4. Back Matter
    Pages 263-269

About this book

Introduction

Following the Great Financial Crisis, the S&P 500 advanced more than 17 percent annualized from February 2009 through June 2018. At this pace, a buy-and-hold investor in the stock market would see their money double in 5 years and more than triple in 7 years. This performance has lulled many investors into thinking that such above-average returns will be with us into perpetuity. Unfortunately, this may not be the case. Far more likely, the return an investor may receive from the stock market will be slightly better than half the long-term average, about 5% to 7%.

Most investment portfolios hold a greater allocation to stocks than any other class of investment asset. Massive amounts of wealth were created from the bull market since early 2009 providing institutions and individuals with a rising tide that lifted their portfolios above their goals without much effort. The environment of the future stands to be far less accommodating, so finding suitable investments (other than U.S. stocks) that can achieve the necessary returns (or make up the shortfall) will be a critical component of achieving goals in years to come. This book will explore those solutions.


Keywords

investing equities mutual funds options indexes volatility

Authors and affiliations

  • Michael J. Oyster
    • 1
  1. 1.Chief Investment StrategistCincinnati, OHUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-99855-8
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-99854-1
  • Online ISBN 978-3-319-99855-8
  • Buy this book on publisher's site