The Story of Rich A Financial Fable of Wealth and Reason During Uncertain Times
by Joyce, J. D.; Wesbury, Brian S.Edition: 1st
Format: Hardcover
Pub. Date: 2012-10-02
Publisher(s): Wiley
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Summary
Joyce explains financial planning and investing through a fable. Fifty-eight-year-old Richard Viva of Houston sells his oilfield services businesses to a competitor and clears $12 million on the deal. Rich is proud of his success and excited about his newfound freedom. But he's also confused about what to do next. For three decades, Rich has dedicated himself to building his company. His work was the core of his self-identity. Now that he has cashed out, Rich wants to make sure he doesn't squander his hard-earned money and that he can leave a legacy for his wife Peg and their two grown children. He knows he needs to revisit his financial plan, but he no longer has the trusted advice of his long-time friend and adviser, who had passed away a few months earlier. Rich makes an appointment at the firm, where he meets with another adviser to discuss basic financial investment advice for Rich to consider. Joyce is there to walk him and others in the fable through their financial planning and investment challenges.
Author Biography
John David “J.D.” Joyce has been advising clients with their investments for nearly two decades. He has been named a Top Financial Advisor in the United States by Barron’s magazine. Throughout his career, in his role as financial and wealth advisor with a major Wall Street firm, J. D. has assisted high-net-worth investors through various markets cycles as well as their personal life changes.
Matt Joyce is a journalist and writer who has worked in the news business in Texas, Wyoming, Colorado, and New Mexico. He has held reporting positions with the Associated Press, the Dallas Business Journal, and the Durango Herald.
Table of Contents
Foreword ix
Preface xvii
Acknowledgments xxi
Chapter 1: Meet the Vivas 1
Chapter 2: Investment Plan 13
Chapter 3: Goals, Planning, and National Parks 27
Chapter 4: Goals and Objectives 39
Chapter 5: Risk Tolerance 53
Chapter 6: Asset Allocation and Meritage 67
Chapter 7: Mechanics of Investing and Winemaking 79
Chapter 8: The Marathon Runner and Time Horizon 95
Chapter 9: Cash Flow 111
Chapter 10: Trusted Advisor 125
Chapter 11: News versus Noise 135
Chapter 12: Family Dynamics 149
Chapter 13: Estate Planning 159
Epilogue 171
About the Authors 185
Index 187
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