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Elements of Investing: Easy Lessons for Every Investor 10th Anniversary Edition [Minkštas viršelis]

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  • Formatas: Paperback / softback, 160 pages, aukštis x plotis x storis: 208x140x15 mm, weight: 159 g
  • Išleidimo metai: 27-Dec-2021
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1119851416
  • ISBN-13: 9781119851417
Kitos knygos pagal šią temą:
  • Formatas: Paperback / softback, 160 pages, aukštis x plotis x storis: 208x140x15 mm, weight: 159 g
  • Išleidimo metai: 27-Dec-2021
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1119851416
  • ISBN-13: 9781119851417
Kitos knygos pagal šią temą:

Seize control of your financial future with rock-solid advice from two of the world’s leading investment experts

Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the “death of diversification” to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.

It’s time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to mitigate risk and realize long-term success in the markets.

Divided into six essential elements of investing, this concise book will teach you how to:

  • Focus on the long-term and ignore short-term market fluctuations and movements
  • Use employer-sponsored plans to supercharge your savings and returns and minimize your taxes
  • Understand crucial investment subjects, like diversification, rebalancing, dollar-cost averaging, and indexing

So, forget the flavor of the week. Stick with the timeless and invaluable advice followed by the world’s most successful retail investors.

Preface to Anniversary Edition xi
Foreword to Original Edition xv
Foreword to the Anniversary Edition xix
Introduction xxi
It All Starts with Saving
1(124)
I Save
3(20)
First Do No Harm
5(1)
Start Saving Early: Time Is Money
6(1)
The Amazing Rule of 72
7(4)
Sawy Savings
11(3)
Small Savings Tips
14(1)
Big Ways to Save
15(2)
Let the Government Help You Save
17(1)
Own Your Home
18(1)
How Do I Catch Up?
19(4)
II Index
23(18)
Nobody Knows More Than the Market
24(3)
The Index Fund Solution
27(2)
Don't Some Beat the Market?
29(4)
Index Bonds
33(1)
Index Internationally
34(2)
Index Funds Have Big Advantages
36(1)
One Warning
37(2)
Confession
39(2)
III Diversify
41(16)
Diversify Across Asset Classes
43(3)
Diversify Across Markets
46(1)
Diversify Over Time
47(4)
Rebalance
51(6)
IV Avoid Blunders
57(14)
Overconfidence
59(2)
Beware of Mr. Market
61(4)
The Penalty of Timing
65(1)
More Mistakes
66(1)
Minimize Costs
67(4)
V Keep It Simple
71(24)
Review of Basic Rules
72(7)
Asset Allocation
79(2)
Asset Allocation Ranges
81(4)
Investing in Retirement
85(1)
Getting Specific
86(9)
VI Timeless Lessons for Troubled Times
95(30)
Volatility and Dollar-Cost Averaging
97(2)
Diversification Is Still a Time-Honored Strategy to Reduce Risk
99(2)
Rebalancing
101(2)
Diversification and Rebalancing Together
103(1)
Index at Least the Core of Your Portfolio
104(3)
Fine-Tuning a Bond Diversification Strategy
107(4)
A Final Thought
111(2)
A Super Simple Summary: KISS Investing
113(2)
Appendix: Save on Taxes Legally
115(1)
Individual Retirement Accounts (IRAs)
115(2)
Roth IRAs
117(1)
Pension Plans
118(2)
Tax-Advantaged Saving for Education
120(3)
Recommended Reading
123(2)
Acknowledgments 125(2)
About the Authors 127(2)
Index 129
BURTON G. MALKIEL is the Chemical BankChairmans Professor of Economics Emeritus at Princeton University and the author of the bestselling A Random Walk Down Wall Street. Malkiel has served on the Presidents Council of Economic Advisers, as dean of the Yale School of Management, as chair of Princetons Economics Department, and as a director of major corporations. He is currently the Chief Investment Officer of Wealthfront.

CHARLES D. ELLIS is a consultant to large public and private institutional investors. For three decades, he was managing partner of Greenwich Associates, the international business strategy consulting firm. He has taught investing at both Harvard and Yale and is the author of seventeen books, including the bestselling Winning the Losers Game.