Cover image for The Elements of Investing : Easy Lessons for Every Investor.
The Elements of Investing : Easy Lessons for Every Investor.
Title:
The Elements of Investing : Easy Lessons for Every Investor.
Author:
Malkiel, Burton G.
ISBN:
9781118553756
Personal Author:
Edition:
2nd ed.
Physical Description:
1 online resource (210 pages)
Contents:
The Elements of Investing: Easy Lessons for Every Investor -- Copyright -- Contents -- Preface to Updated Edition -- Foreword -- Introduction -- It All Starts with Saving -- I. Save -- First Do No Harm -- Start Saving Early: Time Is Money -- The Amazing Rule of 72 -- Savvy Savings -- Small Savings Tips -- Big Ways to Save -- Let the Government Help You Save -- Own Your Home -- How Do I Catch Up? -- II. Index -- Nobody Knows More Than the Market -- The Index Fund Solution -- Don't Some Beat the Market? -- Index Bonds -- Index Internationally -- Index Funds Have Big Advantages -- One Warning -- Confession -- III. Diversify -- Diversify Across Asset Classes -- Diversify Across Markets -- Diversify Over Time -- Rebalance -- IV. Avoid Blunders -- Overconfidence -- Beware of Mr. Market -- The Penalty of Timing -- More Mistakes -- Minimize Costs -- V. Keep It Simple -- Review of Basic Rules -- Asset Allocation -- Asset Allocation Ranges -- Investing in Retirement -- Getting Specific -- VI. Timeless Lessons for Troubled Times -- Volatility and Dollar-Cost Averaging -- Diversification Is Still a Time-Honored Strategy to Reduce Risk -- Rebalancing -- Diversification and Rebalancing Together -- Index at Least the Core of Your Portfolio -- Fine-Tuning a Bond Diversification Strategy -- A Final Thought -- A Super Simple Summary: KISS Investing -- Appendix: Save on Taxes Legally -- Individual Retirement Accounts (IRAs) -- Roth IRAs -- Pension Plans -- Tax-Advantaged Saving for Education -- Recommended Reading -- Acknowledgments -- About the Authors -- Index.
Abstract:
An updated look at best rules of investing provided by two of the world's greatest financial thinkers In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel-two of the world's greatest financial thinkers-have again combined their talents to produce a straight-talking book about investing and saving. Written with every investor in mind, this reliable resource will put you on a path towards a lifetime of financial success. Page by page, Malkiel and Ellis skillfully focus their message to address the essentials and offer a set of simple, but powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's" approach to investing. All the investment rules and principles you need to succeed are here-with clear advice on how to follow them. Shows you how to focus on the long term instead of following market fluctuations that are likely to lead to costly investing mistakes Contains investment insights that can carry you all the way to, and through, retirement Written by Burton G. Malkiel, the bestselling author of A Random Walk Down Wall Street, and Charles D. Ellis, the bestselling author of Winning the Loser's Game A disciplined approach to investing, complemented by understanding, is all you need to enjoy success. This practical guide explains what you really need to know and puts you on the right course for long-term success through all kinds of markets.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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