The Elements of Investing 7 docx

... have the worst possible timing, investing at the peak of the stock market each year. Another investor starts later but is the world ’ s luckiest investor, buying at the absolute bottom of the ... 10/31/09 1:34:46 PM10/31/09 1:34:46 PM THE ELEMENTS OF INVESTING flast.indd xxiflast.indd xxi 11/3/09 9:40: 47 AM11/3/09 9:40: 47 AM 4 The Elements of Investing a...

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... based on the width of a house. Consider another architectural example, the invention of the mansard roof in France. Property taxes were often levied on the number of rooms in a house and, therefore, ... pleasure in the process of saving and the process of keeping trim. They do not think in terms of deprivation; they think in terms of making good progress toward...

Ngày tải lên: 21/06/2014, 08:20

... because the market is already the aggregate result of many, many c04.indd 77 c04.indd 77 10/31/09 1: 37: 01 PM10/31/09 1: 37: 01 PM 74 The Elements of Investing investor in the world, amateur or professional. ... something. And then do something else. The more you do, the merrier he will be. Mr. Market is expensive and the cost of transac- tions is the small...

Ngày tải lên: 21/06/2014, 08:20

... because of the low costs you pay. c04.indd 91c04.indd 91 10/31/09 1: 37: 02 PM10/31/09 1: 37: 02 PM 102 The Elements of Investing investors who together determine the market prices of stocks. ... 1: 37: 02 PM10/31/09 1: 37: 02 PM 98 The Elements of Investing The lists in the table on the following page also include tax - exempt money - market funds. These...

Ngày tải lên: 21/06/2014, 08:20

... Winning the Loser’s Game THE ELEMENTS OF INVESTING M M A A LKI E E L L E E LLI S S THE ELEMENTS OF INVESTING In his classic book The Elements of Style, Professor William Strunk Jr. whittled down the ... you on a path towards a lifetime of fi nancial success. The Elements of Investing lays to rest the popular shibboleths that undergird the hyperactive...

Ngày tải lên: 21/06/2014, 08:20

... based on the width of a house. Consider another architectural example, the invention of the mansard roof in France. Property taxes were often levied on the number of rooms in a house and, therefore, ... free. We describe the vehicles available to you in the Appendix at the end of this book. c01.indd 23c01.indd 23 10/31/09 1:34: 47 PM10/31/09 1:34: 47 PM 30 The...

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... 10:16:21 AM 116 The Elements of Investing in the United States. It excludes the 30 percent made up of smaller companies, many of which are the most entre- preneurial and capable of the fastest future ... leave most of her estate to her children or grandchildren. The appropriate allocation for those plan- ning bequests should be geared to the age of the recipi-...

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... 66 The Elements of Investing market prices change over time, so will the share of your portfolio that is in stocks or bonds. Rebalancing simply involves periodically checking the allocation of ... results in the situation when the market goes straight up. Now let ’ s look at the numbers. c03.indd 61c03.indd 61 11/3/09 9:41:48 AM11/3/09 9:41:48 AM 54 The Elements...

Ngày tải lên: 21/06/2014, 08:20

... 1:33:40 PM 122 The Elements of Investing now available that track total stock market indexes in the United States and in the world. The table on the opposite page shows the menu of ETFs that ... readers would like. You can skip it if you bapp.indd 127bapp.indd 1 27 10/31/09 1:32: 47 PM10/31/09 1:32: 47 PM 128 * These are the rules as of 2009; the dollar limit...

Ngày tải lên: 21/06/2014, 08:20

... 1: 37: 02 PM10/31/09 1: 37: 02 PM 98 The Elements of Investing The lists in the table on the following page also include tax - exempt money - market funds. These funds invest in obligations of ... returns because of the low costs you pay. c04.indd 91c04.indd 91 10/31/09 1: 37: 02 PM10/31/09 1: 37: 02 PM 90 The Elements of Investing one major reason: Being fri...

Ngày tải lên: 21/06/2014, 09:20