The Elements of Investing 8 docx

... 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 market every year. The fi rst investor, ... 9:40:47 AM 8 The Elements of Investing return not only on your original savings but also on the accumulated interest that you have earned on your past investm...

Ngày tải lên: 21/06/2014, 08:20

... knowing they ’ ll enjoy longer lives. Savers enjoy the inner satisfaction of being in control of their c01.indd 14c01.indd 14 10/31/09 1:34:47 PM10/31/09 1:34:47 PM 18 The Elements of Investing But ... they center their thinking on enjoying the benefi ts of achieving their goals, most savers and most slim people take pleasure in the process of saving and the proce...

Ngày tải lên: 21/06/2014, 08:20

... 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 part of the total cost. The large part of the total ... dur- ing the fourth quarter of 1999 and the fi rst quarter of 2000 — just at the top of the market — than ever before. And most of the money that we...

Ngày tải lên: 21/06/2014, 08:20

... c04.indd 88 c04.indd 88 10/31/09 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 ... the market sometimes makes mistakes — often egregious ones such as the overvaluation of high - tech and Internet stocks at the turn of the century. But many...

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, ... they center their thinking on enjoying the benefi ts of achieving their goals, most savers and most slim people take pleasure in the process of saving and the proc...

Ngày tải lên: 21/06/2014, 09:20

... 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-...

Ngày tải lên: 21/06/2014, 09:20

... the United States catches a cold, the rest of the developed world c03.indd 58c03.indd 58 11/3/09 9:41: 48 AM11/3/09 9:41: 48 AM 56 The Elements of Investing At the same time, it could be damaging ... 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...

Ngày tải lên: 21/06/2014, 08:20

... get the same initial tax deduction, but they do enjoy the benefi ts of the tax deferral Appendix: Save on Taxes Legally bapp.indd 128bapp.indd 1 28 10/31/09 1:32: 48 PM10/31/09 1:32: 48 PM 126 The ... 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 pag...

Ngày tải lên: 21/06/2014, 08:20

... c04.indd 88 c04.indd 88 10/31/09 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 ... lesson we are absolutely sure of is that the higher the expenses you pay the provider of c05.indd 96c05.indd 96 11/3/09 10:16:20 AM11/3/09 10:16:20 AM 86 The...

Ngày tải lên: 21/06/2014, 09:20