The Elements of Investing by Burton G Malkiel and Charles D Ellis Dec 14, 2009 2 docx

... to provide individual investors—including our delightful grandchildren the basic principles for a lifetime of fi nancial success in saving and investing, all in 176 pages of straight talk ... have nothing to invest. The Elements of Investing c01.indd 2c01.indd 2 10/31/09 1:34:46 PM10/31/09 1:34:46 PM 6 The Elements of Investing make you feel deprived. Not at all!...

Ngày tải lên: 21/06/2014, 08:20

... of the thousands of equity and bond funds that are sold to the public. This simple investment strategy — indexing — has out- performed all but a handful of the thousands of equity and bond ... 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 achi...

Ngày tải lên: 21/06/2014, 08:20

... Or what c03.indd 66c03.indd 66 11/3/09 9:41:48 AM11/3/09 9:41:48 AM 52 The Elements of Investing darling of Wall Street, and it seemed to defy gravity by rising steadily into the stratosphere. ... 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 to companies mak...

Ngày tải lên: 21/06/2014, 08:20

... the high technology and Internet funds — the stocks that turned out to be the most overpriced and then declined the most during the subsequent bear market. And more money went out of the market ... - and - hold investor would earn by putting money in at the start of the period and keeping her money invested through thick and thin. In fact, the returns...

Ngày tải lên: 21/06/2014, 08:20

... rate of return produced for their investors as well as all the costs charged and the implicit costs of portfolio turnover — the cost of buying and selling portfolio holdings. We then divide the ... literature, have taught investing in leading graduate schools, c05.indd 102c05.indd 1 02 11/3/09 10:16 :21 AM11/3/09 10:16 :21 AM 85 Avoid Blunders In addition to the ti...

Ngày tải lên: 21/06/2014, 08:20

... markets, and money, fami- lies should strive again and again to share their thoughts and feelings so they can understand each other and make decisions together. both1.indd 126 both1.indd 126 10/31/09 ... million, and you might be in a lower tax bracket during retirement. The fi gure on page 130 shows the dramatic advantage of investing through a tax - advantaged plan....

Ngày tải lên: 21/06/2014, 08:20

... Chair of Whitehead Institute and as a director of Vanguard and the Robert Wood Johnson Foundation. He has taught investing at both Harvard and Yale and is the author of 15 books, including the ... Money and Your Brain (Zweig), 140 Z Zero-sum game, 36–37 Zweig, Jason, 32, 140 bindex.indd 154bindex.indd 154 11 /2/ 09 2: 07 :26 PM11 /2/ 09 2: 07 :26 PM 143 ABOUT TH...

Ngày tải lên: 21/06/2014, 08:20

... a handful of the thousands of equity and bond funds that are sold to the public. But you c 02. indd 30c 02. indd 30 10/31/09 1:35: 12 PM10/31/09 1:35: 12 PM 25 Save most inconvenient time.) And remember ... 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 to...

Ngày tải lên: 21/06/2014, 09:20

... the costs charged and the implicit costs of portfolio turnover — the cost of buying and selling portfolio holdings. We then divide the funds into quartiles and show the average returns and ... distressed by losses than they are delighted by gains. This leads people to discard their winners if they need cash and hold onto their losers because they don ’ t want t...

Ngày tải lên: 21/06/2014, 09:20

... be drawing down their savings during retirement. They will be faced with a c05.indd 112c05.indd 1 12 11/3/09 10:16 :21 AM11/3/09 10:16 :21 AM 120 The Elements of Investing Data on Selected Bond ... plan- ning bequests should be geared to the age of the recipi- ent, not the age of the donor, for that part of their total investments. c05.indd 106c05.indd 106 11/3/09...

Ngày tải lên: 21/06/2014, 09:20