The Elements of Investing by Burton G Malkiel and Charles D Ellis Dec 14, 2009 9 docx

... c01.indd 10c01.indd 10 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 are affl uent ... surely compelling: If a c01.indd 9c01.indd 9 10/31/ 09 1:34:46 PM10/31/ 09 1:34:46 PM 12 The Elements of Investing after William quit) and continued deposit...

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

... including the fast-growing emerging markets. Similarly, c03.indd 59c03.indd 59 11/3/ 09 9:41:48 AM11/3/ 09 9:41:48 AM 50 The Elements of Investing author delights in buying individual stocks and ... 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 risin...

Ngày tải lên: 21/06/2014, 08:20

... 11/3/ 09 9:41: 49 AM11/3/ 09 9:41: 49 AM 69 Diversify During the decade January 199 6 through December 2005, an annually rebalanced portfolio provided lower volatility and higher return. The Importance ... 9: 41: 49 AM11/3/ 09 9:41: 49 AM c03.indd 72c03.indd 72 11/3/ 09 9:41: 49 AM11/3/ 09 9:41: 49 AM 76 The Elements of Investing OVERCONFIDENCE In recent years...

Ngày tải lên: 21/06/2014, 08:20

... discarding cards in a gin rummy game and thereby running up your commission costs (and probably adding to your tax bill c04.indd 90 c04.indd 90 10/31/ 09 1:37:02 PM10/31/ 09 1:37:02 PM 87 Avoid Blunders ... 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 port...

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 126both1.indd 126 10/31/ 09 ... would end up with almost $1.5 million, and you might be in a lower tax bracket during retirement. The fi gure on page 130 shows the dramatic advantage of investing thro...

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 ... bestselling Winning the Loser ’ s Game. About the Authors babout.indd 144babout.indd 144 10/31/ 09 1:32: 09 PM10/31/ 09 1:32: 09 PM 140 Recommended Reading Charle...

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, 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 ... discarding cards in a gin rummy game and thereby running up your commission costs (and probably adding to your tax bill c04.indd 90 c04.indd 90 10/31/ 09 1:37:02 PM10/31/...

Ngày tải lên: 21/06/2014, 09:20

... 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 10:16:21 AM11/3/ 09 10:16:21 ... exotic category achieve great results. 2. The records of the average perform- ers are discouraging, and those in the third and fourth quartiles can be deep- l...

Ngày tải lên: 21/06/2014, 09:20