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Random Walk Gde to Investing PA

by: Malkiel,Burton G.

Random Walk Gde to Investing PA

by: Malkiel,Burton G.

ISBN 13:
9780393326390
ISBN 10:
039332639X
Edition: 00
Format: Paperback
Copyright: 01/17/2005
Publisher: W. W. Norton & Company

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Summary

Based on the million-copy seller A Random Walk Down Wall Street, this concise new guide by influential and irreverent author Burton G. Malkiel takes the mystery out of personal finance by outlining Malkiel's own ten-point plan for success. Easy to read and easy to follow, this practical book aimed at the investment novice cuts through the jargon to give readers the confidence and knowledge to make wise investment decisions that will provide consistent returns.

Preface and Acknowledgments

xvii

PART ONE: THE BASICS

(32)

Fire Your Investment Adviser

(6)

Focus on Four Investment Categories

(16)

Cash

(1)

Bonds

(2)

Common Stocks

(9)

Bubbles in Stock Prices

The Tulip-Bulb Craze

The South Sea Bubble

The Internet Craze

What Lessons Should We Learn?

Real Estate

(3)

Understand the Risk/Return Relationship

(6)

PART TWO: THE RULES

(136)

Start Saving Now, Not Later: Time is Money

(5)

Returns Throughout U.S. History

(1)

The Miracle of Compound Interest

(2)

The Million-Dollar Difference

(2)

Keep a Steady Course: The Only Sure Road to Wealth Is Regular Savings

(15)

Savvy Savings Tips

(7)

Pay Yourself First

Find a Save More Tomorrow Plan

Make Out a Budget

Change a Spending Habit or Two

Think in Terms of Opportunity Costs

Be Saving in Your Spending

Pay Off Your Credit Card Balance

Strategies for Catching Up

(2)

Downsize Your Lifestyle and Start Saving Now

Consider Pushing Retirement Back a Few Years

Make the Most of Your Home Equity

Retirement Planning

(2)

The Millionaire Next Door

(3)

Don't Be Caught Empty-Handed: Insurance and Cash Reserves

(11)

Establishing a Cash Reserve

(1)

Money-Market Mutual Funds

(2)

Bank Certificates of Deposit (CDs)

(1)

Internet Banks

(1)

Treasury Bills

(1)

Tax-Exempt Money-Market Funds

(1)

Buying Insurance

(4)

Variable Annuities

(1)

Stiff the Tax Collector

(15)

Individual Retirement Accounts

(2)

Roth IRAs

(2)

Pension Plans

(2)

401(k) and 403(b) Pension Plans

Self-Employed Plans What Can You Invest In?

Priorities in Saving for Retirement

(2)

A Caveat

(1)

Possible New Tax-Favored Vehicles

(1)

Tax-Free Savings Strategies for Education

(3)

Saving for College: As Easy as 529 Education Savings Accounts

Education Savings Bonds

The Best Tax Strategy of All

(2)

Match Your Asset Mix to Your Investment Personality: How to Allocate Your Assets

(13)

A Reminder: Risk and Return Again

(3)

Your Time Horizon

(3)

Your Capacity for Risk

(2)

Your Temperament

(2)

Rebalancing, or Keeping an Even Temperament

(2)

Never Forget That Diversity Reduces Adversity

(15)

The Benefits of Diversification

(2)

An Investment Horror Story

(1)

The Potential Crises in Some 401 (k) Plans

(1)

How Much Diversification Is Enough?

100

(3)

Do You Need to Diversify Internationally?

103

(1)

Diversification Also Means Buying Other Asset Classes

104

(2)

Diversification Over Time

106

(5)

Pay Yourself, Not the Piper

111

(7)

Pay Off All Credit Card Bills

112

(1)

Look Out for Mutual Fund Expenses

113

(2)

Costs Matter for All Financial Products

115

(2)

Don't Get Wrapped Up

117

(1)

Bow to the Wisdom of the Market

118

(17)

Why the Market Is Smarter Than You Are

119

(3)

Being Smarter Doesn't Always Mean Being Smart

122

(1)

Timing Isn't Everything

122

(2)

Why Do Most Professionals Get C's?

124

(3)

But Don't Some Active Managers Beat the Market Every Year?

127

(4)

Managers Who Deserve an A

131

(4)

The Role of Chance

They Did It Their Way

You Never Know in Advance Who the Winners Will Be

Back Proven Winners: Model Portfolios of Index Funds

135

(18)

The Index Advantage

136

(2)

But Not All Index Funds Are Alike

138

(1)

Exchange Traded Funds

139

(2)

Indexing Works for Bonds, Real Estate, and Other Asset Classes

141

(1)

What Index and What Funds Should Be Chosen?

142

(4)

A Life-Cycle Guide to Asset Allocation

146

(7)

Don't Be Your Own Worst Enemy: Avoid Stupid Investor Tricks

153

(16)

Overconfidence

154

(2)

Herding

156

(4)

Illusion of Control

160

(2)

Loss Aversion

162

(1)

Other Psychological Pitfalls

163

(2)

Susceptibility to Hot Tip Investing Gin Rummy Behavior

Believing in Foolproof Schemes

Ignoring Costs

165

(1)

Getting Entranced by New Issues

166

(3)

PART THREE: TAKING STOCK AN INVESTMENT SCORECARD

169

(16)

Questions Frequently Asked About Indexing

176

(5)

A Summing Up

181

(4)

References

185

(4)

Index

189

Amazon no longer offers textbook rentals. We do!

Random Walk Gde to Investing PA

Random Walk Gde to Investing PA

9780393326390

039332639X

Summary

Author Biography

Table of Contents

Supplemental Materials

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