Ebook: The Smartest Way to Invest: Clue: It's Not With the Wizards of Wall Street
Author: Richard E. Evans, Burton G. Malkiel
- Tags: Business, Management, Nonfiction, BUS000000
- Year: 2018
- Publisher: BookBaby
- Language: English
- epub
Get ready to change
the way you invest.
This disruptive book shows that most people–even wealthy investors–put their trust in a demonstrably inferior way to invest: actively managed funds and private portfolios. The better way is with index funds–but not just any index funds. Instead, this book will introduce you to the One-Decision funds, a type of index fund that market data show is the smartest way to invest. You'll also learn:
The 4 basic rules for investment success
Reasons to be wary of 14 other ways to invest
How to eliminate 6 of the 8 kinds of investment risk
15 ways to minimize investment taxes
3 tax-advantaged ways to invest for college
10 ways to optimize your finances in retirement
Why you can be confident about this way to invest
Despite the clear superiority of indexing, about 65 percent of the money in mutual funds is still anchored in actively managed funds, with index funds holding only 35 percent. I hope this book will help to reverse those proportions.
Introduction
Burton G. Malkiel, Chemical Bank Chairman's Professor Emeritus of Economics at Princeton University, former dean of the Yale School of Management, former member of the President's Council of Economic Advisors, and investment book author, including A Random Walk Down Wall Street, now in its twelfth edition.
Content
Richard E. Evans, investment advisor and author: His books include Earn More, Sleep Better, Simon & Schuster and The Index Fund Solution, Simon & Schuster. Both books introduced by Burton G. Malkiel and endorsed by John C. Bogle, founder, The Vanguard Group. Mr. Evans has been interviewed on Bloomberg TV, CNBC TV, WFAS TV, SageOnLine, The New York Times, and other media.
Who can profit from this book?
The short answer is, anyone with a significant amount of money in the markets, whether it's $10,000 in a 401(k) or similar plan, or $10 million in a private portfolio at a wealth management firm. If your money is not invested as suggested in this book, you may not be getting everything the markets have to offer.
More for your nest egg
The goal of this book is not just to give you interesting and useful information. It's to show how you could earn many thousands of dollars more than with the method you're probably using now—a gain that would give you more money for college, a venture, or a comfortable retirement.
New support for index funds
Although interest in index funds is trending, a lot of people are still not aware that indexing is significantly better than active management. With that point in mind, we will cover the recent evidence that supports indexing as the superior way to invest, including the Introduction by Burton G. Malkiel. We'll also take a close look at the One-Decision funds—five types of funds that deliver the benefits of global indexing—and where you can buy them.