The elements of investing : easy lessons for every investor

"Since the original edition of The Elements of Investing was published over 10 years ago, investors have faced difficult economic times along with unprecedented market volatility. It's not surprising that many investors simply abandoned the stock market. It seemed to be too risky a place for retirement savings, and the situation was too unnerving for most to handle. Moreover, some professionals started to announce the death of "buy and hold" and "diversification" strategies. Burton Malkiel and Charles Ellis, two of the investment world's greatest thinkers, understand how you could get thoroughly confused by today's markets and the often-conflicting advice that comes with it. That's why they've returned with a 10th Anniversary Edition of The Elements of Investing. While staying true to the original edition--and discussing the timeless investing and saving lessons that will put you on a path towards a lifetime of financial success. Written with every investor in mind and fully updated, this short, straight-talking book skillfully offers a set of simple, yet powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's game" approach to investing. All the investment rules and principles you need to know are here--with clear advice on how to follow them. Divided into six essential elements of investing, this little book packs a big message that can help secure your financial future all the way through retirement. Malkiel and Ellis touch on a variety of topics, from focusing on the long term instead of following market fluctuations to using employer-sponsored plans to supercharge your savings and minimize taxes. Along the way, they also address the best friends of any investor: diversification, rebalancing, dollar-cost averaging, and indexing. The timeless lessons presented in this book are even more relevant in today's volatile markets. If you take the time to learn them, you will be able to take control of your financial future."