Index funds are the fastest-growing type of investment today because of their lucrative performance, simple premise, and low operating costs. Because they are driven objectively and do not rely upon a fund manager's prediction of how specific stocks will do, the authors note that they will continue to produce the greatest long-term returns.After providing clear-cut reasons why index funds are the wisest investment choice for the average investor, the authors expertly explain how to build a portfolio of index funds and tailor it to a range of investment goals, risk tolerance, and time horizons. Whether readers are hoping to build a comfortable retirement or save for their kids' college tuition, whether seeking the best way to invest a tax-deferred 401(k) or looking for a low-maintenance, low-risk portfolio for taxable money, Earn More, Sleep Better is the book to turn to for advice on assembling a winning portfolio with minimal effort, for dependable, long-term performance.
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Although sometimes derided as "plain vanilla" investments when more exotic financial flavors are the rage, mutual funds designed to mirror precisely the performance of a particular index like the Standard & Poor's 500--called, appropriately enough, index mutual funds--have performed solidly if not spectacularly ever since they were first made available to the public in 1976. In Earn More, Sleep Better: Investing with Index Funds, however, advertising executive Richard E. Evans and Princeton economics professor Burton G. Malkiel argue that these vehicles actually outperform most actively managed funds over time and should therefore be strongly considered by anyone who seeks investments with a simple foundation, low operating costs, and a profitable track record. "It is certainly true that the index-fund investor gives up the chance of boasting to one's golfing partners about the fantastic gains made by picking stock-market winners," they write. "But experience conclusively shows that index-fund buyers obtain results exceeding those of the typical fund managers." The book is divided into two parts: it first compares index and managed funds and discusses development of a relevant financial plan; its second explains how to create and monitor just such a portfolio in order to meet one's individual needs optimally. --Howard RothmanFrom Booklist:
As the Dow Jones Industrial Average and other stock market indicators continue to rise, the popularity of index mutual funds continues to increase. Investment funds have been around for barely more than 20 years and are attractive because they have performed well, because the idea behind them is easy to grasp, and because they eliminate individual errors in judgment. Evans heads his own advertising agency. With significant assistance from Burton Malkiel, he contrasts the performance of index funds with nonindex funds. Makliel is the author of the recently updated investment classic A Random Walk down Wall Street (1996), which makes the controversial argument that short-term stock prices cannot be predicted. If one accepts this assumption, however, index funds become a logical choice, and Evans shows how to integrate fund investing into his "five steps to wealth." David Rouse
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Descripción Simon & Schuster, 1999. Hardcover. Estado de conservación: New. Nº de ref. de la librería DADAX0684852500
Descripción Simon & Schuster, 1999. Hardcover. Estado de conservación: New. Nº de ref. de la librería P110684852500
Descripción Simon & Schuster. Hardcover. Estado de conservación: New. 0684852500 New Condition. Nº de ref. de la librería NEW6.1233440