{"product_id":"the-elements-of-investing-isbn-9781119851417","title":"The Elements of Investing","description":"\u003cp\u003e\u003cb\u003eSeize control of your financial future with rock-solid advice from two of the world’s leading investment experts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the “death of diversification” to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.\u003c\/p\u003e \u003cp\u003eIt’s time to return to the basics. In the 10th Anniversary Edition of \u003ci\u003eThe Elements of Investing: Easy Lessons for Every Investor\u003c\/i\u003e, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to mitigate risk and realize long-term success in the markets.\u003c\/p\u003e \u003cp\u003eDivided into six essential elements of investing, this concise book will teach you how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFocus on the long-term and ignore short-term market fluctuations and movements\u003c\/li\u003e \u003cli\u003eUse employer-sponsored plans to supercharge your savings and returns and minimize your taxes\u003c\/li\u003e \u003cli\u003eUnderstand crucial investment subjects, like diversification, rebalancing, dollar-cost averaging, and indexing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSo, forget the flavor of the week. Stick with the timeless and invaluable advice followed by the world’s most successful retail investors.\u003c\/p\u003e \u003cp\u003ePreface to Anniversary Edition xi\u003c\/p\u003e \u003cp\u003eForeword to Original Edition xv\u003c\/p\u003e \u003cp\u003eForeword to the Anniversary Edition xix\u003c\/p\u003e \u003cp\u003eIntroduction xxi\u003c\/p\u003e \u003cp\u003eIt All Starts with Saving 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eI. Save \u003c\/b\u003e\u003cb\u003e3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst Do No Harm 5\u003c\/p\u003e \u003cp\u003eStart Saving Early: Time is Money 6\u003c\/p\u003e \u003cp\u003eThe Amazing Rule of 72 7\u003c\/p\u003e \u003cp\u003eSavvy Savings 11\u003c\/p\u003e \u003cp\u003eSmall Savings Tips 14\u003c\/p\u003e \u003cp\u003eBig Ways to Save 15\u003c\/p\u003e \u003cp\u003eLet the Government Help You Save 17\u003c\/p\u003e \u003cp\u003eOwn Your Home 18\u003c\/p\u003e \u003cp\u003eHow Do I Catch Up? 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eII. Index \u003c\/b\u003e\u003cb\u003e23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNobody Knows More Than the Market 24\u003c\/p\u003e \u003cp\u003eThe Index Fund Solution 27\u003c\/p\u003e \u003cp\u003eDon’t \u003ci\u003eSome \u003c\/i\u003eBeat the Market? 29\u003c\/p\u003e \u003cp\u003eIndex Bonds 33\u003c\/p\u003e \u003cp\u003eIndex Internationally 34\u003c\/p\u003e \u003cp\u003eIndex Funds Have Big Advantages 36\u003c\/p\u003e \u003cp\u003eOne Warning 37\u003c\/p\u003e \u003cp\u003eConfession 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIII. Diversify \u003c\/b\u003e\u003cb\u003e41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDiversify Across Asset Classes 43\u003c\/p\u003e \u003cp\u003eDiversify Across Markets 46\u003c\/p\u003e \u003cp\u003eDiversify Over Time 47\u003c\/p\u003e \u003cp\u003eRebalance 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIV. Avoid Blunders \u003c\/b\u003e\u003cb\u003e57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverconfidence 59\u003c\/p\u003e \u003cp\u003eBeware of Mr. Market 61\u003c\/p\u003e \u003cp\u003eThe Penalty of Timing 65\u003c\/p\u003e \u003cp\u003eMore Mistakes 66\u003c\/p\u003e \u003cp\u003eMinimize Costs 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eV. Keep It Simple \u003c\/b\u003e\u003cb\u003e71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReview of Basic Rules 72\u003c\/p\u003e \u003cp\u003eAsset Allocation 79\u003c\/p\u003e \u003cp\u003eAsset Allocation Ranges 81\u003c\/p\u003e \u003cp\u003eInvesting in Retirement 85\u003c\/p\u003e \u003cp\u003eGetting Specific 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eVI. Timeless Lessons for Troubled Times \u003c\/b\u003e\u003cb\u003e95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVolatility and Dollar-Cost Averaging 97\u003c\/p\u003e \u003cp\u003eDiversification is Still a Time-Honored Strategy to Reduce Risk 99\u003c\/p\u003e \u003cp\u003eRebalancing 101\u003c\/p\u003e \u003cp\u003eDiversification and Rebalancing Together 103\u003c\/p\u003e \u003cp\u003eIndex at Least the Core of Your Portfolio 104\u003c\/p\u003e \u003cp\u003eFine-Tuning a Bond Diversification Strategy 107\u003c\/p\u003e \u003cp\u003eA Final Thought 111\u003c\/p\u003e \u003cp\u003eA Super Simple Summary: KISS Investing 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix: Save on Taxes Legally \u003c\/b\u003e\u003cb\u003e115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndividual Retirement Accounts (IRAs) 115\u003c\/p\u003e \u003cp\u003eRoth IRAs 117\u003c\/p\u003e \u003cp\u003ePension Plans 118\u003c\/p\u003e \u003cp\u003eTax-Advantaged Saving for Education 120\u003c\/p\u003e \u003cp\u003eRecommended Reading 123\u003c\/p\u003e \u003cp\u003eAcknowledgments 125\u003c\/p\u003e \u003cp\u003eAbout the Authors 127\u003c\/p\u003e \u003cp\u003eIndex 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBURTON G. MALKIEL\u003c\/b\u003e is the Chemical BankChairman’s Professor of Economics Emeritus at Princeton University and the author of the bestselling \u003ci\u003eA Random Walk Down Wall Street.\u003c\/i\u003e Malkiel has served on the President’s Council of Economic Advisers, as dean of the Yale School of Management, as chair of Princeton’s Economics Department, and as a director of major corporations. He is currently the Chief Investment Officer of Wealthfront.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHARLES D. ELLIS\u003c\/b\u003e is a consultant to large public and private institutional investors. For three decades, he was managing partner of Greenwich Associates, the international business strategy consulting firm. He has taught investing at both Harvard and Yale and is the author of  seventeen books, including the bestselling \u003ci\u003eWinning the Loser’s Game.\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e \u003cb\u003eTHE ELEMENTS OF INVESTING\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“A common misperception is that successful investing requires a ton of money, a complicated portfolio, or a detailed understanding of where the markets are headed next. The truth is, sometimes the simplest approach is the toughest to beat. Charley Ellis and Burt Malkiel do a masterful job in \u003ci\u003eThe Elements of Investing\u003c\/i\u003e of laying out clear, simple rules that any investor can follow to grow their wealth over time. \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—TIM BUCKLEY,\u003c\/b\u003e Vanguard Chairman \u0026amp; CEO \u003c\/p\u003e\u003cp\u003e“These noted authors have distilled all you need to know about investing into a very small package. The best time to read this book is when you turn eighteen (or maybe thirteen) and every year thereafter.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—HARRY MARKOWITZ,\u003c\/b\u003e Nobel Laureate in Economics 1990 \u003c\/p\u003e\u003cp\u003e“Struggling to find money to save? Befuddled by the bewildering array of investment choices? As you venture into the financial markets for the first time, it’s helpful to have a trusted guide—and, in Charley Ellis and Burt Malkiel, you have two of the finest.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—Jonathan Clements,\u003c\/b\u003e author of \u003ci\u003eThe Little Book of Main Street Money\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“No one knows more about investing than Charley Ellis and Burt Malkiel, and no one has written a better investment guide. These are the best basic rules of investing by two of the world’s greatest financial thinkers.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—CONSUELO MACK,\u003c\/b\u003e Anchor and Managing Editor, \u003ci\u003eConsuelo Mack WealthTrack\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990212853989,"sku":"NP9781119851417","price":21.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119851417.jpg?v=1761786929","url":"https:\/\/k12savings.com\/es\/products\/the-elements-of-investing-isbn-9781119851417","provider":"K12savings","version":"1.0","type":"link"}