{"product_id":"more-straight-talk-on-investing-isbn-9781394184057","title":"More Straight Talk on Investing","description":"\u003cp\u003e\u003cb\u003eA practical and pithy guide to investing to help everyday investors achieve their long-term goals\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 21st century has been beset with three financial market shocks in its first 20 years, the bursting of the Tech Bubble in 2000-2002; the Global Financial Crisis of 2008-09; and 2020 COVID-19 crash. Given this backdrop, it is no wonder that investing can appear to be so daunting to individual investors.\u003c\/p\u003e \u003cp\u003eAs Chairman and CEO of Vanguard, one of the largest and most respected investment management companies in the world, Jack Brennan has spent his career helping people invest their money. In the newly updated \u003ci\u003eMore Straight Talk on Investing\u003c\/i\u003e, he shares with you the lessons he has learned over his over four decades at Vanguard from a variety of market participants—from Main Street investors and 401(k) plan holders to veteran portfolio managers at the helm of Vanguard funds and sophisticated investment professionals overseeing top endowments and foundations.\u003c\/p\u003e \u003cp\u003eThis a comprehensive, but approachable book will help you develop the knowledge, confidence, and discipline to navigate the financial markets and attain investment success over the long term. While the financial planning and investing principles covered are timeless, a considerable amount has changed in the nearly 20 years since the first edition, including new products and services, lower costs, and ever-evolving regulation and legislation. An entire generation of investors has come of age over the past two decades and could benefit from understanding that sound and sensible investing is an effective way to achieve financial security.\u003c\/p\u003e \u003cp\u003eThis book will assist your manage your “serious” money—the dollars that you set aside for long-term goals, such as retirement or the education of your children. The book also emphasizes the concept of thinking of yourself as a “financial entrepreneur”—managing your financial life like owner manages a business.\u003c\/p\u003e \u003cp\u003eIn a straightforward, plain talk manner, the book demonstrates how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBuild a balanced, diversified portfolio that meets your needs and goals\u003c\/li\u003e \u003cli\u003eEvaluate mutual funds and ETFs with a discerning eye\u003c\/li\u003e \u003cli\u003eAdhere to a long-term, disciplined approach to investing\u003c\/li\u003e \u003cli\u003eControl your emotions and tune out the incessant “noise” in the media\u003c\/li\u003e \u003cli\u003eUnderstand the risks and rewards of financial markets\u003c\/li\u003e \u003cli\u003eDevelop a prudent plan and investment policy statement to guide your path forward\u003c\/li\u003e \u003cli\u003eAvoid the pitfalls and mistakes that can derail your investment program\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith wit and wisdom, Brennan relays anecdotes and observations that demonstrate the enduring investment precepts that will serve as a guide to novice investors and as a practical refresher for seasoned investors. He has also added three new chapters focusing on evaluating advice options, garnering lessons from endowments, and dealing with the challenges of a low interest rate environment.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAuthor’s Note xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Master the Basics\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eA look at the financial facts of life.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e1 Successful Investing is Easier Than You Think 3\u003c\/p\u003e \u003cp\u003e2 You Gotta Have Trust 17\u003c\/p\u003e \u003cp\u003e3 A Map to Success: Hmm, Sounds Like a Plan 29\u003c\/p\u003e \u003cp\u003e4 Save More—Without Feeling the Pinch 45\u003c\/p\u003e \u003cp\u003e5 Hope for the Best—But Prepare for Something Less 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Construct a Sensible Portfolio\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eInvesting is like running a marathon, so you’ll want to prepare and train appropriately. Here’s how.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Balance and Diversification Help You Sleep at Night 71\u003c\/p\u003e \u003cp\u003e7 You Need a Personal Investment Policy Whether You’re Starting with Zillions or Zip 85\u003c\/p\u003e \u003cp\u003e8 Mutual Funds and Exchange-Traded Funds: The Easy Way to Diversify 99\u003c\/p\u003e \u003cp\u003e9 How to Pick a Mutual Fund (and How Not To) 111\u003c\/p\u003e \u003cp\u003e10 It’s What You Keep That Counts 137\u003c\/p\u003e \u003cp\u003e11 Risk: Give It the Gut Test 155\u003c\/p\u003e \u003cp\u003e12 Some Advice on Financial Advice 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Manage Your Investments With Focus and Discipline\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eOnce you assemble a well-constructed portfolio, you don’t have to spend every waking moment of your life tending to it. In fact, you’ll be better off if you don’t.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Buy-and-Hold Really Works 179\u003c\/p\u003e \u003cp\u003e14 Time is Everything 189\u003c\/p\u003e \u003cp\u003e15 Routine Maintenance for Your Portfolio 197\u003c\/p\u003e \u003cp\u003e16 Stupid Math Tricks for Smart Investors 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Stay On Course\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eA look at the things that can cause investors to come unglued.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 “It’s a Mad, Mad, Mad, Mad World” 217\u003c\/p\u003e \u003cp\u003e18 Why You May Be Your Own Worst Enemy 227\u003c\/p\u003e \u003cp\u003e19 Bear Markets Will Test Your Resolve 237\u003c\/p\u003e \u003cp\u003e20 Navigating Distractions to Reach Your Destination 249\u003c\/p\u003e \u003cp\u003e21 Is the “Smart Money” Smart? Yes, but. . . 259\u003c\/p\u003e \u003cp\u003e22 Regrets? I’ve Had a Few 269\u003c\/p\u003e \u003cp\u003e23 Getting to Boca 273\u003c\/p\u003e \u003cp\u003eAfterword 281\u003c\/p\u003e \u003cp\u003ePostscript 283\u003c\/p\u003e \u003cp\u003eAppendix: Industry Terms 291\u003c\/p\u003e \u003cp\u003eIndex 307\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJACK BRENNAN\u003c\/b\u003e is Chairman Emeritus and Senior Advisor of Vanguard, one of the world's largest investment companies. He served as Chief Executive Officer from 1996 to 2008 and Chairman of the Board from 1998 to 2009. He is a sought-after speaker on investing and finance and received his education at Dartmouth College and Harvard Business School.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN WOERTH\u003c\/b\u003e is a Senior Communications Advisor to Vanguard. He spent more than three decades in corporate communications at the company and served as its chief spokesperson for 15 years. He holds degrees in journalism from Temple University.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePRAISE FOR MORE STRAIGHT TALK ON INVESTING\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"For twenty years, I have lived, quoted, and recommended these timeless lessons. A day spent with Jack's book will lead to a lifetime of investing success. This new edition offers enduring wisdom to cut through the fads and speculation that dominate headlines today.\"\u003cbr\u003e\u003cb\u003e—TIM BUCKLEY,\u003c\/b\u003e Chairman and CEO, Vanguard\u003c\/p\u003e \u003cp\u003e\"Jack Brennan's investing treatise accomplishes the difficult task of explaining in clear terms the investing landscape across all aspects that affect investors. He starts with the basics and runs through portfolio construction, ongoing management of one's financial life, and ends with a discussion of the things that can go wrong and undo all the hard work along the way. It is a book that can be read by the novice investor as well as those more sophisticated who need to be reminded of the important building blocks in a successful investment plan. Jack keeps it all interesting with lessons and stories that bring it all to life.\"\u003cbr\u003e\u003cb\u003e—GREGORY FLEMING,\u003c\/b\u003e President \u0026amp; CEO, Rockefeller Capital Management\u003c\/p\u003e \u003cp\u003e\"Despite spending a lifetime around markets, I learned so much from \u003ci\u003eMore Straight Talk on Investing\u003c\/i\u003e. It is an invaluable and accessible guide to financial success and security, no matter where you are on your investing journey. His advice is practical, inspirational, and essential for millennials and baby boomers alike.\"\u003cbr\u003e\u003cb\u003e—MARY SHAPIRO\u003c\/b\u003e, Vice Chair for Global Public Policy, Bloomberg; former Chair, U.S. Securities and Exchange Commission\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eMore Straight Talk on Investing\u003c\/i\u003e serves as a useful roadmap for both new and seasoned investment travelers. It's short on fluff and fanfare and long on practical tips, time-tested strategies, and plain old wisdom.\"\u003cbr\u003e\u003cb\u003e—CHRISTINE BENZ,\u003c\/b\u003e Director of Personal Finance, Morningstar\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989654946021,"sku":"NP9781394184057","price":22.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394184057.jpg?v=1761784976","url":"https:\/\/k12savings.com\/products\/more-straight-talk-on-investing-isbn-9781394184057","provider":"K12savings","version":"1.0","type":"link"}