Practical advice for investors from investors
Presenting a fresh approach to investment guidance, Wealth of
Experience is built on real investors’ stories about what has
worked-and what hasn’t worked-for them during their personal
investment journeys. The Vanguard Group, one of the world’s most
respected investment companies, asked hundreds of investors who
have succeeded in accumulating real wealth to explain how they’ve
gone about it. Their personal accounts make this a one-in-a-kind
book with extraordinary insights on saving, investing, and managing
money from ‘ordinary investors’ for their peers. Wealth of
Experience has straightforward, battle-tested advice on investing
for retirement, learning about finance, and managing money. The
invaluable guidance from experienced fellow investors can help
readers avoid major financial pitfalls and learn from mistakes
others have made. Vanguard’s research confirmed its long-held
belief that individual investors-sometimes derided on Wall Street
as unsophisticated-are a savvy and capable group. This book proves
that their collective wisdom is as valuable as any ‘expert’
advice.
The Vanguard Group (based in Valley Forge, PA) is the world’s
second-largest mutual fund company with 15 million shareholders and
$600 billion in assets under management. Vanguard pioneered
low-cost index mutual funds, and distinguished itself as a champion
of superior client service and low investor costs. Andrew Clarke is
a senior financial writer at The Vanguard Group. Before joining
Vanguard, he worked for Morningstar, Inc., the investment research
firm. Mr. Clarke is a Chartered Financial Analyst. Jack Brennan is
the Chairman and Chief Executive Officer of The Vanguard Group. A
graduate of Dartmouth College, Mr. Brennan received a master’s
degree in business administration from Harvard Business School.
Tabla de materias
Foreword vii
Acknowledgments xi
Introduction xiii
Chapter 1: Save Your Money 1
Chapter 2: Plan for the Future 15
Chapter 3: Learn the Secrets of Success 31
Chapter 4: Diversify Your Assets 49
Chapter 5: Select Your Investments 71
Chapter 6: Avoid Self-Destructive Moves 91
Chapter 7: Assess Your Progress 109
Chapter 8: Keep Your Costs Low 125
Chapter 9: Be Smart About Taxes 139
Chapter 10: Create Your Investing Legacy 155
Chapter 11: Adopt Productive Habits and Attitudes 175
Chapter 12: Follow the Eight Commandments 187
Notes 193
Glossary 197
Index 211
Sobre el autor
ANDREW S. CLARKE is a senior financial writer at The Vanguard
Group. Before joining Vanguard, he worked for the investment
research firm, Morningstar Inc. Mr. Clarke is a Chartered Financial
Analyst.
JOHN J. BRENNAN is the Chairman and Chief Executive Officer of
The Vanguard Group and author of the bestseller, Straight Talk on
Investing, also published by Wiley.
THE VANGUARD GROUP is the world’s second-largest mutual fund
company, with 15 million shareholder accounts and $600 billion in
assets under management. Vanguard pioneered low-cost index mutual
funds, and has distinguished itself as a champion of superior
client service and low investor costs.