Sophisticated, simple “Bible” for long-term investors, especially those in or approaching retirement
In just 10 short, accessible, and inviting chapters, Rethinking Investing: A Very Short Book on Very Long-Term Investing presents straightforward steps that ordinary people can take to better invest their money. This book dispels myths about the value of investment managers, highlights emotional tendencies that can cloud our financial judgment, explains why index funds are a savvy choice, and reveals secrets like why it’s better to wait until age 70 to receive Social Security benefits—along with the calculations that make this decision crystal-clear.
Written by renowned investor and popular author Charley Ellis, this must-read resource shows you how to set yourself up for investment success in three easy steps, with information on:
- Creating an optimal nest-egg withdrawal strategy to ensure you never run out of money, even if you live until age 100
- Maximizing returns through tactics like reducing your tax bill and making full use of diversified investment vehicles
- Using a safe, passive investment strategy and letting the modern stock market do all of the hard work for you
Rethinking Investing: A Very Short Book on Very Long-Term Investing is an essential read for long-term investors who want to start getting more from their money, especially those in or approaching retirement seeking to secure happier outcomes later in life.
Jadual kandungan
Foreword by Burton G. Malkiel ix
Introduction xv
Chapter 1
Compounding and Time = Your Great Power Curve Opportunity 1
Chapter 2
Saving: Your First Priority 9
Chapter 3
Change, Change, and More Change 17
Chapter 4
YOUR GREAT GIFTS: INDEX FUNDS AND ETFs 33
Chapter 5
Minimize Your Costs, Fees, and Taxes 47
Chapter 6
Behavioral Economics and You 61
Chapter 7
Your Total Financial Portfolio 75
Chapter 8
When Bonds Are Right for You 83
Chapter 9
Your Spending Rule 87
Chapter 10
Deferring Social Security Benefits And Working Longer 91
Chapter 11
Your Personal Investment Plan 95
Summary 101
Acknowledgments 105
Mengenai Pengarang
CHARLES D. ELLIS, PHD, also known as “the wisest man on Wall Street, ” is an investment consultant and bestselling author who is passionate about delivering easy-to-understand investing wisdom to both individual and institutional investors. He is the founder of Greenwich Associates, an international strategic consulting firm with a focus on financial institutions and has taught advanced investing courses at Harvard and Yale.
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