Wealth of Experience: Real Investors on What Works and What Doesn't - Hardcover

The Vanguard Group; Clarke, Andrew S.

 
9780471226840: Wealth of Experience: Real Investors on What Works and What Doesn't

Inhaltsangabe

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.

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Über die Autorin bzw. den Autor

ANDREW S. CLARKE is a senior financial writer at The Vanguard Group. Before joining Vanguard, he worked for Morningstar, the investment research firm. 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.

Von der hinteren Coverseite

Presenting a fresh approach to investment guidance, Wealth of Experience is built on real investors' stories about what has and what hasn't worked for them during their per-sonal investment journeys. Based on responses of 600 investors to a detailed survey, this one-of-a-kind book distills the investment wisdom of ordinary human beings-men and women, working and retired, young and old-into a simple plan that can help you enhance your prospects for long-term success and avoid major financial mistakes.
 
Chapter by chapter, you'll be introduced to the building blocks of a successful investing program. You'll learn how to approach these building blocks from different angles so you can achieve your individual goals. Through the personal accounts of "What Works" investors and informative sidebars from Vanguard officers, you'll receive a down-to-earth education on important investment issues that include developing a portfolio; managing taxes on your investments; avoiding self-destructive moves; and keeping your costs low. Detailed discussion shows you how to:
* Save today so you can have financial success tomorrow
* Establish a plan and find a strategy to make it happen
* Study the investment process and understand your investments
* Diversify and allocate your assets
* Select investments with the right combination of benefits and trade-offs for your unique goals
* Monitor portfolio performance and make midcourse corrections
 
Wealth of Experience also explores how you can leave a lasting investment legacy, both financial and behavioral, by donating to charitable organizations or shaping the investment habits of your children and grandchildren.
 
Wealth of Experience approaches investing from the perspectives of ordinary people who have experienced the successes and failures that characterize any investment program. It shows that real people from all walks of life can invest to meet their financial goals without access to highly paid advisers or complicated investment strategies. Filled with practical advice for investors from investors, Wealth of Experience will illuminate an investment path that is right for you.

Aus dem Klappentext

"There are many paths to investment success, but few are as straight and true as Vanguard's. Simplicity, thrift, and broad diversification are powerful allies. Andy Clarke has assembled a wealth of real-world examples that will show you how to get these forces working in your favor."
-Don Phillips
Managing Director
Morningstar, Inc.
 
"Well done! Very comprehensive analysis based on empirical data and not mere speculation. If I could give a grade: solid A."
-William D. Danko, PhD
Coauthor of The Millionaire Next Door
Chair of the Marketing Department
State University of New York at Albany

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9780471733911: Wealth of Experience: Real Investors on What Works and What Doesn't

Vorgestellte Ausgabe

ISBN 10:  0471733911 ISBN 13:  9780471733911
Verlag: John Wiley & Sons Inc, 2006
Softcover