... they center their thinking on enjoying the
benefi ts of achieving their goals, most savers and most
slim people take pleasure in the process of saving and
the process of keeping trim. They do not ... think in terms
of deprivation; they think in terms of making good
progress toward achieving their goal. As they make
progress toward their goal, they have the fun and satis-...
... cold, the rest of the developed world
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The Elements of Investing
These very sad stories make all too clear the cardinal
rule of investing: ... ($5,000/60. 48) $1 18. 34 ($5,000/42.25)
Value at end $6,0 48
(60. 48 ϫ $100)
$5,915
(42.25 ϫ $140)
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... stable, allowing the inves-
tor to sleep better at night.
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The Elements of Investing
investor in the world, amateur or professional. ... something. And
then do something else. The more you do, the merrier
he will be.
Mr. Market is expensive and the cost of transac-
tions is the small part of the...
... 10:16:22 AM
122
The Elements of Investing
now available that track total stock market indexes in the
United States and in the world.
The table on the opposite page shows the menu of ETFs
that ... year can
be put into the plan.
Appendix: Save on Taxes Legally
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1 28
*
These are the rules as of...
... author of A Random Walk Down Wall Street
Bestselling author of Winning the Loser’s Game
THE
ELEMENTS
OF
INVESTING
M
M
A
A
LKI
E
E
L
L
E
E
LLI
S
S
THE ELEMENTS OF INVESTING
In his classic book The Elements ... you
on a path towards a lifetime of fi nancial success.
The Elements of Investing lays to rest the popular
shibboleths that undergird the hyperac...
... Elements of Investing
in the United States. It excludes the 30 percent made up
of smaller companies, many of which are the most entre-
preneurial and capable of the fastest future growth.
Any of the ... market fund
and the other a total bond market fund.
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1 08
The Elements of Investing
invest...
... PM
1 28
*
These are the rules as of 2009; the dollar limits may well be raised in
subsequent years.
wish. Just make sure you are taking full advantage of at
least one of these plans. They not ... get the same initial tax
deduction, but they do enjoy the benefi ts of the tax deferral
Appendix: Save on Taxes Legally
bapp.indd 128bapp.indd 1 28 10/31/09 1:32: 48 PM10/3...
... investing at
the peak of the stock market each year. Another investor
starts later but is the world ’ s luckiest investor, buying at
the absolute bottom of the market every year. The fi rst
investor, ... 9:40:47 AM
8
The Elements of Investing
return not only on your original savings but also on the
accumulated interest that you have earned on your past
investm...
... knowing they ’ ll enjoy longer lives. Savers
enjoy the inner satisfaction of being in control of their
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18
The Elements of Investing
But ... they center their thinking on enjoying the
benefi ts of achieving their goals, most savers and most
slim people take pleasure in the process of saving and
the proce...
... the
United States catches a cold, the rest of the developed world
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56
The Elements of Investing
At the same time, it could be damaging ... results in the situation when the
market goes straight up. Now let ’ s look at the numbers.
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54
The...