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Straight Talk on Investing

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Straight Talk on Investing

What You Need to Know

Wiley,

15 min. de leitura
10 Ideias Fundamentais
Áudio & Texto

Sobre o que é?

Let the Chairman and CEO of The Vanguard Group make you an investment insider: how to be savvy, successful and safe.

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

The Vanguard Group is the world’s second-biggest mutual fund company, and author Jack Brennan is its chairman and CEO. When this book was published, Vanguard had 15 million shareholders and approximately $600 billion under management. Vanguard pioneered index funds, a type of investment that aims to reflect, not beat, the returns of the market. Because Vanguard does not pay fund managers to outguess the market, it can keep fund fees and expenses low. This economy is one of its primary assets. Brennan’s book, written with Marta McCave, recapitulates sound principles of long-term investing in a straightforward, user-friendly way and details numerous kinds of investments. He does not tell you how to strike it rich in the markets or discover the next Microsoft or recognize unusual patterns in price charts. Better yet, he tells you how to build wealth the unexciting but generally reliable way: slowly, carefully and dispassionately. getAbstract recommends this excellent book to those who don’t want to get rich quick, but who would be very content to get rich eventually. Warning: this book is not for the greedy.

Summary

Investing the Easy WayInvesting successfully is really not hard. You don’t have to be a math whiz or understand everything in the financial press. In fact, sometimes it’s better if you don’t. To be successful, keep learning. Study, read and pay attention. Understand what kinds of investments are available, where you can invest, what risk is and what your own risk appetite is. Avoid faddish ideas. Every decade has its investment craze; every craze ends badly. Have an investment plan and cultivate the discipline to stick to it. To start, you need four kinds of trust:Trust your judgment - Be able to rely on your ability to decide. Don’t assume that others are more competent. Study, and don’t buy based on scoops or come-ons.Trust in the markets - Over time, the markets have rewarded investors. Don’t be so afraid of a temporary setback that you abandon them.Trust in compounding - Time and compound interest are your friends. Start early.Trust in a financial adviser - Find a professional you can rely on over the long term.To succeed, you need an objective, some prudent options as you select investments suited to your circumstances and an investment budget. Analyze your goals and alternatives...

About the Authors

John J. (Jack) Brennan is the Chairman and CEO of The Vanguard Group, a frequent guest on CNBC and other news outlets. SmartMoney magazine ranked him as one of the most influential individuals in investing. Marta McCave is a senior financial writer for The Vanguard Group.

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