Burton Malkiel

V této knize se naučíte základní terminologii burzy i to, jak se na ní pohybovat s pomocí snadno pochopitelné dlouhodobé investiční strategie, která skutečně funguje. Využívaje svých vlastních pestrých zkušeností ekonoma, finančního poradce a úspěšného investora Malkiel ukazuje, že i navzdory nedávným protichůdným tvrzením takzvaných expertů v době finanční krize má jednotlivec, který kupuje a drží nízkonákladové a mezinárodně diverzifikované akcie obsažené v tržních indexech, stále vysokou pravděpodobnost být úspěšnější než portfolia pečlivě vybraná profesionály i s využitím sofistikovaných analytických metod. Naučíte se vyhodnocovat potenciální návratnost nejen akcií a dluhopisů, ale i široké škály investičních příležitostí - od účtů peněžního trhu a nemovitostního investičního trustu přes pojištění až po vlastnictví domů a hmotných statků jako zlata nebo sběratelských předmětů. Také se dozvíte, jak si nejlépe naplánovat budoucnost s pomocí investičního průvodce životním cyklem, který uzpůsobuje investiční strategie pro každou věkovou skupinu. Malkiel navíc obohatil toto vydání o zaměření pozornosti na rozvíjející se trhy, kde prudký růst a industrializace mohou nabízet příležitosti na dlouhodobé zisky. Ostřílení i naprosto začínající investoři s libovolně vysokou či nízkou ochotou riskovat najdou v knize důležitá fakta a návod, jak krok za krokem ochránit a rozmnožit těžce vydělané peníze.

Especially in the wake of the financial meltdown, readers will welcome Burton G. Malkiel's reassuring, authoritative, gimmick-free and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street features new material on the Great Recession and the global credit crisis as well as an increased focus on the long-term potential of emerging markets. Malkiel also evaluates the full range of investment opportunities in today's volatile markets, from stocks, bonds and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. These comprehensive insights, along with the book's classic life-cycle guide to investing, chart a course for anyone seeking a calm route through the turbulent waters of the financial markets.

In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel's classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you'll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you're considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your reading list. In A Random Walk Down Wall Street you'll learn the basic terminology of "The Street" and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques. In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, "smart beta." On top of all this, the book's classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You'll learn how to analyze the potential returns, not only for basic stocks and bonds but for the full range of investment opportunities-from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles. Individual investors of every level of experience and risk tolerance will find throughout the book the critical facts and step-by-step guidance they need to protect and grow their hard-earned dollars. With the prevailing wisdom changing on an almost daily basis, Malkiel's reassuring and vastly informative volume remains the best investment guide money can buy.

Today's stock market is not for the faint hearted. At a time of frightening volatility, the answer is to turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street now features new material on "tax-loss harvesting"; the current bitcoin bubble and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. And as always, Malkiel's core insights-on stocks and bonds, as well as investment trusts, home ownership and tangible assets like gold and collectibles-along with the book's classic life-cycle guide to investing, will help restore confidence and composure to anyone seeking a calm route through today's financial markets.