The Successful Investor Today: 14 Essential Investment Truths for Smart Portfolio Growth | Stock Market & Wealth Building Guide for Beginners to Experts
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Product Description
Larry E. Swedroe has long maintained that investors and fund managers have had no sustainable success when chasing hot individual stocks. They say that it is much wiser to buy "baskets" of stocks from prominent indexes - always selected from a variety of major well-run companies. Inevitable market rises and dips, followed by further market rises, plus the miracle of compounding, will build, over a minimum of two decades, real wealth.This book brings together fourteen truths for index investing and discusses why careful and patient investing will capture many of today's big-company stock valuations that will be seen over time to have been tremendous buys.
Customer Reviews
Excellent book on the unpredictability of investments and investors.It essentially says investing in individual stocks is speculating (gambling), not investing. Over the long haul, individual investors (event the top fund managers) don't beat the overall market.Invest in the S&P 500 or other major index and you will build a fine nest egg for retirement, according to the book.This is not a book for someone who wants to double their money in 2 years. It is for the person who wants to turn $100,000 into $800,000 in 21 years (assuming 7% returns that double your money every seven years). Not a bad end for an extremely diversified and responsible investment plan.So if you are 44 years old, and you have $200,000 to invest, you could safely build it to $1.6 million when you turn 65, if this book is correct. I think it is.
