A Random Walk Down Wall Street: A Time-Tested Strategy for Successful Investing (Eleventh Edition) Audible Audiobook – Unabridged
|New from||Used from|
Audible Audiobook, Unabridged
|Free with your Audible trial|
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 wish 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.
- Free trial includes 1 credit in your first month good for any title of your choice, yours to keep.
- Plus, you can enjoy unlimited listening to The Plus Catalogue—thousands of Audible Originals, podcasts, and audiobooks.
- You'll unlock exclusive member-only sales, as well as 30% off your purchases of any additional titles.
- After 30 days Audible is $14.95/month + applicable taxes. Renews automatically.
People who bought this also bought
Related to this topic
|Listening Length||12 hours and 13 minutes|
|Author||Burton G. Malkiel|
|Audible.ca Release Date||July 07 2015|
|Best Sellers Rank|| #46,170 in Audible Books & Originals (See Top 100 in Audible Books & Originals) |
#244 in Retirement Planning (Books)
#295 in Investing & Trading
#585 in Budgeting & Money Management (Books)
Top reviews from Canada
There was a problem filtering reviews right now. Please try again later.
Book synopsis: invest in diversified ETFs as soon as you can and never sell unless you're retiring.
The book is great, but only as one point: don't actively trade, and don't pay high fees for other people to do so.
I would recommend anyone who's invested in actively managed funds read and follow the steps and move them towards index funds.
While reading the book I researched and investigated various index funds and compared them with actively managed funds and found that index funds performed better. This is one of the reasons I give it a 5 star rating.
Top reviews from other countries
Before reading this book, I know nearly nothing in finance or investing. But I could understand most parts of the book without any problems.
The book can be summed up into a sentence - buy index funds. It took a few hundred pages to explain the reasonings behind, which I found quite impressive (in a good way).
Enjoyed author's sense of humor too. Definitely will recommend this to others.