A random walk down Wall Street : the time-tested strategy for successful investing

In an era of market volatility and economic uncertainty, when high-frequency traders dominate, Burton G. Malkiel's classic investment guide is essential. This fully updated edition offers a research-based strategy for your portfolio, whether you're making your first 401(k) contribution or planning for retirement. You'll discover the basic terminology of "The Street" and learn to navigate it with a user-friendly, long-term investment strategy that works. Drawing from his extensive experience as an economist and investor, Malkiel argues that individuals who consistently buy and hold a low-cost, diversified index of securities are likely to outperform professionally managed portfolios. This edition includes valuable updates on exchange-traded funds and investment opportunities in emerging markets, along with a new chapter assessing the pitfalls and prospects of "smart beta." Additionally, the classic life-cycle guide tailors strategies for investors of any age, helping you plan confidently for the future. You'll learn to analyze potential returns across various investment opportunities, from stocks and bonds to real estate and collectibles. Individual investors at all experience levels will find critical facts and step-by-step guidance to protect and grow their investments. Malkiel's reassuring and informative volume remains a top investment guide.