Long Win Investment (10Th Anniversary New Updated Edition)

"Long-Winning Investment" is a classic for investors to gain an in-depth understanding of the market. John Bogle, a giant in the investment industry and the father of index funds, tells the secret of his legendary investment career of more than 50 years in the book: buy and hold low-cost index funds for a long time. "Long-Win Investing" is one of Boger's most cherished works. As a newly updated edition for the 10th anniversary, this book completely retains the essence of the original version, comprehensively updates the data and information from 2007 to 2017, and adds content on asset allocation and retirement planning. Although the stock market has experienced significant fluctuations, Boger's investment philosophy has still withstood the test of time and has been recognized by more and more investors: Constructing a broadly diversified, low-cost portfolio eliminates the risk associated with individual stocks, market sectors and fund manager decisions; It is necessary to understand the three main sources of long-term returns from stock market investments: dividends, performance growth and valuation changes, in order to establish reasonable expectations for stock market returns in the next 10 years; Don't trade frequently because of the hype of popular trends and topics. Use your own common sense to invest, learn to use the magic of investment returns and avoid the damage of compound interest on investment costs... Nowadays, many outstanding investors have enriched and perfected the concept of index funds, and in academia, index funds have become a recognized investment principle; with "Long-Win Investment", you can easily build an investment portfolio, share market returns fairly, and make the wealth of yourself and your family snowball bigger and bigger.