"Eternal verities in simple language. By all means, turn off your TV and read this book."
William F. Sharpe, Professor Emeritus
Stanford University Graduate School of Business
Recipient of the Nobel Prize in Economics, 1990
"This gem of an investment guide packs into 200 pages everything an individual needs to know to make informed savings and investment decisions. The advice is elegantly simple, eminently sensible, and delightfully readable. Straight Talk belongs on every investor’s bookshelf."
author of A Random Walk Down Wall Street
"A wonderful book on investing basics, for people trying to get a better handle on their money. Right now, I’d say that’s everyone."
Jane Bryant Quinn, Newsweek columnist
author of Making the Most of Your Money
PART 1: MASTER THE BASICS.
A look at the financial facts of life.
Chapter 1: Successful Investing Is Easier Than You Think.
Chapter 2: You′ve Gotta Have Trust.
Chapter 3: A Map to Success: Hmmm, Sounds Like a Plan.
Chapter 4: Save More Without Feeling the Pinch.
Chapter 5: Hope for the Best But Prepare for Something Less.
PART 2: CONSTRUCT A SENSIBLE PORTFOLIO.
Investing is like a marathon, so you′ll want to suit up appropriately Here′s how.
Chapter 6: Balance and Diversification Help You Sleep at Night.
Chapter 7: You Need a Personal Investment Policy Whether You Start with Zillions or Zip.
Chapter 8: Mutual Funds: The Easy Way to Diversify.
Chapter 9: How to Pick a Mutual Fund (And How Not To).
Chapter 10: It′s What You Keep That Counts.
Chapter 11: Risk: Give It the Gut Test.
Chapter 12: Keep Things Simple.
PART 3: MANAGE YOUR INVESTMENTS WITH FOCUS AND DISCIPLINE.
Once you assemble a well–constructed portfolio, you don′t have to spend every waking moment tending to it–in fact, you′ll be better off if you don′t.
Chapter 13: Buy and Hold Really Works.
Chapter 14: Making Money Is What Matters.
Chapter 15: Time Is Everything.
Chapter 16: Give Your Portfolio an Occasional Tune–Up.
Chapter 17: Stupid Math Tricks for Smart Investors.
PART 4: STAY ON COURSE.
A look at the things that can cause investors to come unglued.
Chapter 18: "It′s a Mad, Mad, Mad, Mad World".
Chapter 19: Why You May Be Your Own Worst Enemy.
Chapter 20: Bear Markets Will Test Your Resolve.
Chapter 21: "Ain′t Got No Distractions, Can′t Hear Those Buzzers and Bells".
Chapter 22: Regrets? I′ve Had a Few.
Appendix A: A Guide to Stock and Bond Funds.
Appendix B: Some Industry Jargon.
Recommended Reading: For Background and for Fun.
MARTA McCAVE is a senior financial writer for The Vanguard Group and a former journalist.