Here is the synopsis of our sample research paper on “A Random Walk Down Wall Street”: A Review of the Book by Burton Gordon Malkiel. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 5 page review of this classic investment guide. First published almost thirty years ago this book provides tremendous insight into the investment world of Wall Street. Malkiel’s philosophy is actually quite simple. He views the active management of mutual funds too complex and unsure for the individual investor. So too is the management of securities. Instead, Malkiel recommends the purchase of a broad range of index funds. No additional sources are listed.
Page Count:
5 pages (~225 words per page)
File: AM2_PPwallSt.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
Burton Gordon Malkiels "A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing" is a not-so-random look into
the world of Wall Street Investing. It is, in fact, a classic book in investing. Malkiels philosophy is actually quite simple. He views the active management of
mutual funds too complex and unsure for the individual investor. So too is the management of securities. Instead, Malkiel recommends the purchase of a broad range of index
funds (Willshire 5000 index funds, S&P 500 index funds, etc.), funds which he proclaims have the potential to outperform even professionally managed portfolios. Another touted advantage of index funds is
the avoidance of expense charges and trading costs which are characteristic of other types of Wall Street investments. Malkiel isnt new to the
world of investing. Nor is "A Random Walk Down Wall Street". The book was first published almost thirty years ago and has gone through seven printings. It covers
the pluses and minuses of several forms of investments including money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs. One of Malkiels particularly applicable considerations is the fact that
risk capacities vary for individual investors according to a number of factors. This variation is most pronounced in age and employment. While a younger individual looks to their
employment as their primary income, an older investor typically has less work income and more dependence on their savings and investments. The younger individual can thus offset investment losses
more effectively than can the older individual. The obvious point in this correlation is that investment strategies vary over time according to such factors as age and employment.
...