Offering advice on how to maximize gains and minimize losses, the author of this guide shows how to analyze and rate the potential for stock, bonds, money market funds, property and tangible assets. New material in this edition covers the dynamic but risky markets in futures and options. The book also examines derivative-type securities, and offers strategies to reduce taxes on investment earnings. Malkiel aims to debunk common stock market myths, and his "Life Cycle Guide to Investing" offers help to readers in adjusting their investment portfolios to key variables.