Personal Investing: The Missing Manual

Errata for Personal Investing: The Missing Manual

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The errata list is a list of errors and their corrections that were found after the product was released. If the error was corrected in a later version or reprint the date of the correction will be displayed in the column titled "Date Corrected".

The following errata were submitted by our customers and approved as valid errors by the author or editor.

Color Key: Serious Technical Mistake Minor Technical Mistake Language or formatting error Typo Question Note Update



Version Location Description Submitted By Date Submitted Date Corrected
Printed
Page 2
4th paragraph

"With the average inflation rate at 3.4%, the COL doubles in about 21 years [correct]. By the time a college graduate reaches 100, annual living expenses would cost three times as much" ?? 100 years old?? at 23 y.o. COL = X at 44 y.o. COL = 2X at 65 y.o. COL = 4X at 86 y.o. COL = 8X at 107 y.o. COL = 16X

Note from the Author or Editor:
The sentence should end with "annual living expenses would cost fourteen times as much."

Gloria Kohut  Aug 21, 2011  Jul 19, 2013
Printed
Page 15
1st paragraph

The correct URL for historic inflation rates is http://tinyurl.com/5m2snb.

Peter McKie  May 10, 2010  Jul 19, 2013
Printed
Page 25
2nd bullet piont

Retirement ages: If you were born in 1937 or earlier, the age of full retirement is 65. If you were born between 1938 and 1960, full retirement gradually increases to age 67. If you were born in 1960 or later, full retirement is age 67.

Note from the Author or Editor:
In second bullet point about How much you get in Social Security: Replace the sentences that start "In addition, full retirement age" and the sentence in parentheses with the detailed description provided by Peter McKie.

Peter McKie  Jun 09, 2010  Jul 19, 2013
Printed
Page 72
"Note" box at the bottom of page

"the price of ETFs change" should read "the price of ETFs changes" or "the prices of ETFs change".

Note from the Author or Editor:
change "the price of ETFs change" to "the prices of ETFs change"

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 87
The last two paragraphs

There is a reference to the image on p.88 and to 3-year, 5-year and 10-year values in the Trailing Total Returns section, but these values are not visible in the image on p.88.

Note from the Author or Editor:
After "the negative numbers for the 3- and 5-year periods" insert "(not visible in the figure on page 88)"

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 90
"Gem in the Rough"

"how mani investments" should read "how many investments".

Note from the Author or Editor:
change mani to many

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 92
The three bullet points at the top of page

These bullet points refer to Class A, B and C shares. Nowhere in the book are these "Classes" defined. A beginner in personal investing would not know the meaning of these.

Note from the Author or Editor:
append to the end of the line prior to the first bullet point (before the colon) "the share class usually appears at the end of the fund's name"

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 100
Second bullet point under "Managing Taxes"

This bullet says that we should put bond funds in tax-advantaged accounts. However, the table in p.69 says that we should put them in taxable accounts.

Note from the Author or Editor:
the table on page 69 says to put municipal bonds and bond funds in taxable accounts while regular bonds go into tax advantaged accounts. on page 100, add at end of second bullet point "See page 67 to learn more about using tax-advantaged and taxable accounts."

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 109
2nd paragraph

"On page 156 you learned that. . . " should read "On page 156 you will learn that. . . " since we are at page 109 and page 156 comes after page 109.

Note from the Author or Editor:
Change "On page 156 you learned " to "On page 156 you learn that"

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 160
Sidebar: What's Your Risk Tolerance

The URL for the Schwab site to test your risk tolerance is http://tiny.cc/k4xp7.

Peter McKie  May 10, 2010  Jul 19, 2013
Printed
Page 161
Last paragraph above the "Tip" box

"If you own 10 stocks and one drops 50%, your portfolio loses only 5%" should read "If you invest in 10 stocks equally (i.e., each represents 10% of your overall portfolio) and one drops 50% while the other nine stay at their original prices, your portfolio loses only 5%".

Note from the Author or Editor:
Change the sentence to "If you divide your investment equally among10 stocks and one drops 50% while the others remainat their original prices, your portfolio loses only 5%".

Anonymous  Feb 15, 2012  Jul 19, 2013
Printed
Page 190
table at the bottom of the page

Values in both columns do not add up. The entire table is based on $1,250,000, yet the dollars only add up to $1,000,000. Also, the allocation % only adds up to 80%.

Note from the Author or Editor:
Bonds should be 25% and $250,000. REITs shoudl be 25% and $250,000

Susan Green  Aug 31, 2012  Jul 19, 2013
Printed
Page 192
2nd paragraph

For someone born in 1950, full retirement age is 66, not 65.

Note from the Author or Editor:
First paragraph after the heading Social Security delayed retirement credit Replace first sentence with "Say you were born in 1950, so full retirement age is 66 (the sliding scale increase it to 67 if you were born after 1959)".... Also, change the bullet point to "At full retirement age of 66 (for someone born in 1950)."

Peter McKie  Jun 09, 2010  Jul 19, 2013