Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds

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Publisher : Pearson Education
ISBN 13 : 0132609940
Total Pages : 30 pages
Book Rating : 4.1/5 (326 download)

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Book Synopsis Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds by : Jeffrey Feldman

Download or read book Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds written by Jeffrey Feldman and published by Pearson Education. This book was released on 2010-09-13 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the eBook version of the printed book. This Element is an excerpt from Three Paths to Profitable Investing: Using ETFs in Healthcare, Infrastructure, and the Environment to Grow Your Assets (9780137054268) by Jeffrey Feldman and Andrew Hyman. Available in print and digital formats. Systematically evaluate the risks of ETFs, so you can use them more safely and profitably. Despite their advantages, ETFs (Exchange Traded Funds) are not risk free. No investment is. However, understanding the risks that are particular to ETFs helps investors prepare for unforeseen events and build their portfolios. The first risk to understand is index risk. ETFs are designed to match an index and are passive investments.

Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (729 download)

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Book Synopsis Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds by : Andrew Hyman

Download or read book Understanding the Risk of Investing with ETFs and Why They Still Beat Mutual Funds written by Andrew Hyman and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding ETFs and Why They Beat Mutual Funds as an Investment

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Author :
Publisher : Pearson Education
ISBN 13 : 0132609916
Total Pages : 43 pages
Book Rating : 4.1/5 (326 download)

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Book Synopsis Understanding ETFs and Why They Beat Mutual Funds as an Investment by : Jeffrey Feldman

Download or read book Understanding ETFs and Why They Beat Mutual Funds as an Investment written by Jeffrey Feldman and published by Pearson Education. This book was released on 2010-09-13 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the eBook version of the printed book. This Element is an excerpt from Three Paths to Profitable Investing: Using ETFs in Healthcare, Infrastructure, and the Environment to Grow Your Assets (9780137054268) by Jeffrey Feldman and Andrew Hyman. Available in print and digital formats. What ETFs are, how they work, and why they’re so valuable to today’s investors. Is there a low-cost, simple investment tool for buying into future trends? Yes: the Exchange Traded Fund (ETF). ETFs trade on a stock exchange and are comprised of a basket of securities that track a particular index. ETFs can also track a sector’s performance, letting investors buy into an industry without relying on individual stocks. Unlike mutual funds, ETFs trade continuously.

Smarter Investing

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Publisher : Pearson UK
ISBN 13 : 027378966X
Total Pages : 293 pages
Book Rating : 4.2/5 (737 download)

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Book Synopsis Smarter Investing by : Tim Hale

Download or read book Smarter Investing written by Tim Hale and published by Pearson UK. This book was released on 2013-10-11 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The White Coat Investor

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Publisher : White Coat Investor LLC the
ISBN 13 : 9780991433100
Total Pages : 160 pages
Book Rating : 4.4/5 (331 download)

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Book Synopsis The White Coat Investor by : James M. Dahle

Download or read book The White Coat Investor written by James M. Dahle and published by White Coat Investor LLC the. This book was released on 2014-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!

The ETF Book

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Publisher : John Wiley & Sons
ISBN 13 : 1118045092
Total Pages : 454 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis The ETF Book by : Richard A. Ferri

Download or read book The ETF Book written by Richard A. Ferri and published by John Wiley & Sons. This book was released on 2011-01-04 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by veteran financial professional and experienced author Richard Ferri, The ETF Book gives you a broad and deep understanding of this important investment vehicle and provides you with the tools needed to successfully integrate exchange-traded funds into any portfolio. Each chapter of The ETF Book offers concise coverage of various issues and is filled with in-depth insights on different types of ETFs as well as practical advice on how to select and manage them.

A Comprehensive Guide to Exchange-Traded Funds (ETFs)

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1934667862
Total Pages : 202 pages
Book Rating : 4.9/5 (346 download)

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Book Synopsis A Comprehensive Guide to Exchange-Traded Funds (ETFs) by : Joanne M. Hill

Download or read book A Comprehensive Guide to Exchange-Traded Funds (ETFs) written by Joanne M. Hill and published by CFA Institute Research Foundation. This book was released on 2015-05 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange-traded funds (ETFs) have become in their 25-year history one of the fastest growing segments of the investment management business. These funds provide liquid access to virtually every financial market and allow large and small investors to build institutional-caliber portfolios. Yet, their management fees are significantly lower than those typical of mutual funds. High levels of transparency in ETFs for holdings and investment strategy help investors evaluate an ETF’s potential returns and risks. This book covers the evolution of ETFs as products and in their uses in investment strategies. It details how ETFs work, their unique investment and trading features, their regulatory structure, how they are used in tactical and strategic portfolio management in a broad range of asset classes, and how to evaluate them individually.

Can I Retire Yet?

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Publisher : StructureByDesign
ISBN 13 : 9780989283021
Total Pages : 276 pages
Book Rating : 4.2/5 (83 download)

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Book Synopsis Can I Retire Yet? by : Darrow Kirkpatrick

Download or read book Can I Retire Yet? written by Darrow Kirkpatrick and published by StructureByDesign. This book was released on 2016-05-20 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: You've worked hard, lived carefully, and saved diligently. You've reached major milestones and accumulated more assets than you dreamed possible, and yet you hesitate. ""Can I retire?"" This book will help answer that question by showing you.... The tools you need to live a secure and independent retirement, without worrying about money What you must know before leaving a career behind How much it will cost you to live in retirement, and how to manage your cash flow The current choices for retirement health care, including lesser-known but effective options The threat from inflation: two secrets that politicians and bankers will never admit A realistic assessment of the impact that income taxes will have on your retirement Social Security's role in your retirement: when you should claim and how much it's worth to you How to construct and manage an investment portfolio for income and growth in retirement About immediate annuities and why you need multiple sources of retirement income The key variables and unknowns in your retirement withdrawal equation Reviews of the best retirement calculators, and tips for how to use them accurately Beyond the simplistic 4% Rule to the latest research on safe withdrawal rates Realistic bracketing of your retirement savings needs, without over caution or overconfidence The history of economic cycles and the related asset classes for optimal retirement security A survey of strategies plus original research for how to orchestrate your retirement distributions A practical "retirement fuel gauge" alerting you to problems while you still have time to act Backup plans: the "lifeboat strategies" for ensuring you'll never be without essential income The 6 crucial questions to answer before you can retire The one, simple, powerful, non-financial reason that you can and should retire earlier than later

ETF Trading and Investing Strategies (Collection)

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Publisher : FT Press
ISBN 13 : 0132931427
Total Pages : 924 pages
Book Rating : 4.1/5 (329 download)

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Book Synopsis ETF Trading and Investing Strategies (Collection) by : Tom Lydon

Download or read book ETF Trading and Investing Strategies (Collection) written by Tom Lydon and published by FT Press. This book was released on 2011-12-30 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: Breakthrough ETF trading and investing strategies: 3 books packed with techniques for reducing your risks and costs – and supercharging your returns Three remarkable books help you use the latest ETF strategies to cut your investing costs, control your risks, and improve your returns! In The ETF Trend Following Playbook, Tom Lydonhelps you drive superior performance by combining proven trend following strategies, low-cost ETFs, and fully-proven technical analysis methods. You’ll discover how to quickly identify markets that are about to plummet, so you can get out of the way... and how to identify markets that are headed up, so you can capture all of their profits.In Buy–Don’t Hold, Leslie Masonson shows how to avoid the massive stock-market drops that destroy “buy and hold” investors, and offers specific, easy-to-use investing strategies for investors with each risk profile: conservative, moderate and aggressive. Finally, in Investing with Exchange Traded Funds Made Easy, Marvin Appel cuts through today’s ETF marketing hype, helping you choose the right ETFs from the hundreds now available. Drawing on objective data and proven, backtested strategies, Appel reveals what ETFs can and can’t do, and shows exactly how to use them to consistently beat the market. From world-renowned investing experts including Tom Lydon, Les Masonson, and Marvin Appel

Strategic Index Investing

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Publisher : Karger Publishers
ISBN 13 : 9781585972951
Total Pages : 336 pages
Book Rating : 4.9/5 (729 download)

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Book Synopsis Strategic Index Investing by : Richard D. Romey

Download or read book Strategic Index Investing written by Richard D. Romey and published by Karger Publishers. This book was released on 2005-02 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange-Traded Funds (EFTs) are one of the most important financial developments of the last fifty years. This book explains, in easy to understand terms, how ETFs work and the many advantages they offer compared to traditional mutual funds. Specific strategies are discussed to help the reader construct a winning, long-term investment portfolio using ETFs that will succeed regardless of changing market conditions, economic uncertainty, or political climate. The book details a 21st Century approach to portfolio management that is based on: 1) the advantages offered by exchange-traded funds, 2) the diversification benefits of asset allocation, 3) the efficiency of indexing, and 4) the flexibility of active portfolio management strategies. Actual investment strategies are given to maximize return and minimize risk. This book provides a comprehensive look at the powerful forces that are changing the way we invest.

Never Buy Another Stock Again

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Publisher : FT Press
ISBN 13 : 0132564106
Total Pages : 255 pages
Book Rating : 4.1/5 (325 download)

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Book Synopsis Never Buy Another Stock Again by : David Gaffen

Download or read book Never Buy Another Stock Again written by David Gaffen and published by FT Press. This book was released on 2010-09-09 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Want to build long-term, sustainable wealth? Then stay out of the stock market! That’s radically different advice from what the "experts" have served up for decades... but look at the miserable results those pundits have delivered! Investors who’ve chosen equity-based buy-and-hold approaches have seen their assets decline dramatically: not just for a year, but often for decades. Fortunately, there are better ways to invest — and Never Buy Another Stock Again reveals them. Renowned Reuters financial journalist David Gaffen first explains why stocks are an even worse short- and long-term investment than you realize. Next, he shows how to create a balanced portfolio that reflects a "big-picture," holistic approach, intelligently incorporating cash, real estate, retirement funds, savings, and other holdings. Gaffen’s strategies rely primarily on investments outside the stock market, while identifying strictly limited roles for mutual funds and ETFs. Readers will learn how to: dramatically reduce investing costs that can kill your returns; invest in an environment where double-digit returns can never be expected; overcome huge flaws in conventional diversification strategies; and offset risks associated with existing equity ownership.

The ETF Strategist

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Author :
Publisher : Penguin
ISBN 13 : 1440636923
Total Pages : 272 pages
Book Rating : 4.4/5 (46 download)

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Book Synopsis The ETF Strategist by : Russ Koesterich

Download or read book The ETF Strategist written by Russ Koesterich and published by Penguin. This book was released on 2008-05-29 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sophisticated guide to today?s hottest investment vehicle? exchange traded funds The ETF Strategist is aimed primarily at investment advisers and sophisticated retail investors who are interested in using exchange traded funds, or using them more effectively than they already do. Compared with mutual funds, ETFs can offer a better way to diversify risk, target specific sectors or countries, avoid style drift, and maintain a specific asset allocation that might include real estate or commodities. Previous ETF books have focused on their mechanics, regulation, and other basic information. But The ETF Strategist goes much further, showing how ETFs can improve many aspects of an overall investment strategy. It explores advanced concepts such as alphabeta separation, which basically means ?don?t confuse skill with risk.? And it shows how different ETFs can be combined to find the ideal balance of risk and potential reward.

All About Index Funds

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Publisher : McGraw Hill Professional
ISBN 13 : 0071423389
Total Pages : 290 pages
Book Rating : 4.0/5 (714 download)

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Book Synopsis All About Index Funds by : Richard Ferri

Download or read book All About Index Funds written by Richard Ferri and published by McGraw Hill Professional. This book was released on 2002-08-20 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: ALL ABOUT . . . SERIES All About INDEX FUNDS Index mutual funds routinely outperform 80 percent of managed funds, and more investors than ever are embracing index funds to eliminate the anxiety and expense of trying to "beat the market." All About Index Funds covers aspects including key benefits of index fund investing, how to create a custom index fund that suits specific investing needs, effective portfolio techniques and model portfolios, and more.

Investing in ETFs For Dummies

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Publisher : John Wiley & Sons
ISBN 13 : 1119121922
Total Pages : 291 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Investing in ETFs For Dummies by : Russell Wild

Download or read book Investing in ETFs For Dummies written by Russell Wild and published by John Wiley & Sons. This book was released on 2015-10-26 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diversify! Add ETFs to your investment portfolio Whether you are a seasoned investor or you're just getting into the investment game, one thing is certain: you need to diversify! Investing In ETFs For Dummies is a practical, easy-to-use resource that introduces you to the world of exchange-traded funds—and provides you with the knowledge you need to incorporate ETFs into your investment strategy. Discover commodity ETFs, style ETFs, country ETFs, and inverse ETFs, all of which play an important role in this new trading environment. Supplement your knowledge with an understanding of the risks and rewards associated with ETF investments, and consider how ETF investments can complement your current portfolio. Though not as well-known as some other investment options, ETFs are wonderful tools for filling in the gaps in your investment portfolio. These investment options have the power to give you access to markets or investment areas that, otherwise, may be restricted, too expensive, or exceedingly risky—and can open investment doors you may have not yet considered. Understand how to navigate the ETF marketplace with confidence Make informed investment decisions based upon fundamental knowledge about the ETF market Explore the latest ETF products, providers, and strategies to guide you in choosing the right ones for your needs Increase the diversity of your investment portfolio, and bring a new facet of potential to your investment strategy Investing In ETFs For Dummies is a great resource if you're looking to enhance your investment portfolio by participating in the ETF market!

The Complete Guide to Investing in Exchange Traded Funds

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Author :
Publisher : Atlantic Publishing Company
ISBN 13 : 1601382901
Total Pages : 338 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Complete Guide to Investing in Exchange Traded Funds by : Martha Maeda

Download or read book The Complete Guide to Investing in Exchange Traded Funds written by Martha Maeda and published by Atlantic Publishing Company. This book was released on 2009 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of Exchange Traded Funds (ETFs) in recent years alongside an unprecedented access to investment resources by any individual with a computer has led to a major boost in the market for many of these funds. According to recently released numbers reported in the Chicago Tribune, there are more than $608 billion in assets within ETFs, with almost $400 billion of that in domestically traded assets an increase of almost 40 percent in one year. This book will provide for you a complete guide to both understanding how to invest in Exchange Traded Funds and to earn the highest possible rates of return without risking your financial future. You will learn why the ETF has become the next major addition to essentially every casual trader s portfolio, offering a viable alternative to high-fee mutual funds and Wall Street infused stock trading. You will discover the multiple ways in which you can build the stock equity side of your portfolio, through large and small growth, sector investing, international investing, and with specialized stock ETFs. In addition to standard forms of ETFs, you will learn the various forms of Bond ETFs, Real Estate Investment Trading ETFs, and Commodity ETFs for gold, silver, and other precious metals. Also, you will discover why you should include a mixture of non-ETF investments in your portfolio to remain diversified at all times. A special section detailing a sample ETF portfolio and how yours should be organized will help you understand the format and building structure for ETF investments. The keys to buying and holding successfully, a stark change from normal investment strategies, will help you learn what ETFs do differently, while the listing of rule exceptions make it easy to recognize when you will have even more options than you originally expected. Through countless hours of interviews with financial professionals and newly independent traders like yourself, you will learn exactly how ETFs are being used today to revolutionize the world of personal finance, including retirement funding, education savings, and portfolio diversification. A list of commonly asked questions will ensure that every possible question you currently have is taken care of and the top ten mistakes that every new investor makes when starting with ETFs will help keep you from increasing your risk. You will be shown the entire corral of trading options at your disposal, both online and offline, and how Internet trading can help to increase your returns even further. The vital task of risk management is touched on repeatedly within each chapter, while trading profiles help you understand which investments have been most successful in recent years. For anyone getting ready to start trading in the highly lucrative ETF market, this book is a must have tool. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

The Little Book of Common Sense Investing

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Publisher : John Wiley & Sons
ISBN 13 : 1119404517
Total Pages : 155 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis The Little Book of Common Sense Investing by : John C. Bogle

Download or read book The Little Book of Common Sense Investing written by John C. Bogle and published by John Wiley & Sons. This book was released on 2017-09-20 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best-selling investing "bible" offers new information, new insights, and new perspectives The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500. While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing. A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.” Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world's best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others. This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future. Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation. Forget the fads and marketing hype, and focus on what works in the real world. Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade. Recognize that in the long run, business reality trumps market expectations. Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs. While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.

Volatility Trading

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118045297
Total Pages : 228 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Volatility Trading by : Euan Sinclair

Download or read book Volatility Trading written by Euan Sinclair and published by John Wiley & Sons. This book was released on 2011-01-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Volatility Trading, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader. Your goal, Sinclair explains, must be clearly defined and easily expressed-if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals. As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful. This book, and its companion CD-ROM, will provide that knowledge. The CD-ROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines.