Exchange-Traded Funds For Dummies breaks down the ETF basics (what are they, anyway?) and then helps you map out all your portfolio possibilities. It gives you an insider (the legal kind!) perspective on the investment process, starting with an overview of ETFs and how they differ from stocks and mutual funds. The book also helps you measure risk and add on to your portfolio, and offers advice on how to avoid the mistakes even professionals sometimes make. Throughout, you’ll also find plenty of tips, tricks, and even sample portfolios to set you up on the right path for investment success.
Author’s Note:
Every month, it seems, Wall Street comes up with some newfangled investment idea. The array of financial products (replete with 164-page prospectuses) is now so dizzying that the old, lumpy mattress is starting to look like a more comfortable place to stash the cash. But there is one product that is definitely worth looking at, even though it’s been around not even 30 years. It’s something of a cross between an index mutual fund and a stock, and it’s called an exchange-traded fund, or ETF.
Just as computers and fax machines were used by big institutions before they caught on with individual consumers, so it was with ETFs. They were first embraced by institutional traders — investment banks, hedge funds, and insurance firms — because, among other things, they allow for the quick juggling of massive holdings. Big traders like that sort of thing. Personally, playing hot potato with my money is not my idea of fun. But all the same, over the past not-even 20 years, I’ve invested most of my own savings in ETFs, and I’ve suggested to many of my clients that they do the same.
I’m not alone in my appreciation of ETFs. They have grown exponentially in the past few years, and they will surely continue to grow and gain influence. While I can’t claim that my purchases and my recommendations of ETFs account for much of the growing, global $9 trillion-plus ETF market, I’m happy to be a (very) small part of it. After you’ve read this third edition of Exchange-Traded Funds For Dummies, you may decide to become part of it as well, if you haven’t already.
Contents:
- No Longer the New Kid on the Block
- What the Heck Is an ETF, Anyway?
- Getting to Know the Players
- Risk Control, Diversification, and Some Other Things You Need to Know
- Large Growth: Muscular Money Makers
- Large Value: Counterintuitive Cash Cows
- Small Growth: Sweet Sounding Start-ups
- Small Value: Diminutive Dazzlers
- Going Global: ETFs without Borders
- Sector Investing: ETFs According to Industry
- Real Estate Investment Trusts: Becoming a Virtual Landlord
- Dividend Funds: The Search for Steady Money
- For Your Interest: The World of Bond ETFs
- Your Basic Bonds: Treasuries, Agency Bonds, and Corporates
- Moving Beyond Basics into Municipal and Foreign Bonds
- All That Glitters: Gold, Silver, and Other Commodities
- Investing for a Better World
- Going Active with ETFs
- All-In-One ETFs: For the Ultimate Lazy Portfolio
- Proceed-with-Caution ETFs
- Sample ETF Portfolio Menus
- Exercising Patience: The Key to Any Investment Success
- Exceptions to the Rule (Ain’t There Always)
- Using ETFs to Fund Your Fun (Retirement) Years
- Marrying ETFs and Non-ETFs to Make an Optimal Portfolio
- Ten FAQs about ETFs
- Ten Mistakes Most Investors (Even Smart Ones) Make
Ten Forecasts about the Future of ETFs and Personal Investing
Exchange-Traded Funds For Dummies By Russell Wild pdf
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