Getting Started in Exchange Traded Funds (ETFs)

(4 customer reviews)

$8.31

Author(s)

Format

PDF

Pages

303

Published Date

2007

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Description

Getting Started in Exchange Traded Funds (ETFs) tells you what you need to know. It shows you how ETFs are created. It dissects risk. It points out what to look for when you are considering buying an ETF. It explains the different styles of ETFs and how the different styles have fared over the years. It gives you a quick guide to futures contracts on ETFs. Same for put and call options on ETFs.

Introduction:

There are several possible uses for ETFs:

  • A broad-based ETF can be employed as the core of a portfolio; a foundation for other, shorter term, more risky pursuits under-taken in an attempt to increase returns. The ETF helps ensure that the portfolio’s overall performance does not differ markedly from the investor’s long-term goals.
  • An ETF can be used as a temporary parking spot for cash. It is freely bought and sold for nominal transaction costs.
  • If you want to set a certain investment benchmark—e.g., a diverse portfolio of midcap value stocks—it is much more convenient and less costly to buy, say, the iShares Russell Midcap Value Index Fund than to sort through and buy a large number of individual stocks.
  • A broad-based ETF can be used for short-term trading. It is liquid, and its diversity virtually eliminates any unpleasant surprises resulting from single-stock risk.
  • ETFs enable you to participate in markets that might not otherwise be available to you, such as foreign stocks or commodities.

In this book, We show you several ways to forecast ETF prices. We demonstrate how to use ETFs for hedging. We also provide you with help for day-to-day buying and selling; such as, what kind of order to use in a given market situation, how to deal with an unrealized loss, the safest way to add to a winning position. Online access and single-digit trading commissions have made very short-term trading feasible. If you are interested in traveling in the fast lane, we’ll show you how to start your engine.

You’ll find this book very easy to read. There’s little theory, no jargon, and only a sprinkling of math. Sentences are short and sweet, and there are plenty of everyday examples to make sure that you understand. When you’ve finished reading, you’ll be able to approach the subject of exchange-traded funds with confidence.

This book is written from the point of view of a trader, by one who was a member and floor broker on the Chicago Board Options Exchange for a number of years. When it comes time for you to find a suitable ETF, the trail begins in Chapter 15, which lists the ETFs and the indexes that they track. The next stop is Chapter 16, where you’ll find a description of the index behind the ETF. If you still like what you see, Appendix A contains a mini-prospectus for almost every ETF traded today, arranged alphabetically by trading symbol.

Contents:

  • A Seagull’s View of an Exchange-Traded Fund
  • The Genealogy of the Exchange-Traded Fund
  • Mustering a Retirement Fund
  • How Exchange-Traded Funds Are Created
  • Shopping for an Exchange-Traded Fund
  • Pork Bellies Don’t Fit in a Safe Deposit Box
  • Position Management
  • Price Forecasting Using Fundamental Analysis
  • Technical Analysis
  • The Tuesday Investors
  • Futures Contracts on Exchange-Traded Funds
  • Options on Exchange-Traded Funds
  • Day Trading
  • A Very Short Word about Taxes
  • An ETF Menu
  • The Underlying Indexes
Getting Started in Exchange Traded Funds (ETFs) By Todd Lofton pdf
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4 reviews for Getting Started in Exchange Traded Funds (ETFs)

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  1. Laila Armstrong (verified owner)

    Todd Lofton delivers what he promises with an approach and advice that has the footprint of an experienced trader. Instead of addressing dummies,’ he’s written a book for the intelligent investor who is inexperienced using ETFs. It progresses through every area, from passive positions to options, in a way that makes you comfortable trading. You can see that the way he gives experienced advice at the end puts this book on a higher plane.

  2. Jolie Wang (verified owner)

    With so many under-performing mutual funds, investing in ETFs is truly the intelligent way to invest. This is a great primer for anyone interested in understanding this market better.

  3. Cohen Roberts (verified owner)

    Do not fall for the other review like me. Generally I avoid books which have less than 10 reviews. But decided to try this as there are not many books available on ETF’s.

    This book is very badly written and poorly edited. It is neither for beginners nor for professionals. I am very disappointed that Wiley could publish such a book and some kind of experts (three of them) endorsing it on the back flap.

    I want to give less than one star, but sacred traders does not let me do that. If not for following reasons I would have given this book at least two stars.

    1)About 100 pages (from page 165 to 268) dedicated to listing various ETF’s available in market. These pages cover information like inception date, asset size, expense ratio, past returns for each of the ETF’s. All this information is available fro free on many web sites and I do not understand why anyone would waste 100 pages in a book.

    2) Short chapters with a story in each. At the end these meaningless stories the primary character decides to invest in ETF.

    3)Same information is repeated in the text and side notes. Too many redundant side notes.

  4. Grant Ahmed (verified owner)

    Excellent book on ETFs. The book also provided a good background for researching ETFs.

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