The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today
| Author | : | |
| Rating | : | 4.56 (792 Votes) |
| Asin | : | 0525944354 |
| Format Type | : | paperback |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 2016-12-16 |
| Language | : | English |
DESCRIPTION:
. From Library Journal In 1990 Harry Markowitz, Merton Miller, and William Sharpe shared the Nobel Prize in Economics for their individual contributions resulting in the development of modern portfolio theory. Highly recommended for academic, public, and special libraries.?Norman B. Along the way he explains why most advice from the news media and investment firms tends to have little basis in reality, why active portfolio management and market timing generally don't work, how institutional investors use "passive" (rather than "active") portfolio management to their advantage, and what questions you should ask before putting your trust in a financial adviser or firm. Louis, provides investors with practical advice on how to employ this widely accepted investment theory in today's comp
But the constant buying and selling to "beat the market" and grow their fund's wealth also entailed costs and capital gains. Throughout the last fifteen years of the bull market, individual investors were able to participate and amass financial holdings by way of mutual funds. Over the past 20 years smart investors began switching to index mutual funds to keep more of their money. And who paid for it? The investor. * The Only Guide to a Winning Investment Strategy You'll Ever Need is the first major book on the newest Index Mutual Funds and strategies, today's biggest investor trend.. Index funds buy and hold all of the stocks in an index, dramatically reducing trading costs and taxes. Based on over forty years of research by the world's leading financial economists, the advice Larry Swedroe offers in this new and valuable book shows that those willing to move beyond conventional wisdom will open themselves to a method of great financial growth. And now, wit
"Everything you need to know" according to Mark T. Meredith. This book is great for understanding financial theory and how markets work and what is the best way for you to implement a long term investment strategy. I would say this book would only be "ok" for novice investors, it is probably better for experienced investors and financial professionals. It is also a little long for someone who is not too interested in their finances.Being in the financial industry I love this book and what it had to offer, but I would recommend that inexperienced investors or people just wanting to learn start with "Wise Investing Made Sim. This book will change your mind about investing Along with the latest edition of Charles Ellis's book (Winning the Loser's Game : Timeless Strategies for Successful Investing), Larry Swedroe's book will drive you away from actively managed mutual funds and toward passively managed index (and more sophisticated asset-class allocation) funds. Swedroe builds a convincing case, not only by marshaling the extensive academic evidence showing that active stock pickers do not persistently beat their passive benchmarks over time, but also by demonstrating that you CAN beat the "market" by allocating your passive inves. Jeff said Swedroe is one of very few honest folks in the business. I read this and his first book. It changed the way I invest completely. There is far too much conflicting interests on Wall Street. From Wall St Houses, Mutual Funds, Investment advisors, analyst, on and on. They are all driven by getting a share of your investment dollars - performance is secondary. (Just look at returns from the mutual funds and the fees they charge - it is criminal). Passive management is so logical. Especially when so few of these advisors and funds EVER beat indexes on a consistent basis. Swedroe's books are both excellent. The second devot