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Become an ETF expert with this up-to-date investment guide Want to expand your portfolio beyond stocks and mutual funds? (Of course you do, you smart investor you.) Then take a look at exchange-traded funds (ETFs)! A cross between an index fund and a stock, they're transparent, easy to trade, and tax-efficient. They're also enticing because they consist of a bundle of assets (such as an index, sector, or commodity), so diversifying your portfolio is easy. You might have even seen them offered in your 401(k) or 529 college plan. Exchange-Traded Funds For Dummies is your primer on ETFs. 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. With Exchange-Traded Funds For Dummies, you will:
Russell Wild, MBA, is the author or coauthor of nearly two dozen books, including Index Investing For Dummies and Bond Investing For Dummies. He has a master's degree in business administration and a graduate certificate in personal financial planning. Wild is also an associate of NAPFA.
Autorentext
Russell Wild, MBA, is the author or coauthor of nearly two dozen books, including Index Investing For Dummies and Bond Investing For Dummies. He has a master's degree in business administration and a graduate certificate in personal financial planning. Wild is also an associate of NAPFA.
Klappentext
Putting the fun in funds
With ETFs, you can expand your investing horizons in a truly mind-boggling number of waysbut why let your mind boggle when you could learn about it the easy way? Exchange-Traded Funds For Dummies breaks down the ETF basics (what are they, anyway?) and then helps you map out all your portfolio possibilities. Bullish on tech stocks? Want to make sure your portfolio keeps up with inflation? Looking for an easy way to build a safe bond portfolio? It's all available within the ETF world, and Dummies shows you how to get started. Inside
Zusammenfassung
Become an ETF expert with this up-to-date investment guide Want to expand your portfolio beyond stocks and mutual funds? (Of course you do, you smart investor you.) Then take a look at exchange-traded funds (ETFs)! A cross between an index fund and a stock, they're transparent, easy to trade, and tax-efficient. They're also enticing because they consist of a bundle of assets (such as an index, sector, or commodity), so diversifying your portfolio is easy. You might have even seen them offered in your 401(k) or 529 college plan. Exchange-Traded Funds For Dummies is your primer on ETFs. 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. With Exchange-Traded Funds For Dummies, you will:
Inhalt
Introduction 1
Since the First Edition 1
Out of the shadows 2
Filling* the investment voids 2
Creations of dubious value 2
Morphing into new creatures 3
About This Book 3
Foolish Assumptions 5
Icons Used in This Book 5
Beyond the Book 6
Where to Go from Here 6
Part 1: The ABCs of ETFs 7
Chapter 1: No Longer the New Kid on the Block 9
In the Beginning 10
Enter the traders 10
Moving south of the border 10
Fulfilling a Dream 11
Goodbye, ridiculously high mutual fund fees 11
Hello, building blocks for a better portfolio 12
Will you miss the court papers? 12
Not Quite as Popular as the Beatles, But Getting There 12
Moving from Wall Street to Main Street 14
Keeping up with the Vanguards 15
Ready for Prime Time 16
The proof of the pudding 17
The major players 18
Twist and shout: Commercialization is tainting a good thing 19
Chapter 2: What the Heck Is an ETF, Anyway? 23
The Nature of the Beast 24
Choosing between the Classic and the New Indexes 25
Preferring ETFs over Individual Stocks 26
Distinguishing ETFs from Mutual Funds 27
Why the Big Boys Prefer ETFs 28
Trading in large lots 28
Savoring the versatility 28
Why Individual Investors Are Learning to Love ETFs 30
The cost advantage: How low can you go? 30
Uncle Sam's loss, your gain 33
What you see is what you get 36
Getting the Professional Edge 37
Consider a few impressive numbers 38
You can do what they do! 38
Passive versus Active Investing: Your Choice 39
The index advantage 39
The allure of active management 40
Why the race is getting harder to measure and what to do about it 41
Do ETFs Belong in Your Life? 42
Calculating commissions 42
Moving money in a flash 42
Understanding tracking error 43
Making a sometimes tricky choice 43
Chapter 3: Getting to Know the Players 47
Creating an Account for Your ETFs 48
Answering a zillion questions 48
Placing an order to buy 50
But wait just a moment! 51
Trading ETFs like a pro 51
Introducing the Shops 52
What to look for 52
Price is no longer key 53
The Vanguard Group 54
Fidelity Investments 55
Charles Schwab 55
E*Trade 56
Other brokerage houses 56
Presenting the Suppliers 57
It's okay to mix and match with caution 57
Check your passport 58
BlackRock Financial Management iShares 58
Vanguard ETFs 59
State Street Global Adviser's SPDRs 60
Invesco 61
Charles Schwab 63
First Trust 63
Other suppliers 64
Familiarizing Yourself with the Indexers 64
S&P Dow Jones Indices 64
MSCI 65
FTSE/Russell 65
CRSP 65
Bloomberg 66
Meeting the Middlemen 66
NYSE Arca 67
NASDAQ 67
BATS 67
Meeting the* Wannabe Middlemen 67
Commissioned brokers 67
Separately managed accounts 68
Annuities and life insurance products 68
Funds of funds 68
Part 2: Building the Stock (Equity) Side of Your Portfolio 69
Chapter 4: Risk Control, Diversification, and Some Other Things You Need to Know 71
Risk Is Not Just a Board Game 72
The trade-off of all trade-offs (safety versus return) 72
So just how risky are ETFs? 73
Smart Risk, Foolish Risk 74
How Risk Is Measured 76 Standard deviation:...