Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term

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Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term (eBook) Pub. Date: 9/29/2011 Publisher: Pearson Education
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Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term Pub. Date: 10/13/2011 Publisher: FT Press

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Overview

Grow Your Assets and Reduce Your Risks the Way Top Money Managers Do
“This book is an absolute must read for investors in today’s markets. Wayne and Jay provide a clearcut set of rules for investing that reduce portfolio volatility and provide the formula for superior long-term performance. Don’t just buy and hold—Buy and Hedge!”
—Joe Moglia, Chairman and former CEO, TD Ameritrade

“‘Buy and hold’: How many times have you heard that phrase? If the last ten years have taught us anything it’s that ‘buy and hold’ has become as obsolete as a VCR. In Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term, Jay Pestrichelli and Wayne Ferbert have provided the average investor with a road map for success in today’s turbulent markets. Over the years I have learned that there are no magic bullets for investing, but this book highlights common sense and winning strategies that will protect and grow your hard earned cash.”
—Guy Adami, CNBC’s Fast Money

“In the current financial climate, truth and trust are the most valuable commodities, and risk management trumps reward chasing. This book and the authors hit on all cylinders.”

—Todd Harrison, Founder and CEO, Minyanville Media

“If you are a beginner, [this book] will introduce you to concepts you may have never even considered in a straightforward, easy to understand manner. And if you have been investing for yourself for years, you will still find the discussion of risk and the advanced tactics enlightening. Buy and Hedge is a great resource that you will consult time and again as you master each tactic.”
—Pete Ricketts, TD Ameritrade Board member, Chicago Cubs Board member, and former COO, Ameritrade

“Buy and Hedge provides individual investors an alternative method to manage risk in their portfolios. This book comes at a critical time as markets have become more volatile and more individuals are managing their own money.”
—Christopher Larkin, Senior Vice President, ETRADE Securities

Product Details

ISBN-13: 9780132825245
Publisher: FT Press
Publication date: 10/13/2011
Edition number: 1
Pages: 304
Sales rank: 136,583
Series: Minyanville Media Series
Product dimensions: 9.40 (w) x 6.32 (h) x 0.88 (d)

Meet the Author

Wayne Ferbert is a cofounder and principal of ZEGA Financial, LLC, a Registered Investment Advisor. He has spent his entire 17-year career in financial services, with 10 of them in the online brokerage segment with TD Ameritrade. In addition to managing business development as a member of the Senior Operating Committee at Ameritrade, which included M&A and market research, he ran product development. Prior to Ameritrade, he worked in planning and analysis roles at a Fortune 500 insurance firm and then a Fortune 500 bank. Wayne has an MBA in finance from Loyola University (Maryland) and a BSBA in finance from Bucknell University. He has his series 65 license. He resides in Ellicott City, Maryland, with his family. He has three daughters, ages 6, 8, and 9, and coaches their soccer team.

Jay Pestrichelli is a cofounder and principal of ZEGA Financial, LLC, a Registered Investment Advisor. He has 20 years of experience in business management, with 12 years in the online brokerage field with TD Ameritrade and Datek On-Line. As manager of the Active Trading business, he helped drive it to become number one in trade volume of U.S. brokers. During that time he was a regular contributor as a subject matter expert on CNBC’s Fast Money , provided video interviews for CNN, and has been regularly quoted in publications such as The Wall Street Journall and SmartMoney. Licenses include series 7, 63, 65, 24, 4, and 3. Jay resides in Omaha, Nebraska, with his wife, Lynn, and 6-year-old son, Zander.

Introduction 1
Part I: Introduction to Hedging and the Markets 7
Chapter 1: Life Is a Series of Risk-and-Return Decisions–and So Is Investing 9
Chapter 2: Emotion Is Your Enemy, So Bid It Goodbye 15
Chapter 3: Don’t Forget Why You Invest 21
Chapter 4: The Investment Game Isn’t Rigged, But... 27
Part II: The Immutable Laws of Investing 33
Chapter 5: Capital Lost Is Capital That Cannot Grow 35
Chapter 6: Risk Is What You Buy; Return Is What You Hope For 41
Chapter 7: Emotion Is the Enemy 45
Chapter 8: Volatility Is Kryptonite 53
Chapter 9: The Taxman Cometh 61
Part III: The Five Iron Rules of Buy and Hedge 65
Chapter 10: Hedge Every Investment 67
Chapter 11: Know Your Risk Metrics 75
Chapter 12: Constructing a Long-Term, Diversified Portfolio 91
Chapter 13: Unleash Your Inner Guru 103
Chapter 14: Harvest Your Gains and Losses 109
Part IV: The How-To and Basic Tactics of Hedging 119
Chapter 15: Hedging with Options 121
Chapter 16: What Is an Option? 125
Chapter 17: Option Positions 133
Chapter 18: Understanding and Using Options 141
Chapter 19: Risk Graphs: A Picture Is Worth a Chapter 20: Married Puts 165
Chapter 21: Collars 179
Chapter 22: Stock Replacement Tactic That’s Easy on Your Cash 193
Chapter 23: ETFs Will Look Great in Your Portfolio 205
Chapter 24: Portfolio Puts 221
Part V: Advanced Tactics 227
Chapter 25: Vertical Spreads 229
Chapter 26: Diagonal Spreads 249
Chapter 27: Managing the Cash in Your Portfolio 259
Chapter 28: Managing for Tax Efficiency 269
Chapter 29: Conclusion: Putting It All Together 277

Customer Reviews

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twiceagain

Posted December 16, 2011

Useful Discussion of Hedging Techniques for the Individual Investor

Good review of the what, why and how of hedging using puts & calls of individual stocks &/or ETFs. Introduced me to the concept of how to use ETFs & Indexes as "portfolio" hedges. Sometimes - apparently in the interest of driving certain points home - there's a little too much repetition. Overall, the investment strategies/rules advocated in this book are sensible and sound, designed to help individual investors weather the current climate of market volatility.

2 out of 2 people found this review helpful.
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Anonymous

Posted April 29, 2012

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