Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today

Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today

by Larry E. Swedroe
     
 

ISBN-10: 0312339879

ISBN-13: 9780312339876

Pub. Date: 01/01/2005

Publisher: St. Martin's Press

Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the S&P 500 instead of through the active buying and selling of stocks.

A revised and updated edition of an investment classic, The Only Guide

Overview

Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the S&P 500 instead of through the active buying and selling of stocks.

A revised and updated edition of an investment classic, The Only Guide to a Winning Investment Strategy You'll Ever Need remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more.

In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about:

- The efficiency of markets today

- The five factors that determine expected returns of a balanced equity and fixed income portfolio

- Important facts about volatility, return, and risk

- Six steps to building a diversified portfolio using Modern Portfolio Theory

- Implementing the winning strategy

- and more.

Product Details

ISBN-13:
9780312339876
Publisher:
St. Martin's Press
Publication date:
01/01/2005
Edition description:
Revised and Updated
Pages:
352
Product dimensions:
6.52(w) x 9.34(h) x 1.25(d)

Related Subjects

Table of Contents

Contents

Preface,
Introduction,
Part One: The Loser's Game: The Game Wall Street Wants and Needs You to Play,
Chapter 1. Why Individual Investors Play the Loser's Game,
Chapter 2. Active Portfolio Management Is a Loser's Game,
Part Two: Efficient Markets and Modern Portfolio Theory 55,
Chapter 3. Efficient Markets I — Information and Costs,
Chapter 4. Efficient Markets II — Risk,
Chapter 5. The Five-Factor Model,
Chapter 6. Volatility, Return, and Risk,
Part Three: Play the Winner's Game: Make Modern Portfolio Theory Work for You,
Chapter 7. Six Steps to a Diversified Portfolio — Using Modern Portfolio Theory 149,
Chapter 8. How to Build a Model Portfolio,
Chapter 9: Index Funds, Passive Asset Class Funds, and ETFs 184,
Chapter 10. The Care and Maintenance of the Portfolio,
Chapter 11. Implementing the Winning Strategy,
Chapter 12. Summary,
Appendices,
Appendix A: How to Analyze the Hold or Sell Decision — Trapped by a Low Tax Basis?,
Appendix B: Monte Carlo Simulations,
Appendix C: Even with a Clear Crystal Ball,
Appendix D: The IPO Myth,
Appendix E: News Flash: Top Performance Is a Poor Indicator of Future Performance,
Appendix F: What If Everyone Indexed?,
Appendix G: Investment Implications of the Tax Act of 2003,
Appendix H: Commodities: A Diversification and Hedging Tool,
Appendix I: Recommended Investment Vehicles and Sample Portfolios,
Notes,
Glossary,
Recommended Reading,
Acknowledgments,
Index,

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