by Russell Wild
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Product Description
It seems like every week Wall Street comes up with some new, exotic investment idea that puts your money at risk. Thankfully, exchange-traded funds (ETFs) are less volatile than individual stocks, cheaper than most mutual funds, and subject to minimal taxation. But how do you use this wonderful product to diversify your investments in today’s fast-growing and ever-changing market? Exchange-Traded Funds For Dummies shows you in plain English how to weigh your options and pick the exchange-traded fund that’s right for you. It tells you everything you need to know about building a lean, mean portfolio and optimizing your profits. This hands-on guide will give you the power to use ETFs to: - Create the stock (equity) side of your portfolio
- Handle risk control, diversification, and modern portfolio theory
- Manage small, large, sector, and international investments
- Add bonds, REITs, and other ETFs
- Invest smartly in precious metals
- Work non-ETFs into your investment mix
- Revamp your portfolio to fit life changes
- Fund your retirement years
In addition, this book covers commonly asked questions about ETFs and mistakes that many investors, even the experienced ones, make. It provides forecasts of the future for ETFs and personal spending and also provides a complete list of ETFs and Web resources to assist your investment. With Exchange-Traded Funds For Dummies, you’ll soon discover what makes ETFs the hottest investment on the market!
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Average Customer Review:
1 of 1 people found the following review helpful:
 Solid Read, 2008-02-05
PROS
- enjoyable writing style, easy read.
- author's knowledge.
- author provides specific reviews of many ETFs.
- much additional information on financial management, beyond ETFs.
CONS
- the author carefully builds a solid case for buying ETFs, but does not adequately address why someone would buy an EFT over a low cost index fund held in a retirement account.
- for some readers (like me), there needs to be more technical discussion of how ETFs are structured and how they operate, as opposed to describing ETFs merely by their benefits and roles in a portfolio.
- the author's case for ETFs does not address one serious drawback of ETFs: difficulty of conducting automatic dollar cost averaging (DCA); of course, this is possible to do transaction-fee-free (or nearly so) at some brokerages, but ETFs require trading commissions and you have to conduct DCA yourself, as brokerage typically will not buy stocks (or ETFs) on an automatic schedule.
1 of 1 people found the following review helpful:
 Beautifully understandable introduction to ETFs, 2008-01-13
I've been in the ETF 'game' for awhile now and have read quite a number of books on investings, ETFs, finance, and the whole lot. As always, the Dummy series does an excellent job in explaining what might be complicated for some folks in an understandable and fun way. The author does a superb job with cutting through the bull of the bear n' bull pundits and giving you very real and very good advice. This should be your first book to read if you are considering ETFs - then you can take on more detailed and convoluted volumes. Good job!
1 of 2 people found the following review helpful:
etf for dummies, 2007-12-21
excellent book for people who know less than nothing about exchange traded funds. I found it very helpful with one or two areas not covered by this book. It does give you the basics to understand books that a weightier on the subject.
2 of 2 people found the following review helpful:
Really excellent, 2007-07-10
I started knowing nothing, and finished being very sure of how to select - and why to purchase specific ETFs. I've not found a better introductory book on the subject (and I hope Vanguard are paying the author a good sum for plenty of free advertising!)
11 of 11 people found the following review helpful:
Excellent intermediate level read, 2007-04-06
Mr. Wild is an entertaining writer, who breaks down what is appropriate for small, medium and wealth investors. My only wish is his chapter on sample portfolios were more detailed. I would have liked to see sample portfolios optimized for cost, risk tolerance, equity only and for those nearing and in retirement. Vanguard should consider giving away this book out to anyone opening an account with them, given how much he repeatedly triumphs Vanguard's nearly universal low fees!
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