Index Funds
The 12-step Program for Active Investors
Hebner, Mark T.
Hardcover
$12.97 + $1.99 USPS S/H
$0.65 of your order (5%) will be donated to the school of your choice.
BOOK SUMMARY
The financial services industry has a dark secret, one that costs global investors about $2.5 trillion per year. This secret quietly drains the investment portfolios and retirement accounts of almost every investor. In 1900, French mathematician, Louis Ba
BOOK SYNOPSIS
The financial services industry has a dark secret, one that costs global investors about $2.5 trillion per year (about 10% of the $25 trillion global equity market.) This secret quietly drains the investment portfolios and retirement accounts of almost every investor. In 1900, French mathematician, Louis Bachelier, unsuspectingly revealed this disturbing fact to the world. Since then, hundreds of academic studies have supported Bachelier's findings. Unfortunately, investors pay little attention to academics and Nobel laureates. The dark secret is that managers don't beat markets. The fact is, markets outperform managers by a substantial margin over long periods of time. This book offers overwhelming proof of this, and shows investors how to obtain their optimal rate of return by matching their risk capacity to an appropriate risk exposure. A globally diversified portfolio of index funds is the optimal way to accomplish this. Index Funds: The 12-Step Program for Active Investors is the treatment of choice for wayward investors. Most investors continue to embrace an active investing strategy, despite the extensive academic research demonstrating its futility. Speculating on the next winning stock, fund manager, investment style or market timing are all akin to gambling. Below market returns in investment portfolios and pension accounts are the result of investors gambling with their hard earned money. This 12-Step Program will put active investors on the road to recovery. Each step is designed to bring investors closer to embracing a prudent and sound strategy of buying, holding, and rebalancing an index portfolio.
AUTHOR BIO
Mark T. Hebner is the president of Index Funds Advisors in Irvine, California. His flagship Web site, ifa.com, is considered the leading Internet source of information on index funds. He led a team of over 60 writers, artists, graphic designers, mathematicians, statisticians, and researchers to build the Internet's most comprehensive Web site on index funds. Hebner has been founder, president, and CEO of three companies, one of which became a publicly held corporation. Since discovering the index funds philosophy, he has worked tirelessly to educate the investing public on the advantages of investing in index funds.
Submit a book reviewFOR RELATED BOOKS
Business & Economics Books :: Investments & Securities Books
MORE BOOK INFO
ISBN: 0976802309
ISBN(13-digit): 9780976802303
Dewey Decimal: 332
Book Publisher: Atlasbooks Dist Serv
Language: ENG
No. of Pages: 392
Paper Weight (lb): 4.31 lb
If you like this book, you may also enjoy:
 | |
 | |
 | |
| Learn to Earn | |
Market Neutral Investing | |
Market Wizards | |
| Lynch, Peter/ Rothchild, John | |
Nicholas, Joseph G. | |
Schwager, Jack D. (EDT) | |
