Friday, February 17, 2006
All About Exchange-Traded Funds (2003)
Author: Archie Richards Jr.
Publisher: McGraw-Hill
Credentials: 26 years writing a newspaper column on the subjects of money and investments. Has experience working as a broker as well. Researched the book by calling brokerages for information.
Table of Contents:
1. What are ETFs?
2. Spreading Risks
3. Mutual Funds
4. The Basics of Exchange-Traded Funds
5. Keeping ETFs on the Straight and Narrow
6. The Costs of Exchange-Traded Funds
7. Balancing Short-Term and Long-Term Goals
8. Setting up a Brokerage Account to Buy ETFs
9. Investment Approaches to Avoid
10. The Ins and Outs of Day Trading ETFs
11. The Best Way to Go About It – Asset Allocation
Comments:
I managed to find this book from the National Library after searching through the catalogue. The title of this book sounds quite promising – all about exchange-traded funds (ETFs) would be expounded in this book.
To his credit, Archie did talk about the merits of ETFs, as well as why ETFs are better than mutual funds or company stocks. He talks about the principle of diversification, goes through the way ETFs work, and includes a comprehensive annex of ETFs existing in USA and some other countries. The amount of information on ETFs traded in different exchanges is incredible, thanks to the amount of research and calls Archie makes to brokerages for this book.
However the book dwells a lot on some of the investment approaches he is not in favour of. For example, he advises against short-selling, explaining how it works and why investors should not go on margin to do short-selling. How is this relevant to ETFs?
Would recommend you browse through the book if you can find it in a local library, rather than to buy a copy to keep for yourself. ¶ 11:45 am
Author: Archie Richards Jr.
Publisher: McGraw-Hill
Credentials: 26 years writing a newspaper column on the subjects of money and investments. Has experience working as a broker as well. Researched the book by calling brokerages for information.
Table of Contents:
1. What are ETFs?
2. Spreading Risks
3. Mutual Funds
4. The Basics of Exchange-Traded Funds
5. Keeping ETFs on the Straight and Narrow
6. The Costs of Exchange-Traded Funds
7. Balancing Short-Term and Long-Term Goals
8. Setting up a Brokerage Account to Buy ETFs
9. Investment Approaches to Avoid
10. The Ins and Outs of Day Trading ETFs
11. The Best Way to Go About It – Asset Allocation
Comments:
I managed to find this book from the National Library after searching through the catalogue. The title of this book sounds quite promising – all about exchange-traded funds (ETFs) would be expounded in this book.
To his credit, Archie did talk about the merits of ETFs, as well as why ETFs are better than mutual funds or company stocks. He talks about the principle of diversification, goes through the way ETFs work, and includes a comprehensive annex of ETFs existing in USA and some other countries. The amount of information on ETFs traded in different exchanges is incredible, thanks to the amount of research and calls Archie makes to brokerages for this book.
However the book dwells a lot on some of the investment approaches he is not in favour of. For example, he advises against short-selling, explaining how it works and why investors should not go on margin to do short-selling. How is this relevant to ETFs?
Would recommend you browse through the book if you can find it in a local library, rather than to buy a copy to keep for yourself. ¶ 11:45 am
