Book Description
All About Asset Allocation goes beyond sound-bite financial columns and TV programs to explain asset allocation in terms that anyone can under- stand. Using a concise style, it features straight- forward explanations of asset allocation, a review of the asset allocation process, and guidelines for implementing strategies and programs.
Customer Reviews:
This book.......2007-10-11
I would consider it a good book for someone who is fairly knowlegable about investments already. If you are a beginner, I think you will find this book a bit confusing. Best of luck.
Excellent Asset Allocation Information.......2007-09-16
I'd gotten past the whole "How much should I save? Reduce your debt, pay yourself first" personal finance books and really wanted to understand asset allocation beyond 80% stocks and 20% bonds. I lucked out finding this book, it was exactly what I wanted and more. It's unfortunate asset allocation books get short shrift in bookstores and even in general searches on Amazon for "personal finance." It's such a critical component of long-term investing, and it's the piece that most personal finance and/or retirement books gloss over.
Asset allocation is not just about stocks and bonds, but it's about asset classes, styles, foreign vs U.S. -- and this book includes some incredibly revealing information about how adding certain "riskier" investments actually REDUCES portfolio risk and increases returns. I've read a couple of the books this author recommended after his, but this was the perfect one to start with. I can't recommend it highly enough.
I wish people would stop pushing this..........2007-09-02
The first review for this book states -
"Gary Brinson's 1986 famous study can be defined as the birth of asset allocation. He found that over 90% of a portfolio's return can be determined by the asset classes used, not what the individual investments were. Brinson's findings have been relatively slow to flow through the investment community and to individual investors."
This is 100% absolutely WRONG!!!!! Brinson's study did NOT measure portfolio return performance! Whenever I see the Brinson study manipulated into schlock like this it raises the hair on the back of my neck.... Brinson's study measured the VARIABILITY of the "actual portfolio returns vs. the portfolio's benchmark index composition returns"... and it only dealt with large institutional portfolios... which means that the study is really about 95% irrelavant to most individual investors...
If you really want to read what the study actually said, and read about the critics of the study (there are many) - http://publish.uwo.ca/~jnuttall/asset.html
Portfolio performance attribution puts the asset allocation model as delivering between 40-65% of the portfolio's return - depending on whose model or study you use....
That means that 35% - 60% of your return is determined by timing and security selection - ACTIVE management!!!!
Anyone who tells you that the Brinson study determined the amount of performance dictated by the asset alocation policy never read the Brinson study!
Asset allocaton is about diversifying risks - not assets... That means you pay attention to return correlations.... and don't forget to differentiate between asset classes and "SUB" asset classes..... Small cap, mid cap, and large cap (and even breaking those into value and growth) are all SUB classes of ONE asset class - equities!
Good Overview.......2007-06-27
This is exactly what I was looking for. This book gives a brief description of the markets that is understandable for a beginner.
The kids are interested in learning about the market and this seems to be understandable introduction.
Well beyond the basics - excellent!.......2007-06-16
I have been reading many investment books over the last 6 months and this is one of the best along with the author's book on index funds. It is a little bit technical and has the feel of an economics book - perfect for me. I did not want a book on asset allocation that told me to buy a mix of stocks and bonds. I wanted to know why and what and the theory behind it. The author does not spell out a final answer for you (buy X% of this and X% of that) - You are educated in asset allocation and then you do your own work and decision making.
Book Description
All The Tools and Techniques You Need to Invest Successfully in High-Yield, Low-Risk Index Funds
The updated Second Edition of Richard Ferri's bestselling All About Index Funds offers individual investors an easy-to-use guide for capitalizing on one of today's hottest investing areas_index funds. This wealth-building resource provides essential information on index funds; expert advice on how to start investing; and winning strategies for high returns with low risk.
The Second Edition of All About Index Funds features:
- Updated tables, charts, and data on performance, fees, and new funds
- Step-by-step guidance on active indexing and discussion of its expanding role
- Coverage of all new U.S. equity indexes that have changed the dynamics of the index fund marketplace and a new chapter on commodities and commodity index funds
- Vanguard's revision of the indexes it uses for benchmarking
- Discussion of the increasing popularity of ETFs for effective asset allocation
Download Description
Index mutual funds routinely outperform 80 percent of managed funds, and more investors than ever are embracing index funds to eliminate the anxiety and expense of trying to "beat the market." All About Index Funds covers aspects including key benefits of index fund investing, how to create a custom index fund that suits specific investing needs, effective portfolio techniques and model portfolios, and more.
Customer Reviews:
Fantastic Coverage.......2007-08-13
Takes the individual investor through the gambit on index funds, with solid information that is genuinely useful, whether you're investing in an IRA or a cash account. Will also help you in selecting the appropriate investments for your 401K. As with all minimally speculative investing, returns grow over time. If you're interested in high return, overnight strategies, this is not for you. Conversely, if you wish to follow Warren Buffet's advice (he strongly feels index funds are an ideal investment - especially for the individual), you should read this. I strongly recommend this to anyone who has 10+ years of investing - whether in a retirement plan or a taxable plan.
The best book yet on index funds.......2007-03-21
After reading most of the available books on index funds, and many of them give both the reasoning for, and the advantages of, investing in such funds, I believe this latest one is the best of the bunch. It provides not only the various powerful arguments for such investing, but also suggests specific portfolios of index funds for different classes of investors.
Although each investor has his or her own individual situation, which must be carefully analyzed before any investment plan is generated or changed, Ferri's book is a good guide toward making the best choices.
After studying the various investment choices available to the individual investor, I have concluded that unless the investor has some really specific and unique knowledge of any particular company, or possiby industry, investing in individual stocks or bonds can be highly speculative. Investing in mutual funds provides some degree of diversification, but most managed (not index) funds show a long term return which is significantly less than that of index funds, and those few managed funds that have "beaten the average" in the past, generally do not continue to do so. Moreover, the 1% or more of expense ratio of managed funds takes a really big bite over time when the compounding interest effect is taken into account.
Good information........2007-03-09
Could use some editing, for example, the front cover talks about EFTs when obviously they mean ETFs.
The information contained inside is solid though.
Great Book on Index Funds .......2006-01-03
Although I have been investing in and studying index mutual funds since 1990, I still learned a few things in this book.
I enjoyed Ferri's method of determining his client's risk tolerance. He puts his clients through one of our most recent Bear Markets, 1973-1974, and sees if they can stand the losses to their portfolio with a starting asset allocation. If they can't stand the losses, he adjusts the asset allocation to a lower risk allocation until they can stomach the losses.
I also enjoyed his explanation of Modern Portfolio Theory. His hypothetical example shows that a portfolio made up of stocks and bonds actually has a slightly higher return and slightly lower risk than you would expect using simple math.
Ferris is also willing to go out on a limb and predict returns for various asset classes and inflation for the next 30 years. He seems to agree with Buffett that stocks will deliver a nominal return of 8% versus the 70 year average of 11%. Of course Buffett predicted stock returns in the 1980's would be in single digits and the S&P returned a compounded nominal of 18%.
Ferri does a great job of explaining why index funds outperform actively managed funds over long periods of time.
All in all, it is a very informative book.
I would suggest companion books to supplement this book including The Richest Man in Babylon, Bogle on Mutual Funds, The Millionaire Next Door, The 4 Pillars of Investing, A Random Walk Down Wall Street, Wealth of Experience: Real Investors on what Works and What Doesn't, Index Mutual Funds: How to Simplify Your Life and Beat the Pros, The Coffeehouse Investor, and the Armchair Millionaire.
An excellent book by a investing expert.......2005-11-20
Richard Ferri writes a great book on the use of index mutual funds. His advice for the investor is clear and concise. In the book he covers all of the important points that one needs to learn about building a portfolio of index mutual funds. You cannot go wrong following his advice.
Book Description
Everything an individual investor needs to know about bonds.
The average income investor doesn't want or need to get bogged down in technical discussions of interest rates and time. So All About Bonds and Bond Mutual Funds gives them what they wanta simple yet comprehensive treatment of bonds and bond funds. Along with updated bond information, this revised edition also includes new material on:
- Bond mutual funds
- Tax-free municipal bonds
- International bonds and bond funds
Download Description
All About Bonds and Bond Mutual Funds gives investors what they want--a simple yet comprehensive treatment of bonds and bond funds, including bond mutual funds, tax-free municipal bonds, international bonds, and bond funds.
Book Description
Everything the individual investor needs to know about stocks.
All About Stocks, Second Edition, covers stock market basics for newcomers and provides concise and understandable answers to today's most-asked stock market questions. Entirely rewritten from the first editionwith diagrams, charts, and tables added to increase its usefulnessthis second edition now includes information on:
- Using the Internet for both information and trading
- How mutual funds can ease stock market anxieties
- How to buy a stockand how to know when it's time to sell
Download Description
Everything an investor needs to know about stocks -- from trading on the Internet to exploring mutual funds to learning how to buy a stock--and knowing when it's time to sell.
Customer Reviews:
Great book for anyone interested in learning about stocks!.......2000-04-02
This is a great book with lots of helpful information about stocks and which stocks to invest in. I highly recomend this book to anyone who wants to invest in stocks.
Book Description
When Susie Vaccaro Hardeman tried to open a brokerage account in a young neighbor's name as thanks for a favor, she was shocked that brokerages, bookstores, and libraries couldn't deliver a single primer for young students or anyone of any age, for that matter, who is interested in learning stock market basics. And so she spent the next year researching, interviewing, and talking with hundreds of people, compiling the fundamentals needed in order to make a foray onto Wall Street. In this colorful and easy-to-use guide, you'll find answers to questions such as What is liquidity? What determines the price of a stock? What is a day trader, and are there night traders? plus many, many more. With friendly illustrations lighting your way, you'll soon be navigating the world of stocks, bonds, and mutual funds with confidence and ease.
Average customer rating:
- Not that bad...
- Big Disappointment
- Diversifing with Exchanged Traded Funds
- Title should be "A Little about ETF's"
|
All about Exchange Traded Funds
Jr., Archie Richards
Manufacturer: McGraw-Hill
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All About Index Funds (All About)
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Exchange Traded Funds: An Insider's Guide to Buying the Market
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The Exchange-Traded Funds Manual
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All About Options
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All About Asset Allocation
ASIN: 0071393021 |
Book Description
ALL ABOUT . . . SERIES
All About
EXCHANGE-TRADED FUNDS
Exchange-traded funds, priced like a stock and traded continuously throughout the day, are the hottest thing in investing today. All About Exchange-Traded Funds is one of the first introductory guides to provide investors with the nuts-and-bolts aspects of ETFs, from various types and basic trading rules to effective trading strategies for building core assets.
Download Description
All About Exchange-Traded Funds gives you the nuts-and-bolts information you need to understand ETFs. Spiders ... Diamonds ... QQQ ... With well over 200 ETFs to choose from, you can find one to track virtually any major index or industry and efficiently round out any portfolio. Look to All About Exchange-Traded Funds for detailed information on this exciting new investment class.
Customer Reviews:
Not that bad..........2006-07-29
Despite the previous reader reviews, I appreciated this book. It describes the ETFs as a tool to use and It explains why. The problem is, I think, that there isn't that much to say about ETFs to fill 280 pages (they are basically a simple idea), so the author has been "forced" to make a wide discourse about investment philosophy and asset allocation to write the book. Probably this approach disappointed the expert readers, who expected something more sophisticated, but it's coherent with the title: "the easy way to get started". Concluding: a good book for beginners, not a comprehensive reference text for sophisticated investors.
Big Disappointment.......2003-11-04
After reviewing the front and back covers, I purchased this book. The author has spent 26 years writing a newspaper column on the subjects of money and investments. The author is not bashful with his opinions. The book describes the only strategy to use in buying securities, was the buy and hold strategy. Holding securities for 25 years. He does not believe in day trading, advising the reader against doing so. The book does not believe in fundamental analysis, technical analysis, or chart reading. It says you can not predict future prices and should not rely on historical prices as a guide. The book spends too many chapters describing stocks, mutual funds, bonds and how to find a broker. This did not leave much room to talk about Exchange Traded Funds. Which was the title of the book. Only one and half chapters were devoted to the subject. The book had potential, but it was a big disappointment.
Diversifing with Exchanged Traded Funds.......2003-04-09
The inner workings of Exchanged-Traded Funds are well explained in Richard's book. Do-it-yourself investors would be wise to learn about ETFs, and then apply that knowledge to better diversify their holdings and save expenses. Richard's book offers the sophisticated and the novice a single-source reference that can make you money over the long run. Building a well-diversified portfolio and then managing it is difficult, but "All About Exchange-Traded Funds" provided me with the insights that only an experienced advisor, like Richards, can offer. If more people had understood the essential precepts found in this book, far less money would have been lost during the past few years. Read it and profit by it.
Title should be "A Little about ETF's".......2003-02-22
This book is more about Archie Richards' personal investment philosophy than it is about ETF's. I'm not sure who his target audience is, but I can assure you if you want to learn about ETF's, you are going to be spending about 75% of your time reading about Archie's personal opinions about the investment world and what is wrong with it. The other 25% covers what ETF's are and how they work. It may be good info. if you want to be the Cliff Claven of ETF's at your friendly neighborhood bar. But if you want to learn how to use ETF's as a viable investment, you would be better off going to the websites of the sponsors for these funds and read their free information. I can think of only one market that can benefit from this book - those of you who have never invested in your life, are VERY conservative and are prepared to buy and hold your investments for more than 20 years. For the rest of you, don't waste your time or money.
Average customer rating:
- One of the best
- The Lessons We Should Never Forget....
|
All About Mutual Funds
Bruce Jacobs
Manufacturer: McGraw-Hill Companies
ProductGroup: Book
Binding: Paperback
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Similar Items:
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All About Bonds and Bond Mutual Funds: The Easy Way to Get Started
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All About Stocks, 3E
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All About Index Funds (All About)
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Mutual Funds For Dummies (Mutual Funds for Dummies)
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All About Asset Allocation
ASIN: 007137678X |
Customer Reviews:
One of the best .......2005-07-24
This is a must read book for the new or old invester. I have read it 2 times and refer back to it when I want to know about a specific item that I can't remember.
The Lessons We Should Never Forget...........2001-11-29
Years of riding the market's hype-high has been replaced by this year's bitter withdrawl. How many thousands did I invest based on nothing more than a few articles written by "experts" and the all-knowing smiles of MSNBC's Squak Box? I wish I had read this book instead!
Its sane, responsible, and time-tested approach to investing is the backbone of any sound financial body. Although my need-it-now-nature wanted to skip the well-written introductory chapters and jump to the "real" secret of investing, I came to realize that there is no "secret." There is no magic bullet. So, I went back, and started the book from the beginning, reading each page, slowly filling in the rather large gaps in my investing knowledge.
In these unsettled times, this book feels like the calm voice of proven experience.
Average customer rating:
|
All About Bond Funds: A Complete Guide for Today's Investors
Werner Renberg
Manufacturer: John Wiley & Sons
ProductGroup: Book
Binding: Paperback
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ASIN: 0471311952 |
Book Description
An accessible guide to understanding the world of exchange-traded funds (ETFs)
Exchange-traded funds (ETFs) have been around for over a decade. Yet only recently are they gaining wide recognition among individual investors and investment advisors as a leading financial innovation. The ETF Book, written by veteran financial professional and author Richard Ferri, provides readers with everything they need to know to successfully navigate the growing number of ETFs available in the marketplace and select the right ones for their needs. This book is a detailed, yet clearly articulated guide that covers all aspects of the market from ETF basics and in-depth fund analysis to the tax benefits of using ETFs. Ferri also includes many portfolio management strategies using ETFs and offers model portfolios that readers can follow. Filled with in-depth insights on different types of ETFs and practical advice on how to trade them, this detailed guide takes investors through a step-by-step process of creating their very own successful ETF portfolio.
Richard A. Ferri, CFA (Troy, MI) is the founder and CEO of the investment firm Portfolio Solutions, LLC, which manages over $1 billion in separate accounts for high-net-worth individuals, families, nonprofit organizations, and corporate pension plans. He has written four previous books on low-cost investing.
Books:
- America's Financial Apocalypse: How to Profit from the Next Great Depression
- America's Financial Apocalypse: How to Profit from the Next Great Depression
- Analysis of Equity Investments: Valuation
- Balanced Scorecard
- Barbarians at the Gate: The Fall of RJR Nabisco
- Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant
- Cases and Materials on Torts (University Casebook Series) (University Casebook Series)
- Contrarian Investment Strategies in the Next Generation
- Cost Accounting: Foundations & Evolutions
- Cost Management: Accounting and Control
Books Index
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