The power of passive investing : more wealth with less work /
Ferri, Richard A.
Hoboken, N.J. : Wiley,
c2011.
"Time and time again, individual investors discover - all too late - that picking stocks is a loser's game. The alternative lies with index funds. Index funds allows investors to invest more cheaply while prospering all the more because the money saved on investment expenses stays in one's own pocket. Because index funds are diversified, investors who use them suffer less than investors who concentrate their portfolios in single asset classes, or in only a few stocks. It's Wall Street's little mentioned secret that index funds always seemed to outperform most active investment managers over the long run-by a wide margin. Ferri shows investors how easy and fun index investing is, and how successful one can be as an investor, by using simply using cost-effective index funds to allocate to stocks, bonds, and other prudent asset classes"--Provided by publisher.
Includes bibliographical references and index.
"Time and time again, individual investors discover - all too late - that picking stocks is a loser's game. The alternative lies with index funds. Index funds allows investors to invest more cheaply while prospering all the more because the money saved on investment expenses stays in one's own pocket. Because index funds are diversified, investors who use them suffer less than investors who concentrate their portfolios in single asset classes, or in only a few stocks. It's Wall Street's little mentioned secret that index funds always seemed to outperform most active investment managers over the long run-by a wide margin. Ferri shows investors how easy and fun index investing is, and how successful one can be as an investor, by using simply using cost-effective index funds to allocate to stocks, bonds, and other prudent asset classes"--Provided by publisher.
Part I. The active verses passive debate -- Framing the debate -- Early performance studies -- The birth of index funds -- Advances in fund analysis -- Passive choices expand -- Portfolios of mutual funds -- Part II. Chasing alpha and changing behavior -- The futility of seeking alpha -- Active and passive asset allocation -- Changing investor behavior -- Part III. The case for passive investing -- The passive management process -- The passive case for individual investors -- The passive case for charities and personal trusts -- The passive case for pension funds -- The passive Case for advisors.
Index mutual funds.
Investments.