Description
This addition to the popular For Dummies series helps investment novices diversify financial portfolios through exchange-traded funds. Wild, a successful financial planner and investment advisor, explains in very simple terms how to build your wealth through ETFs, emphasizing the lower tax burden and maintenance costs of these investments. Long-term investment performance is the goal of this book, which offers step-by-step guidance on how to invest in the right stocks, bonds, REITs and commodities. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
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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 portfolioHandle risk control, diversification, and modern portfolio theoryManage small, large, sector, and international investmentsAdd bonds, REITs, and other ETFsInvest smartly in precious metalsWork non-ETFs into your investment mixRevamp your portfolio to fit life changesFund your retirement yearsIn 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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