Exchange-Traded Funds for Dummies - 3rd Edition by Russell Wild (Paperback)

About the Book

Book Synopsis

Want to expand your portfolio beyond stocks and mutual funds? (Of course you do, you smart investor you.) Then take a look at exchange-traded funds (ETFs)! A cross between an index fund and a stock, they're transparent, easy to trade, and tax-efficient. They're also enticing because they consist of a bundle of assets (such as an index, sector, or commodity), so diversifying your portfolio is easy. You might have even seen them offered in your 401(k) or 529 college plan.

Exchange-Traded Funds For Dummies is your primer on ETFs. It gives you an insider (the legal kind!) perspective on the investment process, starting with an overview of ETFs and how they differ from stocks and mutual funds. The book also helps you measure risk and add on to your portfolio, and offers advice on how to avoid the mistakes even professionals sometimes make. Throughout, you'll also find plenty of tips, tricks, and even sample portfolios to set you up on the right path for investment success.

With Exchange-Traded Funds For Dummies, you will:

• Find out exactly what exchange-traded funds are and why they make good investments
• Mix and match stock portfolios to diversify yours
• Go beyond stocks for maximum diversification: bonds, real estate, and commodity ETFs
• Maintain your portfolio for future growth

With the tricks of the trade in Exchange-Traded Funds For Dummies, you can easily apply the knowledge you gain to turn good investments into great ones. Happy earning!

From the Back Cover

Putting the fun in funds

With ETFs, you can expand your investing horizons in a truly mind-boggling number of ways--but why let your mind boggle when you could learn about it the easy way? Exchange-Traded Funds For Dummies breaks down the ETF basics (what are they, anyway?) and then helps you map out all your portfolio possibilities. Bullish on tech stocks? Want to make sure your portfolio keeps up with inflation? Looking for an easy way to build a safe bond portfolio? It's all available within the ETF world, and Dummies shows you how to get started.

Inside...

• Differentiate between ETFs, mutual funds, and individual securities
• Research ETFs and find funds that fit in your portfolio
• Manage your risk, control costs, and diversify
• Explore specialized funds like commodities and REITs

About the Author

Russell Wild, MBA, is the author or coauthor of nearly two dozen books, including Index Investing For Dummies and Bond Investing For Dummies. He has a master's degree in business administration and a graduate certificate in personal financial planning. Wild is also an associate of NAPFA.