Despite the incredible growth of exchange-traded funds (ETFs) and the fact they've been on the market for 15 years, some investors are still either unaware of the effectiveness of ETFs or unsure of how to use them in their investment endeavors.That's why respected ETF expert and journalist Lawrence Carrel has written ETFs for the Long Run.
Filled with in-depth insights and practical advice, this reliable resource puts ETFs in perspective and reveals how they can help you profit in both up and down markets. Page by page, Carrel takes you through the ins and outs of ETFs, including their history, the tax benefits and minimal charges associated with them, and the fundamental differences between ETFs and other types of investments. He also provides you with the resources and tools needed to trade ETFs and build your own ETF portfolio.
You may have heard about ETFs while researching other investments or speaking with an investment advisor. If you want to learn more about them, this book will provide you with a clear understanding of what ETFs are, how they work, and how they can be used to create a low-cost, liquid, and diversified portfolio.
"As the title of the book suggests, ETFs are going to be an increasingly important reality for a broad class of investors in coming years. This book offers the reader real understanding of this growing force in our economic lives." (Robert J. Shiller, Arthur M. Okun Professor of Economics at Yale University, Co-founder and Chief Economist at MacroMarkets LLC)
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Solid Book on ETF's
The performance was good. It is hard to perform these kind of books on dry financial topics. The narrator did a good job of keeping me interested.
This book is a good distillation of both the history of ETF's as an investing tool and the best ways to invest to invest in them. The book also covers ETF related financial instruments including ETV's and ETN's. It does a terrific job of elucidating the differences between these exchange traded vehicles and Mutual funds, and why ETF's for most people, most of the time are a better investment than Mutual funds. I enjoyed the history of the ETF industry, as it helped me understand the reasons the ETF's ended up structured as they are. If you are not into finance history, skip the history sections. The other parts of the book are worth it for most beginning investors, since ETF's are likely to be your best investment vehicle for reasons that become very clear in the book.