iMoney Profitable ETF Strategies for Every Investor

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-06-08
  • Publisher: FT Press

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The Up-to-the-Minute Guide to ETF Investing: Pick the Right ETFs for Your Unique Goals! "The authors cover the ETF waterfront. Whether you are a young investor just starting out or a seasoned stock veteran looking for new investment opportunities, this book is a valuable resource." Sam Stovall, Chief Investment Strategist, Standard & Poorrs"s Equity Research "Finally! Lydon and Wasik objectively analyze exchange traded funds for the average person. We particularly likediMoney's comparisons with more familiar mutual funds, the clear discussions about risks, and the varying viewpoints from some of the industry's smartest minds." Alan Lavine and Gail Liberman, syndicated columnists for Marketwatch.com andauthors ofQuick Steps to Financial Stability. Smart investors have made ETFs todayrs"s hottest investment.iMoneyis the only ETF investment guide with up-to-the-minute advice that reflectstodayrs"sETF marketplace: advice that is fully customized toyourspecific investment goals. The authors explain exactly how ETFs fit into todayrs"s investment universe. Even better, they present specific roadmaps, strategies, and model portfolios for a wide range of investors, from recent college graduates through retirees. Yours"ll learn how to build and monitor your ETF portfolio; choose among the fast-growing array of ETFs; and profit from changing global market trends. The authors discuss domestic and foreign stock ETFs; sector, commodity, and currency ETFs; fixed income ETFs, long/short ETFs, and even "actively managed" ETFs. They preview emerging industry trends, and objectively assess the key criticisms that have recently been leveled at ETFs. Tomorrowrs"sETF book, not yesterdayrs"s! Reflects the newest ETFs and strategies, and prepares you for emerging market trends By two of the worldrs"s leading ETF experts... ...Tom Lydon, founder of ETFTrends.com, the nationrs"s #1 consumer ETF site, and John F. Wasik, global personal finance columnist Provides specific strategies and portfolio recommendations Not just theory! Discover what to buy, based on your unique investment profile Covers every major type of ETF... ...including overseas, sector, commodity, currency, and bond ETFs...even long/short ETF strategies!

Author Biography

Tom Lydon is the editor of ETFTrends.com and the president of Global Trends Investments. He has been involved in money management for more than 20 years. He began his career with Fidelity Investments’ Institutional Division. He now regularly appears on CNBC’s “ETF Tracker,” a daily segment focusing on ETFs. His popular seminar, “How to Manage a Million-Dollar Portfolio,” has been attended by thousands of investors around the country. Mr. Lydon holds a bachelor of science in management from Babson College in Wellesley, Massachusetts.


John F. Wasik is the award-winning personal finance columnist for Bloomberg News, the world's third-largest news service. His columns are seen by readers on five continents and posted on www.bloomberg.com. As the author of ten books, including the highly praised Merchant of Power and The Bear-Proof Investor, he has spoken from coast to coast. He earned his bachelor and master of arts degrees from the University of Illinois-Chicago and resides in Grayslake, Illinois, with his wife and two children. Visit him online at www.johnwasik.com.


Table of Contents

About the Authorsp. xiii
Prefacep. xv
Introduction: A New Investment Strategyp. xix
Investors Want Morep. xx
Enter the ETF, the Younger, Sleeker Cousin of the Mutual Fundp. xxii
Profit with Prudence, Avoid the Hypep. xxiv
How to Use This Bookp. xxv
Busted: The Failure of Mutual Funds and Birth of ETFsp. 1
Brain Freeze: We Listen to Bad Vibesp. 4
A Brief History of Mutual Fund Follyp. 5
Bubble Mania: Falling to Earth Againp. 6
After the Bubble Burst: Salt in the Woundsp. 8
Bad Performance: The Final Strawp. 9
Index Investing Writ Large: How ETFs Can Be Employedp. 11
The Art of Indexing Using the iMoney Planp. 15
The Granddaddy Dow: A Brief History of Indexingp. 17
Enter the S&P 500p. 21
The Stock Index Universep. 22
Not All Index Funds Are the Samep. 23
The Closet Index Perilp. 24
What Difference Does It Make?p. 25
Index Typesp. 25
The Old Guard Shouts Backp. 27
Equal vs. Fundamental Weighting: The Battle Continuesp. 29
P/E and PEG and Your ABCsp. 30
Investing in Domestic Shares: U.S. Stock Index ETFsp. 35
Big Caps: The Blue Whales of the Stock Market Oceanp. 36
The Middle Path: Mid-Cap Companies Show Promisep. 38
Small-Caps: The Little Guys Grow Fastp. 40
The Smallest of the Small: Micro/Minisp. 41
Growth vs. Value: The Age-Old Questionp. 43
Overseas Exposure: Foreign Stock ETFsp. 49
It's a Small World After Allp. 51
Emerging Markets Provide Growthp. 52
Foreign ETF Expenses Are Lowp. 53
Adding More Growth to Your Portfoliop. 54
The Chinese Dragonp. 55
Watch the Indexp. 57
Up-and-Comersp. 58
Slicing and Dicing: Sector ETFsp. 61
Picking a Winner and Scratching Your Head?p. 62
A Growing Segmentp. 64
Buying Commercial Real Estate: REIT ETFsp. 65
Who's Winning the Popularity Contest?p. 66
Not Diversified Enough to Be Single Holdingsp. 67
Taking a Thin Sector Slice: The Downsidep. 68
Gold, Silver, and Oil: Commodity ETFsp. 73
Hedging Inflation: Still a Concernp. 75
The Wayback Machine: A History of Commoditiesp. 77
How Futures Workp. 78
Down on the Farm: Food-Based Commoditiesp. 79
Knowing the Risksp. 82
How Commodity ETFs Workp. 82
Tax Treatment Different for Commodity ETFsp. 84
The Golden Ticket: Precious Metals ETFsp. 85
A Buck Isn't Worth a Dollar: Currency ETFsp. 87
A Brief History of Currency ETFsp. 89
Back to Basicsp. 89
Making It Personalp. 90
How Currencies Are Valuedp. 92
Turn Dollars into Lemonadep. 93
Getting Chunks of the Bond Market: Fixed-Income ETFsp. 97
Slow to Take Offp. 98
Why Bonds?p. 100
Municipal Bondsp. 100
Federal Government Bondsp. 102
Corporate Bondsp. 103
Putting It All Togetherp. 106
Exchange Traded Notesp. 107
Retire with Dignity: The 401(e) Planp. 109
A Reality Checkp. 110
Boomers May Go Bustp. 112
Black Box Retirement Plans: Costs Are Not Transparentp. 113
The Next Step: The 401(e)p. 114
ETFs Offer New Alternatives to Investingp. 115
401(e) Providers Use New Technologyp. 116
Not for Everyonep. 118
ETFs with an Expiration Datep. 119
ETFs in Your IRA Accountsp. 120
And We Come Full Circlep. 121
Hedging Your Bets: Long and Short ETFsp. 125
The Hedging Strategyp. 126
Short Selling's Dark Historyp. 128
Short Selling Beyond Stocksp. 128
Selling Short with ETFsp. 129
Trading Strategiesp. 131
How Margin Accounts Work: Some Pitfallsp. 131
What Lies Ahead: The Future of ETFsp. 135
Enter the Actively Managed ETFp. 136
But What About Costs and Transparency?p. 138
What's in Store?p. 138
Active Management vs. Mutual Fundsp. 140
ETF of ETFs: The Latest Packagep. 141
The Evolution Continuesp. 142
The "Height of Esoterica"?p. 143
iMoney ETF Portfoliosp. 145
The Rules Everyone Should Followp. 146
Do You Track Trends?p. 148
Going Your Own Way: Using the 200-Day Moving Averagep. 152
Spread It Around: Asset Allocationp. 152
Don't Want to Do It Yourself? Find a Fiduciaryp. 154
Finding a Model Portfolio for Youp. 156
Model Portfoliosp. 157
Too Much of a Good Thingp. 162
Referencesp. 165
Resourcesp. 183
Glossaryp. 211
Indexp. 219
Table of Contents provided by Ingram. All Rights Reserved.


Preface Praise Quotes for iMoney"The authors cover the ETF waterfront. Whether you are a young investor just starting out or a seasoned stock veteran looking for new investment opportunities, this book is a valuable resource." --Sam Stovall, Chief Investment Strategist, Standard & Poor's Equity Research"Finally! Lydon and Wasik objectively analyze exchange-traded funds for the average person. We particularly liked iMoney's comparisons with more familiar mutual funds, the clear discussions about risks, and the varying viewpoints from some of the industry's smartest minds." --Alan Lavine and Gail Liberman, syndicated columnists for Marketwatch.com and authors of Quick Steps to Financial Stability Preface ETFs for EveryoneTime and research have demonstrated that individual investors like you want to be empowered--and to get there, you are seeking new information, new products, and more powerful tools to aid in your quest. You want control over your portfolio, and you want to know what's actually in it. Thanks to great advances in technology and the increasing globalization of the world economy, today it's easier than ever for you to take investments into your own hands.Maybe you already know about exchange traded funds (ETFs), but you'd like to know more. Or you know a lot about them, but you haven't quite figured out how to incorporate them into your portfolio. With hundreds of ETFs dotting the financial landscape, becoming ever more specialized and covering some creatively constructed indexes, trying to figure out how they work and how to use them to your best advantage can be a daunting task.We've taken the time to speak with and e-mail individual investors just like you. We've actively solicited your comments and input on our blog, ETFTrends.com, every step of the way. We asked: How did you discover ETFs? What have your experiences been so far? And how do you use them to your advantage? Your answers helped shape the direction of this book. We also sought expert advice and opinions about ETFs--where they've been and where they're going. We've done extensive research, in an attempt to make this book the one-stop-shop for ETF information. And we hope it will be light and entertaining as well.ETFs came into existence in the early 1990s, but they didn't really take off until a series of scandals rocked the mutual fund industry. Today they're a formidable challenger to the mutual fund throne. To understand ETFs fully is to know where they came from and how they--and the underlying indexes they track--are created. This is why we've broken it down for you and given you a brief history before we dive in and discuss the nuts and bolts of the industry. We also have special chapters devoted to both buy-and-hold and trading strategies.It's now more important than ever to ensure that you have a handle on your retirement savings. With lavish pension plans quickly becoming extinct, people can no longer just assume that the government will carry them through. How dire is the situation? During World War II, there were 42 workers paying into Social Security for each person receiving benefits. By 2030, projections are that only two working people will be contributing for each person receiving benefits--and most baby boomers will be retired by then. Ouch. But all is not lost if you firmly resolve to look out for yourself and your money.Our goal in writing this book is to give you confidence to make wise, educated, and informed choices about the investments you make when it comes to ETFs. We want you to have a solid grasp of how ETFs work. You will be able to put together a

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