Index Funds: The 12-Step Program for Active Investors
Product Description
Index Funds: The 12-Step Program for Active Investors is the treatment of choice for wayward investors. John Bogle called Hebner s book “incredibly handsome and wise,” while Burton Malkiel stated that “Hebner gives good advice presented in a very appealing manner.” Nobel Laureate Paul Samuelson calls it “a valuable reference,” and Anders Oldenger of Seligson & Company nominated it as one of the three “All-time Greatest Investment Books,” along with the writings of John Bogle and Warren Buffett.
Hebner s book addresses why an overwhelming majority of investors continue to embrace an active investing strategy, despite the extensive academic research demonstrating its ineffectiveness to beat a market index and the overall futility of such a strategy. Speculating on the next winning stock, fund manager, investment style or market timing are all akin to gambling. Below market returns in investment portfolios and pension accounts are the result of investors gambling with their hard earned money. This 12-Step Program will put active investors on the road to recovery. Each step is designed to bring investors closer to embracing a prudent and sound strategy of buying, holding, and rebalancing a risk-calibrated portfolio of passively managed, globally diverse index funds.
Index Funds: The 12-Step Program for Active Investors
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Comments on Index Funds: The 12-Step Program for Active Investors
book is just a brochure for advertising a franchise of financial advisers and brokers
Rating: 1 / 5
Great pictures, great insight into index funds, unfortunately book is a guise to lure you to the author’s practice.
Rating: 3 / 5
Save your money – you’ll need it to invest through these folks. Your ROI will be better served by visiting the IFA web site if you’re interested in this advisor – what’s in the book is pretty much the same information, just not the high gloss stuff. Index funds are a great thing – and though the DFA funds which make up the IFA portfolios are stellar performers – you’re going to need some serious $$$$ to get in. If you want to learn about index funds for the average individual investor, look elsewhere for information which you can use.
Rating: 2 / 5
The book presents tons of information as a 12-step active investor recovery program. Although I found much of this information insightful it does seem to me that ultimately in trying to prove a point a clear sales pitch shines through which does not agree with me too much.
Rating: 3 / 5
This book makes a very good (although not *convincing*) case to place one’s stock and bond investments in different index mutual funds and worry more about asset allocation and not about fund and stock picking.
Rating: 4 / 5