Overview
Praise for ETFs For The Long Run
"As the title of the book suggests, ETFs are going to be anincreasingly important reality for a broad class of investors incoming years. This book offers the reader real understanding ofthis growing force in our economic lives."
—Robert J. Shiller, Arthur M. Okun Professor of Economics atYale University, Co-founder and Chief Economist at MacroMarketsLLC
"ETFs for the Long Run is a fascinating read. A seasonedfinancial industry journalist, Lawrence Carrel does an excellentjob of highlighting exchange traded funds' meteoric rise inpopularity over the last few years. A terrific book for anyonelooking to grasp the ABCs of ETF investing."
—Jerry Moskowitz, President, FTSE Americas Inc.
"ETFs for the Long Run provides a unique combination of adetailed history of the development of ETFs, a clear explanation ofthe sophisticated mechanics of ETFs, an assessment of investors'choices amongst this dynamic product area, and unbiasedrecommendations for appropriate portfolio allocation to theseefficient investment tools. Lawrence Carrel has done investors andthe industry a great service in pulling these four elementstogether in a highly readable and often entertaining book.
—Steven Schoenfeld, Chief Investment Officer, GlobalQuantitative Management, Northern Trust, and Editor, ActiveIndex Investing
Despite the incredible growth of exchange-traded funds (ETFs)and the fact they've been on the market for fifteen years, someinvestors are still either unaware of the effectiveness of ETFs orunsure of how to use them in their investment endeavors.
That's why respected ETF expert and journalist Lawrence Carrelhas written ETFs for the Long Run. Filled with in-depthinsights and practical advice, this reliable resource puts ETFs inperspective and reveals how they can help you profit in both up anddown markets.
Page by page, Carrel takes you through the ins and outs of ETFs,including their history, the tax benefits and minimal chargesassociated with them, and the fundamental differences between ETFsand other types of investments. He also provides you with theresources and tools needed to trade ETFs and build your own ETFportfolio.
You may have heard about ETFs while researching otherinvestments or speaking with an investment advisor. If you want tolearn more about them, this book will provide you with a clearunderstanding of what ETFs are, how they work, and how they can beused to create a low-cost, liquid, and diversified portfolio.
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