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Richard Ferri's All About Index Funds (All About... (McGraw-Hill)) PDF

By Richard Ferri

ISBN-10: 0071387056

ISBN-13: 9780071387057

ISBN-10: 0071423389

ISBN-13: 9780071423380

Every thing you must find out about Index Funds­­What they're, Why They Outperform controlled Mutual cash, that are good for you, and extra! Little recognized simply 5 years in the past, index mutual cash became one among contemporary most well-liked cars for traders weary of attempting to beat the marketplace. All approximately Index money explains the fine details of those easy-to-use investments, and divulges how they could provide the merits of a hugely varied portfolio for as low as $500! no matter if you're an skilled inventory marketplace investor or a newbie, glance to All approximately Index cash to benefit extra approximately: Tax merits of index money Exchange-traded money SPDRs HOLDRs international cash personalized money Asset allocation realizing probability Taxable as opposed to nontaxable concepts Index fund prone and lots more and plenty extra

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Additional resources for All About Index Funds (All About... (McGraw-Hill))

Example text

Let’s look at this puzzle mathematically. There are 10 boxes, and one contains $25,000. You have a 2 in 9 chance of bettering yourself by picking either the $26,000 box or the $30,000 box. The average amount in those two boxes is $28,000. That means you have a 22 percent probability of gaining an extra $3000. On the other hand, there is a 7 in 9 chance of picking a box with less money in it. The average amount in those boxes is only $20,000. That means you have a 78 percent probability of earning $5000 less.

In 1975 Bogle had a chance to put all his ideas into action. As the chairman of the newly formed Vanguard Group, Bogle set the ship’s course squarely on low-cost investing. His firm was going to be the first company to offer a low-cost index fund to the public. Vanguard was able to follow this mandate because of its unique corporate structure. The company is owned by the shareholders that invest in its mutual funds rather than by a private for-profit investment group. Vanguard operates much like a co-op, where lower fees benefit all investors.

The cost to manage an index fund is far lower than the cost to manage an active fund. 1 The lower cost of an index fund gives it a significant performance advantage. Although active fund managers may be able to conduct research that enables them to select stocks that outperform the market, they cannot do it with enough consistency to make up the higher fee, let alone exceed the index. In the final analysis, trying to beat the stock market is a loser’s game. Bond index funds also beat most actively managed bond mutual funds because of lower costs.

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All About Index Funds (All About... (McGraw-Hill)) by Richard Ferri

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