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All About Index Funds: The Easy Way to Get Started (All About Series) |  | Author: Richard Ferri
Publisher: McGraw-Hill
Category: Book
List Price: $18.95
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Rating:  21 reviews
Sales Rank: 46050
Media: Paperback
Edition: 2
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.9 x 5.9 x 0.9
ISBN: 0071484922
Dewey Decimal Number: 332.6327
EAN: 9780071484923
ASIN: 0071484922
Publication Date: December 22, 2006
Availability: Usually ships in 1-2 business days
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Product Description
All The Tools and Techniques You Need to Invest Successfully in High-Yield, Low-Risk Index Funds The updated Second Edition of Richard Ferri's bestselling All About Index Funds offers individual investors an easy-to-use guide for capitalizing on one of today's hottest investing areas_index funds. This wealth-building resource provides essential information on index funds; expert advice on how to start investing; and winning strategies for high returns with low risk. The Second Edition of All About Index Funds features: - Updated tables, charts, and data on performance, fees, and new funds
- Step-by-step guidance on active indexing and discussion of its expanding role
- Coverage of all new U.S. equity indexes that have changed the dynamics of the index fund marketplace and a new chapter on commodities and commodity index funds
- Vanguard's revision of the indexes it uses for benchmarking
- Discussion of the increasing popularity of ETFs for effective asset allocation
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| Customer Reviews:
Showing reviews 1-5 of 21
 Excellent information but lots of errors and omissions July 14, 2009
EHinLA (Pasadena,CA)
4 out of 5 found this review helpful
I have almost finished reading this book (happily, borrowed from the library, it isn't worth owning) and I think it has a lot of excellent and useful information. I just finished The Four Pillars of Investing and felt that there wasn't quite enough info on how to create my own portfolio - not only asset allocation percentages but the actual choice of funds, ETFs, etc. So, I had hoped this book would help in filling in that gap, and to some degree it does. Although somewhat narrow in scope, I have learned some interesting and helpful details. So, 3 stars.
However, I began writing this review earlier: I am only as far along as page 7 and am already dismayed to see such a poor writing style. For example, this is not a sentence: "Measures market weight is simple" - perhaps this is a typo and it is supposed to read "Measuring...". OK.
Then how about: "....the Dow covered only 12 stocks, people began to view it as an index of stock prices by which to measure stock prices against." Yikes!! "against which to measure stock prices" is some improvement, no?
And the aforementioned, "Thus so far, we have..."
On page 77 the spellchecker error again, vis - "Broad market funds have better tax-management opportunities in a niche market such as a small-cap..." To make sense of this it (I believe) is supposed to read "...opportunities THAN a niche market..." How many little errors like this are there? Which ones did you catch? Worse - which ones did you miss?
Now on page 82, all of the data related to the "Tax Swapping" example is missing - it seems two tables of purchase information were intended. One can still get the idea but having the information (costs/shares/dates) would be quite helpful.
Finally, if you can decipher this, you probably don't need Index Funds and can go ahead and anticipate the market with ease - so buy stocks! ;)
"A successful sector fund investing diversified their portfolio into several sectors so they will not be hurt badly when one sector takes a tumble."
Now on page 252 it gets really frustrating, because here we are creating a portfolio to meet retirement goals. "...we create an asset allocation between stocks and bonds that is expected to deliver a 7 percent return (see Table 14-1)."
But, no that is not what Table 14-1 is about. No as in the next example is Table 14-2 described correctly. So it seems that 2 of the most important tables (how to create a portfolio of bond/stocks that will meet a certain percentage return) are missing. I've read this several times and the these tables are related to something else that is discussed further in the chapter.
And the pitch for one of his now out of print books (saddled with a bad title he explains) is really kind of pathetic. He should suggest other books on the topic rather than suggest you look around used copies!
OK. Small potatoes? Maybe. Nevertheless, it makes one wonder about other errors, right? Perhaps the 3rd edition will be more felicitously edited? A little bit less clanging against the ear in terms of grammar? :) And, more importantly, a thorough and precise read through before it goes off to the press? And not just by the spell checker!! I hope so, as these errors and omissions GREATLY detract from a very practical and useful book.
Two stars wouldn't be unfair.
A bit dry compared to All about Asset Allocation but still very very good February 20, 2009
Chung Dynasty
I love Richard Ferri's books. This is one of them.
If you are clueless about financial investment and want to get started on it, then read this book. Also recommended are All about Index Funds, Serious Money, and The ETF Book. Unlike books that promote sales pitch and sell garbages like (IBD: Investor's Business Daily or even Wall Street Journal) Ferri provides sound studies done on investment strategies, sound strategies, expectation and mindset.
However it does not cover all the story. You still need to understand our debt-based economic structure and fractional banking monetary system to avoid heavy losses during severe recession or depression. I recommend The Creature from Jekyll Island: A Second Look at the Federal Reserve and Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) for that.
My favorite book on index funds September 19, 2008
James W. Colbert (Eastern United States)
I have been doing a self-study on investing topics this year and previously read several books on indexing by Jack Bogle [my hero, and an erudite writer], and Morningstar's Christine Benz [Clear and concise], but I think this is my favorite. Ferri is laser sharp in explaining investing concepts, and reads like you are learning one-on-one from an excellent business school professor. I bought this book because I had already read his also excellent book on asset allocation. This would be a perfect book if it was better edited. The text and content is fine but there are typos, repeated words, etc. Ferri's work deserves better, but I still very highly recommend the book.
Ferri's guide to indexing really helpful April 4, 2008
VegasTricia (las vegas, nv United States)
2 out of 2 found this review helpful
I have taken advantage of the latest market volatility to confirm my long-term financial strategy. I ordered several books from Amazon on asset allocation and using low-cost index funds or ETFs for investment.
Rick Ferri's books (I also ordered his new ETF book) are well-researched, complete guides to sensible, long-term investing. He avoids the fads, and provides information in clear, understandable terms without all of the emotional "hype" present in many books about the capital markets.
In my opinion, Mr. Ferri's prior books (and the articles he has published in journals for financial professionals) have made me a better investor.
I highly recommend All About Index Funds.
 Good solid book on Index Funds and EFT's March 27, 2008
G. L. Simms
1 out of 1 found this review helpful
This book does a good job of explaning the concept and history of index funds as well as the emerging presence of EFT's
I liked John Bogle's 1994 book on mutual funds better, but his book touched on facets Mr. Bogle's book did not. Of course that book was copyright 1994 IIRC.
I learned about indexing and the various indicies they emulate as well as the advantages and pitfalls of EFT's
A worth while read.
Members of AAII [...] have access to the 2007 EFT review which is excellent at analyzing the catagories and expenses of the various EFT's.
Showing reviews 1-5 of 21
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