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Full Description
The evidence-based approach to a more worthwhile portfolio The Index Revolution argues that active investing is a loser's game, and that a passive approach is more profitable in today's market. By adjusting your portfolio asset weights to match a performance index, you consistently earn higher rates of returns and come out on top in the long run. This book explains why, and describes how individual investors can take advantage of indexing to make their portfolio stronger and more profitable. By indexing investment operations at a very low cost, and trusting that active professionals have set securities prices as correctly as possible, you will achieve better long-term results than those who look down on passive approaches while following outdated advice that no longer works.
"Beating the market" is much harder than it used to be, and investors who continue to approach the market with that mindset populate the rolls of market losers time and time again. This book explains why indexing is the preferred approach in the current investment climate, and destroys the popular perception of passive investing as a weak market strategy.
Structure your portfolio to perform better over the long term
Trust in the pricing and earn higher rates of return
Learn why a passive approach is more consistent and worthwhile
Ignore overblown, outdated advice that is doomed to disappoint
All great investors share a common secret to success: rational decision-making based on objective information. The Index Revolution shows you a more rational approach to the market for a more profitable portfolio.
Contents
Foreword vii Introduction xvii
Acknowledgments xxxvii
Part One Over 50 Years of Learning to Index 1
1 My Half-Century Odyssey 3
Part Two The 10 Good Reasons to Index 73
2 The Stock Markets of the World Have Changed Extraordinarily 75
3 Indexing Outperforms Active Investing 83
4 Low Fees Are an Important Reason to Index 97
5 Indexing Makes It Much Easier to Focus on Your Most Important Investment Decisions 125
6 Your Taxes Are Lower When You Index 147
7 Indexing Saves Operational Costs 151
8 Indexing Makes Most Investment Risks Easier to Live With 153
9 Indexing Avoids "Manager Risk" 157
10 Indexing Helps You Avoid Costly Troubles with Mr. Market 161
11 You Have Much Better Things to Do with Your Time 169
12 Experts Agree Most Investors Should Index 171
Appendix A: How About "Smart Beta"? 177
Appendix B: How to Get Started with Indexing 185
Appendix C: How Index Funds Are Managed 193
About the Author 197
Index 199
