A practical guide to passive investing.
Time and again, individual investors discover, all too late, that actively picking stocks is a loser's game. The alternative lies with index funds. This passive form of investing allows you to participate in the markets relatively cheaply while prospering all the more because the money saved on investment expenses stays in your pocket.
In his latest book, investment expert Richard Ferri shows you how easy and accessible index investing is. Along the way, he highlights how successful you can be by using this passive approach to allocate funds to stocks, bonds, and other prudent asset classes.
Ferri is also author of the Wiley title: The ETF Book and co-author of The Bogleheads' Guide to Retirement Planning.
If you're looking for a productive investment approach that won't take all of your time to implement, then The Power of Passive Investing is the book you need to read.
©2011 Richard A. Ferri (P)2012 Audible, Inc.
University administrator. Commuter cyclist. Dad, husband. Loves books of course. Aspiring Jedi Knight and Warder.
This is an excellent book for those who are looking at getting into the market, but don't want to buy and trade stocks. The premise of the book is essentially: you can't beat the market. The evidence he provides to support this proposition is overwhelming.
After reading this book, there's a very good chance you'll look at your investment strategy and make some significant changes. For the better I would add.
One caution. As a novice I found portions of this book quite technical and way over my head, but the central concepts are clear enough, so about 2/3rds of the book is understandable, enjoyable for those who don't work on Wall or Bay Street.
Really liked the narrator. He did a great job!
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