options

Exchange-Traded-Funds ("Basket Securities")are fast becoming the most important and popular investments in the world. And for good reason. As the authors point out, they offer superior performance to most mutual funds at a tiny fraction of the cost, offer tax advantages in the form of low capital gains distributions, and exposure to over 100 different market indicies. The authors offer a "Holy Grail" strategy of swapping between active and passive management, and a primer on point and figure analysis to boot. Don't look for precise, technical timing formulas, but rather get this book as your definitive reference on ETFs.

I can't believe this 260 page book has appendices that start on page 117!! Over half of this book is lists of stocks included in the ETF's...easily obtainable on the web. We didn't need to kill trees for this! I thought the author would discuss sector swapping strategies, etc. , but not in this book. This book just contains some basic information about ETF's in today's market.