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- Herausgeber: John Wiley & Sons
- Kategorie: Fachliteratur
- Serie: Wiley Global Finance Executive Select
- Sprache: Englisch
- Veröffentlichungsjahr: 2010
The active versus passive debate is a contentious issue. Filled with concrete evidence and comprehensive money management strategies, this chapter from The Only Guide You'll Ever Need for the Right Financial Plan delves into the case for passive investing over active investing. You can do so by investing in passively managed investment vehicles like index funds and passive asset class funds. You are virtually guaranteed to outperform the majority of both professionals and individual investors. Written for savvy investors and advisors, this chapter helps you: * Integrate a passive investing strategy * Maintain your portfolio's risk portfolio in a tax-efficient manner * Determine the difference between the theories of efficient versus inefficient markets * Make cost-effective investment decisions From Larry Swedroe, the author of the bestselling series of "The Only Guide" investment books, with Kevin Grogan and Tiya Lim, this chapter helps you integrate diversification, low turnover, and asset allocation into one plan that meets the needs of a unique situation.
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Contents
Cover
Title Page
Copyright
CHAPTER 9: Active versus Passive Management
The Evidence
The Search for the Holy Grail: Why Is Persistent Outperformance So Hard to Find?
The Value of Economic Forecasts
The Value of Security Analysis
Buy, Sell, or Hold?
The Tyrannical Nature of an Efficient Market
The Prudent Investor Rule
The Benefits of Passive Investing
Summary
Copyright © 2010 by Larry Swedroe, Kevin Grogan, and Tiya Lim. All rights reserved.
Disclaimer. This content is excerpted from The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments, by Larry E. Swedroe, Kevin Grogan and Tiya Lim (978-1-576-60366-6, 2010), with permission from the publisher John Wiley & Sons. You may not make any other use, or authorize others to make any other use of this excerpt, in any print or non-print format, including electronic or multimedia.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
The active versus passive debate is a contentious issue. Filled with concrete evidence and comprehensive money management strategies, this chapter from The Only Guide You'll Ever Need for the Right Financial Plan delves into the case for passive investing over active investing. You can do so by investing in passively managed investment vehicles like index funds and passive asset class funds. You are virtually guaranteed to outperform the majority of both professionals and individual investors. Written for savvy investors and advisors, this chapter helps you:
• Integrate a passive investing strategy
• Maintain your portfolio's risk portfolio in a tax-efficient manner
• Determine the difference between the theories of efficient versus inefficient markets
• Make cost-effective investment decisions
From Larry Swedroe, the author of the bestselling series of “The Only Guide” investment books, with Kevin Grogan and Tiya Lim, this chapter helps you integrate diversification, low turnover, and asset allocation into one plan that meets the needs of a unique situation.
Derived from Swedroe, Larry, Kevin Grogan, and Tiya Lim. The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments. Hoboken, NJ: John Wiley & Sons, 2010. 978-1-576-60366-6; 224 pp.
978-1-118-00654-2978-1-118-00656-6
CHAPTER 9
Active versus Passive Management
