| |||||||||||||||
Individual investors who want to break away from conventional financial plans often find it hard to make this change, even when it's clear that their current course of action is outdated, inflexible, and costly.
Author David Fry is extremely familiar with this situation. He has devoted over thirty-five years to the business of trading and portfolio management and, as founder of ETF Digest, has been at the forefront of major investment trends. Fry knows what it takes to make it as a successful investor, and now, with Create Your Own ETF Hedge Fund he'll show you how.
Many investors are intrigued by the profit potential of today's hedge funds, but most feel like they're on the outside looking indue to the high investment requirements and complexity of these vehicles. Create Your Own ETF Hedge Fund will allow you to break down these barriers and effectively operate within this environment by:
Demystifying hedge funds and explaining why they're so popular
Detailing the number and type of current, new, and proposed ETFs, which can enhance your investment returns
Outlining real portfolio construction techniques, which are easy to understand and implement
And much more
Unlike other hedge fund resources, however, this book doesn't discuss riskier exotic strategies. Instead, it focuses on essential approachesglobal macro long/short and aggressive growththat will help you take advantage of both bullish and bearish conditions across the globe. There is no leverage required, only a desire and willingness to put a plan of action together and, if necessary, find the help you need to put it to work.
Divided into three comprehensive parts, Create Your Own ETF Hedge Fund is an excellent way to get involved in this dynamic field. If you're interested in innovative investment concepts, this book will allow you to develop flexible strategies that suit your specific goals and personality.
Structuring your own hedge fund using ETFs has never been easier, and the longer you wait to do so, the further you'll be left behind. Filled with in-depth insights and expert advice, Create Your Own ETF Hedge Fund, is the ideal guide for those looking to invest for success.
Create Your Own ETF Hedge Fund
"As a psychologist, I find this book and the ETF Digest web site to do an excellent job of helping us separate our emotional reactions to the market from our more cognitive ones. As humans, we always emotionally want to gain more resources, but are constantly afraid we are about to lose everything. Dave Fry helps to balance these two points of view so we can move forward. In his book, Dave shows us how to think like a hedge fund manager and to understand risk and evaluate rewards. In comparison to many market 'gurus' who keep wanting the market to follow their views, Dave Fry turns to reality by having us focus on the market to organize our responses. Balancing the realities of both human instincts and the markets, we come to see ways of using ETFs and cash in a variety of circumstances. Learning from his experiences helps even sophisticated investors create a valuable roadmap for their future."
William J. Ray, Professor of Psychology, Penn State University
"Dave cuts through some of the financial markets' most deep-seated canards to provide the do-it-yourself investor with strategies and ideas for staying ahead of the game. And he suggests some important questions that other investors should be asking their professional advisors about how they're handling their assets."
Greg Newton, former president of MARHedge Fund Newsletter and current Publisher of NakedShorts
"Dave Fry extolled the benefits of exchange-traded funds before much of the rest of the world caught up with him. Now, in Create Your Own ETF Hedge Fund, Dave shows investors how to use the wide variety of ETFs now available to pursue sophisticated strategies that used to be available to only a select few."
Michael Sapir, CEO, ProShares
Product Details
Would you like to update product info or give feedback on images?
|
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
56 of 59 people found the following review helpful:
5.0 out of 5 stars
Excellent for DIY ETF Investors,
By TraderJon (Green Brook, New Jersey USA) - See all my reviews
Amazon Verified Purchase(What's this?)
This review is from: Create Your Own ETF Hedge Fund: A Do-It-Yourself ETF Strategy for Private Wealth Management (Wiley Finance) (Hardcover)
Disclaimer: I'm a subscriber to Mr. Fry's investment website.
Outside of my 401k I stick to dollar cost averaging into low cost index funds. It's proven and good for the 'lazy' investor. But in the tax sheltered setting of my 401k I use some knowledge and a bit of common sense to invest wisely and avoid needless fund fees that sap returns. Dave's methodology has opened a new and exciting door to investing. Dave has good practical advice on how to 'hedge' in the traditional sense using currency, commodities, and other unique ETF solutions. This has proven particularly useful in the current economic environment. His broad experience in the world of personal investing comes through clearly in a well written and witty text. That said, I think the book is geared as an explanation of the new world of ETFs and a companion to the subscriber website and not an investment 'cookbook' solution in and of itself. (I take my direction through 'consensus' of several sources and Dave is more often on the mark than not.) Yet, if you've marveled at the choices in ETFs recently, and are looking for some guidance on how to utilize them, then this is a worthy read. You will come away with new and viable ideas on how to invest. Even if you're not a fan of technical analysis, Dave's daily blog (links above) offers some insight into current market conditions with easy to understand charts and comments. Also you'll find Dave's comments on ETFs and financial markets in articles on many of the top financial websites. Regards,
26 of 27 people found the following review helpful:
5.0 out of 5 stars
A good read.,
By John DP (Hong Kong) - See all my reviews
This review is from: Create Your Own ETF Hedge Fund: A Do-It-Yourself ETF Strategy for Private Wealth Management (Wiley Finance) (Hardcover)
It has useful nuggets of information for the novice investor as well as some concepts that I believe every professional investor/financial advisor should be aware of in this volatile one world market. The author offers short-term or long-term approaches and methodologies to using ETFs in the construction of your own portfolio. Very helpful and he presented it in a straightforward manner that was easy to read and understand. Not one of those authors that "talks down" to the reader and tries to impress you with their self-inflated and more often these days, highly-conflicted opinions.
Definitely worth a spot on the shelf if you are inclined to read investment books!
28 of 30 people found the following review helpful:
5.0 out of 5 stars
Get this book. Then follow his blog and newsletter.,
By JGaardCos (NY & Zürich) - See all my reviews
This review is from: Create Your Own ETF Hedge Fund: A Do-It-Yourself ETF Strategy for Private Wealth Management (Wiley Finance) (Hardcover)
As a private investor and manager for several family offices in the US and overseas, I became a subscriber to Mr. Fry's ETF Digest newsletter back in 1993 by default because initially, even though exchange traded funds were starting to gain popularity as trading vehicles, certainly the brokerage community wasn't ready for ETFs --even till this day. Our financial advisors were earning high commission rates then, and preferred to sell single stocks to their clients instead of something that offered broad diversification in one trade.
That was the start of my ETF education. Mr. Fry's newsletter and blog have since provided me with the tools and knowledge to be well-positioned to take advantage of trading opportunities presented by today's volatile fast-moving market conditions. Quite simply, a big time bear market is something to be dealt with and not run away from. His book is a recommended read. I have purchased several, kept one for myself and gave the the rest as gifts to my "Johnnie-come-lately" colleagues who are just now discovering the world of etfs. The book goes into the history and the mechanics of buying and selling these funds and the different types of ETF portfolio construction strategies and allocations given your experience level and trading style. Even with a good grasp on fundamental trends, there is a lot of technically-based trading in ETF's which he explains in several chapters that's easy to understand and follow. The author shares a lot of his personal market experience with Wall Street especially having created and managed several of his own hedge funds back in the 1980's. Of practical interest to me is the topic of leveraged and unleveraged issues and its issuing providers since these are a regular allocation segment in our current portfolio holdings. The decision is whether to go long, short or levered in one direction or another. Mr. Fry continues to educate his subscribers and book readers successfully without the BIAS and double-speak that you find with so many other investment book authors and financial bloggers out there. Finally, there is no substitute for becoming a knowledgeable investor and ultimately a profitable one given the government manipulation of the markets because in the end, no one is going to save you.
Share your thoughts with other customers: Create your own review
|
|
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|