ETFs for the Long Run and over 400,000 other books are available for Amazon Kindle � Amazon�s new wireless reading device. Learn more

Quantity:

Express Checkout with PayPhrase

What's this? | Create PayPhrase

More Buying Choices

46 used & new from $16.55

Have one to sell? Sell yours here

Share with Friends

Share your own customer images

Search inside this book

Start reading ETFs for the Long Run on your Kindle in under a minute. Don�t have a Kindle? Get your Kindle here.

ETFs for the Long Run: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing (Hardcover)

~ (Author)
Key Phrases: index fund, gold shares, oil fund, Long Run, Wall Street, United States (more...)

5.0 out of 5 stars See all reviews (1 customer review)

List Price:	$29.95
Price:	$21.86 & eligible for FREE Super Saver Shipping on orders over $25. Details
You Save:	$8.09 (27%)
	o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o

In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.

Want it delivered Thursday, February 11? Choose One-Day Shipping at checkout. Details

34 new from $16.55 12 used from $17.13

Formats	Amazon Price		New from	Used from
Kindle Edition Kindle Edition $16.47 Available for download now. Published September 16, 2008	$16.47		--	--
Hardcover Hardcover $21.86 In Stock. Published September 9, 2008	$21.86		$16.55	$17.13
Audio, Download Offsite Link Audio, Download Offsite Link $18.71 or less with new Audible membership Available at Audible.com.	$18.71	or less with new Audible membership

Frequently Bought Together

Price For All Three: $58.12

Show availability and shipping details

This item: ETFs for the Long Run: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing by Lawrence Carrel
In Stock.
Ships from and sold by Amazon.com.
Eligible for FREE Super Saver Shipping on orders over $25. Details
The ETF Book: All You Need to Know About Exchange-Traded Funds by Richard A. Ferri
In Stock.
Ships from and sold by Amazon.com.
Eligible for FREE Super Saver Shipping on orders over $25. Details
The ETF Trend Following Playbook: Profiting from Trends in Bull or Bear Markets with Exchange Traded Funds by Tom Lydon
In Stock.
Ships from and sold by Amazon.com.
Eligible for FREE Super Saver Shipping on orders over $25. Details

Customers Who Bought This Item Also Bought

The ETF Book: All You Need to Know About Exchange-Traded Funds

by Richard A. Ferri

4.2 out of 5 stars (20) $19.77

iMoney: Profitable ETF Strategies for Every Investor

by Tom Lydon

4.4 out of 5 stars (23) $17.15

The ETF Trend Following Playbook: Profiting from Trends in Bull or Bear Markets with Exchange Traded Funds

by Tom Lydon

4.1 out of 5 stars (22) $16.49

Exchange-Traded Funds For Dummies

by Russell Wild

4.8 out of 5 stars (12) $16.49

Trading ETFs: Gaining an Edge with Technical Analysis

by Deron Wagner

4.2 out of 5 stars (24) $34.65

› Explore similar items

Editorial Reviews

Review

"This book should go a long way to helping not just investors but top-notch financial professionals…" (Research Magazine)

Product Description

Praise for ETFs For The Long Run

"As the title of the book suggests, ETFs are going to be an increasingly important reality for a broad class of investors in coming years. This book offers the reader real understanding of this growing force in our economic lives."
—Robert J. Shiller, Arthur M. Okun Professor of Economics at Yale University, Co-founder and Chief Economist at MacroMarkets LLC

"ETFs for the Long Run is a fascinating read. A seasoned financial industry journalist, Lawrence Carrel does an excellent job of highlighting exchange traded funds' meteoric rise in popularity over the last few years. A terrific book for anyone looking to grasp the ABCs of ETF investing."
—Jerry Moskowitz, President, FTSE Americas Inc.

"ETFs for the Long Run provides a unique combination of a detailed history of the development of ETFs, a clear explanation of the sophisticated mechanics of ETFs, an assessment of investors' choices amongst this dynamic product area, and unbiased recommendations for appropriate portfolio allocation to these efficient investment tools. Lawrence Carrel has done investors and the industry a great service in pulling these four elements together in a highly readable and often entertaining book.
—Steven Schoenfeld, Chief Investment Officer, Global Quantitative Management, Northern Trust, and Editor, Active Index Investing

Despite the incredible growth of exchange-traded funds (ETFs) and the fact they've been on the market for fifteen years, some investors are still either unaware of the effectiveness of ETFs or unsure of how to use them in their investment endeavors.

That's why respected ETF expert and journalist Lawrence Carrel has written ETFs for the Long Run. Filled with in-depth insights and practical advice, this reliable resource puts ETFs in perspective and reveals how they can help you profit in both up and down markets.

Page by page, Carrel takes you through the ins and outs of ETFs, including their history, the tax benefits and minimal charges associated with them, and the fundamental differences between ETFs and other types of investments. He also provides you with the resources and tools needed to trade ETFs and build your own ETF portfolio.

You may have heard about ETFs while researching other investments or speaking with an investment advisor. If you want to learn more about them, this book will provide you with a clear understanding of what ETFs are, how they work, and how they can be used to create a low-cost, liquid, and diversified portfolio.

See all Editorial Reviews

Product Details

Hardcover: 306 pages
Publisher: Wiley (September 9, 2008)
Language: English
ISBN-10: 0470138947
ISBN-13: 978-0470138946
Product Dimensions: 9.2 x 6 x 1.2 inches
Shipping Weight: 1 pounds (View shipping rates and policies)

Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)

Amazon.com Sales Rank: #198,357 in Books (See Bestsellers in Books)
Popular in this category: (What's this?)
#20 in Books > Business & Investing > Investing > Mutual Funds

Would you like to update product info or give feedback on images?

More About the Author

Discover books, learn about writers, read author blogs, and more.

› Visit Amazon's Lawrence Carrel Page

Inside This Book (learn more)

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
index fund, gold shares, oil fund, new indexers, fundamental indexing, greater tax efficiency, cash drag, average expense ratio, creation unit, commodity pool

Key Phrases - Capitalized Phrases (CAPs): (learn more)
Long Run, Wall Street, United States, Dow Jones, The New Indexers, American Stock Exchange, Morgan Stanley, The Better Mousetrap, Deutsche Bank, Bank of New York, New York Stock Exchange, Barclays Global Investors, Grantor No Index, State Street, Building Your Own, Investment Company Institute, Wells Fargo, Select Index, Exchange-Traded Funds, Nate Most, Hong Kong, Total Foreign Equity, Total Equity, First Trust, Fee Bitten

What Do Customers Ultimately Buy After Viewing This Item?

	53% buy the item featured on this page: ETFs for the Long Run: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing 5.0 out of 5 stars (1) $21.86
	22% buy The ETF Book: All You Need to Know About Exchange-Traded Funds 4.2 out of 5 stars (20) $19.77
	11% buy iMoney: Profitable ETF Strategies for Every Investor 4.4 out of 5 stars (23) $17.15
	8% buy The Perfect Portfolio: A Revolutionary Approach to Personal Investing 4.3 out of 5 stars (15) $19.77

Explore similar items

Suggested Tags from Similar Products

(What's this?)

Be the first one to add a relevant tag (keyword that's strongly related to this product).

etf(38)

exchange traded funds(25)

investing(24)

etfs(24)

stock market(11)

portfolio(9)

technical analysis(6)

commodities(6)

trend following(4)

emerging markets(4)

Customer Reviews

1 Review

5 star:		(1)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(0)

Average Customer Review

5.0 out of 5 stars (1 customer review)

Share your thoughts with other customers:

Create your own review

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

5.0 out of 5 stars On the money (in 2009), February 21, 2009

By	Samuel Chell (Kenosha,, WI United States) - See all my reviews (TOP 50 REVIEWER) (REAL NAME)

Amazon Verified Purchase(What's this?)

It really annoys me when a popular columnist/"qualified" expert, at least until very recently (Jeremy Siegel, for instance), is still spouting in 2009 the same old bromides that have cost many people over 50% of their savings in the last 8 months. Buy and hold, diversify, use DRIP plans, avoid load funds, buy anything with a 5-star rating from Morningstar. And, above all else, keep buying stocks. If you put the money in treasuries or bonds or the money market, even in your senior years--or so goes the familiar tale--you'll soon lose out to inflation. Rethink that: the past 6-8 months have demonstrated that you're more likely to have your head handed back to you.

Look at the ten-year averages of some of the most aggressive ("especially" them) "growth" funds, even the highly-regarded ones, and don't be surprised to see that they've been trounced by bonds, the money market, CDs, even a plain old savings account. Or pay the minimum $2500 to get into some marquee stock-picker's mutual fund, and try to pretend after six months, when your investment is worth $600 while the fund is still sporting 5 stars, that it'll come back if you just hang on.

The upshot of all this? Be wary of mutual funds, passive investing, buy and hold strategies. This approach simply hasn't been working, and if Japan's "lost decade" (make that 2) is any model, we could be at a stalemate for many years to come. As a result, the name of the game has suddenly become nimbleness, small and strategic investing, resisting the urge to hit home runs. But you don't have to be an expert in futures and derivatives or become a "day trader" in order to employ such a strategy. This book explains why ETF's are the best solution, and not just for the day trader (who has the time or, for that matter, the "conscience" to spend their lives trading stocks at a video terminal for 8, 10, 12 and more hours a day?) but for the long-term investor.

The book is written for both the neophyte--someone who hasn't even invested in stocks let alone ETFs--as well as the experienced investor, or someone unfamiliar with the the history, structure, and future of these new investment vehicles. It's a thorough, detailed, edifying read. There may be more information here than the average person (moi, for instance) can immediately digest, but if anything has taught us the painful consequences of hastily sacking your money away in a handful of funds and forgetting about it, the past 8 months certainly have.

The author not only provides a fascinating, "human" narrative of ETFs coming to market family by family, but includes the "conflict" essential to a good story. For example, Rob Arnett's introduction of "fundamental" indexing to fund portfolios becomes a shot across the bow to the "capital-weighted" indexing of John Bogle at Vanguard--a painless way for the reader to learn about controversial "efficient market" theory.

Of course, most readers will want, above all, lots of practical advice. The author provides model portfolios and demystifies these relatively new investment vehicles. Following Carrel's advice and examples, any reader will be able to set up a strong portfolio and, with minimal but regular attention, stay on course toward maximizing (or preserving) profits while minimizing risk. More importantly, the investor will be able to realize not merely diversification but a sense of empowerment and control that is lacking in most mutual fund transactions. Finally, as the author explains, you're more likely to save money on sales charges, transaction fees, and tax consequences. (Many people still don't realize how inexpensive it is these days to trade a stock. When I discovered the market circa 1990, stock trades were fifty bucks and more per transaction. Even today, brokerages charge similar fees for trading mutual funds that aren't considered house funds. ETFs, on the other hand, are bought and sold just like stocks--i.e. ten bucks or even less per transaction.)

This is one of the most recent studies you'll find on the subject. It understandably doesn't include developments of the last 2-3 months--many of which are mere gimmicks that don't belong in an investor's portfolio anyway, such as bear funds that triple the movement of the market in inverse order (yet for some reason, guessing right with these bear "ETFs on steroids" will not triple the investor's wealth). And in December many investors discovered that some ETFs are not necessarily as tax-efficient as they had promoted themselves to be. The author does clarify most of these matters and offers sound advice about the solid funds, the ones that the "investor" rather than the "gambler" should concerned with. (I think that it's safe to say that many of the gimmicky new products of the last couple of months are strictly for professional traders, not for investors or hedgers. If you like the psychological comfort of a hedge, short ETFs provide the opportunity. But in the long run, simply sticking with a long position and buying more on the dips could have the same balancing effect.)

Help other customers find the most helpful reviews

Was this review helpful to you?

Report this | Permalink

Comment Comments (2)

Share your thoughts with other customers: Create your own review

› See all customer reviews...

.jsOffDisplayBlock { display: block; } .jsOffDisplayInline { display: inline; } .jsOffVisibility { visibility: visible; } .jsOnDisplayBlock { display: none; } .jsOnDisplayNoneBlock { display: block; } .jsOnDisplayNoneInline { display: inline; } .jsOnDisplayInline { display: none; } .jsOnVisibility { visibility: hidden; } .jqOnDisplayBlock { display: none; } .jqOnDisplayInline { display: none; } .jqOnVisibility { visibility: hidden; } .jqOnDisplayNoneBlock { display: block; } .jqOnDisplayNoneInline { display: inline; }