Book Description

A winning investment strategy for today's volatile markets.

Long a secret guarded by financial insiders, index funds have become a favorite with individual investors of every level.Drawing on their years of experience managing institutional investments, Walter R. Good and Roy W. Hermansen give even novice investors the nuts-and-bolts know-how to boost returns and control risk.

Comprehensive and easy to grasp, this definitive guide covers the basics of indexing in theory, practice...and beyond, to innovative variations.Investors will learn precisely howindex funds work.They'll also discover how to reduce costs, defer taxes, control risk and, in the process, beat the vast majority of actively managed mutual funds.

Packed with helpful charts and graphs, readers will learn how to: * choose the right fund * get started (with as little as a few hundred dollars) * develop a sound portfolio * gauge portfolio risk * assess portfolio performance * make adjustments to improve diversification

Hailed as "a landmark book" in the foreword by John C. Bogle, former Chairman of the Board of The Vanguard Group of Investment Companies, INDEX YOUR WAY TO INVESTMENT SUCCESS leads the way to mastering a stable and lucrative investment strategy. ... Read more

Reviews (1)

Invaluable.
Quite pleased, and informed. The 2 authors have done a commendable job in delivering the facts and opinions in a straightforward, manner. This is one of the better index books out there. Though there are still far too little. 5 index books total?....The other great index book is Larry's...But overall, this book is top notch. ... Read more

Reviews (3)

This is a very readable book on index investing.
I liked this book on its readability. I scanned a few other books on indexing; they were too dry for me.

Outstanding Introduction to Index funds
A great introduction to index funds. Two other texts that complement this book are John Bogle's "Bogle on Mutual Funds" and the seminal "A Random Walk Down Wall Street" by Burton Malkiel. The case against actively managed mutual (or pension) funds is persuasively presented by any of these three but the Tweddell/Pierce treatment is more practical. The only criticism is that its list of index funds is already out of date. Fidelity, Merrill Lynch, etc. have recently joined the fray and some funds have closed

I wish I had read something like this ten years ago.
Great book--readable, troubling, eye-opening. I wish that I had read something like this ten years ago ... Read more

Book Description

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on October 7, 1996. The length of the article is 21650 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Insurance programs for money market funds have been announced by Fidelity Investments Inc and Marsh and McLennan Companies Inc. A mutual insurance company which will cover potential default losses up to $100 mil will be established by Fidelity. Most Fidelity funds will be covered after approval by the SEC. Mutual fund distributors and others offering money market funds will be covered up to $100 mil by the Marsh and McLennan program.

Citation Details
Title: M&M, Fidelity offer mutual funds default cover.(Marsh and McLennan, Fidelity Investments)
Author: Jim Connolly
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: October 7, 1996
Publisher: The National Underwriter Company
Issue: n41Page: p36(1)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Bank Marketing, published by Bank Marketing Assn. on October 1, 1992. The length of the article is 2913 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The sale of mutual funds to retail customers offers banks a way to increase fee income at a time when low interest rates have sharply curtailed profit margins at most banks. Indeed, according to industry analysts, the marketing of mutual funds and other non-traditional investment products, such as annuities, may be the wave of the future for banks seeking better margins. These analysts cite changing demographic trends, costly bank structures and high regulatory costs as key factors that are making the traditional dependence of banks on deposits less important in the 1990s.

Citation Details
Title: Marketing mutual funds: a strategy for the '90s. (includes related article) (Cover Story)
Author: Barry I. Deutsch
Publication: Bank Marketing (Magazine/Journal)
Date: October 1, 1992
Publisher: Bank Marketing Assn.
Volume: v24Issue: n10Page: p10(6)

Article Type: Cover Story

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Futures (Cedar Falls, Iowa), published by Oster Communications, Inc. on October 1, 1992. The length of the article is 56483 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Canada has lifted restricting rules on mutual and pension funds which may have a positive global effect as it encourages exchange activities. Portfolio manager will then find opportunities to expand their knowledge on heding, asset allocation and yield enhancement. Mutual fund which are governed by each of Canada's provinces will be able to utilize derivative products. On the other hand, pension funds controlled by the Canadian government will be permitted to optionally employ futures and options markets.

Citation Details
Title: Canada comes of age. (Canada's regulations on pension and mutual funds)(includes related article)
Author: Ginger Szala
Publication: Futures (Cedar Falls, Iowa) (Magazine/Journal)
Date: October 1, 1992
Publisher: Oster Communications, Inc.
Volume: v21Issue: n12Page: p60(1)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Fairfield County Business Journal, published by Westfair Communications, Inc. on February 24, 2003. The length of the article is 420 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Mutual fund assets fall 2.0 percent. (Focus: Banking and Finance).
Publication: Fairfield County Business Journal (Magazine/Journal)
Date: February 24, 2003
Publisher: Westfair Communications, Inc.
Volume: 42Issue: 8Page: 17(1)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on December 1, 1996. The length of the article is 1428 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Stephen Timbers is committed to rejuvenating the Kemper family of mutual funds and transform it into a competitive business. As chairman and chief executive for Kemper, he recognizes that a change has to come soon to protect the asset base and market share of the firm. It is currently managing $80 billion, including $41 billion in mutual funds and $34 billion of institutional and pension assets. The strength of the organization lies in the fixed-income side of investment. To renew the company, Timbers intends to improve its track record to impress stockbrokers and financial planners who pick funds for their clients. His strategy also involves popular brand recognition, a broad product line, effective distribution and top-notch support services. Timbers also wants to focus on international equities and add new people to its talent pool.

Citation Details
Title: Out of the woods? (plans of chairman and chief executive Stephen R. Timbers to renew mutual funds company Kemper)
Author: Jonathan Burton
Publication: Chief Executive (U.S.) (Magazine/Journal)
Date: December 1, 1996
Publisher: Chief Executive Publishing
Issue: n119Page: p30(2)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Australian Journal of Management, published by Australian Graduate School Of Management on September 1, 2003. The length of the article is 5074 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: A survival analysis of Australian equity mutual funds.
Author: A. Colin Cameron
Publication: Australian Journal of Management (Refereed)
Date: September 1, 2003
Publisher: Australian Graduate School Of Management
Volume: 28Issue: 2Page: 209(18)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from ABA Banking Journal, published by Simmons-Boardman Publishing Corporation on February 1, 1991. The length of the article is 15280 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Should trust funds become mutual funds? (Trust/Private Banking)
Author: Joel Whitman
Publication: ABA Banking Journal (Refereed)
Date: February 1, 1991
Publisher: Simmons-Boardman Publishing Corporation
Volume: v83Issue: n2Page: p59(3)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from ABA Banking Journal, published by Simmons-Boardman Publishing Corporation on May 1, 1995. The length of the article is 13882 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Mutual fund managers are able to achieve high returns consistently through a mixture of good luck, good timing, and the shrewd choice of stocks and bonds. Morningstar analyst Patricia Brady found a lower risk/lower return strategy effective in 1994, when mutual funds became highly competitive for the first time. Other banks with strong mutual funds discuss their strategies, and the 20 largest bank funds are ranked in size.

Citation Details
Title: The best bank stock and bond funds. (Mutual Fund Report)
Publication: ABA Banking Journal (Refereed)
Date: May 1, 1995
Publisher: Simmons-Boardman Publishing Corporation
Volume: v87Issue: n5Page: p57(5)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Review of Business, published by St. John's University, College of Business Administration on September 22, 2002. The length of the article is 4513 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Mutual funds: investment of choice for individual investors?
Author: J. Stephen, Jr. King
Publication: Review of Business (Refereed)
Date: September 22, 2002
Publisher: St. John's University, College of Business Administration
Volume: 23Issue: 3Page: 35(5)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Westchester County Business Journal, published by Westfair Communications, Inc. on December 30, 2002. The length of the article is 864 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Wall Street blues: mutual funds post another down year.(losses, gains for various mutual funds, mutual fund categories)(Industry Overview)
Publication: Westchester County Business Journal (Magazine/Journal)
Date: December 30, 2002
Publisher: Westfair Communications, Inc.
Volume: 41Issue: 52Page: 8(1)

Article Type: Industry Overview

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Fairfield County Business Journal, published by Westfair Communications, Inc. on December 27, 2004. The length of the article is 337 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Mutual fund shareholder sentiment.(Focus: year-end wrap up: banking * finance * insurance)
Publication: Fairfield County Business Journal (Magazine/Journal)
Date: December 27, 2004
Publisher: Westfair Communications, Inc.
Volume: 43Issue: 52Page: 13(1)

Distributed by Thompson Gale ... Read more

Book Description

This digital document is an article from Real Estate Weekly, published by Hagedorn Publication on February 9, 2005. The length of the article is 613 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Your company's address can attract more investors.(mutual fund industry)
Author: Monica Wolfson
Publication: Real Estate Weekly (Magazine/Journal)
Date: February 9, 2005
Publisher: Hagedorn Publication
Volume: 51Issue: 26Page: 8S(1)

Distributed by Thompson Gale ... Read more

Book Description

This digital document is an article from New Statesman (1996), published by New Statesman, Ltd. on March 19, 1999. The length of the article is 905 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Pension funds managed by non-profit mutual societies provide retirees with a more optimistic financial future as compared to the pension reform proposals formulated by policymakers in the UK. The profits gained from investing the pension funds would be returned to the fund and enjoyed by all its members.

Citation Details
Title: Pension funds.(New Mutuals, New ideas, part 2)
Author: Roger Poole
Publication: New Statesman (1996) (Magazine/Journal)
Date: March 19, 1999
Publisher: New Statesman, Ltd.
Volume: 129Issue: 4428Page: XXVII(1)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Mississippi Business Journal, published by Venture Publications on January 26, 2004. The length of the article is 1242 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Mutual fund situation raises a few questions.(Musings)
Author: Nancy Anderson
Publication: Mississippi Business Journal (Magazine/Journal)
Date: January 26, 2004
Publisher: Venture Publications
Volume: 26Issue: 4Page: 5(1)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from ABA Banking Journal, published by Simmons-Boardman Publishing Corporation on June 1, 1993. The length of the article is 14564 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The number of banks offering mutual funds has increased as they try to recapture business lost to brokers and commercial finance companies. In the spring of 1993, approximately 3,500 banks offered one third of all mutual funds sold in the US. While 91% of banks with over $1 billion in assets offered mutual funds, this percentage decreased with smaller banks. Banks do not make as much profit from mutual funds as from loans, but fund popularity and cautious lending policies have lead many banks to offer them. Often money originally in certificates of deposit has been transferred to mutual funds.

Citation Details
Title: How are mutual funds changing banks? A third of all mutual funds are now sold through banks. How is this trend affecting bank profitability, the deposit base, and banks' image? (includes related article on small banks and mutual fund offerings) (Cover Story)
Author: Penny Lunt
Publication: ABA Banking Journal (Refereed)
Date: June 1, 1993
Publisher: Simmons-Boardman Publishing Corporation
Volume: v85Issue: n6Page: p31(6)

Article Type: Cover Story

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Review of Business, published by St. John's University, College of Business Administration on June 22, 1997. The length of the article is 3380 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Several researches have been conducted to test the predictability of mutual fund returns. One study concluded that there is a direct relationship between previous performance and current performance. However, another study concluded that forecasting average and individual fund performances based on prior statistics and data is not very different from random chance. Other studies concurred with the latter findings and suggested that mutual fund returns are subject to a multitude of variables which are not static.

Citation Details
Title: Testing the predictability of mutual fund returns.
Author: Gary A. Walker
Publication: Review of Business (Refereed)
Date: June 22, 1997
Publisher: St. John's University, College of Business Administration
Volume: v18Issue: n4Page: p10(6)

Distributed by Thomson Gale ... Read more

Book Description

This digital document is an article from Mid-Atlantic Journal of Business, published by Stillman School of Business on December 1, 1993. The length of the article is 72817 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Mincer Zarnowitz Efficiency Test (MZET) was found to be an inefficient forecaster of future investment achievement. The MZET was applied to 561 mutual funds' (MF) return performance data from various fund categories for the period 1976-89. Since the MZET methodology only tests for efficient forecasters and not the best forecaster, a successful forecast using MZET should not be looked at as a final determinant in the MF investment decision process.

Citation Details
Title: A note on mutual fund historical performance as a decision criterion.
Author: Theodore Bos
Publication: Mid-Atlantic Journal of Business (Refereed)
Date: December 1, 1993
Publisher: Stillman School of Business
Volume: v29Issue: n3Page: p331(8)

Distributed by Thomson Gale ... Read more