Exchange-Traded Funds For Dummies

Diversify your investments with today's fastest growing financial product Exchange-traded funds (ETFs) offer access to a range of investments in a single trade, are usually less volatile than individual stocks, cheaper than most managed funds and more tax-effective. But how do you pick the one that's right for you? This straightforward book helps you weigh up your options, build an effective portfolio and maximise your profits.Get to know the major players in Australia and New Zealand – find a broker, open an account and familiarise yourself with suppliers and indicesUnderstand risk control and diversification – learn the importance of a diversified, lowly correlated portfolio, and how ETFs can help you achieve thisInvest smartly in commodities and precious metals – tap into the returns offered by the Australian mining boomManage small-cap, large-cap, sector and international investments – take advantage of returns in local markets and invest directly in US-listed ETFsAdd bonds, REITs and other ETFs – secure consistent yields and add property to your investment portfolioWork non-ETFs into your investment mix – improve returns through careful selection of active managed fundsFund your retirement years – determine how much you need for retirement, and how ETFs can get you thereOpen the book and find:Advice on choosing ETFs over options, CFDs and warrantsSample portfoliosTips on revamping your portfolio based on life changesHow to avoid mistakes that even experienced investors makeForecasts for the future of ETFs in Australia and New ZealandA complete listing of Australian and New Zealand ETFsGreat online resources to help you invest in ETFsLearn to:Diversify your investment portfolioLower your investment costs and reduce your tax liabilitiesTake advantage of Australia's mining boom by investing in commoditiesInvest in international markets