{"product_id":"create-your-own-etf-hedge-fund-isbn-9780470138953","title":"Create Your Own ETF Hedge Fund","description":"Many investors are intrigued by the profit potential of today’s hedge funds, but most feel like they’re on the outside looking in, due to the high investment requirements and complexity of these vehicles. \u003ci\u003eCreate Your Own ETF Hedge Fund\u003c\/i\u003e allows you to break down these barriers and effectively operate within this environment. By focusing on the essential approaches of global macro long\/short and aggressive growth, this book will help you create a fund that can take advantage of both bullish and bearish conditions across the globe.  Acknowledgments.  \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One. Contemporary Investment Conditions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1. Hobson's Choice.\u003c\/p\u003e \u003cp\u003eCurrent Situation: The Captive Client.\u003c\/p\u003e \u003cp\u003eHow the Investment Business Changed.\u003c\/p\u003e \u003cp\u003eThe Age of the DIY Investor.\u003c\/p\u003e \u003cp\u003eIf You Can't Beat 'Em, Join 'Em.\u003c\/p\u003e \u003cp\u003eBad Apples and Unethical Practices.\u003c\/p\u003e \u003cp\u003eHigh Pressure Environment.\u003c\/p\u003e \u003cp\u003eThe Regulators Crackdown.\u003c\/p\u003e \u003cp\u003eThe Mother of All Mutual Fund Scandals.\u003c\/p\u003e \u003cp\u003eBut Wait, There's More Potential Scandal Ahead.\u003c\/p\u003e \u003cp\u003eClient Rumblings and Grumblings.\u003c\/p\u003e \u003cp\u003eI Still Want Someone Else To Do It.\u003c\/p\u003e \u003cp\u003eReports of My Death Have Been Greatly Exaggerated.\u003c\/p\u003e \u003cp\u003eFuture Area of Growth: Unified Accounts.\u003c\/p\u003e \u003cp\u003eThe Future for Financial Advisors Never Brighter...Maybe.\u003c\/p\u003e \u003cp\u003eTwo Body Blows to Wall Street Fees.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 2. ETFs - The New Investment of Choice.\u003c\/p\u003e \u003cp\u003eDIY Investors Take Charge.\u003c\/p\u003e \u003cp\u003eWhat Took ETFs So Long To Catch On?\u003c\/p\u003e \u003cp\u003eIndexing versus Active Management.\u003c\/p\u003e \u003cp\u003eETFs and Indexing.\u003c\/p\u003e \u003cp\u003eThe ETF Tsunami.\u003c\/p\u003e \u003cp\u003eCurrent Choices.\u003c\/p\u003e \u003cp\u003eNew Quantitative Indexes.\u003c\/p\u003e \u003cp\u003eInternational ETFs.\u003c\/p\u003e \u003cp\u003eInverse ETFs.\u003c\/p\u003e \u003cp\u003eUltra, Leveraged Short, or Long ETFs.\u003c\/p\u003e \u003cp\u003eCommodity and Currency Etfs.\u003c\/p\u003e \u003cp\u003eActively Managed ETFs?\u003c\/p\u003e \u003cp\u003eWith Growth Comes Other Problems.\u003c\/p\u003e \u003cp\u003eA Disruptive Technology Indeed!\u003c\/p\u003e \u003cp\u003eChapter 3. The Rise of Hedge Funds.\u003c\/p\u003e \u003cp\u003eWhat We \u003ci\u003eReally\u003c\/i\u003e Mean By Hedge Fund.\u003c\/p\u003e \u003cp\u003eHot New Sector: Private Equity.\u003c\/p\u003e \u003cp\u003eGrowth of Hedge Funds.\u003c\/p\u003e \u003cp\u003eWho Invests In These Complex Strategies?\u003c\/p\u003e \u003cp\u003eWhy Invest In Hedge Funds Anyway?\u003c\/p\u003e \u003cp\u003eBut Can Retail Investors Participate?\u003c\/p\u003e \u003cp\u003eHedge Fund Disasters.\u003c\/p\u003e \u003cp\u003eTo Regulate or Not.\u003c\/p\u003e \u003cp\u003eHedge Funds Are Here To Stay.\u003c\/p\u003e \u003cp\u003eChapter 4. A Convergence Story.\u003c\/p\u003e \u003cp\u003eMutual Funds, ETFs, and Hedge Funds.\u003c\/p\u003e \u003cp\u003eMutual Funds Adopting Some Hedge Fund Strategies.\u003c\/p\u003e \u003cp\u003eAlternative Investment Strategies in Hedge Funds.\u003c\/p\u003e \u003cp\u003eRydex Investments Leads a Big Change.\u003c\/p\u003e \u003cp\u003ePowerShares Actively Traded ETF.\u003c\/p\u003e \u003cp\u003ePowerShares Private Equity ETF.\u003c\/p\u003e \u003cp\u003eCommodity ETFs Direct.\u003c\/p\u003e \u003cp\u003eCurrency ETFs Direct.\u003c\/p\u003e \u003cp\u003eInverse ETFs Direct.\u003c\/p\u003e \u003cp\u003eNew Margin Rules.\u003c\/p\u003e \u003cp\u003eThe Zero Commission.\u003c\/p\u003e \u003cp\u003eConvergence Well Underway.\u003c\/p\u003e \u003cp\u003eChapter 5. The Bullish Bias Gets a Makeover.\u003c\/p\u003e \u003cp\u003eOther Contributing Forces.\u003c\/p\u003e \u003cp\u003eCommissions Out, Fees In.\u003c\/p\u003e \u003cp\u003eRecurring Fees.\u003c\/p\u003e \u003cp\u003eThe Greenspan and Bernanke Put.\u003c\/p\u003e \u003cp\u003eMoney Supply Shenanigans.\u003c\/p\u003e \u003cp\u003eExcess Liquidity and Stock Buybacks.\u003c\/p\u003e \u003cp\u003eI’m Forever Blowing Bubbles.\u003c\/p\u003e \u003cp\u003eBye Bye Glass-Steagall.\u003c\/p\u003e \u003cp\u003e\"Da Boyz\" and Primary Dealers Merge.\u003c\/p\u003e \u003cp\u003eDoes the Fed or Treasury Manipulate Markets?\u003c\/p\u003e \u003cp\u003eTime to Connect the Dots.\u003c\/p\u003e \u003cp\u003eThe New Robber Barons.\u003c\/p\u003e \u003cp\u003eTwo Jokers in the Deck.\u003c\/p\u003e \u003cp\u003eWhat Bears Are Up Against.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two. Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 6. Market Neutral.\u003c\/p\u003e \u003cp\u003eThe Northwest Quadrant.\u003c\/p\u003e \u003cp\u003eEven Here, Risks Remain.\u003c\/p\u003e \u003cp\u003eETFs and Market Neutral Strategies.\u003c\/p\u003e \u003cp\u003eAlpha Strategies.\u003c\/p\u003e \u003cp\u003eMarket Neutral Mutual Funds.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 7. Global Macro.\u003c\/p\u003e \u003cp\u003eLTCM Blows Up.\u003c\/p\u003e \u003cp\u003eGunslingers.\u003c\/p\u003e \u003cp\u003eThink Global, Invest Global.\u003c\/p\u003e \u003cp\u003eTrade Global.\u003c\/p\u003e \u003cp\u003eSo You Wanna Be a Gunslinger Too?\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 8. Doing It Their Way.\u003c\/p\u003e \u003cp\u003eSelected \"Trader\" Profiles.\u003c\/p\u003e \u003cp\u003eSelected \"Stock Pickers\" Profiles.\u003c\/p\u003e \u003cp\u003eSelected \"Distressed Securities\" Profiles.\u003c\/p\u003e \u003cp\u003eSelected \"Quantitative\" Profiles.\u003c\/p\u003e \u003cp\u003eOther Famous Hedge Fund Practitioners.\u003c\/p\u003e \u003cp\u003eInsider Trading Building Performance?\u003c\/p\u003e \u003cp\u003eSo if it's a Game for the Big Boys, How Can We Play?\u003c\/p\u003e \u003cp\u003eChapter 9. Trading...Do I Have To?\u003c\/p\u003e \u003cp\u003eOne True Thing.\u003c\/p\u003e \u003cp\u003eMarket Timing Myths and Realities.\u003c\/p\u003e \u003cp\u003eThe Lazy or Passive Investor: No Single Strategy Always Performs Best.\u003c\/p\u003e \u003cp\u003eThe Lazy Hedge Fund Investor: The Do-Nothing Crowd.\u003c\/p\u003e \u003cp\u003eMerrill and Goldman Try To Shake Things Up: Can Passive Indexes Destroy Fees?\u003c\/p\u003e \u003cp\u003eDay Trading: Frenetic and Intense.\u003c\/p\u003e \u003cp\u003eShorting Explained: To Go North, Head South.\u003c\/p\u003e \u003cp\u003eQuantitative Trading: Reserved for the Left Brain Crowd.\u003c\/p\u003e \u003cp\u003eMultistrategy: All Things to All People.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three. Hedge Funds for the Rest of Us.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10. Lower Risk Global Macro Long\/Short Strategies.\u003c\/p\u003e \u003cp\u003eThe ETF Digest Methodology.\u003c\/p\u003e \u003cp\u003eOverwhelmed.\u003c\/p\u003e \u003cp\u003eFast Forward 35 Years.\u003c\/p\u003e \u003cp\u003eTrend Following.\u003c\/p\u003e \u003cp\u003eRisk Management.\u003c\/p\u003e \u003cp\u003eThe Two-Thirds Objective.\u003c\/p\u003e \u003cp\u003eFinding Your Sacred Cows.\u003c\/p\u003e \u003cp\u003eETFs Provide the Tools for Implementing Global Macro Long\/Short Strategies.\u003c\/p\u003e \u003cp\u003eThe Trick Is Putting Them Together.\u003c\/p\u003e \u003cp\u003eChapter 11. Constructing Your Own ETF Hedge Fund.\u003c\/p\u003e \u003cp\u003eTypical Questionnaire.\u003c\/p\u003e \u003cp\u003eLong-Term Investor or Short-Term Trader.\u003c\/p\u003e \u003cp\u003eAwash in ETF Choices.\u003c\/p\u003e \u003cp\u003ePerformance Myths and Realities of Style.\u003c\/p\u003e \u003cp\u003eOne World Market.\u003c\/p\u003e \u003cp\u003eTrue Diversification.\u003c\/p\u003e \u003cp\u003eShorting Essentials.\u003c\/p\u003e \u003cp\u003ePortfolio Reallocation.\u003c\/p\u003e \u003cp\u003eActively Managed ETFs and Mutual Fund Posers.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 12. ETF Hedge Fund Portfolios.\u003c\/p\u003e \u003cp\u003eLong-Term or Short-Term Approach.\u003c\/p\u003e \u003cp\u003eAggressive Growth.\u003c\/p\u003e \u003cp\u003eGrowth.\u003c\/p\u003e \u003cp\u003eGrowth and Income.\u003c\/p\u003e \u003cp\u003eDave's Special Portfolio.\u003c\/p\u003e \u003cp\u003eETF Substitutes.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 13. Tools and Resources.\u003c\/p\u003e \u003cp\u003eWhere to Get the Help You Need.\u003c\/p\u003e \u003cp\u003eOnline Tools.\u003c\/p\u003e \u003cp\u003eImportant Tools I Like.\u003c\/p\u003e \u003cp\u003eMarket Information Resources.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eChapter 14. Eight Steps To Building Your ETF Hedge Fund.\u003c\/p\u003e \u003cp\u003eStep 1. Define Yourself.\u003c\/p\u003e \u003cp\u003eStep 2. Develop Your Hedge Fund Strategy.\u003c\/p\u003e \u003cp\u003eStep 3. Use ETFs as the Primary Tool.\u003c\/p\u003e \u003cp\u003eStep 4. Using Mutual Funds as an Alternate Vehicle.\u003c\/p\u003e \u003cp\u003eStep 5. Get Help, Even if You're a DIY.\u003c\/p\u003e \u003cp\u003eStep 6. If You Want To Use a Financial Advisor, Find the Right One.\u003c\/p\u003e \u003cp\u003eStep 7. DIYs Need an Online Broker.\u003c\/p\u003e \u003cp\u003eStep 8. Find the Support Tools You Need.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003eDavid H. Fry is founder of ETF Digest, a leading newsletter web site (www.etfdigest.com) for active traders and investors involved with ETFs. He founded ETF Digest in 2001 and was among the very first to see the need for a pulication that provided extensive information and advice on ETF investing. Fry has devoted over thirty years to the business of trading and portfolio management. His registration as an arbitrator with both the National Association of Securities Dealers(NASD) and the National Futures Association (NFA) attests to his extensive experience and spotless compliance record.\u003c\/p\u003e   \u003cp\u003eIndividual 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.\u003c\/p\u003e \u003cp\u003eAuthor 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.\u003c\/p\u003e \u003cp\u003eMany investors are intrigued by the profit potential of today's hedge funds, but most feel like they're on the outside looking in—due 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:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eDemystifying hedge funds and explaining why they're so popular\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDetailing the number and type of current, new, and proposed ETFs, which can enhance your investment returns\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eOutlining real portfolio construction techniques, which are easy to understand and implement\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAnd much more\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnlike other hedge fund resources, however, this book doesn't discuss riskier exotic strategies. Instead, it focuses on essential approaches—global macro long\/short and aggressive growth—that 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.\u003c\/p\u003e \u003cp\u003eDivided 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.\u003c\/p\u003e \u003cp\u003eStructuring 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.\u003c\/p\u003e  \u003cp\u003eCreate Your Own ETF Hedge Fund\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —William J. Ray, Professor of Psychology, Penn State University\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —Greg Newton, former president of MARHedge Fund Newsletter and current Publisher of NakedShorts\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —Michael Sapir, CEO, ProShares\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989000306917,"sku":"NP9780470138953","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470138953.jpg?v=1761782379","url":"https:\/\/k12savings.com\/es\/products\/create-your-own-etf-hedge-fund-isbn-9780470138953","provider":"K12savings","version":"1.0","type":"link"}