9781119118473

1119118476

1119118468

9781119118466

9781119118466

9781119118480

1119118484

Chapter 9 The Advantages of Exchange-Traded FundsThe Benefits of ETFs; In-Kind Transfers; The Risks of ETFs; Securities Lending Policies; Notes; Chapter 10 The Triumph of Low-Cost Investing: How Paying Less Gets You More; Fooled by Randomness; A Triumph of Marketing over Results; Notes; Chapter 11 Learning from Nobel Prize Winners; Milton Friedman, 1976; James Tobin, 1981; Harry Markowitz, 1990; William Sharpe, 1990; Daniel Kahnemann, 2002; Eugene Fama and Robert Shiller, 2013; Chapter 12 The Costs of Being Active; The Cost of Closet Indexing; The Other Costs of Active Management; Notes

Chapter 13 The Greatest Mistakes Made by Novice InvestorsStarting Saving Too Late; Are You Using Tax Shelters Effectively?; Are You Taking Advantage of 401(k) Matching If Available?; Are You Diversified Internationally?; Are You Chasing Returns?; Are You Overpaying in Fees?; Are You Tracking the Right Index?; Do You Trade Too Much?; Chapter 14 Tilts and Other Ways to Help Long-Term Performance; History of Market Thought; Data Mining; Debunking Strong-Form Market Efficiency; Rationality; The January Effect; Sell in May and Go Away; Momentum; Value; Small Cap; Quality

Longer-Term Mean ReversionAssessing Tilts in a Portfolio Context; Notes; Chapter 15 Establishing a Tax-Efficient Portfolio; Tax Shelters; Tax Efficiency for Retirement; Tax Efficiency for College; Tax Efficiency for Giving; Tax-Efficient Asset Placement; Tax Loss Harvesting; Offsetting Gains with Losses; The Principal of Tax Deferral; How Tax Loss Harvesting Works; Challenges of Implementing Tax Loss Harvesting; Conclusion; Chapter 16 The Value of Rebalancing and Glidepaths; Rebalancing Keeps a Portfolio on Course; Tiered Rebalancing; Glidepaths; Notes; Chapter 17 How to Manage a Market Crash