Chapter 4. Exchange-Traded Funds—The Most Suitable Investment Vehicles
“The deeper one delves, the worse things look for actively managed funds.”
William Bernstein, The Intelligent Asset Allocator
“Exchange-traded funds probably rank as the most successful financial product of the past two decades.”
Edwin A. Finn Jr., Barron’s, October 19, 2009
Now that we’ve covered the key elements necessary to invest successfully—namely understanding risk and using an investing plan—let’s focus on where to invest your money. Believe it or not, that’s where most investors go wrong. According to the findings of numerous behavioral finance studies, most investors’ stock market performance is worse than the market averages, and their mutual fund ...
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