Start the 12 Steps by going to Step 1: Page Page 1

Introduction to Index Funds: The 12-Step Program for Active Investors


Introducing the New IFA Condensed and Updated Small Book, Index Funds: The 12-Step Recovery Program for Active Investors

The "Go-To" Handbook On Intelligent Investing

Mark Hebner is on a mission to change the way the world invests - by replacing speculation with education. His new book is a condensed, updated and revised version of his original Index Funds book. This small, compact, 5” x 7”, 318-page handbook on intelligent investing addresses the financial behaviors of investors, the pitfalls of active investing, and the benefits of passive investing with index funds. This little gem packs hard data, visually attractive charts and graphs with more than 60 original oil paintings, nearly 40 unique portraits, and more than 120 color graphics, many portraying 83 years of historic data.  This colorful and graphically pleasing book, complete with a Foreword by Harry Markowitz, is a quick, intelligent read and arguably the most artistic book ever written on investing.

E-book available for Kindle,
iBook, and Nook.

Book_Kindle
Kindle 		Book_iBook
iBook 		Book_Nook
Nook

 

What The Experts Are Saying

"Hebner gives us good advice presented in a very appealing manner. Index Funds remains one of the most valuable investment guides available."

— Burton G. Malkiel, Ph.D.
Professor of Economics, Princeton University and author of A Random Walk Down Wall Street, Tenth Edition, 2011


"It is really beautiful and really well done. I plan to use it as a reference guide."

— David G. Booth
Chairman and Co-Chief Executive Officer,
Dimensional Fund Advisors, Inc., Benefactor of the University of Chicago Booth School of Business


"... as this book documents so well, a foolish attempt to beat the market and get rich quickly will make one's broker rich and oneself much less so."
—Harry Markowitz, Ph.D.
Nobel Laureate in Economics, Professor of Economics at the University of California at San Diego, Rady School of Management


"This book is WONDERFUL!"
— Theodore R. Aronson
Founder of Aronson Johnson Ortiz, Institutional Investment Manager

 

 A complete investor education program, the treatment-of-choice for active investors and a rehab for tradeaholics and stockaholics. After you have completed the program, you will be prepared to invest and relax. The multimedia presentations below are several explanations of the 12-Step Program that cures active investors.
A few related links:
12-Step Program Overview
Preface to the 12-Steps
Short Book on Investing
About the Author
Musical Interpretation by Paul Boyer


A Presentation by Mark Hebner summarizing the 12-Steps - Print Version    (URL Link)


Index Funds: The 12-Step Program for Active Investors Music Video (35 mins)

Mark Hebner gives a lecture on the 12-Step Program for Active Investors


The IFA Podcast Series - An Interview of Mark Hebner

IFA Radio Programs on the 12-Step Program to Cure Active Investors

Miscellaneous Videos on Passive Investing
Loading...
  More YouTube Videos

On average, about 100% of portfolio return level is explained by the index funds allocation. (see 1, 2) - STOCK MARKETS ARE RANDOM AND EFFICIENT (please read the links.)

How and Why Free Markets Work: Stock markets throughout the globe have a history of rewarding investors for the capital they supply to those who engage in capitalism (about 9% per year over 83 years, with a Std. Dev. of 20%). Companies, inclusive of their shareholders, compete with each other for liquidity and investment capital, and millions of investors compete with each other to find the most attractive returns. This competition quickly drives prices to fair value, ensuring that no investor can expect greater returns without bearing greater risk. This means that returns are the result of risk compensation and not the result of price speculation. Market prices were meant to be free, not managed. Risk is all you can manage. Returns from price changes are random and therefore not predictable or manageable in the near term. In diversified portfolios, over the long term (about 10 years), investors are appropriately rewarded for the risks they take. This is due to the time diversification of short term returns. Invest in risk-appropriate investments and relax. Capitalism Incorporated is the ultimate investment for your capital. (More on How the Market Works)

The 12-Step Program Overview in Multiple Languages
Japanese
Japanese		 Korean
Korean

Simplified Chinese
Traditional Chinese		        
Choose from the following links to view larger images and get backgrounds for your desktop/screen savers of these beautiful oil paintings by Russian Artist Lala Ragimov.
Start the 12 Steps by going to Step 1: Page Page 1
Call or Email
Index Funds Advisors, Inc. All rights reserved.
 Backtested Performance Info
 
This site is for the use of clients and potential clients of Index Funds Advisors, Inc. and the IFA Network Members. It is not to be used by any other investment advisor or investment professional as an information/marketing materials source, asset allocator, risk capacity or risk tolerance assessment, or for any other purpose. If your financial advisor is using this site without a license from Index Funds Advisors, Inc., they are violating our copyright and their ethics are highly in question. The right to download, store and/or output any material on this internet site, or the Index Funds: The 12-Step Recovery Program for Active Investors book or eBook, is granted for viewing use only and this grant only applies to clients and potential clients of Index Funds Advisors, Inc. and the IFA Network Members. Reproduction or editing by any means, mechanical or electronic, in whole or in part, without the express written permission of Index Funds Advisors, Inc. is strictly prohibited and subject to prosecution under U.S. and International copyright and trademark laws.

DISCLAIMER: THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY LINKED INTERNET SITE. At certain places on this Index Funds Advisors Internet site, live 'links' to other Internet addresses can be accessed. Such external Internet addresses contain information created, published, maintained, or otherwise posted by institutions or organizations independent of Index Funds Advisors. Index Funds Advisors does not endorse, approve, certify, or control these external Internet addresses and does not guarantee or assume responsibility for the accuracy, completeness, efficacy, timeliness, or correct sequencing of information located at such addresses. Use of any information obtained from such addresses is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference therein to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by Index Funds Advisors.Your use of this site is acknowledgment that you have read and understood the full disclaimer. Past performance does not guarantee future results.

WARNING: Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any mutual fund, index or actively managed, does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. Actively managed funds sometimes outperform index funds. You just don't know in advance which actively managed fund will outperform the appropriate index. Just because a mutual fund is an index mutual fund, it does not guarantee a performance superior to an actively managed mutual fund. There are no absolute guarantees in investing. When reviewing any backtested performance information on this internet site, please read the Disclosure for Backtested Performance Information (click here to read the Disclosure for Backtested Performance Information.) For a copy of the Index Funds Advisors, Inc. Privacy Policy, click here.

  • IFA
  • IFA_tv
  • IFA_401k
  • IFA_YouTube
  • IFA_iTune
  • IFA_Vimeo
  • IFA_Facebook
  • IFA_Twitter
  • IFA_Mobile
  • Book_Amazon
  • Book_Kindle
  • Book_iBook
  • Book_Nook

Index Funds Advisors, Inc.    
Index Funds Advisors, Inc. — 19200 Von Karman Ave., Suite 150  —  Irvine, CA 92612  
Call Toll Free: 888-643-3133 — Local Phone: 949-502-0050  —  Fax: 949-502-0048 — Email:
For several other offices and representative locations, see About Us.