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

 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
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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 Impressionist Artist Lala Ragimov.
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 Backtested Performance Info
 

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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.

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