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

A complete investor education program and the treatment-of-choice for active investors. After you have completed the program, you will be prepared to invest and relax. Click on the 12-Step icons to go to that step and the 20 Portfolio icons to review the index portfolios.
Mark Hebner Lectures on the 12-Steps
12-Step Program Overview
Preface
Short Book on Investing
About the Author
Musical Interpretation by Paul Boyer
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
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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
           
IFA is looking for help with a Chinese translations. IFA will pay $150 to translators of the 12-Step Overview (see English version) for any languages we have not completed. Please email us if you would like to help us change the way the world invests.
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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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.)

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