- 12-Steps:
- Step 1
- Active Investors
- Pages
- Quotes
- 1.1 Introduction
- 1.2 Definitions
- 1.3 Problems
- 1.3.1 Active Investors are Everywhere
- 1.3.2 Active Investors are Gamblers
- 1.3.3 Active Investors Lose
- 1.3.4 The Poor Accounting of Active Investors
- 1.3.5 Stock Market Prices are Random
- 1.3.6 Stock Markets are Efficient
- 1.3.7 When Risk Capacity is not Matched with Risk Exposure
- 1.3.8 The High Cost of Turnover
- 1.3.9 The Emotional Stress of Active Investing
- 1.3.10 More than 1,500 Investors can be Wrong
- 1.4 Solutions
- 1.5 Summary
- 1.6 Review Questions
- Print Version [PDF]
- Buy the Book
- Backtested Disclosures
- Step 2
- Nobel Laureates
- Pages
- Quotes
- 2.1 Introduction
- 2.2 Definitions
- 2.3 Problems
- 2.4 Solutions
- Nobel Laureates and Academics
- Alfred Nobel
- Blaise Pascal
- Edmund Halley
- Adam Smith
- Louis Bachelier
- Alfred Cowles
- Harry Markowitz
- James Tobin
- Frank Modigliani
- Merton Miller
- William Sharpe
- Paul Samuelson
- Eugene Fama
- Michael Jensen
- Rex Sinquefield
- Burton Malkiel
- John Bogle
- David Booth
- Kenneth French
- Who Should You Trust?
- Market Forces
- 2.5 Summary
- 2.6 Review Questions
- Print Version [PDF]
- Buy the Book
- Backtested Disclosures
- Step 3
- Stock Pickers
- Pages
- Quotes
- 3.1 Introduction
- 3.2 Definitions
- 3.3 Problems
- 3.3.1 Why Stock Pickers Fail
- 3.3.2 The Stock Picker’s Graveyard
- 3.3.3 Incubator Funds
- 3.3.4 Studies and Observations that Show the Daunting Odds of Stock Picking
- 3.3.5 Stock Pickers and Coin Flippers
- 3.3.6 Stock Pickers are Focused on Short Term
- 3.3.7 Stock Pickers are Style Drifters
- 3.3.8 Stock Pickers are Looking for a Needle in a Haystack
- 3.3.9 Stock Pickers Play a Zero Sum Game
- 3.3.10 Stock Pickers in International Markets
- 3.3.11 Stock Pickers in Small-Cap Markets
- 3.3.12 Stock Pickers Pay More Taxes
- 3.3.13 Stock Picking Gurus and Their Real Records
- 3.3.14 Stock Pickers Don’t Want You to Know the Truth
- 3.4 Solutions
- 3.5 Summary
- 3.6 Review Questions
- Print Version [PDF]
- Buy the Book
- Backtested Disclosures
-
Step 4
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Step 5
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Step 6
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Step 7
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Step 8
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Step 9
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Step 10
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Step 11
- Risk Exposure
- Pages
- Quotes
- 11.1 Introduction
- 11.2 Definitions
- 11.3 Problems
- 11.4 Solutions
- 11.4.1 Twenty Index Portfolios
- 11.4.2 Index Mutual Funds Earn more Return and Eliminate more Risk
- 11.4.3 The Most Efficient Funds on the Market
- Small Cap Strategy
- U.S. Small-Cap Strategy
- U.S. Micro-Cap Strategy
- Value Strategies
- U.S. Small-Cap Value Strategy
- U.S. Large-Cap Value Strategy
- Real Estate Securities Strategy
- U.S. Large Company Strategy
- Developed International Markets
- Emerging Markets
- Fixed Income
- 11.4.4 Are Commodities Worth the Risk?
- 11.4.5 Matching People with Portfolios
- Index Portfolios
- Portfolio 100 - Bright Red
- Portfolio 95 - Yellow
- Portfolio 90 - Gold
- Portfolio 85 - Orange
- Portfolio 80 - Purple
- Portfolio 75 - Dark Blue
- Portfolio 70 - Dark Teal
- Portfolio 65 - Dark Green
- Portfolio 60 - Green
- Portfolio 55 - Olive
- Portfolio 50 - Sea Green
- Portfolio 45 - Teal
- Portfolio 40 - Aqua
- Portfolio 35 - Sky Blue
- Portfolio 30 - Pale Blue
- Portfolio 25 - Ice Blue
- Portfolio 20 - Light Turquoise
- Portfolio 15 - Light Green
- Portfolio 10 - Light Yellow
- Portfolio 5 - Ivory
- Data Sources
- Asset Class Time Series
- 11.5 Summary
- 11.6 Review Questions
- Print Version [PDF]
- Returns Calculator
- Portfolio Simulator
- Comparison Charts
- Backtested Performance Data
- IFA Indexes
- Buy the Book
- Backtested Disclosures
-
Step 12
- Invest and Relax
- Pages
- Quotes
- 12.1 Introduction
- 12.2 Definitions
- 12.3 Problems
- 12.3.1 Active Investors Procrastinate
- 12.3.2 Active Investors "Go It Alone"
- 12.3.3 The Media Wants Investors to Worry
- Invest in Index Mutual Funds
- Asset Allocation
- Minimization of Investment Costs
- Minimization of Taxes
- Reliable Investment Performance
- A Simple and Understandable Investment Strategy
- An Easier Way to Track Investment Performance
- Increased Leverage
and Compounding
of Investment Wealth - Invest like Institutional Investors
- 12.4 Solutions
- 12.5 Summary
- 12.6 Review Questions
- Print Version [PDF]
- Buy the Book
- Chat with an Advisor
- Open an Account
- Fee Page
- Your Schwab Account
- Your Fidelity Account
- IFA Client Login
- Retirement Plans
- About Us
- Contact Us
- Network Members
- Backtested Disclosures
