Index Funds:

The 12-Step Recovery Program for Active Investors

Index Funds: The 12-Step Recovery Program for Active Investors

Mark Hebner is on a mission to change the way the world invests – by replacing speculation with an education. 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. Complete with a foreword by Harry Markowitz, this is a quick, intelligent read and arguably the most artistic book ever written on investing.

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What 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

"… 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

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About the Author

Mark T. Hebner is the Founder and President of Index Fund Advisors, Inc., author of ifa.com and the book, Index Funds: The 12-Step Program for Active Investors - which has received praise from the financial industry and academic legends, including John Bogle, David Booth, Harry Markowitz, Burton Malkiel, and Paul Samuelson.

Mark is considered a leading author, speaker and internet provider of investing education. He is especially knowledgeable about the superiority of index mutual funds, as well as the research indexes designed by financial economists. He earned an MBA at the University of California, Irvine. His mission is to change the way the world invests – by replacing speculation with an education.

Discover the Benefits of Working with an
Index Fund Advisor

Evidence Based Investing

Index Fund Advisors, Inc. (IFA) is a fee-only advisory and wealth management firm that provides risk-appropriate, returns-optimized, globally-diversified and tax-managed index portfolio investment strategies with a fiduciary standard of care.

Founded in 1999, IFA is a Registered Investment Adviser with the U.S. Securities and Exchange Commission that provides investment advice to individuals, trusts, corporations, non-profits, and public and private institutions. Based in Irvine, California, IFA manages individual and institutional accounts, including IRA, 401(k), 403(b), profit sharing, pensions, endowments and all other investment accounts. IFA also facilitates IRA rollovers from 401(k)s and 403(b)s.

What is a
Galton Machine?

1. Risk Capacity

Completing Index Fund Advisors’ Risk Capacity Survey is the first step to deciding which portfolio will generate optimal returns for you.

2. Matching People With Portfolios

IFA matches investors by carefully qualifying and quantifying Risk Capacity and matching it to the Risk Exposure of IFA’s Portfolios.

3. Invest & Relax

Your time is precious. Index Fund Advisors can help maximize your portfolio outcome and free you from the need to focus on your investments -- so you can enjoy more of your life.

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