The Power of Passive Investing: More Wealth with Less Work
Filled with in-depth insights and expert advice, this reliable resource offers practical guidance on creating a sound, long-term investment plan—within a framework of controlled risk—and helps clarify and quantify the purpose of investing along the way. Containing dozens of historical studies covering several decades and financial markets, it will clearly show you how passive investors who buy the market will capture better results than most active investors who try to beat the market.
Divided into three comprehensive parts, The Power of Passive Investing:
- Tracks the passive versus active debate from its beginnings early in the twentieth century to today and explores the advantages of investing in individual index funds and ETFs over individual actively managed funds
- Focuses on portfolio decisions and investor behavior and looks at some of the reasons more people haven’t put the power of passive investing to use yet
- Discusses the purpose of investment policy and makes the case for passive investing in terms of four different groups: individual investors and their families; trustees of charities and private accounts; pension trustees and those who select investment options for employer-sponsored pension plans; and professional investment advisors
Attempting to earn above-market returns with a portfolio of actively managed funds is both a waste of time and money. A well-designed, passive investment approach that utilizes index funds and ETFs has the highest probability of meeting your financial goals and is the most prudent choice for your money. The Power of Passive Investingwill show you why this is true as well as how this approach can work for you.
Praise For The Power of Passive Investing
Rick Ferri has done investors a great favor by collecting in one place the consistently overwhelming evidence that index funds keep beating active funds. The only remaining problem for ‘passive’ investing is the name. Why don’t we all agree on a single change and call indexing success investing?
-Charles D. Ellis, bestselling author of Winning the Loser’s Game and The Elements of Investing