- ISBN13: 9780470138953
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Many investors are intrigued by the profit potential of today’s hedge funds, but most feel like they’re on the outside looking in, due to the high investment requirements and complexity of these vehicles. Create Your Own ETF Hedge Fund allows you to break down these barriers and effectively operate within this environment. By focusing on the essential approaches of global macro long/short and aggressive growth, this book will help you create a fund that can take advantage of both bullish and bearish conditions across the globe…. More >>
Create Your Own ETF Hedge Fund: A Do-It-Yourself ETF Strategy for Private Wealth Management
The book contains a lot of useless filler, there’s very little on constructing an actual portfolio and heavy emphases on technical indicators (which always work better “after the fact” ) I would recommend books published by the CFA Institute if you’re seriously interested in furthering your knowledge in this field . This book was a complete waste of time and money.
Good Luck ! Rating: 1 / 5
There are many reasons I strongly recommend against this book, including factual mistakes, frequent typos, frequent repetition, and little practical value.
I read the book cover to cover, which is to say I read most things 2 or 3 times. The author repeated, verbatim, numerous passages in different chapters. In addition there were numerous typos, incorrect words, and other proofreading mistakes.
Factually speaking, the author incorrectly explains correlation – confusing negative (or inverse) correlation with non-correlation. There is also an inexplicable gaps in his research: In one section (and probably repeated elsewhere), the author discusses short selling ETF’s, but notes that it may be difficult to do so. He noted that “ETrade has stated that if you call them…they will [find a way to sell an ETF short). They say it’s done routinely, but I haven’t put them to the test.” Really? He goes to that much trouble to explain the only way he mentions you might sell ETFs short, but didn’t have enough time to make ONE phone call to confirm or refute this?
There is a lot of background on the hedge fund industry, trading, fund approaches, major players, etc. It’s somewhat repititive, but probably good background for most.
From a practical perspective, he dedicates only a small portion of the book to actually contstrucing an ETF Hedge fund, half of which is essentially a plug for his subscription ETF newsletter. Assuming the newsletter is useful, I’m guessing that is a much more valuable than this book. Rating: 2 / 5
This is an interesting read based on the author’s extensive hands-on experience and in-depth knowledge of the wily ways of Wall St. But it has precious little to do with the actual rigorous analytical process of creating your own ETF hedge fund! I am, in fact, surprised and disappointed that Wiley Finance (publisher) didn’t suggest a more appropriate title.
Rating: 1 / 5
I was a bit disappointed in the book, as I am a devoted reader of David’s blog. I found the book to be a bit short on substance and lacking the incisive commentary exhibited in the blog. Rating: 3 / 5
Invest in yourself through education by getting this book.
At least if you fail, you did it and not an incompetent money manager driving a Ferrari you helped pay for.
I used a lot of inverse ETFs in my portfolio and protected myself from the 40% maul from Bear last year.
I would NOT have achieved this by following ‘Buy and Hold’. Dave’s book has given me an education on ETFs and his sage counsel from his newsletter and blog are a must for keeping my investing sanity and portfolio holdings intact. That’s worth 5 stars in my book!
Rating: 5 / 5