Investing with Exchange-Traded Funds Made Easy, second edition: A Start-to-Finish Plan to Reduce Costs and Achieve Higher Returns, by Marvin Appel (HC, 2008, $2, has some markings.)
You hear about them all the time- Exchange Traded Funds, or ETFs.
So what are they?
Whatever they are, money is flowing out, out, out of mutual funds and into these funds that trade like stock, have less expenses, and are more tax efficient. Or at least the older ones do. Now there are active ETFs, ETFs that are made up only of futures, ETFs that never existed before a minute ago, and exotic ETFs that only invest in stocks having to do with Uncle Charlie's left big toe. In my own opinion, I like the idea of the older ETFs and distrust the new ones, but hey, I have always been an old stick-in-the-mud. Read this book and make up your own mind. Look for this on the new non-fiction table. (9/20) (Later-Ec.)
Note: In this rapidly evolving field, parts of this 2008 book are probably already obsolete.
