The Power of Passive Investing
A practical guide to passive investing Time and again, individual investors discover, all too late, that actively picking stocks is a loser's game. The alternative lies with index funds. This passive form of investing allows you to participate in the markets relatively cheaply while prospering all the more because the…
Why read it?
2 authors picked The Power of Passive Investing as one of their favorite books. Why do they recommend it?
I’ve bumped into Richard “Rick” Ferri at a few financial conferences. He’s easy to recognize as the guy getting hate stares from across the room. Ferri thinks most financial professionals charge too much – way too much – and he isn’t shy about saying so. One of the reasons he loves passive (index) investing, as I do, is that it can be done at very little cost. If you think you want to be an index investor, but you aren’t sure where to start, I highly recommend this book. It will serve as an excellent pair of training wheels, explaining…
A book that espouses the same principles as John Bogle – namely that ‘low-cost, passively managed index funds and exchange traded funds (ETFs) will outperform the active management’ of speculators, brokers, and fund managers with their higher costs. And, as the sub-title says, these principles require less work. Passive investing also requires less anxiety and less expertise. What’s not to love?
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