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Best ETF Investing Books
Best books on ETF investing on Amazon. 2024 highest rated and top selling ETF investing
books to read for ETF investors.
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Best ETF investing book - The ETF Handbook: How to Value and Trade Exchange Traded Funds, by David J. Abner
Written primarily for professional financial advisors and institutional investors, The ETF Handbook takes a comprehensive look at the hybrid investment class that is called an Exchange Traded Fund. Structured like mutual funds, but tradable like stocks, ETFs are an excellent tool for money managers and professional traders that can be used to hedge risks, closely track popular indices, and provide diversification and flexibility combined with low costs.
The material here is for advanced traders who fully understand the stock and bond markets and want to better understand aspects of ETFs such as pricing and valuation techniques, how to position ETFs within a portfolio, and who uses ETFs and how they utilize them.
The author is a professional ETF trader with more than 20 years experience at companies such as Bear Stearns, BNP Paribas, and Wisdom Tree.
Review
The ETF Handbook is divided into four parts that describe the different structures of exchange traded products, show how to calculate the fair value for ETFs, explore many trading techniques used by professional traders, and offer recommendations on where to find essential data related to ETFs.
In other words, this is a detailed look at a complex investment vehicle and is not designed for the casual individual investor. Abner's writing style is clear and concise but necessarily a bit dry due to the subject matter. He proceeds logically, breaking down an ETF into its components and showing how a typical ETF is constructed, then discusses the different types of ETFs (Notes vs. Funds, for example), investigates the legal requirements for bringing an ETF to market, and compares ETFs to closed-end funds (CEFs) and mutual funds.
Especially helpful are the lists of resources regarding ETFs, including which companies market and administer ETFs and a thorough listing of websites devoted to ETFs in some way or another. One small oversight is in Appendix D. It would have been helpful to list the ticker symbols for each ETF in the list that was actively trading for quicker reference and further study by readers. Abner's look into the history and future of ETFs is worth reading since innovation in investment vehicles is constant and we must assume that new variations will come along eventually.
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Best ETF investing book - Investing Made Simple: Index Fund Investing and ETF Investing Explained in 100 Pages or Less, by Mike Piper
This is a book for the beginning individual investor who wants to understand the basics of investing in today's markets, with a bias away from individual stocks and bonds. The advantages of Exchange Traded Funds (ETFs) and index funds—two of the more popular investment vehicles today—are highlighted.
Written in plain English and light on technical minutiae, Investing Made Simple will show you how to pick mutual funds, assess financial advisors, avoid the most frequent investor mistakes, and understand asset allocation. Retirement planning is discussed, including comparing Roth IRAs with Traditional IRAs and 401(k's) as well as how to calculate your financial requirements during retirement.
Review
At 100 pages, Investing Made Simple will not show you how to beat the markets consistently, and it won't tell you every key fact and strategy you need to know to understand the complex world of Wall Street finance. It will give you a solid foundation on the basics of two of the most popular investments used today by the typical investor: ETFs and index mutual funds.
Piper writes in plain English and the book is laid out in a logical sequence. The Simple Summaries at the end of each chapter are useful to highlight the key points he discusses in each chapter. Unfortunately, the book's brevity is a negative as well as a positive, since the topics are complicated and can't be fully explained in a few pages. However, Investing Made Simple may be a good starter book for a young investor fresh out of college and wanting to begin investing in the markets.
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Best ETF investing book - The Ultimate Guide to Trading ETFs: How to Profit From the Hottest Sectors in the Hottest Markets All the Time, by Don and Caroline Dion
With ETFs flooding the investing markets in recent years, The Ultimate Guide to Trading ETFs will help readers understand and decipher the complex world of Exchange Traded Funds. More and more individuals and institutions are utilizing ETFs in their portfolios, and this book will give readers the tools to build a portfolio of ETFs that meets their particular investment requirements.
All types of ETFs are discussed, including domestic stock and bond funds, commodity funds, international funds, real estate funds, and in particular, index funds. Evaluating ETFs is covered along with asset allocation strategies for all types of investors. Useful appendices discuss tax issues with ETFs, model portfolios, and an ETF ranking system.
Review
Any book with "ultimate" in the title suggests being completely comprehensive in the subject matter, but this book can't be the ultimate guide in only 200 or so pages. Nevertheless, it's a useful reference for understanding ETFs and how to incorporate them into an investment portfolio.
The authors' credentials are solid, and they don't appear to be selling themselves or a product to the reader, so the book doesn't come across as a "how to get-rich-quick" publication. However, the title implies that the book has some formula or secret for beating the markets with some special trading method. That's not the case. Only general asset classes of ETFs are discussed and no secrets are divulged other than tried and true rules about diversifying and using asset allocation to avoid large losses and spread risk among different asset classes.
More discussion of leveraged ETFs—funds that track a particular index but are structured to be two or three times as volatile as the underlying index—would have been helpful since naïve investors can easily be swayed by spectacular short-term gains in some leveraged ETFs.
The book's layout is good, and the language is clear and easy enough to follow, which makes a complex topic easier to comprehend. This is a good intermediate book for understanding ETFs.
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