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Avg. Customer Rating:(based on 8 reviews) Sales Rank: 75325 Category: Book
Author:David Fry Publisher:Wiley Studio:Wiley Manufacturer:Wiley Label:Wiley Languages: English (Original Language), English (Unknown), English (Published) Media: Hardcover Number Of Items: 1 Pages: 334 Shipping Weight (lbs): 1.2 Dimensions (in): 9.1 x 6.3 x 1.3
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.
Get this book. Then follow his blog and newsletter. October 8, 2008 24 out of 25 found this review helpful
As a private investor and manager for several family offices in the US and overseas, I became a subscriber to Mr. Fry's ETF Digest newsletter back in 1993 by default because initially, even though exchange traded funds were starting to gain popularity as trading vehicles, certainly the brokerage community wasn't ready for ETFs --even till this day. Our financial advisors were earning high commission rates then, and preferred to sell single stocks to their clients instead of something that offered broad diversification in one trade.
That was the start of my ETF education.
Mr. Fry's newsletter and blog have since provided me with the tools and knowledge to be well-positioned to take advantage of trading opportunities presented by today's volatile fast-moving market conditions. Quite simply, a big time bear market is something to be dealt with and not run away from.
His book is a recommended read. I have purchased several, kept one for myself and gave the the rest as gifts to my "Johnnie-come-lately" colleagues who are just now discovering the world of etfs.
The book goes into the history and the mechanics of buying and selling these funds and the different types of ETF portfolio construction strategies and allocations given your experience level and trading style. Even with a good grasp on fundamental trends, there is a lot of technically-based trading in ETF's which he explains in several chapters that's easy to understand and follow. The author shares a lot of his personal market experience with Wall Street especially having created and managed several of his own hedge funds back in the 1980's. Of practical interest to me is the topic of leveraged and unleveraged issues and its issuing providers since these are a regular allocation segment in our current portfolio holdings. The decision is whether to go long, short or levered in one direction or another.
Mr. Fry continues to educate his subscribers and book readers successfully without the BIAS and double-speak that you find with so many other investment book authors and financial bloggers out there.
Finally, there is no substitute for becoming a knowledgeable investor and ultimately a profitable one given the government manipulation of the markets because in the end, no one is going to save you.
Excellent. August 12, 2008 16 out of 17 found this review helpful
I have been a subscriber to Mr. Fry's ETF Digest newsletter for the past 4 years. His insight and commentary have been extremely helpful in guiding me, along with his subscribers, on how to maneuver thru this volatile market minefield. One needs to be nimble and open and those who wish to protect their long-term purchasing power cannot afford to park funds exclusively in CDs and money markets anymore.
Mr. Fry's book provides its readers an education and understanding of the world of ETFs. Highly recommended. Those who understand volatility, market breadth data, and other related subjects and who can combine that information with a fundamental + technical approach have a much greater chance of success than those who ignore market sentiment.
[Regrettably, the lowest mark given by one reviewer is entirely undeserved and marred by an elitist viewpoint. A disservice at best.]
The author's book and blog must be read in tandem. Principal protection must become the primary focus in order to preserve capital to fight another day.
Excellent. July 17, 2008 13 out of 13 found this review helpful
Dave Fry writes about the essential approaches of global macro long/short and aggressive growth strategies in constructing and building your personal hedge fund using ETFs -- one that can take advantage of both bullish and bearish conditions in today's market environment.
Good section on the resources and tools for the novice trader who wants to become more active and market-street savvy.
Chapter 10's discussion on the use of both technical and fundamental approaches, as well as trend following, to achieve the alpha that most investors seek is particularly relevant. Anything exposed to a market has a behavior because of the human element driving the market entity, and TA facilitates in understanding that behavior. Ignoring it is careless.
I highly recommend this book.
Further, his annotated charts and commentary on his Dave's Daily ETF Blog is extremely valuable. I've been following it now for the last two years and he has been right on the money.
His blog is a must read.
A good read. June 19, 2008 23 out of 23 found this review helpful
It has useful nuggets of information for the novice investor as well as some concepts that I believe every professional investor/financial advisor should be aware of in this volatile one world market. The author offers short-term or long-term approaches and methodologies to using ETFs in the construction of your own portfolio. Very helpful and he presented it in a straightforward manner that was easy to read and understand. Not one of those authors that "talks down" to the reader and tries to impress you with their self-inflated and more often these days, highly-conflicted opinions.
Definitely worth a spot on the shelf if you are inclined to read investment books!
A good read. Highly recommended. June 19, 2008 19 out of 19 found this review helpful
I am an avid fan of Mr. Fry's amusing Dave's Daily Blogs especially his excellent technical chart analyses. True to his style, this book is easy-to-read (conversational), easy-to-understand yet has a wide range of learning tools so that the reader develops practical skills that may be used immediately.
Chapter 13's Tool and Resources is an entire chapter in finding technical resources and market information links you can use to get started.
Highly recommended. This is a good choice of book.
