Maeda's guide to exchange traded funds presents a compelling argument for ETFs as an alternative to other corporate investment strategies like mutual funds. The work reads like a chapter to chapter reference manual detailing the history of ETFs, their advantages, composition, and how individual funds line up with the market indexes they track. Though the author is a strong proponent of exchange traded funds, she maintains a level of thoroughness and impartiality that makes her work a valuable resource for evaluating ETFs as an investment strategy.
The book contains a wealth of information relevant to investors already familiar with corporate investment strategies. The opening chapters detail exactly what an ETF is and how they can often provide a more attractive investment than mutual funds due to lower costs and less room for human error. In fact, much of the first few chapters is dedicated to how ETFs provide a a more satisfying investment because they follow market norms more accurately than other types of mutual funds. Maeda goes to great lengths to point out the major advantages that would attract the interest of seasoned investors, namely lower tax liabilities, lower costs for trading shares, and much higher transparency than more traditional mutual funds can offer. Her analysis is both thorough and compelling enough to assuage the reservations of many discerning readers who will likely find ETFs a beneficial addition to their portfolios.
With the level of detail provided by Maeda's work, it would be understandable to assume that it would be too inaccessible for beginning investors simply looking to explore their options. Thankfully, this is not the case. Each chapter is laid out simply and easily so that a reader can review what information is relevant to them and move on. The author also provides comprehensive charts of the most critical information for easy reference. In fact it was often these charts that helped solidify the more extensive explanations contained earlier in the chapters, and would likely provide an excellent quick reference for novices and advanced investors alike. These provisions make The Complete Guide to Exchange Traded Funds a wonderful book to pick up and grow with as your investment strategy becomes more complex.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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