|About the Book|
The advent of exchange-traded funds, or ETFs, was nothing short of a financial revolution when the first one debuted in 1993. Able to trade baskets of financial instruments with the ease, transparency, and certainty of trading a single stock, ETFsMoreThe advent of exchange-traded funds, or ETFs, was nothing short of a financial revolution when the first one debuted in 1993. Able to trade baskets of financial instruments with the ease, transparency, and certainty of trading a single stock, ETFs rapidly attracted investor interest, and today the over 900 ETFs boast nearly $1 trillion in assets. The sector is one of Wall Street’s most successful innovations.Taking advantage of the diversity in ETF offerings now as well as the myriad ways in which they can be used in portfolio strategy, Leeb’s Cash Cow is designed to give investors everything they need in order to capitalize on the deep, long-term trends we see developing in the markets and the global economy. And there is plenty to consider. Chindia continues its inexorable rise to economic domination, having game-changing effects on commodities and raw materials the world over. The U.S. economy continues to sputter halfway between first and second gear, keeping our stock market in a holding pattern, while fiscal stimulus debases the U.S. dollar and sends gold to record prices. In the meantime, there are significant forces at work within global economies, especially Europe, as sovereign debt levels of a few years ago are now rightly seen as unsustainable.Through ETFs, we can navigate these waters with lower risk and more precise investment focus. And the timing is right: developed economies are recovering while developing ones continue to pursue paths requiring massive amounts of investment, materials and capital. Cash Cow will be there every step of the way, with highly efficient vehicles designed to give you the maximum upside to these trends with the lowest risk. Welcome aboard!