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Index Funds Book
Index Funds: The 12-Step Program for Active Investors (Hardcover)

by Mark T Hebner
ISBN: 0-9768023-0-9




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Harry M. Markowitz explains Portfolio Theory: what it is and how it's used from a top-down model from the asset classes to the investments. He covers Standard Deviation, Variance, Correlation, and Covariance. Markowitz also explains what happened in 2008 with Modern Portfolio Theory. (39 Min.)

Harry M. Markowitz - Portfolio Theory and 2008

Mark covers historic recovery patterns and probability of future returns, the risks and returns that come with big government, the role of commodities in your investments, the pros and cons of inflation-hedging securities, and an investment strategy that has been highly successful historically. (92 Min.)

Mark T. Hebner - Big Losses, Big Government and Your Investments

Harry Markowitz gives an IFA Exclusive Presentation on Portfolio Theory Vs. Financial Engineering, and Their Roles in Financial Crises. Markowitz explains the difference between Portfolio Theory and Financial Engineering. Markowitz also covers Black Monday (October 19, 1987), Long Term Capital Management, and Now. (47 Min.)

Harry Markowitz - Portfolio Theory Vs. Financial Engineering, and Their Roles in Financial Crises

The first step on the index funds journey is to recognize active investor behavior. If all investors were lined up in a row, could the active investors be identified? Active investors actively engage in stock picking, time picking (market timing), manager picking, and style picking.

Step 1: Active Investors - Podcast Interview with Mark Hebner

Mark Hebner explains the Nobel Laureates. Mark suggests a higher power of non-biased information from academics who carefully analyze data and have that data peer reviewed before it is published. Mark identifies the five basic concepts of the Modern Portfolio Theory.

Step 2: Nobel Laureates - Podcast Interview with Mark Hebner

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Domestic Indexes Enjoy Strong Second Quarter

IndexFunds.com Staff
Wednesday, July 02, 2003

The Dow Jones Industrial Average rose 1.82% in June, closing at 9011.53. The Dow Jones Industrial Average is up 8.03% for the year. So far this year, June has had the fewest number of trading sessions in negative territory for the Dow.

Measuring Europe, the Dow Jones STOXX 50 index is up 5.04% for June, closing at 2432.19. Year-to-date, the index is up 1.02%. (Index calculated in Euros)

The Dow Jones Asian Titans 50 index rose 6.56% in June to 84.83. Year-to-date, the index is up 2.81%. (Index calculated in U.S. dollars)

The Dow Jones Global Titans 50 worldwide blue-chip market index rose 2.57% in June, closing at 164.72. Year-to-date, the index is up 8.96%. (Index calculated in U.S. dollars)

S&P Domestic Equity Indexes in June

Index
1 month (%)
Q2 (%)
YTD (%)
S&P 500
1.28
15.39
11.76
S&P 500 Equal Weighted
0.71
21.62
16.17
S&P 500/Barra Value
0.73
18.84
12.29
S&P 500/Barra Growth
1.82
12.17
11.25
S&P MidCap 400
1.28
17.63
12.41
S&P MidCap 400/Barra Value
0.42
19.18
12.26
S&P MidCap 400/Barra Growth
2.15
16.01
12.52
S&P SmallCap 600
2.60
19.87
12.93
S&P SmallCap 600/Barra Value
2.97
22.75
12.98
S&P SmallCap 600/Barra Growth
2.19
16.89
12.72
S&P SuperComposite 1500
1.32
15.72
11.85
S&P REIT Composite
2.27
13.07
13.88

Source: S&P Indexes

 

Russell Domestic Equity Indexes in June

Index
1 month (%)
Q2 (%)
YTD (%)
Russell 1000
1.32
15.74
12.34
Russell 1000 Growth
1.38
14.31
13.09
Russell 1000 Value
1.25
17.27
11.57
Russell 2000
1.81
23.42
17.88
Russell 2000 Growth
1.93
24.15
19.33
Russell 2000 Value
1.69
22.72
16.49
Russell 2500
1.91
21.91
16.92
Russell 2500 Growth
2.06
22.72
18.79
Russell 2500 Value
1.79
21.28
15.50
Russell 3000
1.35
16.24
12.71
Russell 3000 Growth
1.41
14.92
13.49
Russell 3000 Value
1.28
17.65
11.91
Russell Midcap
1.01
18.26
15.47
Russell Midcap Growth
1.43
18.76
18.74
Russell Midcap Value
0.70
17.89
13.11
Russell Small Cap Completeness
1.93
21.00
17.20
Russell Small Cap Comp Growth
2.43
22.90
20.09
Russell Small Cap Comp Value
1.49
19.37
14.75
Russell Top 200
1.42
14.92
11.33
Russell Top 200 Growth
1.36
13.17
11.67
Russell Top 200 Value
1.48
17.02
10.95

Morningstar Domestic Equity Indexes in June

Index
1-month (%)
Q2 (%)
Morningstar Large Growth
1.66
12.05
Morningstar Large Core
1.17
15.05
Morningstar Large Value
1.83
18.16
Morningstar Mid Growth
0.26
19.71
Morningstar Mid Core
0.51
16.95
Morningstar Mid Value
1.17
18.61
Morningstar Small Growth
1.35
25.51
Morningstar Small Core
1.36
19.99
Morningstar Small Value
2.55
25.85

Source: Morningstar Indexes

 

 


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