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Enhanced Indexing Strategies: Utilizing Futures and Options to Achieve Higher Performance (Wiley Trading) | 
 enlarge | Author: Tristan Yates
Publisher: Wiley
Category: Book
List Price: $60.00
Buy New: $30.00
You Save: $30.00 (50%)
New (35) Used (10) from $30.00
Rating:  1 reviews
Sales Rank: 454288
Media: Hardcover
Edition: New
Pages: 286
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.1 x 1.1
ISBN: 0470259256
Dewey Decimal Number: 332.645
EAN: 9780470259252
ASIN: 0470259256
Publication Date: November 3, 2008
Availability: Usually ships in 1-2 business days
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Product Description
Leveraged index investments, including index futures, options, and ETFs, are one of the fastest growing products in finance, as both retail and institutional investors are attracted to their long-term returns and capital efficiency. With Enhanced Indexing Strategies, author Tristan Yates reveals how you can create and build high-performance indexing strategies using derivatives that can potentially generate much higher returns than conventional index investing. In addition, Enhanced Indexing Strategies introduces six innovative long-term indexing strategies using futures and options, each with its own advantages and applications.
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| Customer Reviews:
A Unique Look at Alternative Investing Strategies December 9, 2008
Marshall Glickman (Vermont, USA)
2 out of 2 found this review helpful
I came across Tristan Yates' writing and research from the website Seeking Alpha. Interested in his careful and clear explanation of why leveraged index ETFs don't deliver their expected 2x returns over time, I visited his website to read more of his work. There I discovered he'd recently published a book looking at well, enhanced indexing strategies and also using options--especially LEAPs--for better returns. I've always suspected there were "structural" opportunities with LEAPs, but don't have the knowledge to estimate returns. So I was eager to get a copy of Yates' book.
Although Enhanced Indexing Strategies isn't exactly what I expected, it is a very helpful resource. Yates is meticulous in his research and stats, showing how various combinations of options and alternative approaches to index investing will perform in a variety of conditions. I shudder to imagine the amount of number-crunching hours that went into the calculations. Yates answers questions like a) what kind of returns can one expect if they put the bulk of their assets in treasuries and buy LEAPs with the balance b)What option writing and buying strategies look the most promising-not just at this moment, but over the course of years and different market conditions. And c) how to use leverage in an index portfolio for maximum benefit. It easy to follow, as Yates is a clear writer. Still, this is not a book for beginners. I'd say intermediate to advanced. Happily, there isn't any intimidating math.
So what I was expecting? I was thinking the book would be a bit more definitive in telling you what to do. In retrospect this was naive as Yates can only lay out how strategies have performed, not tell you which ones to choose, given that depends on your risk profile and tolerance. Overall definitely recommended [if I had more control would give it 4.5 stars], as Yates looks and carefully quantities investing ideas few publish about in detail.
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