Free Download Create Your Own Hedge Fund By Mark Wolfinger
Check content proof, now:
Create Your Own Hedge Fund: Increase Profits and Reduce Risks with ETFs and Options
by Mark D. Wolfinger (Author)
Learn a hands-on investment method that merges ETFs with options for consistent growth.
Create Your Own Hedge Fund explains how exchange-traded funds can be paired with strategic options trading to produce steady gains. Starting with an introduction to both ETFs and options, the book walks you through each approach in depth, building toward a strategy designed to outperform the traditional buy-and-hold model—while managing risk through hedging. Packed with professional insights and practical know-how, this guide is aimed at sophisticated self-directed investors as well as professional traders, money managers, and financial advisors seeking to expand their investing toolkit.
Editorial Reviews
From the Inside Flap
In recent years, turbulent markets have erased trillions from investors’ portfolios. Yet, others have used creative strategies to protect—and even grow—their wealth. Create Your Own Hedge Fund presents one such method, blending exchange traded funds (ETFs) with options. ETFs like DIAMONDs and VIPERS are gaining ground over mutual funds thanks to lower costs, greater flexibility, and, importantly for this strategy, their tradability on exchanges and eligibility for options. Writing options, meanwhile, can produce more winning trades, fewer losing ones, smaller drawdowns, and more stable returns.
This book merges the best features of ETFs and options into an accessible program that works in any market climate—bull or bear—and offers consistent, predictable performance. The approach is divided into four detailed parts:
-
PART I introduces the principles of Modern Portfolio Theory (MPT), discusses why MPT often prevents investors from beating the market, and explains how to capture hedge fund-like performance with reduced risk and cost.
-
PART II examines mutual funds versus ETFs, demonstrating why ETFs are often the better choice for most investors.
-
PART III breaks down the mechanics of options and option writing, showing why this supposedly risky technique can be safer than long-term buy-and-hold.
-
PART IV ties it all together, explaining how to build a core portfolio, select the right options to write, and providing real-world examples of the strategy in action.
Create Your Own Hedge Fund lays out a simple yet powerful plan for achieving hedge fund-style results—minus the huge minimum investment—while cutting back on portfolio volatility.
From the Back Cover
“Options writing made simple for the layman.”
— James Altucher, author of Trade Like a Hedge Fund
“One of the clearest explanations of using options as they were meant to be used—as part of an overall strategy alongside other positions.”
— Robert V. Green, Investment Strategist, Briefing.com
“Wolfinger blends the flexibility of options with the diversification benefits of ETFs to deliver a low-risk, high-return investment model. Whether you’re new to these tools or a seasoned trader, you’ll find a step-by-step approach to creating a hedged portfolio that works in any market.”
— Philip Budwick, coauthor of The Option Trader Handbook: Strategies and Trade Adjustments
Offering innovative ways to integrate option writing and ETFs, Wolfinger shows how to design a portfolio that delivers hedge fund-style managed risk and above-average returns—without needing hundreds of thousands in starting capital.
Inside, you’ll discover:
-
Why ETFs often outperform traditional mutual funds
-
Two income-generating options methods: covered call writing and selling uncovered puts
-
How these investments work together to deliver strong returns in up markets while reducing losses in down markets
By themselves, both ETFs and options are highly popular investing tools. Combined, they form a robust strategy suitable for investors seeking lower risk and stronger returns—whether you’re conservative or aggressive.
About the Author
Mark D. Wolfinger has been involved in the options industry since 1977, starting as a market maker on the Chicago Board Options Exchange. Over the years, he has served as a trader, trainer, and risk manager for professional trading firms. Since leaving the exchange in 2000, he has focused on educating retail investors, authoring three books for options beginners, teaching seminars, and running Options for Rookies, a low-cost educational service.
Born in Brooklyn, New York, Wolfinger holds a BS from Brooklyn College and a PhD from Northwestern University. He currently resides in Evanston, Illinois, with his partner, Penny.
