Long-term Investing with Stock ETFs

1. Portfolio for Long-term Investors 2 1.1 DO’S and DON’TS 2 1.2 Long-term Performance 3 1.3 Value and Style Rotation and Combination 4 1.3.1 Spread 4 1.3.2 Value-Growth Combinations 5 1.3.3 Market Timing for Value Stocks 6 1.4 MSCI Indices 6 1.4.1 Net Return Index versus Total Return Index 7 1.5 Small Value 7 1.6 Growth 7 1.7 Recommended Non-US ETFs 8 1.7.1 Plain (blend) 8 1.7.2 Value 8 1.7.3 Small Value 8 1.7.4 Emerging Markets Small Value 8