Heavy bias but some good information: The book does contain some very good advice for how to select good mutual funds but the book basicly states that as an individual investor that it is nearly impossible for you to get better returns while investing in individual stocks. This is not the case IF your are willing to do the necessary research on a regular basis. Most non-index mutual funds fail to beat the market indexes consistently and he states that if the professionals can't do it then why could private investors beat the indexes. The simple fact is that if you are willing to do the homework consistently, maintain a diversified portfolio of 5-10 stocks then you can beat the market. The simple reason most non-index mutual funds can not beat the markets is because they simply have to much money to manage. A good managed mutual fund will have to at some point close its doors to investors to continue making great returns and because most of these funds make thier money from bringing in more funds which therefore creates a conflict of interest. This major point is only partially gone over in the book and it seems the writer has written off the entire population as people only willing to check thier investments everyonce in a while and will not perform the research. The author should at least say that beating the market with individual stocks is possible for the investor that is willing to perform the necessary work but for those who are not then with a fraction of the work you can still get good consistent returns through the use of mutual funds.
mutual funds for dummies: the book is fundamental and was given to my grandchildren for a start in investing. i am helping generate a spread sheet for them to use as an analytical devise. better than average do it yourself book, gets down to the basics
financial planning: Eric does a good job of a broad view of the particular subject matter at hand. My only issue is that the books are highly overlapping. A structure with the original book on personal finance with additional chapters on subtopics would likely have avoided all the duplication.
Making WISE Mutual Fund Investments: We all know every Mutual Fund associate thinks THEIR fund is the best on the market, hence the NEED for a non-partisan book that helps you understand WHAT to look for in a GOOD Mutual Fund. If that sounds like you, I HIGHLY recommend this book. It is TRULY what it says it is...you may be a beginning investor when you begin the book, but you'll feel confident enough to make thorough investigations into prospective funds by the time you finish it! It is an 'easy read' book with easily understandable text.
Great Book - not just for adults: This is a wonderful book for anyone wanting to know more about investing their money and managing finances. I believe it is a wonderful gift for teenagers and college students as most of us do not learn these things in grade school. It's an easy read and can be used as a reference when the young adult starts making their own income and has questions on what to do with it.
| Author: | Eric Tyson | | Binding: | Paperback | | Dewey Decimal Number: | 332.6327 | | EAN: | 9780764571916 | | Edition: | 4 | | ISBN: | 0764571915 | | Number Of Pages: | 408 | | Publication Date: | 2004-10-01 |
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