The Mutual Funds Book: How to Invest in Mutual Funds and Earn High Rates of Returns Safelyby Alan Northcott
Over the past decade, American investors increasingly have turned to mutual funds to save for retirement and meet other financial goals. Mutual funds can offer the advantages of diversification and professional management. It pays to understand both the upside and the downside of mutual fund investing and how to choose products that match your goals and tolerance
Over the past decade, American investors increasingly have turned to mutual funds to save for retirement and meet other financial goals. Mutual funds can offer the advantages of diversification and professional management. It pays to understand both the upside and the downside of mutual fund investing and how to choose products that match your goals and tolerance for risk. As with other investment choices, investing in mutual funds involves risk, fees, and taxes.
This book explains the basics of mutual fund investing how mutual funds work, what factors to consider before investing, and how to avoid common pitfalls. Mutual funds are not guaranteed or insured by the FDIC or any other government agency. Even if you buy through a bank, and the fund carries the bank's name you can lose money investing in mutual funds. In addition, there are more than 10,000 mutual funds to choose from.
Why should you consider investing in a mutual fund? One reason is simply the high potential returns. Many funds have earnings in the triple digits. This all sounds great, but what is the catch? There really is none, except you must know what you are doing! This book will provide everything you need to know to get you started generating high investment returns with low risk from start to finish. You will learn what mutual funds are, the various types and advantages of each, how to evaluate their risk against other types of investments, how to and how not to invest in them, how to allocate your assets, how to set up your account online, how to choose when to sell, and how to cash them in.
You will pick up the language of mutual fund investing and what the lingo means to you: net asset value, load versus no load, turnover, expenses and total expense ratios, capitalization, share classes, growth versus value, dollar cost averaging and many more. We have also included a history of mutual funds (including their scandals), and we have disclosed the mysteries of documents you will encounter in mutual fund investing, such as their ratings, share classes, fees, annual reports, and indexes.
We show you how to compare your fund to the competition, how to compare it to other types of investments, and how to compare various funds on an after-tax basis. We make it easy for you to grasp strategies for expanding your investments into different market sectors and among various classes of stocks, such as small and micro-cap stocks, mid cap and large cap companies, defensive stocks, and mixtures of stock types. You will develop your own expertise in reading the economy both nationally and globally, handling taxes, devising investment tactics for portfolio allocation whether interest rates are rising or falling, with down-to-earth instructions to help you bring in a high and steady income, all the while evading losses and downfalls.
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Scores of financial professionals, savvy traders and novice investors alike have gravitated to mutual funds over the past several decades. The love affair with this popular investment has only grown as a fresh cache of new funds continues to lure market participants. Aside from providing diversification, mutual funds offer the added advantage of professional management. But with some 10,000 funds and growing, and the ever increasing variety of funds offered, it is not an easy task to decide what funds warrant a position in an individual’s portfolio. The Mutual Fund Book is designed to help with making that important decision and much more. Explored and explained in the book are the numerous types of funds, fees, management style, tax implications and considerations. Listed are a plethora of the biggest and best fund companies, how to contact them, how to obtain information and how to set up an account. Covered are strategies including timing, buying, selling, averaging cost and swapping. Mutual funds are mutually rewarding and risky. This book not only instructs, but also helps an investor-- sophisticated or a rookie--make an educated and informed decision.
If you are like me, you already invest in a variety of mutual funds, acting solely on the advice of your financial planner or adviser. Reading "The Mutual Funds Book" by Angela M. Herrie has given me an education as well as a sense of confidence in the often confusing world of mutual fund investing. Subtitled "How to Invest in Mutual Funds and Earn High Rates of Return Safely,"this book delivers a broad overview and direction for the average investor. The subtitle is partially misleading though, as I finished the book with the idea that "safety" is mostly just a lowered rate of risk. Ms. Herrie is often reminding the reader that they must assess their own level of risk. That being said, I now have a good idea of the funds I would like to avoid and why. I can speak to my financial adviser with terms I understand and plan to have this book handy to use as a ready reference guide. Angela M. Herrie writes clinically about mutual funds, not sparing the reader any negative points and being refreshingly forthright. The chapters involve listing the different types of mutual funds as well explaining the key terms, fees and management issues. At some points in the book the reader needs to get through the listings in order to get to the practical, personal applications. It is well worth it though, in the end. A highly educational, and my own case, a timely book.
Investing in mutual funds can be a confusing process, especially to a new investor. This book informs any person looking to invest in mutual funds or interested in learning more about investing in mutual funds. The book follows a sequence for any beginner and turns you into a quick expert on mutual funds. From the history of mutual funds, to how to open an account, the book teaches you all you need to know about starting out in the world of mutual funds. The easily confusing information is presented in a simple, organized manner in a way that any reader could understand. Alan Northcott writes for the beginner looking to make a return on an investment. He describes the positives and negatives to investing in different types of mutual funds including: open-end funds, close-end funds, global funds, no-load funds, and load funds. Making a decision about having a financial advisor is discussed in detail. The book also includes interviews with reputable members of the industry. The new investor can learn from the experiences and advice offered by experts like Sean Hyman, Richard E. Reyes, and Sam Subramanian. By reinforcing his facts with expert opinions, the author adds credibility to his book. The expert advice is well presented, and the information provided by the experts can be useful to any investor. Northcott offers an unbiased opinion on types of investments so the new investor can make an educated investment choice without feeling swayed toward a specific investment decision. The book deals with current market issues and stigma that currently surrounds investing. It paints an accurate picture of the current market situation. Risks and alternatives are suggested for those looking for different levels of risk. Northcott even suggests other types of investments for those that may not benefit from mutual funs. After reading this book, a reader could make an informed investing decision and have a clear picture of the current market. This is perhaps the best attribute of the book. The book was an informative read, for a person of any age with any amount to invest looking to understand more about mutual funds. Mutual funds become simple after reading this book. This book comes highly recommended to anyone of any competency looking to better understand mutual funds and investing. After reading this book, you will have a foundation to understanding mutual funds, financial advisors, and maintaining a portfolio.
This book covers everything you ever wanted to know about mutual funds. You will learn about the history of mutual funds, different types of funds, how they work, and how to choose the right ones for you. You will learn about the fees and expenses associated with different funds and when they may benefit you and when you should avoid them. You will learn how to research funds and build a portfolio to suit your needs, and how to readjust that portfolio on a regular basis to ensure it continue to provide the performance you are looking for. You will learn how to determine your needs, how to plan for your retirement, strategies for increasing your yield, how to open an account, and how to deal with tax issues. If you have yet to invest in mutual funds I highly recommend you read this book before doing so. If you are already in mutual funds, this book can provide you valuable insight and information to optimize your portfolio. Put this book on your must read list for this year, you will not be disappointed.