A fresh look at the ever-changing world of mutual funds
Like all investment instruments, mutual funds continue to evolve. In the last decade however, there has been plenty of change, including market capitalization, the introduction of new types of funds, and the expansion of the mutual fund model to include investments in commodities.
Getting Started in Mutual Funds, Second Edition offers a completely updated look at this popular investment vehicle, including everything from Morningstar's new matrix of evaluating a fund's investment style to implementing mutual funds into long-term investment strategies in retirement plans. Throughout the book, author Alvin Hall also focuses on the basics, like how to read a prospectus, how to evaluate ongoing fees and expenses, and how to gauge a fund's performance.
- Acquaints you with the various types of mutual funds and how they are structured
- Explains important mutual fund terms and concepts
- New chapters include information on exchange-traded funds and how they compare to mutual funds in terms of performance, risk and fees
- Reveals how to assess a fund manager's investment style and its impact on your returns
Gain a better understanding of mutual funds and maximize your investment returns with Getting Started in Mutual Funds, Second Edition.
About the Author
ALVIN D. HALL is an internationally renowned financial educator and has been teaching about the financial markets and investment products for nearly three decades. He has written more than a dozen investment and personal finance books, including the bestselling Your Money or Your Life (nominated for a 2010 NAACP Image Award), Getting Started in Stocks, and an award-winning children's book, Show Me the Money, which has been published in twenty languages. Hall has hosted several BBC2 television series, including the award-winning Your Money or Your Life, as well as programs on BBC Radio 4 about business, personal finance, and contemporary art. In 2010, Hall hosted the BBC World News series Alvin's Guide to Good Business, featuring social entrepreneurs in Africa, Asia, and the United States. Hall is a personal finance contributor on NPR's Tell Me More with Michel Martin and WNYC's The Takeaway. He lives in New York City and is President of Cooperhall Press, Inc., a company that designs and conducts training programs about the financial markets.
Table of Contents
Chapter 1 Definition and Structure of a Mutual Fund 15
Chapter 2 Investment Objectives and Risks of Stock and Bond Funds 35
Chapter 3 Fees and Expenses: Load, No-Load, and Pure No-Load Funds 79
Chapter 4 Buying, Redeeming, and Exchanging Mutual Fund Shares 107
Chapter 5 Analyzing Mutual Fund Performance 121
Chapter 6 Shareholder Services 151
Chapter 7 Seven Wisdoms of Mutual Fund Investing 161