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Order the Soft Cover version
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The New Commonsense Guide to Mutual Funds REVISED Edition
By: Rowland, Mary
List Price: $15.95
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Item #: 10209
Pages: 336
Publisher: Bloomberg Press
ISBN: 1576600637
Type: Soft Cover - Soft Cover
Publish Date : 1/1/1998
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Synopsis:
This up-to-the-minute new paperback edition, includes 75 of Rowland's signature DOs and DON'Ts with practical, savvy solutions for the problems, frustrations, and missed opportunities encountered by anyone who owns shares in mutual funds.
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Jacket Description:
The acclaimed top-seller on mutual funds is bigger and better!
"Remarkable! A splendid combination fo wisdom and simplicity. The Dos and Don'ts offer a priceless education in what investors really need to know." -John C. Bogle
Mary Rowland, one of the clearest and most trusted vioces in personal finance, cuts throught ehhype and confusion surrounding mutual funds with this expanded and updated new edition. Her 75 Dos and DON'Ts and tips from top-name adivsers tell you exactly what you need to know:
- which funds are best for baby boomers, retirees, Gen-Xers
- Pain-free ways to get into-and out of- a mutual fund
- Solid advice on how to use the new Roth IRAs
- A quiz that measures your risk tolerance
- Resources that point you to the best Web sites and funds managers
Whether you're looking for an adge or are just starting to invest, this book will show you how mutual funds work and which ones will help you meet your financial goals.
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Table of Contents:
CONTENTS
INTRODUCTION
PART 1
The Dos and Don'ts
Here are 75 Points of wisdom that you can use immediately to make your money work smarter. 10
DO invest chiefly in the stockmarket. 12
DON'T buy bond funds. 14
DO build your portfolio with at least three "core" mutual
funds. 16
DON'T buy alphabet soup funds (B shares, C shares, M shares, Y shares). 18
DO start with just one fund if that's all you can afford. 20
DON'T follow the crowd. 22
DO take a skeptical attitude toward mutual fund ratings. 24
DON'T pay attention to what a fund calls itself. 26
DO use index funds. 28
DON'T try to time the market. 30
DO invest indifferent asset classes. 32
DON'T buy asset allocation funds for your portfolio. 34
DO manage your own cash. 36
DON'T buy and sell with your emotions. 38
Do look under the hood. 40
DON'T buy (or sell) a fund based on recent performance alone. 42
DO look for consistency. 44
DON'T buy a fund with high turnover. 46
DO look at income alternatives. 48
DON'T invest in a fund that's too big for its britches. 50
DO buy funds from a single fund family or a discount broker. 52
DON'T ignore expenses. 54
DO consider a so-called institutional fund. 56
DON'T jump in just before a fund closes to new investors. 58 DO consider closed-end funds. 60
DON'T overlook spiders. 62
DO look for a fund manager with passion. 64
DON'T confuse a change in the fund's share price with an investment gain or loss. 66
DO add to your holdings with an automatic-investment program. 68
DON'T ignore a flood of assets. 70
DO check Bloomberg's good and cheap funds. 72
DON'T get confused by loads. 74
DO read the prospectus. 76
DON'T be confused by the profile prospectus. 78
DO get help over the phone or on the Web. 80
DON'T ignore the vested interest of the seller. 82
DO elect reinvestment of dividends and capital gains. 84 DON'T buy a market-timing fund for your portfolio. 86
DO look at what the pros use. 88
DON'T overlook the Roth IRA. 90
DO read the proxy statement. 92
DON'T buy gimmicky funds. 94
DO invest internationally. 96
DON'T buy global funds. 98
Do look to see how a fund uses derivatives. 100
DON'T rely too much on ratings. 102
DO check to see if the manager buys his fund. 104
DON'T ignore your mutual fund statements. 106
DO read the annual report. 108
DON'T neglect the buying opportunity in new funds. 110
DO think about how to sell your funds when you need the
money. 112
DON'T be fooled by so-called diversified funds. 114
DO make your 401(k) the core of your mutual fund portfolio. 116
DON'T mistake commodity funds for mutual funds. 118
DO think about the impact of taxes on your investments. 120 DON'T neglect an annual performance review. 122
DO consider real estate funds. 124
DON'T stick with a bond fund that is maintaining its payout by returning your principal. 126
DO consider a "fund of funds" for a specific purpose like a college account. 128
DON'T stick with a fund if the manager doesn't. 130
DO rebalance. 132
DON'T own more than a dozen funds. 134
DO use a mix of investment styles. 136
DON'T buy a load fund without determining that there is something special to justify it. 138
DO look for concentration. 140
DON'T use gold funds. 142
DO consider natural resources funds as an inflation hedge. 144
DON'T hold onto a fund that has changed direction. 146
DO leave room in your portfolio for a special manager. 148
DON'T selI aII your stock funds when you retire. 150
DO check the investment style. 152
DON'T overlook "social" funds. 154
DO vote against fee increases. 156
DON'T ignore the demise of the short-short rule. 158
DO use mutual funds as a launch pad. 160
PART 2
Building Blocks
The history of mutual funds, and what you need to know to buy and sell. 162
PART 3
Risk and Asset Allocation
How aggressive should you be? And once you decide, how do you spread your money around? 184
PART 4
Commonsense Strategies
Discipline is the key to these simple plans used by successful strategic investors. 228
PART 5
Resources
In print, on-line, and by phone: how to find information to help you make smart choices. 264
INDEX 290
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