Personal Investing, Mutual Funds

A Commonsense Guide to Mutual Funds

Name: A Commonsense Guide to Mutual Funds
Author: Mary Rowland
ISBN: 9781576600009

by Mary Rowland

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Overview

From years of covering the best pros in the business, Mary Rowland has selected what is most worth knowing about investing in mutual funds. Because they are a terrific vehicle for most investors, mutual funds are proliferating rapidly. But with so many offerings, success means hunting down better information, making disciplined choices, and avoiding seductive misconceptions. This book helps with all three. It will equip you to do efficient research, make excellent purchase decisions, allocate your assets wisely, build a portfolio steadily, and periodically rebalance it so it keeps meeting your objectives. A Commonsense Guide to Mutual Funds clarifies the strategies that winning fund managers use to gain the edge in performance. Easy-to-remember DOs and DON'Ts fill in what marketing literature from the fund companies and even ratings in personal finance magazines leave out of the picture.

About the Author, Mary Rowland

Rowland is a contributing editor to Bloomberg Personal Finance and is one of the most respected authors in the field of personal finance.

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Editorials

Wall Street Journal

Outstanding.

John C. Bogle

Remarkable! A splendid combination of wisdom and simplicity. The Do's and Don'ts offer a priceless education in what investors really need to know.

— Senior Chairman & Founder, Vanguard Group

Library Journal

With mutual funds attracting many billions of dollars per month, the small investor's need for guidance to the almost 8000 funds available is clear. Rowland, a 20-year financial journalist, has condensed and simplified the advice she originally gave in her Fidelity Guide to Mutual Funds (S. & S., 1990). She explains what a mutual fund is, how it works, and why it is the best vehicle for the average investor for wealth building. The heart of her work is a section of 58 dos and don'ts. Clear language and practical, concise advice predominate: what to ask, what to look for, whom to call, how to keep track. She also recommends specific funds to readers depending on their personal risk profile as developed from an extended "risk quiz." Rowland's guide should demystify stock market and mutual fund investing for the neophyte. Recommended for public libraries.-Alex Wenner, Indiana Univ. Libs., Bloomington

Booknews

Writing for the busy executive involved in overseeing a portfolio or corporate cash flows, Ungar (senior editor, Bloomberg Magazine) explains in no uncertain terms the ins and outs of "swaps," the financial world's equivalent of playground baseball card trading. The large type, plain language, compact handbook sets out the basic types of swaps (interest rate, currency, commodity, and equity), the applications to arbitrage, hedging and speculation, and the swap flow chart from conception through maturity or termination. Distributed by Irwin. Annotation c. Book News, Inc., Portland, OR (booknews.com)