Chuck Jaffe's Lifetime Guide to Mutual Funds: An Owner's Manual

Chuck Jaffe's Lifetime Guide to Mutual Funds: An Owner's Manual

Chuck Jaffe's Lifetime Guide to Mutual Funds: An Owner's Manual

Chuck Jaffe's Lifetime Guide to Mutual Funds: An Owner's Manual

Synopsis

From a trusted financial authority comes a lifetime guide to better mutual-fund investing. Breezy, readable, and organized, it will prove indispensable for investors of all levels of financial experience.

Excerpt

A few years ago, I received a book that purported to list the 100 best mutual funds. the methodology for picking these winners was questionable, to put it kindly. It included a five-star system in which two stars were free (that's a three-star system trying to look important), and it did not include funds in several asset classes that many investors consider crucial, like virtually all types of bond funds.

The logic was flawed and there was no substance. the outcome was predictable: a list of funds that went on to produce mixed results. Yet the author told me that he was trying to throw investors a lifeline. With thousands of funds to choose from, he figured people were drowning in choices, and thus he would make things simple for them.

As I noted when I wrote about the book: "You can't save a drowning man by throwing him a cherry Lifesaver."

Reading what passes for personal finance advice these days spurred me to try to write something better. You will not find any insider's "secrets" or ways to beat the system here; that's not what mutual-fund investing is about. When it comes to funds, there are no secrets to owning good ones--solid research and proper planning are available for everyone who is willing to put in the time.

If you are looking for names of "the exact right funds to buy today," you can stop reading now. I can no more name the funds that are appropriate for you, an individual reader whose finances I know nothing about, than I can break the world weight-lifting record. the burden is just too heavy.

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