About this product: Expanded coverage of ETFs, fund alternatives, and Internet research
Cash in on the latest wealth-building techniques with America's #1 best-selling mutual fund book
Want to make the most of mutual funds? Personal finance expert Eric Tyson shares his time-tested investing advice, as well as updates to his fund recommendations and revised coverage of tax law changes, in this user-friendly resource. Sample fund portfolios and updated forms show you exactly how to accomplish your financial goals.
John C. Bogle shares his extensive insights on investing in mutual funds
Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. .
Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.
Written by respected mutual fund industry legend John C. Bogle
Discusses the timeless fundamentals of investing that apply in any type of market
Reflects on the structural and regulatory changes in the mutual fund industry
Other titles by Bogle: The Little Book of Common Sense Investing and Enough.
Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.
About this product: From one of the most trusted and respected names in the financial industry comes the Morningstar Guide to Mutual Funds, Second Edition. This valuable resource has been completely revised and updated to meet the needs of today's demanding investor. Filled with introductory material as well as more advanced topics, it outlines the latest tools and techniques for analyzing and selecting mutual funds. It also allows readers to take an objective and informed look at their investments and learn what mutual funds are, when and how they should be used, and what the advantages and disadvantages are of investing in them. Written for both the seasoned investor and the beginner, Morningstar Guide to Mutual Funds, Second Edition presents clear, easy-to-understand guidance that readers can count on when looking to make wise investment choices regarding mutual funds. Christine Benz (Chicago, IL) is Director of Mutual Fund Analysis at Morningstar, where she manages a staff of 35 mutual-fund analysts. Previously, she was the editor of Morningstar(r) FundInvestor, a monthly newsletter, as well as Morningstar Funds 500, an annual publication.
About this product: Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual-fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
He begins with primer-like essays on investment strategy, championing mutual funds for their inherent investment value, and then grinding each point home with a bevy of graphs, charts, entertaining anecdotes, and common sense. He repeatedly stresses time as a basic tenet for investing, listing these simple rules: "Time is your friend"; "Impulse is your enemy"; "Stay the course." And then he proceeds to blast fund managers, who have become marketers rather than managers.
The trade-off between the profits that accrue to fund shareholders and the profits that accrue to the fund management companies seems subject to no effective independent watchdog or balance wheel, despite the fact that the shareholders actually own the mutual funds.
It's an interesting concept: smart, reasoned investors can all but secure their financial future, but the system itself, run unchecked by fund managers, needs a major overhaul. And considering the amount of reasoned, historically based support he includes, readers will have a hard time finding fault with the sometimes controversial Bogle. Equal parts instructional and crusade, Common Sense on Mutual Funds deserves the attention it's likely to receive. Recommended. --Rob McDonald
About this product: With this book, author Melinda Gerber walks you through the twenty-nine steps needed to start a mutual fund and the thirty-six steps needed to start an ETF. She provides costs and detailed explanations of how to accomplish each task from fledgling idea to the actuality of selling shares, and also takes the time to explain the importance of creating a clear vision for your fund as well as how to successfully profile customers and identify your competition.
About this product: "The Mutual Fund Industry Handbook is a remarkably important work . . . I am profoundly impressed by the broad and comprehensive sweep of information and knowledge that this book makes available to industry participants, college and business school students, and anyone else with a serious interest in this industry." -- From the Foreword by John C. Bogle President, Bogle Financial Markets Research Center Founder and former chief executive, The Vanguard Group
A Foreword by John C. Bogle, founder of The Vanguard Group and one of the most respected leaders in the mutual fund industry, sets the stage for this authoritative book that explains the complexities of the phenomenal industry in simple terms.
Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection. Mutual Fund Industry Handbook touches on all of those features and focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry. You'll learn about:
Front-office functions-analysis, buying, and selling.
Back-office functions, including settlement, custody, accounting, and reporting.
Commission structures-front-end loads, back-end loads, or level loads.
The various fund categories used by the Investment Company Institute, Morningstar, and Lipper.
The roles played by fund managers, investment advisors, custodial banks, distributors, transfer agents, and other third-party service providers.
If you want a definitive reference on the mutual fund industry, this is the book for you.
About this product: Author Russel Kinnel walks readers through the handful of key factors they need to pick winning funds. Armed with the quantitative data and qualitative research, they will gain the confidence to pick great funds for the long-term. This book will be accompanied by a web-based tool created by Morningstar, which will enable readers to evaluate their own funds using Kinnel's criteria.
Written in a fun and accessible manner, The Fund Spy offers Kinnel's unique insight as a 14-year Morningstar fund analyst. He speaks plainly about the conflicts that can go against investors' interests, explaining how to avoid traps and push out the slick sales pitches facing today's investors. He also offers several "10 lists," which provide quick answers to investors' most common questions (e.g., the Top 10 Funds to Recommend to Relatives, the 10 Best Contrarian Managers, the 10 Most Overrated Managers).
About this product: The CEO of a billion-dollar mutual fund company shows investors how to avoid common pitfalls in investing in mutual funds, increase their return without increasing their risk, develop a fully diversified portfolio, and more.
About this product: A BusinessWeek and Wall Street Journal Business Bestseller
Praise for Morningstar® Guide to Mutual Funds
"The Morningstar® Guide to Mutual Funds helps cut through the fog with a solid volume of constructive advice." –John C. Bogle, founder and former CEO, The Vanguard Group
"This book is the culmination of nearly two decades of research, analysis, and good old commonsense wisdom." –Tyler Mathisen, financial journalist, CNBC
"A generation of investors who took the stock market for granted now know how important it is to understand–and control–their own investments. The Morningstar® Guide should be their most important resource." –Terry Savage, Chicago Sun-Times financial columnist and author of The Savage Truth on Money
About this product: This invaluable new guide from financial expert David Scott analyzes the role that mutual funds play in achieving a balanced portfolio. In addition to explaining how shares in mutual funds are bought and sold, this clearly written book will show investors • how to assess a fund"s investment objective in light of their own goals • how to choose from among stock, bond, and money market funds • how to evaluate the three different kinds of income associated with mutual funds — dividends, capital gains, and market appreciation • how to save on fees when buying and redeeming mutual fund shares