Mutual Funds Exposed 2nd Edition: What You Don't Know May Be Hazardous to Your Wealth - Hardcover

Kim, Kenneth A; Nelson, William R

Hardcover

ISBN 10: 0990824918 ISBN 13: 9780990824916

Publisher: EQIS Capital Management, Inc., 2016

Synopsis

Mutual funds became popular in the 1920’s as a way for smaller investors to get the benefits of having professional managers creating diversified portfolios. But even from the beginning, mutual funds had structural flaws that created disappointing long-term performance, thereby harming the financial well-being of millions of mutual fund investors. Some of these flaws include high costs, embedded capital gains, hidden costs, over-diversification, lack of transparency, and even sneaky behavior. Mutual Funds Exposed is an engaging, easy-to-read expose that rips the cover off an industry that commands trillions of dollars of investor savings, and clearly shines a bright light on these pitfalls of mutual funds. It also provides a glimpse into alternatives that investors can choose that give them the investing advantages that ultra-wealthy investors and institutions have enjoyed for decades. This is a must-read for any investor who wants to achieve financial freedom.

About this title

Review

"Dr. Kim has provided us with a great explanation of how mutual funds work, offers important caveats about relying on these funds and suggests an interesting investment alternative. In addition, this is great fun to read!" - Annette Poulsen, PhD, former Chief Economist, U.S. Securities and Exchange Commission; Professor of Finance, University of Georgia "A leading expert on the financial behavior of consumers, Dr. Kim has written a clear expose on the tricks used by many mutual funds to convince naive consumers to buy their overpriced, underperforming investment vehicles." - Lewis Mandell, PhD, developer of the financial literacy survey for the Jump$tart Coalition for Personal Financial Literacy; former Professor of Finance, University of Washington and the State University of New York "This book is both entertaining and highly relevant for individual investors." - Erik Lie, PhD, TIME magazine's 100 most influential people in the world in 2007 for his contributions to uncovering options backdating scandals; Professor of Finance, University of Iowa "Given that mutual funds are normally thought to be useful investments, this book casts a critical light on them and promotes investor awareness. A very important contribution." - Dennis McLeavey, DBA, former Vice President, CFA Institute; Faculty Adviser, Ram Fund, University of Rhode Island

Edition details

• Publisher: EQIS Capital Management, Inc.
• Publication date: 2016
• Language: English
• ISBN 10: 0990824918
• ISBN 13: 9780990824916
• Binding: Hardcover
• Edition number: 2
• Number of pages: 144