Review: Excellent info for the average investor...
Rating: 5 out of 5
Date: 06 5, 2014
Having recently retired from her job, my mom has become very interested in investing, in stocks and mutual funds, and spends a lot of time watching CNBC. However, she lacks a basic grounding in these things, and so I bought this book for her.I've read a few other books by the writer John McQuilkin, and so I am aware of the very high quality of his writing, and I wasn't disappointed in this book either. I read the book myself first before handing over the Kindle to my mom, and although I've a very good knowledge of finance and investing, there were still a lot of things that I found very useful.Such as, why not to judge a mutual fund by its NAV, about mutual fund strategies and strategies of mutual fund managers. Beginners will appreciate the chapter on advantages and disadvantages of mutual funds, positives and negatives of money market funds, (various types of) stock funds and bond funds. How to choose a mutual fund, and when to sell them, what is the true cost of a mutual fund – all important information.The best chapters for me were the couple on costly mutual fund mistakes and how to avoid making mutual fund mistakes. These two chapters by themselves were pretty much worth the cost of the book. Overall, another fine effort by the writer, and very useful for the layperson who wants to understand the basics of mutual funds.