Surviving the Coming Mutual Fund Crisis: How You Can Take Defensive Measures to Protect Your Money
Christensen (Investing with the Insiders), publisher of the Wall Street Journal's newsletter, the Insider Outlook, here presents a jeremiad about mutual funds. He debunks the premises of the immensely popular funds-more then 40 million investors and assets exceeding $2 trillion-regarding portfolio diversification, strategies, managers and profit opportunities for the "little guy." He asserts that the mutual fund is not always more efficient "and the promoters know it," and he predicts that a mutual fund crisis will probably come to a head in 1996 or 1997. Christensen advises individuals to invest instead in CDs, Treasury bills or government securities. His controversial theses will likely trigger debate on Wall Street.Copyright 1994 Reed Business Information, Inc.--This text refers to an out of print or unavailable edition of this title.