The books gives ordinary investors some insights into how professional money managers rip off the public. It provides scathing commentary and insights on just how “The American public is being fleeced” by Wall Street. The mutual fund industry is getting rich at the public’s expense. This should not or need not happen according to Mr. Lux. “It’s time to turn our backs on Wall Street and their sponsored investment schemes that line their pockets.” Mr. Lux writes about the merits of inde…
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The book by Ted Lux is an insightful journey into the industry of investing. In his book,the author outlines ways to manage your own portfolio without spending a great deal of time and avoiding the expense and bias of the middle man-your local stock broker or mutual fund company. With more and more funds now charging loads to purchase their fund,this book is quite timely. I urge those who have an interest in saving money and investing to read this book. You will be glad you did.