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…
Buy Mutual Funds For Dummies, 5th edition at Amazon
2.0 out of 5 stars
Informative, but promoting a bit too much on Vanguard products
This is a review for 2nd edition. It’s an informative, but it’s heavily promoting Vanguard products which aren’t the best financial products on the market.
“Mutual funds for dummies” is the third book from the “Dummies” series I got my hands on. Reading the first two was a waste of time, and frankly speaking I did not expect much from this one either. However, this book was a pleasant surprise, which changed my opinion on the “Dummies” books. The first half of the book is a comprehensive study of the basics of mutual funds and of the criteria for evaluating their performance and selecting the best funds. It is so well written that I asked myself many times while reading what this book had to do with the “Dummies” series. I got the answer to this question at the end of the book, where the author offers detailed instructions which funds can be recommended to start with, how to obtain and fill out an application form, how to understand statements from the fund, and finally how to calculate your taxes at the end of the year. This book is indeed a benchmark which other books from the “Dummies” series should be compared with: a combination of sufficiently detailed information for those who want to know what they are doing, with step-by-step instructions and detailed advice for those who want to get started right away and do not have the time or the background to study the possible options and make their own independent picks of the funds. Another impressive aspect of this book is that the author makes every attempt to convince the readers not only look into the performance of individual investment vehicles, but also to take into account their individual financial situation, such as long and short term financial goals, tax brackets, availability of retirement accounts, etc. Most other books leave this important aspect completely out of the scope. Finally, Eric Tyson offers a very realistic approach: he makes an excellent job convincing the readers that one does not have to have an MBA to be a successful investor, he explains why mutual funds is possibly the best option for the most of us, he is very frank with the readers as what returns one can (and should) expect from an investment, and finally he suggests the ways how these returns can be reached by offering a choice of 30-40 decent funds. It is hard to get disappointed with this book!
5.0 out of 5 stars
great overview
This was a great overview of mutual funds with specific recommendations for which funds to buy for what purposes and time frames. Definitely a good buy!
After having read many mutual fund books over the last 7 years, this one cuts through the complexity to give you down to earth suggestions you can use. He names funds to buy and some not to buy. He clearly explains the impact of low operating expenses on total return. He is not afraid to criticize financial newsletters and the Morningstar rating system (it has not done very well in predicting future performance). Best mutual fund book I have read.
4.0 out of 5 stars
A more than adequate review of how mutual funds work and why you should invest in them. Very little fund-picking advice.
This is a great resource for those wanting to know more ABOUT mutual funds, not for those wanting to know WHICH mutual funds to buy.
5.0 out of 5 stars
Making WISE Mutual Fund Investments
We all know every Mutual Fund associate thinks THEIR fund is the best on the market, hence the NEED for a non-partisan book that helps you understand WHAT to look for in a GOOD…
5.0 out of 5 stars
financial planning
Eric does a good job of a broad view of the particular subject matter at hand. My only issue is that the books are highly overlapping.
5.0 out of 5 stars
mutual funds for dummies
the book is fundamental and was given to my grandchildren for a start in investing. i am helping generate a spread sheet for them to use as an analytical devise.
5.0 out of 5 stars
Great Book – not just for adults
This is a wonderful book for anyone wanting to know more about investing their money and managing finances.
3.0 out of 5 stars
Heavy bias but some good information
The book does contain some very good advice for how to select good mutual funds but the book basicly states that as an individual investor that it is nearly impossible for you to…
5.0 out of 5 stars
You will not regret this purchase
I cannot say enough good things about this book. After reading it, I feel confident about my ability to select, understand, and evaluate Mutual Funds — and how to manage my…
5.0 out of 5 stars
excellent book for understanding mutual fund
I wish I had this book 10 years ago. It tells you how to find out the hidden cost of mutual funds, how to select funds, how to evaluate your funds…etc.