Sinossi
This comprehensive guide describes how mutual funds operate, how to select them, and how to construct and monitor a portfolio of funds. Using charts and tables, it illustrates the difference between stock, bond, money market, and speciality funds. It aims to help readers penetrate the technical jargon of a prospectus and and provides advice on such issues as load versus no-load, sales fees, and exit charges, as well as all the tax implications of selling. Its "scoreboard" feature gives perfomance data for approximately 1200 mutual funds, in addition to management changes, fund expenses and returns and yield. The book discloses the price/earning ration and the risk factors for each fund and spells out the net gain to investors.
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