By Gregory Baer, Gary Gensler
How american citizens Are wasting Billions to the Mutual Fund and Brokerage Industries— and the way you could Earn extra with much less Risk
Convinced that your superstar mutual fund supervisor may also help you beat the industry? wanting to pay attention the newest inventory picking out recommendation on CNBC? ignore IT! The Great Mutual Fund capture shows that the typical mutual fund continually underperforms the industry, and that suggestions for choosing above-average money -- every little thing from earlier functionality to specialist ratings -- are lifeless. opting for person shares at the recommendation of agents and analysts works no higher. the single yes issues are the charges and commissions you'll pay.
Fortunately, the scoop isn't really all undesirable. traders prepared to disregard the consistent drumbeat of "trade frequently," "trust the experts," and "beat the market" now give you the chance to do larger. utilizing new making an investment items traders can earn greater returns with decrease dangers.
Drawing on their years of Wall road, Treasury and Federal Reserve adventure, Gary Gensler and Gregory Baer supply a clean and real looking examine how funds is controlled in the USA. From new indexing options to risk-managed inventory choice, The Great Mutual Fund Trap deals traders an get away from excessive expenditures and immunity from seductive advertising messages.
From the Hardcover edition.