Mutual Fund$ For Dummie$.. [Paperback]

Eric Tyson (Author)

Book Description

Publication Date: February 16, 1995 | Series: --For dummies

This guide for the average investor cuts through the confusion around mutual funds and shows how to select the best stock funds for growth, how to assemble and maintain a portfolio, access mutual fund information online, and how to choose bond and money funds.

Editorial Reviews

From the Back Cover

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 your financial goals.

• Pick the best funds and avoid losers

• Assemble and maintain a portfolio

• Evaluate your funds' performance

• Track and invest in funds online

• Fix common fund problems

--This text refers to an out of print or unavailable edition of this title.

About the Author

Eric Tyson is a syndicated personal financial writer, lecturer, and counselor. He is dedicated to teaching people to manage their personal finances better. Eric is a former management consultant to Fortune 500 financial service firms. Over the past two decades, he has successfully invested in securities as well as in real estate and has started and managed several businesses. He holds a bachelor's degree in economics at Yale and an M.B.A. at the Stanford Graduate School of Business.
An accomplished freelance personal finance writer, Eric is the author of five other national best-sellers in the...For Dummies series: Home Buying (co-author), Personal Finance, Investing, Mutual Funds, and Taxes (co-author). His work has been featured and praised in hundreds of national and local publications, including Newsweek, Kiplinger's, The Wall Street Journal, Money, Los Angeles Times, Chicago Tribune, and on NBC's Today Show, PBS's Nightly Business Report, CNN, The Oprah Winfrey Show, ABC, CNBC, Bloomberg Business Radio, CBS National Radio, and National Public Radio.
Eric has counseled thousands of clients on a variety of personal finance, investment, real estate, and mortgage quandaries and questions. In addition to maintaining a financial counseling practice, he is a popular speaker on important personal finance topics. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 384 pages
• Publisher: Hungry Minds Inc (February 16, 1995)
• Language: English
• ISBN-10: 1568842260
• ISBN-13: 978-1568842264
• Product Dimensions: 9 x 7.2 x 1 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (62 customer reviews)
• Amazon Best Sellers Rank: #3,206,328 in Books (See Top 100 in Books)

More About the Author

Eric Tyson is a best-selling personal finance book author and has penned five national best sellers. He is also the only author to have four of his books simultaneously on Business Week's business book bestseller list.

His Personal Finance for Dummies, a Wall Street Journal best-seller, won the Benjamin Franklin Award for Best Business Book of the Year. Eric's syndicated newspaper column is read by millions of readers weekly. He is a former columnist and award-winning journalist for the Sunday San Francisco Chronicle. His website, www.erictyson.com, rocketed into the top one percent of financial websites within its first year of operation.

Eric's work has been featured and quoted in hundreds of local and national publications and media outlets including Newsweek, The Wall Street Journal, Los Angeles Times, Chicago Tribune, Forbes, Kiplinger's Personal Finance Magazine, Money, Worth, Parenting, USA Today and on the NBC Today Show, ABC, Fox News, CNBC, PBS Nightly Business Report, CNN, and on CBS national radio, NPR's Marketplace Money and Bloomberg Business Radio. He's also been a featured speaker at a White House conference on retirement planning.

Tired of working as a management consultant to Fortune 500 financial service firms which more interested in maximizing short-term profits than in providing sound financial products and services, Eric founded in 1990 the nation's first financial counseling firm which works exclusively on an hourly basis. He started his new company with a simple mission: to provide objective, cost-effective personal financial advice, especially to non-wealthy Americans. Through family and friends, Eric had seen many otherwise intelligent people make horrendous mistakes in managing their money, in part, because the failure of our schools and colleges to teach personal finance.

In addition to his counseling work, Eric also hoped to make an impact in the writing and media fields. Much of the personal finance writing and reporting he saw and heard was biased, jargon-laden and, in some cases, filled with bad advice. For example, rather than telling people the hard truth - that one must live within one's means as a prerequisite to building wealth - many publications offer up hyped and unrealistic "get rich without making sacrifices or taking risk" type approaches.

In addition to his writing and counseling, Eric also taught the nation's most highly attended personal financial management course at the University of California. He has spoken at many corporations and non-profits. His educational background includes having earned his bachelor's degree in economics at Yale and an MBA at the Stanford Graduate School of Business.

Eric is the only best-selling personal finance author who has an extensive background as an hourly-based financial planner and who does not accept speaking fees, endorsement deals or fees of any type from companies in the financial services industry or product or service providers recommended in his articles, books and his publications.

Customer Reviews

Most Helpful Customer Reviews

155 of 157 people found the following review helpful:

5.0 out of 5 stars a book you cannot be disappointed with, May 31, 2000

By 

+++ (OR, United States) - See all my reviews

This review is from: Mutual Funds for Dummies (Paperback)

"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!

55 of 57 people found the following review helpful:

5.0 out of 5 stars Practical mutual fund suggestions you can use today, November 30, 1999

By 

mpozner (Atlanta, GA) - See all my reviews

This review is from: Mutual Funds for Dummies (Paperback)

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.

62 of 68 people found the following review helpful:

3.0 out of 5 stars A Good Primer For Beginning Mutual Fund Investors, October 3, 1998

By A Customer

This review is from: Mutual Funds for Dummies (Paperback)

Eric Tyson has put together a very good book for new Mutual Fund Investors. This book will act as a "coach" to get new investors going and growing a portfolio of mutuals. For even more powerful strategies, I strongly recommend "Mutual Fund Strategies" by J.W. Dicks and "More Wealth without Risk" by Charles Givens. These books will "turbo charge" your portfolio.