This plan of investment identifies the strongest area of the market for current investments. It should help investors reallocate their existing portfolios by generating buy and sell signals into and out of certain types of mutual finds.
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Most Helpful Customer Reviews
12 of 12 people found the following review helpful:
4.0 out of 5 stars
A simple investment plan highly recommended,
By TB (Newport Beach, CA) - See all my reviews
This review is from: The Mutual Fund Wealth Builder: A Profit-Building Guide for the Savvy Mutual Fund Investor (Hardcover)
Based on the previous reviewer comment, I wonder if we read the same book. This is NOT a "get rich quick" book - it's polar opposite. Perhaps "get rich slowly" would be more appropriate. I've read both this book, and Maverick Investing which is written by Doug Fabian (Dick's son). If choosing between the two, this much better. (However, Maverick Investing does a better job discussing setting proper stop-losses based on your tolerance for risk. I recommend reading both books). An excellent read on taking control of your investments. It provides step by step instruction as to how to set goals for your investments via mutual funds, select the right funds, track those funds, and when to buy and sell. He uses a very simple technique to get you in an out of the market by tracking your funds against two indexes - a broad market index, and another index reflecting the type of funds you own. You track your funds by using 39 Week Average Readings (more commonly known as the 200 day moving averages - which can be found anywhere on the web). In a nutshell, his technique will not get you into the market at the very bottom, and won't get you out at the very top. But he will get you in and out somewhere in between which is a far more realistic approach for positive long term results. The opposite of get rich quick, it simply shows that by setting realistic goals, and learning to recognize existing trends, how very small investments over a long period will result extrodinary wealth. For those who already have a healthy retirement nest egg, he shows you how to pay yourself during retirement while still growing your principal. This is a great introductory book on investing using a proven approach which only requires a few minutes a week to maintain. The book's has two shortfalls. First, he could have provided more information about available online resources (such as Morningstar.com) which will make it even easier to screen and select the proper mutual funds. Secondly, he could have spent more time emphasizing the need to select a track your funds against their appropriate indexes.
8 of 8 people found the following review helpful:
5.0 out of 5 stars
If you want to succeed,
By D. Sanders (La Quinta, CA USA) - See all my reviews
This review is from: The Mutual Fund Wealth Builder: A Profit-Building Guide for the Savvy Mutual Fund Investor (Hardcover)
The title of this book should be "How to succeed when almost every other method will surely fail." Dick Fabian is as much psychologist and motivator as he is "savvy investor advisor." And I say "investor" here because that's where Fabian puts the emphasis. He shows that the investor's worst enemy is himself, and that his second and third worst enemies are the media and "investment" advisors. As an astute student of the stock market and human behavior, Fabian has catalogued every way an investor can fail (and there are many), and he has also devised a simple, but diligent, approach to investing that prevents that failure. The result, if one follows his method, is almost certain success. The first part of the book is investor psychology. Many will be tempted to skip it and move on to the simple investing technique. That's one of the ways to fail. This is a profound book that can change lives. Read the whole thing, start to finish, then read it again. Then put what you learn into action. It's all there -- the complete formula for success!
8 of 8 people found the following review helpful:
5.0 out of 5 stars
The concept continues to work,
By A Customer
This review is from: The Mutual Fund Wealth Builder: A Profit-Building Guide for the Savvy Mutual Fund Investor (Hardcover)
This latest book by Mr. Dick Fabian will explain how to become a better investor using a time tested method. The concepts and ideas of the Fabian philosophy have remained the same and continue to work. Mr. Fabian's common sense approach to controlling your emotions with set rules in place at all times, will make you a successful investor. You will not find a simpler method for investing. This book not only explains how you can become a better investor, but will also show you how the power of compounded earnings can grow your savings into huge amounts of money for your future. It's very easy to understand and will change the way you invest in the future.If you are a new investor, are not satisfied with the results of the plan you are presently following, or have been badly hurt by following a buy and hold method in the past year, this book will give you the ideas to make changes so you will become a much improved investor. I feel that anyone who is serious about investing needs to review the ideas and past history of the stock market that are explained in this book. You won't find an easier or less emotional method to follow. It has worked for years and will continue to work in the future. This book will educate you, don't pass this up. I have followed the concepts, ideas, and investing principles of the Fabian newsletter for over 17 years. It has been one of the best decisions that I ever made.
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