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1 of 1 people found the following review helpful:
3.0 out of 5 stars
Excellent in some parts, but I think they missed the real point,
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This review is from: The Trouble with Mutual Funds (Paperback)
This is an excellent book to learn about the inside secrets of the mutual fund industry, of which there are many...and it provides a good explanation as to why mutual funds are probably not the greatest investment choice.
Where the author loses his footing is by suggesting that the solution to the problems in the industry can be solved by more regulation, and that the alternative to mutual funds are either 1) index funds, or 2) equity indexed contracts. This, sadly is a mistake that was made also by Edward Winslow in "Blind Faith". Government regulation and interference in the financial markets is what is causing the problems in the financial industry. Between the Federal Reserve, the SEC, the FINRA, and a host of seemingly unending regulations, the mutual fund industry is likely doomed to failure from here on out. Thankfully, there are a few helpful chapters in this book that are accurate and help to explain to the reader what is going on in the industry and why mutual funds have become, on the whole, terribly inefficient. |
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The Trouble with Mutual Funds (Paperback - 2003)
Used & New from: $8.49
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