Description
Book SynopsisSOMEONE WILL MAKE MONEY ON YOUR FUNDS-WHY NOT YOU?
This book is a treasure trove of practical research and pithy thoughts based on Gastineau''s decades of experience; a valuable guide for the thoughtful investor.
Harold Evensky, Chairman, Evensky, Brown & Katz
Someone Will Make Money On Your Funds - Why Not You? will jar armchair mutual fund investors out of their PJ''s. If you think checking out your funds in Morningstar and Lipper has you covered, you best read this book.
Maureen Nevin Duffy, Editor/Publisher, The Turnaround Tactician
This book is a must-read for fund investors. Gastineau carefully discusses many important factors such as taxes, capital gains overhang, trading costs, turnover, benchmark selection, active management, expense ratio, and aggressive trading by market timers. These factors significantly affect fund performance but may be ignored by investors. Gastineau goes on to build a strong case for choosing ETFs over mutual
Table of Contents
Acknowledgments.
Introduction.
Chapter 1: A Framework for Saving and Investing.
Chapter 2: Assets, Liabilities, and Financial Planning.
Chapter 3: Tax-Efficient Financial Planning and Investing.
Chapter 4: Controlling Investment Costs: Money Market and Brokerage Account Economics, Separate Investments versus Funds.
Chapter 5: How to Cut Your Fund Costs.
Chapter 6: Reducing Costs with Index Funds.
Chapter 7: Fund Advisory Services—or Do-It-Yourself?
Chapter 8: Some Winning Funds—and Why They Win.
Chapter 9: Active Investment Management: Can You Find a Manager Who Can Beat the Market?
Chapter 10: Reinventing the Mutual Fund: Actively Managed Exchange-Traded Funds.
Chapter 11: Improving the Efficiency of Custom Investment Management: Some ETF Applications.
Appendix A: Sources of Additional Information on the Internet.
Appendix B: Conventional Mutual Funds versus Exchange-Traded Funds: Making Choices.
Glossary.
Notes.
References.
Index.
About the Author.
