Mutual Funds Exposed, 2nd Edition: What You Don’t Know May Be Hazardous to Your Wealth (Wealth Management)
by Kenneth A. Kim,William R Nelson
Mutual funds became popular in the 1920’s as a way for smaller investors to get the benefits of having professional managers creating diversified portfolios. But even from the beginning, mutual funds had structural flaws that created disappointing long-term performance, thereby harming the financial well-being of millions of mutual fund investors. Some of these flaws include high costs, embedded capital gains, hidden costs, over-diversification, lack of transparency, and even sneaky behavior. Mutual Funds Exposed is an engaging, easy-to-read expose rips the cover off an industry that commands trillions of dollars of investor savings, and clearly shines a bright light on these pitfalls of mutual funds. It also provides a glimpse into alternatives that investors can choose that give them the investing advantages that ultra-wealthy investors and institutions have enjoyed for decades. This is a must-read for any investor who wants to achieve financial freedom.