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Mutual Funds for Dummies

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Title: Mutual Funds for Dummies
by Eric Tyson
ISBN: 0-7645-5329-1
Publisher: For Dummies
Pub. Date: 21 March, 2001
Format: Paperback
Volumes: 1
List Price(USD): $21.99
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Average Customer Rating: 4.54 (26 reviews)

Customer Reviews

Rating: 5
Summary: a book you cannot be disappointed with
Comment: "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!

Rating: 5
Summary: A great way to understand mutual funds
Comment: Eric Tyson's "Mutual Funds for Dummies" is a great book for people who are just starting to invest who want to know more mutual funds to better structure their investment strategies. He talks in easy to understand terms, gives a good background of the major types of funds available and even gives recommendations as to top-notch funds he believes would work well in investors' portfolios. I only have two minor criticisms of the book. One involves his sometimes confusing discussions as to what funds belong in retirement accounts and what belongs in non-retirement accounts as he describes the funds (Tyson should have devoted a chapter to each of these types of accounts). Also, he also seems to have a love affair with one particular mutual fund company (I won't say which one, you'll have to read the book) that made me wonder if he was close buddies with the fund managers/president. Otherwise, a very useful book for novice and intermediate investors.

Rating: 5
Summary: No longer a mutual fund dummie!
Comment: Before reading this book I was an absolute dummie about mutual funds. After reading this book I am no longer a mutual fund dummie. I probably know more now about mutual funds than the average person. Great book!

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