Publisher's Synopsis
This comprehensive guide describes how mutual funds operate, how to select them, and how to construct and monitor a portfolio of funds. Using charts and tables, it illustrates the difference between stock, bond, money market, and speciality funds. It aims to help readers penetrate the technical jargon of a prospectus and and provides advice on such issues as load versus no-load, sales fees, and exit charges, as well as all the tax implications of selling.;Its "scoreboard" feature gives perfomance data for approximately 1200 mutual funds, in addition to management changes, fund expenses and returns and yield. The book discloses the price/earning ration and the risk factors for each fund and spells out the net gain to investors.
