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The Table of Contents and Chapter One are shown below............
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Table of Contents
Chapter 1
Mutual Fund Shock 11
Chapter 2
Why Are There Over 8,000 Mutual
Funds to Choose From? 13
Bull Market in Stocks · Global
Competition and 401(K)'s · Anticipated
Demise of the Social Security System
· Baby Boomers · Lack of Investor
Knowledge · Low Barriers to Entry
· Future of Mutual Funds
Chapter 3
Basics of Mutual Funds 31
Best Type of Investment Asset · Are
Common Stocks Too Risky?
· Diversification · A Professionally
Managed Mutual Fund is Born
· Continued Popularity of Mutual Funds
Chapter 4
Mutual Fund Performance 47
How To Know Your Mutual Fund is
the Best · Fund Comparisons
Chapter 5
Index Funds 51
Mutual Funds not Consistent · Fund
Performance · Cost Disadvantage
· Efficient Market Theory · Monkeys and
Dart Boards · Wilshire 5,000 and S&P 500
Studies · An Index Fund is Born · Indexing
Grows · The Beardstown Ladies Controversy
Chapter 6
Index Fund Explosion 79
Malkiel's Book · Bogle's Influence
· Personal Finance Magazines · The
Internet
Chapter 7
Why Haven't Index Funds Taken Over? 83
Indexed Stock Funds Not Available until
1976 · Lack of Education About Investing
· No Financial Incentives to Sell Indexed Stock
Funds · Mutual Fund Companies · Indexed
Stock Funds Not Available to 401(K)
Investors · Indexing Not Exciting Enough
· Indexing Concept Hard to Believe
· Glorification of Professional Mutual
Fund Managers · Bull Market · Just
Settling for Average Results · No Publicity
from Personal Finance Magazines
Chapter 8
Global Indexing 93
Global Markets · Overseas Investment
Opportunities · A Foreign Index Fund is
Born · Closing Thoughts
Chapter 9
Available Index Funds 101
Chart of Available Index Funds
Chapter 10
Selecting Common Stock Index Funds 105
U.S. Common Stock Index Funds · Foreign
Common Stock Index Funds · Japan
· Cost Considerations · Other
Considerations
Chapter 11
Indexing Into Retirement 111
Getting Ready for Retirement · Retirement
Strategy · Asset Allocation · Asset Allocation
and Investor's Age · Using Indexing to
Implement Asset Allocation
Chapter 12
Still Think Your "Gunslinger" Can
Beat the Market? 121
Have You Compared the Professional's
Performance to the Market's Averages?
· The Professional Manager Faces a Heavy
Cost Disadvantage · The Professional
Manager Faces Tax Disadvantages Also
· Very Few Professionals Have Consistently
Beat the Markets · Going Against The Advice
of the Number One Personal Finance Magazine
· Compromise Strategy
Chapter 13
Activity Checklist 127
Chapter 14
Summary 129
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Chapter 1
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Mutual Fund Shock
Many people only buy a new car every five or ten years. When these people walk onto the car dealer's lot after being out of the new car market for many years, they are shocked by how much the cost of new cars has increased!
This same type of "shock" is experienced by new mutual fund investors. A new mutual fund investor will often decide to investigate mutual fund investment by turning to the financial section of a newspaper. The new mutual fund investor is shocked to discover there are over 8,000 different mutual funds to choose from!! The new mutual fund investor is often completely overwhelmed about how to begin to choose from 8,000 different mutual funds.
A new investor often only has enough money to invest in one mutual fund. Once new investors learn they must pick only one mutual fund out of more than 8,000 funds, they quickly start to feel like players in a Russian roulette game!!
This book will help new investors make sense of the mutual fund industry. New investors will learn why there are so many mutual funds available. This book will also explain the basics of mutual funds and common stock index mutual funds. The new investor will learn how to avoid having to sort through 8,000+ mutual funds by using a few common stock index funds to achieve their financial goals.
If you already invest in mutual funds, this book will show you how to beat 80% of the funds every year by using common stock indexed funds. You will learn how to evaluate the performance of your professionally managed mutual fund. You will learn how to determine if your professional mutual fund manager is really doing a good job with your investments.
The following chapter will simplify your financial life and let you achieve better results than 80% of the professional mutual fund managers!!
Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals. -- Warren Buffett, in his 1996 Annual Berkshire Hathaway Report
Dale C. Maley - President - Artephius Publishing