Someone Will Make Money on Your Funds - Why Not You?: A Better Way to Pick Mutual and Exchange-Traded FundsISBN: 978-0-471-74482-5
Hardcover
304 pages
August 2005
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"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 funds, especially for long-term
investors. I strongly recommend this book for investors."
—Vijay Singal, J. Gray Ferguson Professor of Finance and
Chairperson of the Finance Department, Pamplin College of Business
of Virginia Tech, and author of Beyond the Random Walk: A Guide
to Stock Market Anomalies and Low-Risk Investing
"Gastineau's message is very powerful. He not only challenges
some conventional wisdom on investing, but truly emphasizes how to
add value to a portfolio. What is unique is his ability to move
quickly from the big picture to implementation strategies offering
investment solutions to both investment advisors and individual
investors. Portfolio adjustments discussed can potentially have
significant impact on a long-term investor's standard of
living."
—Dan Dolan, Director, Wealth Management Strategies, Select
Sector SPDRs