The New York Times Guide to Mutual Funds
THE NEW YORK TIMES GUIDE TO MUTUAL FUNDS is a comprehensivesurvey of mutual fund investing designed to acquaint investors withbasic principles and problems and to aid decision making aboutassets. Gould does not attempt to analyze individual funds indepth; rather she offers thoughtful, balanced analysis and adviceon problems and pitfalls encountered by investors. She devotesmuch of the text to basic explanations of what mutual funds are andhow they operate. Gould clarifies industry regulations andexplains how to read prospectuses, fund reports, and even mutualfund quotations in newspapers. She explores the diverse andsometimes complicated fee structures that funds employ. For eachtype, from money market to aggressive growth, she discussesinvestment strategy, performance, time horizon, and risk.
In addition, she includes chapters on taxes, on monitoringportfolio performance, on investing for college and retirement, andon socially responsible investing. in appendices, Gould furnishescharts delineating the past one-, three- and five-year returns ofthe twenty-five best funds in each of sixteen categories, telephonenumbers of the large fund families, and a discussion of mistakesthat investors commonly make.
While the book is largely informational, Gould offers a wealthof sound advice and frequently draws upon other well-knownauthorities in the field for much more. She cautions investorsagainst market timing, for example, and suggests that stockinvestments will be essential in the 1990’s to those who desire achance for substantial returns on their investments. A mine ofinformation about funds, Gould’s well-written book offerstrustworthy guidance to investors.