Mutual Funds for the Utterly Confused

I have always been opposed to fine print. I have seen it as the most destructive part of anything involving money. Much of what is wrong in the world would solved with the elimination of font sizes smaller than the body text. Would it increase the chances you would not make a bad financial decision ever again? Not likely. But rest assured, you would never claim the information was hard to find, that you did not have access to it, and lastly, you didn’t understand it.

And then, as if that wasn’t enough, right at the beginning of chapter ten I ask: Can you, even with all of the information you have at hand and are likely to gain in the following chapters, improve your return to be better than average?

Yes you can.

There has been a push to provide the all-important prospectus as something available online. I know online. And you won’t read it all. You won’t thumb through tens, often hundreds of pages that contain every regulation required tidbit of information the all-important investment. You will use search tools to hunt down key words or phrases. But you won’t read it.

And even if you had it delivered on the back of your mailman, you might not. But the chances that you will, especially if you allot a certain hour or so each month to your finances, are much greater than risking you will find the report more entertaining than a wasted half-hour on YouTube.

This is an important chapter for equity investors.