Mutual Funds for the Utterly Confused

Chapter 16 offers us a look at some of the more specific areas of investments in mutual funds. Sector funds, Target-dated funds and Special funds that offer something of a hedge fund experience all play a role in your investments. They may not be right for everyone and probably shouldn’t be used by a vast majority of us, but their convenience and availability make them tempting targets for those that may not know otherwise.

I do hope that you have enjoyed this extended insight into the book and hope that you leave it just a little more enlightened about the world around you.

In the coming days, we will begin the blog again. This time focusing on a much more specific topic: which funds are best, which should be avoided and just what the heck is going on with that retirement portfolio of yours.

I will leave you with two quotes that appear towards the end of the book. Both by investment and economic sages whose renown needs little introduction.

The first is by Benjamin Graham, the guy who taught the Buffet guy all he knows. He said:
“The individual investor should act consistently as an investor and not as a speculator. This mean that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money’s worth for his purchase.”

And the last thought I will leave you with comes from John Kenneth Galbraith: “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”