9780471646136

Stop Buying Mutual Funds : Easy Ways to Beat the Pros Investing on Your Own

by
  • ISBN13:

    9780471646136

  • ISBN10:

    047164613X

  • Edition: 2nd
  • Format: Paperback
  • Copyright: 2009-06-08
  • Publisher: Wiley
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Summary

Stop Buying Mutual Funds is the book that Bay Street still doesn't want you to read!For years, millions of Canadians have injected billions of dollars into mutual funds in the quest for better returns on their investments. But few investors realize that most Canadian equity mutual funds consistently underperform the TSE300- the key benchmark they're measured against.Stop Buying Mutual Funds explains why so many Canadian funds turn in such poor performances and offers a simple approach to beating the pros by investing on your own. Stop Buying Mutual Funds low-risk, low-maintenance system of do-it-yourself investing increases your chances of reaping long-term returns that beat most Canadian stock and bond mutual funds. Provides a low-fee do-it-yourself alternative to buying mutual funds. Shows you how you can create and build your own solid, low-risk and bond portfolio with Canadian and foreign investments. Tells you how to save thousands of dollars- or even hundreds of thousands of dollars- in feels over a lifetime of investing. Helps to maximize your investment returns both inside and outside of your RRSP. Offers practical advice for a range of investors, from the totally risk-averse to the more risk-tolerant. Completely revised and updated: statistics show that mutual funds are still well behind the indexes; discusses the emergence (finally!) of low-fee index funds in Canada; the fast-growing number of index stocks to choose from; and much more.

Author Biography

Mark Heinzl is a reporter for The Wall Street Journal and the Dow Jones Newswires in Toronto, and has previously written for The Globe and Mail. He has covered a broad range of Canadian business, finance and investment topics, including the stock, bond and commodity markets and industries such as mining, manufacturing, high-tech, consumer products and others.

Table of Contents

Preface to the Second Edition
Preface to the First Edition
Acknowledgements
The Top Ten Reasons Why You Shouldn't Buy Mutual Funds
A Hard Look at Mutual Funds
Fund Companies Have Outperformed the Funds
What's the Big Deal About a 1% Shortfall?
Bettering Your Odds
The Discount-Broker Alternative
What the Funds Aren't Telling You
Promises, Promises
You Can Do It, Too
The Playing Field Is Level
How Do Financial Advisors Make Money?
Going It Alone
A Word to the Wise
Mutual Fund Performance: Why Funds Don't Beat the Market
The Statistics
How Fees Reduce Returns
How Cash Reduces Returns
Why Funds Can't Keep Up
Why Fund Fees Are So High
Are Changes Coming?
How the Funds Have Really Done
Canadian Equity Mutual Fund Performance
Fund Family Performance
Trimark
Investors Group
Mackenzie Financial/Industrial Funds
Altamira
AGF
C.I.
Dynamic
Green Line
Phillips Hager North
Spectrum United
AIC
Index Funds
Other Canadian Equity Funds
Low MER Funds
Other Types of Funds
Dividend Funds
Small-Cap and Mid-Cap Funds
Precious Metals and Natural Resource Funds
U.S. Equity Funds
International Equity Funds
Bond Funds
Canadian Bond Funds
Bonds and Interest Rates
Balanced Funds
Canadian Balanced Funds
Mortgage Funds
Why Stocks and Bonds are Better Than Mutual Funds
Unfair Taxation
The Herd Mentality
Do Your Investments Match Your Ethics?
Day Trading
What Are You Learning About Business From Mutual Funds?
Information Sources
Annual Reports
Or Show Up in Person
Self-Directed RRSPs and Non-RRSP Discount Broker Accounts
The Can-Con Rules
It's Your Choice
The Falling Cost of Self-Directed Accounts
RESP Accounts
The Discount Brokers
Switching to a Discount Broker
Buying Stocks Through Discount Brokers
Stock Quotes
Placing Orders
Settling Trades
Odd Lots
The Breakdown: What Percent Stocks, What Percent Bonds?
What Is a Stock? What Is a Bond?
Preferred Shares
Stock and Bond Yields
Risk
Finding Your Breakdown
RRSP Strategy: What's In, What's Out
How Investments Are Taxed
What Goes In?
Which Stocks In, Which Stocks Out
Buy and Hold: The Smartest Approach
Don't Time the Market
A Good, Long Run
Dividend Reinvestment Plans
Why Buy-and-Hold Funds Don't Work
A Time to Sell
Reasons to Sell
Stocks That Nosedive
Hurry Up and Wait
Index Stocks Funds: Mutual Funds Without the Fees
How Index Stocks Work
i60s and the Nortel Effect
Other Canadian Index Stocks
U.S. Index Stocks
U.S. Mutual Funds vs. the Index
International Index Stocks
Taxation and Foreign Index Stocks
Other Canadian and International Indexing Options
Index-Linked GICs
Thoughts on Indexing
Diversification: Minimizing Risk in Your Portfolio
What Is Diversification?
Diversification With Individual Stocks
Other Eggs in Other Baskets
International Exposure
Diversified Portfolio Strategies
The All-Index Stocks Approach
The Index Stocks and a Lucky Stock Approach
The Index Stocks and Some Other Stocks Approach
The Index Stocks but Mostly Other Stocks Approach
The All-Stock Approach
The TSE 300: Your Guide to a Diversified Canadian Stock Portfolio
Why Buy Individual Stocks?
Your Picks Are As Good As Any Pro's
But My Broker Recommended...
Getting to Know the TSE 300
The Checkup
Cyclical Stocks
Words to Pick Stocks By
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