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Coffee Can Investing: A Better Idea Than Mutual Funds in an IRA or 401(K)

0/5 ( ratings)

This book could be the best book on investing ever written for 401 or IRA investors. It is the book that Wall Street doesn't want you to see. It identifies common mistakes made by most 401 and IRA participants and offers better investment ideas.

Target-date mutual funds are popular 401k choices, but these funds are great for Wall Street and just awful for investors. The book points out why index funds are better choices every time, relying heavily on advice given by John Bogle and Warren Buffett. Index funds have lower management fees and far less trading costs .

Most 401k participants are not even aware that money is being taken out of their mutual funds in the form of management fees , loads, 12b fees, and cash drag fees. The only fees required to be disclosed are the expense ratios, and these often represent a very small proportion of the total fees paid by 401k or IRA investors.

High frequency trading is also a totally hidden and insidious skimming off of 401k and IRA investments which are in mutual funds. Investors can avoid most of these hidden costs by investing in index funds which make far fewer trades than equity mutual funds.

Warning - the book will challenge your most basic financial assumptions. It is written by a Harvard Business School graduate with 50 years of business and financial experience. He has written this book because he believes that most 401k and IRA investors who put their money into mutual funds, especially target-date funds, are making a choice which is great for Wall Street but not so great for themselves, and that many are losing thousands of their retirement dollars every year. His goal was to write the best book on 401k or IRA investing, and make it easily readable with precise recommendations of the best investments you should make.

Language: English

Pages: 196

Format: Kindle Edition

Release: May 29, 2014

Coffee Can Investing: A Better Idea Than Mutual Funds in an IRA or 401(K)

0/5 ( ratings)

This book could be the best book on investing ever written for 401 or IRA investors. It is the book that Wall Street doesn't want you to see. It identifies common mistakes made by most 401 and IRA participants and offers better investment ideas.

Target-date mutual funds are popular 401k choices, but these funds are great for Wall Street and just awful for investors. The book points out why index funds are better choices every time, relying heavily on advice given by John Bogle and Warren Buffett. Index funds have lower management fees and far less trading costs .

Most 401k participants are not even aware that money is being taken out of their mutual funds in the form of management fees , loads, 12b fees, and cash drag fees. The only fees required to be disclosed are the expense ratios, and these often represent a very small proportion of the total fees paid by 401k or IRA investors.

High frequency trading is also a totally hidden and insidious skimming off of 401k and IRA investments which are in mutual funds. Investors can avoid most of these hidden costs by investing in index funds which make far fewer trades than equity mutual funds.

Warning - the book will challenge your most basic financial assumptions. It is written by a Harvard Business School graduate with 50 years of business and financial experience. He has written this book because he believes that most 401k and IRA investors who put their money into mutual funds, especially target-date funds, are making a choice which is great for Wall Street but not so great for themselves, and that many are losing thousands of their retirement dollars every year. His goal was to write the best book on 401k or IRA investing, and make it easily readable with precise recommendations of the best investments you should make.

Language: English

Pages: 196

Format: Kindle Edition

Release: May 29, 2014

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