(Book Review) Mutual Funds for Dummies, 7th Edition

Overview

Review Published: January, 2021.

From financial advisor, economist, and author Eric Tyson (https://www.erictyson.com) comes a in-depth examination of successful personal finance.

From the basics of getting started with fund investing, to working our your portfolio mix, this book serves as a comprehensive guide to putting your money to work in the financial markets.

Rating:

4 / 5

(Great Content, Presentation is Clear)

What does this score mean?

Difficulty:

Intermediate (Author assumes no initial knowledge, but there is a learning curve from there).

Length:

400 pages.

Where to Buy It:

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What's Good

Very comprehensive & in-depth content; the author starts with the simplest aspects of investing in funds (i.e. how they are produced and managed), and expands from there to include several advanced topics (i.e. goal setting, risk management, investing in specific stocks and bonds through funds, diversification, tax implications, etc.).
Backed by extensive experience; with over 3 decades of experience ranging from Fortune 500 companies to individual consulting, the author uses those expertise to make virtually all aspects of investing as understandable as possible.
Extremely accessible & readable; the author takes the often complex topics around investing and spells them out as plainly as possible, making this a long but surprisingly understandable read.

What Can Be Improved

A bit of re-reading from other books; if you’ve read some of the author’s other books (“Personal Finance for Dummies”, “Investing for Dummies”, and “Home Buying Kit for Dummies”), you’ll end up re-reading a fair bit of content as the author doesn’t assume any prior knowledge, and while this is a good position to take, it does add to the amount of reading in an already long book.

The Bottom Line

Essential for making the best fund-based investments possible; the advice in this book will help you make the most of your hard-earned money, and give you more options in how you determine your goals, make your investments, and manage risk in turbulent markets.
For anyone to become more knowledgable when investing in the stock market; from students to seasoned professionals, there is something here to help everyone make and manage the best investments possible.
A great start for those looking to learn the detailed ins-and-outs of stock market investing; for a very reasonable $30 (or a trip to the library), you will gain a very detailed understanding of how to set your investment goals, make/manage your specific fund investments, and deal with risk in the markets (but if you’re looking for a less intense way to learn the fundamentals, take a look at “I Will Teach You to be Rich”).