DACEY ON MUTUAL FUNDS

by Norman Dacey ‧ RELEASE DATE: Sept. 1, 1970

In spite of the fact that mutual funds of a more conservative bent are suffering through the recent ascent of the interest rate and stock market traumas, the small investor, and especially those who studied Mr. Dacey's best seller, How To Avoid Probate, will probably be drawn to his scrutiny of investment in general and mutual funds in particular. Although he favors the funds over other methods of investment for the novice, it would be wise not to stop reading at Chapter Three in which Mr. Dacey points out the advantages. The imperfections show up later and the author points out wasteful and dark practices involving conflicts of interest among brokers and a defection of experts as funds compete. He also discusses churning and letter stock, the latter an intricate maneuver of which the small investor would not be aware unless he watched the fund closely. A watchdog for funds, a composite ""superfund"" which would perform also the trust function of banks, is what Mr. Dacey is ordering and the closing chapters detail his plan, his difficulties with the SEC and just what is wrong with that agency! Informational, with clusters of inside gossip, plus some Go-Go proposals--the studious investor will enjoy it.

Pub Date: Sept. 1, 1970

ISBN: N/A

Page Count: -

Publisher: Crown

Review Posted Online: N/A

Kirkus Reviews Issue: Sept. 1, 1970

Categories: NONFICTION