Stop Wasting Your Wealth in Mutual Funds: Separately Managed Accounts - The Smart Alternative

by Don Wilkinson

Are the 95 million Americans invested in mutual funds making a mistake? Will inherent problems in the fund industry keep investors from achieving their goals? "Absolutely," says author and financial... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1419520180
• ISBN13: 9781419520181
• Release Date: December 2005
• Publisher: Dearborn Trade
• Length: 273 Pages
• Weight: 0.05 lbs.
• Dimensions: 0.7" x 6.1" x 9.0"

Customer Reviews

No free lunchs with MF

I finally got and read a great book that has completely turned me around and back to investment recovery after receiving poor advice from my stockbroker. Poor advice from him insisting I stay in mutual funds after losing $400,000 in the market this year. "Stop Wasting Wealth in Mutual Funds--Separately Managed Accounts--the Smart Alternative" convinced me that Separately Managed Accounts not only pins mutual funds to the mat in a multiple of ways--reduced taxes, direct control of your stocks, lower fees, potential higher returns, etc.-- but is an ideal way to safeguard your retirement funds with a more secure retirement strategy. This book is a must read for any investor who has lost more than 20% in the market this year. That's the amount my loss was and I am still counting. I put all my mutual funds in cash for now and am looking forward to setting up a separate account with a newly selected independent financial planner not a stock broker to set up a separate account for me in 2009. You will be impressed by Don Wilkinson's book. Even Ken Fisher, principal of Fisher Investments--the number one financial firm in the country -has endorsed this book. If my words don't get your attention here, wait until your receive your taxable mutual funds capital gains taxes the first of the year. Buy the book now, and start planning to beat this insane economy! ***** 5 stars

Excellent Information

As an investor in mutual funds for many years, I have finally found the answers on why I have been losing money consistently in mutual funds. For example, the book powerfully and successfully explains the excessive fees and the built-in capital gains burden of mutual funds. The idea of "tax harvesting" performed by a professional money manager described clearly in the book makes sense to me. Unlike one reviewer, who appears to want a textbook to teach financial planners about separate accounts, I 'm an investor who demands solutions not a myriad of details. I expect my Financial planner to take care of the specifics. After reading this book, I am going to be questioning him on why he hasn't put my portfolio into a separate account earlier. This book is for investors like me. Low returns, paying excessive capital gains taxes, nicked by fees and charges I don't even know about is my history investing in mutual funds. This book offers an alternative--separately managed accounts-- and makes sense for the right investor. Check it out. I give it high marks

Finally, a book that tells the truth about mutual funds...

The first pages of this book really brings it home on why mutual funds are not the investment I was brought up to think they were. As I examine my own account after reading this great book, I am seeing poor performance with high fees, unfair taxes and lack of ownership control over my own stocks. Thank goodness, the author offers an alternative that appears to be superior in most every way to mutual funds. I made an appointment for next week with my advisor to review my portfolio. I am wondering why he didn't put me in separate accounts in the first place?

Easy to read. Great Information

A book written for the investor. I now have a better understanding of what separate accounts are. Reducing the fees, being able to customize my portfolio, and lower turnovers-- this is better than what any mutual fund can offer. I highly recommend this book. You can easily read this book in one weekend. For anyone who wants to increase their savings, I would go out and buy this book.

New invester finds the truth about mutual funds very revealing

Ever since I began investing in mutual funds in 2000, I have either lost money with lousy returns or I would get a big tax bill from Uncle Sam. I thought before picking up this book that I was just making bad choices. Now, after reading this great book, I know now I have been paying too much for poor performance. Not only that, capital gains are furthur reducing my gains along with excessive trading costs, I have no control over. This book tells me I have an alternative choice with a separate account that I will always know how and what I am paying for my stocks and being a new investor will have a professional money manager to make good decisions for me. After reading this book, I am now looking for a financial planner who specializes in separate accounts.This is a most informative book for people like me! Goodby mutual funds! Five stars!