The Great Mutual Fund Trap: An Investment Recovery Plan

Gregory Baer is the former Assistant Secretary of the Treasury for Financial Institutions, and Gary Gensler was once Under Secretary of the Treasury responsible for policies in the areas of U.S. financial markets, debt management and financial services. The two have teamed up to write The Great Mutual Fund Trap: An Investment Recovery Plan. Their book is meant for Americans who invest in the stock or bond market as a means to achieve long-term goals-such as paying their children's college tuition or securing their own retirement-but who, say Baer and Gensler, are paying unnecessary fees and running needless risks. Wishing to alert consumers to the traps that await them in financial markets, the authors offer alternatives and new opportunities for investors to improve returns and diminish risks, such as moving from ""active"" to ""passive"" investment, investing in international stocks, distrusting ""hot funds"" and investing in index funds. Conversational and easy to read, Baer and Gensler present realistic advice that will be useful to everyday investors.