Mary Farrell's Beyond the Basics
How to Invest Your Money, Now That You Know a Thing or Two
by Mary Farrell
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Editions of Mary Farrell's Beyond the Basics
 |
ISBN |
Binding/Format Hardcover |
Publisher Simon & Schuster |
Date 2000 |
Price $1.00 |
 Very Good |
Publisher Notes
Offers investment advice on everything from mutual funds and fixed-income investments to retirement and estate planning, with an emphasis on a thematic, long term approach.
Excerpt
Index funds will only do as well as the specific benchmark they are designed to mimic. Most people intuitively understand the upside of this approach: if the S&P 500 is up 10 percent, then their S&P Index fund will be up 10 percent as well (minus expenses). But many people forget about the downside. The index will track--on a percentage by percentage basis--any loss as well. So if the S&P 500 is down 12 percent for the year, the index fund will also fall by that amount. That is a risk you take with a passively managed fund. An actively managed fund might give you some protection in a down market.
First Line
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