Jay Schabacker's Winning in Mutual Funds

By Jay Schabacker and Marjory Ross

Book Overview

A guide to Jay Schabacker's safety-first, high-performance mutual fund investing strategy. Providing updated funds and investor data, the book shows how to build a mutual fund portfolio, pick the fund that matches your investment style, and select the best funds.

• Format: Hardcover
• Language: English
• ISBN: 081440216X
• ISBN13: 9780814402160
• Release Date: January 1994
• Publisher: AMACOM
• Length: 240 Pages
• Weight: 1.20 lbs.
• Dimensions: 9.3" x 6.3" x 1.3"

Customer Reviews

a few thoughts

NOTE: the editorial reviews by the library journal and book list, above, don't apply to this book - wrong book, they're for another book, ie they're in the wrong place.Ok, on to the "Winning in Mutual Funds" by Jay Schabacker. - Half of the book is out of date. It has data on Funds at the time it was written. - The other half is just outstanding, and makes the book a worthwile read.- It includes a 'market riskometer' (my term) which is very fine indeed. As close to a the nutshell as you can get and still be eminently usuable. Makes the book worthwile all by itself. - Also includes a cogent explanation of the business cycle, which again, makes the book a worthwile buy all on it's on own. I've never seen the business cycle explained in such an easily acquirable way. Not only that, but for the budding market timer it is the bee's knees or the cat's meow, if you prefer. Puts you on top of the macro economic picture in a couple of hours of reading. - Both the cycle and and the riskometer can be used to time the market, by themselves or in combo. Again, great stuff.- Portfolio allocation: There are a couple of questionaires which, should you take them, will allow you to construct your portfolio allocation. Again, great stuff. Easier on the eye, and more comprehensive than, say MorningStar, etc, or similiar online venues. Although one will need to use something of the sort to pick individual funds, since as i mentioned previously, the individual fund data is out of date. Overall, this is a book for those that might find asset allocation attractive, a proven concept as it's been found to be more than 60% of gains as opposed to stock picking which tends to be around 20% of gains. You'll find the book interesting if you believe in market timing, a concept that has not been proven but on the face of it seems eminently sensible. You'll find the book interesting if you want to invest when risk is lowest and be less invested when risk may be highest,oddly enough a contrarian concept. Here I don't know what the consensus is, but being less invested when the risk is highest will limit downside, on the other hand it can definitely limit upside should a bull occur and one is partially on the sidelines. Read the book, well worth time and treasure. I recommend it. There are hundres of books you can skip, but read this one and you'll be one step ahead.