Focusing on the pitfalls in investing, this book enhances awareness of both external and internal traps that investors and practitioners may face. It aims to equip readers with the knowledge to recognize and avoid these pitfalls, ultimately guiding them towards more informed decision-making in their investment strategies.
H. Kent Baker and Vesa Puttonen show new investors how to avoid rash financial decisions and basic investing sins. They help them to recognize and avoid common investing mistakes, behavioral biases, and traps that can affect sound judgment and reduce wealth. Ultimately, they explain how to separate investment fads from time-tested principles.
The Savvy Investor's Guide to Pooled Investments offers a practical guide to anyone interested in gaining a basic understanding of mutual funds, exchange- traded funds, closed-end funds, unit investment trusts, and real estate investment trusts. It uses a Q&A; format to examine what you want and need to know before investing.