Negative Positive
Title: Bad advice from an angry financial planner
Review: This book sounds like the author is angry at index funds for siphoning off some of his commissions. His advice on investing in index funds (not) goes against most financial wisdom. He keeps repeating that these funds don't really beat the S & P 500 as they claim. What he doesn't mention is that most are within a percentage point or less of of matching the S&P. That's why people continue to invest in them. He also claims most funds will beat index funds in a down market. Oh yeah? Maybe he'd like to look at Janus Mercury, Janus 20, Fidelity Megellan etc. etc. etc for the last fiscal year. I could go on and on but you get the picture. Other advice I could get from my father or the man on the street i.e. don't spend too much on a wedding. Really? How insightful. If you must, check this out at the library, but don't waste your money on it. That's one of the "New Rules" you won't find in his book.
Is the review positive or negative? 