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Mutual Funds/Expert Profile
Expertise
Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience in the area
Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
What do you like about this subject?
Mutual funds are like life: complex, somewhat unpredictable, treacherous, and absorbing.
What do you still hope to achieve/learn in this field?
I'd like to write a general book about investing, urging the average investor to put most of his or her money in life-strategy funds. Most portfolios that I look at are godawful messes.
Something interesting about this subject that others may not know:
Recently the historic Morningstar rating of a famous, much praised index fund, Vanguard Small Cap Index, was 1.6 stars--between "lowest" and "below average." Index funds are wonderful, but some are not so wonderful as others.
Something controversial or provocative about this subject
The recent list of 62 "best funds" in the Wall Stret Journal was, as I wrote, "mechanistic and moronic."
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Fritz Allhoff | 10/19/11 | 10 | 10 | 10 | great response, thanks so much. |
| Kenneth | 09/26/11 | 10 | 10 | 10 | Thanks for the reply! |
| wo | 08/26/11 | 10 | 10 | 10 | Thank you Warren. |
| lee | 08/08/11 | 10 | 10 | 10 | |
| Miss Wilson | 07/24/11 | 10 | 10 | 10 | Warren, thank you so much for a ..... |
Recent Answers from Warren Boroson
2011-10-19 calculating interest:
ASSUMING that there was a constant annual interest rate, compounded weekly, I find the annual interest rate is 21.63%, using Mathematica for an exact calculation. To set it up, 172,000 = 3,000 (1+r)^51/52
2011-05-04 specific fund opinion:
I wouldn't buy either of them. While the American funds family is splendid, American doesn't have all the really great mutual funds. And in fact it's a good idea to diversify out of a single mutual
2011-05-04 specific fund opinion:
Probably. But I should know what other funds you own...what your goals are...your age...and so forth to give an especially helpful comment.
2011-04-28 bond funds:
They tend to pay more--because they don't have the high costs of annuities. Which typically include commissions to salespeople. Annuities may claim that they pay xxx a month, which seems high, but some
2011-04-25 bond funds:
Most bond funds don't have a maturity date. The funds keep buying new bonds. You can sell your shares anytime. No penalty--but you might lose money, especially if interest rates have gone up. BUT
Answers by Expert:
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