Chapter 3
Paperwork and Your Rights
IN THIS CHAPTER
Making a fund purchase
Figuring out a prospectus in a few seconds
Getting to know the management report of fund performance
Seeing what your account statement has to say
Checking on how your investment is growing through annual reports
Ever get work done on your house and notice how contractors talk? They use expressions such as “six of one and half a dozen of another” or “you could do that,” and they’ll pound ’em out in a barrage that leaves you more confused than before. People in the investment business like to drone on in the same way. They produce documents that explain every angle and aspect, but skip the stuff you really want to know: Is this fund any good and how has it done?
Investors hate getting piles of paper in the mail, but the glossy brochures keep coming. To some extent, the verbiage isn’t the companies’ fault. Securities law obliges those selling investments to disclose trivia their clients couldn’t care less about. ...
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