CHAPTER 14
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TAKING STOCK of YOUR PORTFOLIO
“I just do whatever my broker says.”
So far, we’ve uncovered promises hidden by the veil of convenience. Now let’s go deeper, to a place where promises are not hidden at all—in fact, where they are in plain view, but where our culture has convinced us to ignore them. Welcome to the world of financial investment.
If you’re one of the millions of Americans fortunate enough to have an investment portfolio, yours may contain mutual funds. Mutual funds are pools of capital managed by a professional money manager; they comprise many individual companies, sometimes hundreds of them. If you hold one of these ...
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