The Money Machine: how the mutual fund industry works - and how to make it work for you
| Daniel Stoffman became intrigued by the mutual fund industry while
writing Boom Bust & Echo with David Foot. In The Money Machine:
how the mutual fund industry works - and how to make it work for you,
Stoffman brings to life a hugely important but virtually invisible industry
through lively storytelling, thorough research, and penetrating analysis. Most
investors are unaware of the fees they pay to own mutual funds. Few realize
that financial planners are remunerated by the fund companies into which they
put their clients' money, which means their advice may not be objective. And
not many understand that mutual fund companies can thrive even when they
deliver mediocre performance. The Money Machine is must reading for
every Canadian with an investment account or an RRSP.
Written by Daniel Stoffman. Published by Macfarlane Walter & Ross, 2000.
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Last modified: October 3, 2000
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