I figured a book with a title of "Build your own mutual fund" would be an interesting read nevertheless a good introduction to building "folios" (see foliofn.com for more info on folios.)
However this book focused more on the basics of personal finance, which I know is the most important aspect of investing but if I wanted a book to tell me how to figure out my net worth I would buy a book on personal finance basics.
This book was supposed to be about creating your own basket of stocks but instead it wanted to teach us the basics of finance and I feel I wasted my time and money purchasing this book since everything in this book can be found on foliofn or in any "how to save money for your retirement book" which is very unfortunate since the author, myself and I'm sure others feel that the folio concept will just get bigger and bigger. I have even considered starting a folio except I realized that if I were to really make anything out of it I would need to switch most of my trading capitol over to foliofn just to try it out, and that is something I am not ready or willing to do.
Overall I feel that if you need a book on the basics of personal finance and you want a short introduction to this interesting investment approach this book may be for you. For everyone else please wait for a more advanced book on folios to arrive.
However this book focused more on the basics of personal finance, which I know is the most important aspect of investing but if I wanted a book to tell me how to figure out my net worth I would buy a book on personal finance basics.
This book was supposed to be about creating your own basket of stocks but instead it wanted to teach us the basics of finance and I feel I wasted my time and money purchasing this book since everything in this book can be found on foliofn or in any "how to save money for your retirement book" which is very unfortunate since the author, myself and I'm sure others feel that the folio concept will just get bigger and bigger. I have even considered starting a folio except I realized that if I were to really make anything out of it I would need to switch most of my trading capitol over to foliofn just to try it out, and that is something I am not ready or willing to do.
Overall I feel that if you need a book on the basics of personal finance and you want a short introduction to this interesting investment approach this book may be for you. For everyone else please wait for a more advanced book on folios to arrive.
Reed Floren