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Monday, February 12, 2007

Why not to buy Mutual Funds (Part 2) - By Robert Kiyosaki

I was on a radio program not long ago. My host was a financial planner who was upset about the book Donald Trump and I wrote, "Why We Want You to Be Rich." In the book, Donald and I don't speak highly of mutual funds. Rather than listening to what I had to say, the interviewer wanted to argue. His position was that Donald and I weren't experts on mutual funds, and had no right to criticize. I agreed that we weren't experts on mutual funds, and reminded the host that Donald I never claimed to be..... (more)

After reading this article, I truely believed Kiyosaki's advise is very true in some way but I think part time investors should weight between the time needed to take care of their investment and fees they are willing to pay an knowledgable management to manage the investment for them.

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