Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Mutual Fund Suggestion

December 26, 1996January 31, 2017

So Grandpa, who gave you $100 on your first Christmas, $200 the second, and so forth (God bless Gramps), just gave you $3,800 yesterday, and you’re wondering how to invest it. The first $1,800 you’re going to use to pay off your credit cards — not having to pay 18% interest is like earning 18% tax-free, risk-free. But what to do with the remainder?

Earlier this month someone asked my opinion of the New Perspective fund. I knocked it for its load, and a couple of other things, without offering much of an alternative. So, OK. Here’s an alternative:

“The relatively new T. Rowe Price Global Stock Fund has all of the advantages of New Perspective with none of the disadvantages,” writes my friend Less Antman. “It invests in large companies all over the world, and has the traditional Price respect for low expenses. It is managed by the same Martin Wade team that has been running International Stock to the top of the Forbes list for 7 years running (not that the Forbes list has done any better at predicting the future than anyone else).”

I realize, however, that many of you prefer to throw most of the darts yourself. Me, too. When there’s such a strong argument that it’s best to invest through mutual funds, why “do it yourself?”

Come back tomorrow for the answer. (And please put in a good word for me with your grandfather.)

Tomorrow: The Top Ten Reasons NOT to Buy Mutual Funds

 

Post navigation

← A Tort Reform Christmas Tale
The Top 10 Reasons NOT to Buy Mutual Funds →

Quote of the Day

"We're not trying to outsmart the smart guys. We're trying to sell bonds to the dumb guys."

alleged remark of the head of a Wall Street mortgage-bond group

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Trump In China II

    May 15, 2026
  • Your Health and Lungs; China and Jobs

    May 13, 2026
  • Us Vs. Them

    May 13, 2026
  • The Death Of Putin

    May 12, 2026
  • Netanyahu And Trump

    May 11, 2026
  • I Don't Blame Them A Bit For Not Paying More Than The Tax Code Requires

    May 9, 2026
  • "Doesn't It Make You Proud?"

    May 8, 2026
  • Imagine . . .

    May 7, 2026
  • Of Dead Journalists And Iran

    May 6, 2026
  • Proud Young Fascists

    May 5, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams