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A useful low cost noload mutual funds and ETFs book

One of the best investing books that can help you to lower your portfolio fees, lessen your investment risk exposure, and increase your retained investment returns

lowest cost index mutual fund personal finance book

This article reviews a no load funds investment book that is one of the most useful personal investment books you will find. Named Low Cost Mutual Funds and ETFs, this investment education book addresses the biggest challenge that many personal investors are confronted with: investing fees which are much too excessive.

Also, the book provides a clear and easy to understand description concerning what works regarding individual investing strategies, and it summarizes straight forward how-to information. With this book it is easy to find the lowest cost and exchange-traded funds.

This book lists the 212 very lowest cost no load in 30 different asset categories, plus it lists 208 very lowest cost ETFs in 27 separate categories. All these lists are screened with factors supported by academic investment research that are explained in this useful investing book. These top no load funds and ETF lists offer a full spectrum of low cost no load mutual fund and ETF choices for any investor.

This very useful book of over 250 pages was written and researched by Larry Russell, who is an experienced financial advisor in Pasadena, California who has degrees from MIT, Brandeis University, and Stanford University.

The problem with long term investments: The great majority of investors pay far too much in investing fees and costs and receive far too little in exchange for these costs

Charging individual investors extremely high for its purportedly greater insight, the vast majority of the financial services industry really just feeds on the returns and assets of individual investors without contributing net positive value. In a nutshell, you are simply a financial services industry revenue and profit center.

The investment industry makes the investing process overly and unnecessarily complex, by flooding the market with complex investment products and services that are unjustifiably expensive. Then, the investment industry provides self-interested and biased “free advice” on selecting investments, and this is the most costly “free advice” naive investors will receive in their lives. Without looking for less expensive investment services and products, such as the listed in theis book, investors are far more likely to receive recommendations to buy these excessively costly securities services and products.

Unjustifiably expensive securities products and services are your real enemy as you invest. The more that you allow the financial industry take from you, the less your family will have. Keep your assets. You do not have to participate in this unfair game.

With the help of this Low Cost Mutual Funds and ETFs investment book you can quickly reduce your long term investment fees, reduce your portfolio risk, and enhance your retained investing earnings. Reducing your investing fees down to the bone is the most significant investment strategy available to you.

For decades, inexpensive noload mutual funds and more recently lowest cost exchange-traded funds have produced better returns accounting for risk. After taxes and costs have been accounted for, investors simply hold on to more of their investment return. In addition, investors who buy lowest cost reduce risk, expend much less effort, are not subjected to pressure sales tactics, experience much less hassle, plus save time on their retirement investments.

You can make your own investments directly with investment funds, and you can a better job of it. All you need is correct investment information. For some absolutely straight investment eductation information on what actually works with individual investments get this book.

Information about the top no load funds and ETFs in this investment education book

lower cost mutual fund finance book

This investing book provides lists of 212 lowest cost noload mutual funds and 208 lowest cost ETFs in 30 and 27 separate classes, respectively. Included noload mutual funds and index ETFs are characterized by having no sales loads, no marketing charges, and the lowest management fees. In addition, included have significantly reduced investment portfolio turnover which is associated with lower securities trading expenses.

The listings of noload mutual funds and ETFs cover:

  • Global, international, and US multi-cap, large-cap, mid-cap, and small-cap stock investment funds with low costs with growth and value equity investment funds
  • US, global, and international long-, intermediate-, and short-term government, treasury, corporate, municipal, and inflation protected fixed income investment funds with low costs
  • Money funds and real estate funds with low costs

With this book you can select a lowest cost retirement investment portfolio which is fully diversified by investment asset class and geography

Your savings with this useful noload mutual funds investment book

Depending upon how big your portfolio is, this modestly priced investment education book would save you hundreds or thousands of dollars year in and year out. If you lower your total long term investment expenses and costs by just a single percent of assets a year and you have a no load mutual fund investment portfolio of $10,000, your investment savings will be $100 per year. If you have $50,000, you would save $500 each year. If you have $100,000, you would save $1,000 per year. Because total annual investment fees and expenses paid by the average individual investor add up to between 2% and 2 & 1/2% a year, the great majority of investors would in reality save two percent annually. Therefore, these annual investing savings on total fees and expenses savings could be double per year — across their entire lives.

Some might think: “Sure this is what I could save, however when I spend more, I would receive higher investment yields.” Sorry, unfortunately financial research clearly will not justify paying more in costs for either sales load or no load bond funds. These are just a few financial research quotes from this book:

  • “109 of these 111 comparisons indicated that higher bond expenses meant lower returns.”
  • “Annual under performance of the broker-sold funds at $4.6 billion dollars…and $9.8 billion in 12b-1 fees … other distribution fees such as loads.”
  • “The inferiority of active investment strategies … across the various countries, when the time horizon increases active strategies are increasingly inferior.”

If you actually think you will receive better investment return, when you pay increased fees versus reduced expenses, then you really do need to get and read this important investing book! This added investor education information helps this to be one of thebest books on investing out there.

Summary of author’s background

top ETF personal finance book

This individual investor book, by Lawrence Russell has been written with his objective and in-depth knowledge concerning what really works in personal financial practices and retirement investment methods. He is a knowledgeable fee only financial planner in the Pasadena and LA, California area. His stated objective is “to improve people’s knowledge and improve their capability in managing their own finance and long term investment situations.”

Larry is the author and publisher of many personal finance publications on the web and the designer and developer of automated home lifetime financial planning software. Across decades, Larry has extensive knowledge in finance, economics, investments, taxation, accounting, probability, statistics, software development, and web technologies. Over twenty-five years, he worked as an executive and manager in the software industry with firms like Sun Microsystems and Hewlett-Packard.

Retiring from the industry in 2001, Larry started a systematic and in-depth reading of the research literature that affected retirement investments and financial planning for his own interest. To make this research literature better available for individual investors, during 2003, he started to author and publish finance and investments academic research article summaries on his oldest how to invest money education website, The Skilled Investor. From 2003, Larry has authored and published in excess of 1,000 investments and personal finance postings across a half-dozen of his personal finance and investing sites. A portion of this personal finance book was drawn from these web articles, and links provided in this ebook enable you to explore his investing and personal finance websites.

Also in 2003, Larry started to develop sophisticated and highly customizable do-it-yourself lifetime financial planning software. This investing and personal finance software worksheet, VeriPlan, was developed at the beginning to serve as a personal finance decision support application for financial advisory customers. In 2006, he started to design and develop an individual user configuration of VeriPlan which home individuals can use themselves. VeriPlan is now the most sophisticated and highly customizable do-it-yourself life cycle personal finance software that is available on the public market for much less than competitors investments and personal finance software tools.

(Investing book cover watering can photograph taken by Alan Cleaver on Flickr.com)

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Top Ten Large Cap Value Funds with Low Costs

Low expense ratio, top ten large cap value mutual funds

This investing analysis covers much lower expense large cap value mutual funds. In this summary, we consider the top 10 large cap value mutual funds, which have much lower investment fees compared to the average large cap value mutual fund. The primary goal of this report is to list lower expense large cap, no load value mutual funds, since lower investment management expense ratios are key, when you are choosing the best large cap value funds. This investment summary explains the reasoning.

Top ten large cap value mutual funds with the lowest investment fees

  1. Vanguard Value Index – Admiral
    • 0.14% — annual management expense ratio including 12b-1 fee (if any)
    • n/a — taxable account minimum investment
    • VVIAX — ticker symbol
  2. Vanguard Value Index – Investor
    • 0.26% — annual management expense ratio including 12b-1 fee (if any)
    • $3,000 — taxable account minimum investment
    • VIVAX — ticker symbol
  3. Vanguard Windsor II – Admiral
    • 0.27% — annual management expense ratio including 12b-1 fee (if any)
    • n/a — taxable account minimum investment
    • VWNAX — ticker symbol
  4. American Beacon Large Cap Value AMR
    • 0.36% — annual management expense ratio including 12b-1 fee (if any)
    • n/a — taxable account minimum investment
    • AAGAX — ticker symbol
  5. Vanguard Windsor II – Investor
    • 0.38% — annual management expense ratio including 12b-1 fee (if any)
    • $10,000 — taxable account minimum investment
    • VWNFX — ticker symbol
  6. Fidelity Large Cap Value Enhanced Index
    • 0.45% — annual management expense ratio including 12b-1 fee (if any)
    • n/a — taxable account minimum investment
    • FLVEX — ticker symbol
  7. Dodge & Cox Stock Fund
    • 0.52% — annual management expense ratio including 12b-1 fee (if any)
    • $1,000 — taxable account minimum investment
    • DODGX — ticker symbol
  8. Invesco Van Kampen Growth and Income Y
    • 0.63% — annual management expense ratio including 12b-1 fee (if any)
    • $250 — taxable account minimum investment
    • ACGMX — ticker symbol
  9. Invesco Van Kampen Comstock Y
    • 0.64% — annual management expense ratio including 12b-1 fee (if any)
    • $250 — taxable account minimum investment
    • ACSDX — ticker symbol
  10. Invesco Large Cap Relative Value Y
    • 0.69% — annual management expense ratio including 12b-1 fee (if any)
    • $250 — taxable account minimum investment
    • MSIVX — ticker symbol

Best large cap value mutual funds with much lower investment expenses

Lower cost investment funds tend to do a superior job of serving the financial interests of investors. More costly investment firm funds cut into mutual fund performance returns, because these higher costs continually pull on average investors’ handbags and wallets year after year.

This listing of minimum cost top 10 large cap value funds is ranked with the lowest cost investment funds first. Nevertheless, all of these value investment funds have relatively low costs. See the notes below to learn more how the list was determined.

Value mutual funds will usually not track broad stock market performance closely and, instead, will tend to move contrary to the overall market sometimes. However, the financial research literature indicates that is you are going to chose between a large cap growth mutual fund versus a value mutual fund “tilt” to a stock portfolio, at least, historically a “value tilt” has achieved better cumulative long-term performance.

While the lower cost funds on this list tend to have quite low turnover, their turnover and trading costs will be higher than a fully passive Top 10 S&P 500 index fund that targets a broadly diversified US stock market index return. So pay attention to turnover in addition to all other factors that are relevant to you.

Notes about how this no sales charge investing funds list has been formulated.

Lists of very low cost investment funds usually are relatively unchanging and stable across time. The rationale is very understandable and straightforward. When an investment fund family competes with very low cost investment funds rather than with more risky and more costly tactically active trading strategies, then that investment fund firm strategically usually intends to keep competing on lowest cost investment funds. When that investment fund firm markets passively managed, low fee, and low turnover , that company most often will continue offering similar products.

However, information on this listing of much lower cost investment company funds could have become different after this investment summary was edited, and it is your personal responsibility to check any data and information, prior to making any kind of financial decision.

These are our mechanical database selection processes that were used to develop this list of these very low cost investment firm funds:

  • DATABASE SELECTION PROCESSES: Our mechanical data base selection processes were employed on large investment fund databases which were thought to encompass essentially all of available investing funds.
  • SELECTING LOW COST NO LOAD INVESTING FUNDS IS THE PRIMARY OBJECTIVE: The main objective was to identify very low cost no sales load investing funds. This listing of these very low cost no load investment funds was selected to try to exclude those investment company funds assessing sales fees which are either front-end loads, level loads, or back-end sales loads. This investment fund listing also has attempted to remove those investing funds which assess 12b-1 sales fees, although these 12b1 fees sometimes can be hard to determine.
  • SCREENED INVESTMENT FUNDS OFTEN ARE PASSIVE INDEX INVESTMENT FUNDS: Because low cost noload investment funds usually are passive , they also usually have far lower securities portfolio turnover versus the higher securities portfolio turnover characterized by non-index tracking, tactically active funds. Lesser asset turnover is correlated with lesser asset brokerage and trading fees and costs. Screened funds are very often passively managed index tracker funds, as such much lower cost investing structures are unable to fund such more risky and more costly active investment strategies.
  • FUND PERFORMANCE HISTORY TENDS TO BE MUCH LESS RELIABLE THAN SELECTING LOWER COST NOLOAD INVESTOR FUNDS: Regarding ETFs and investment fund performance, too many amateur individual investors follow fund performance history hoping to find the top performing mutual funds in the future. Doing this tends to be an inferior strategy, because fund performance history is much less useful than picking low cost no sales charge index investment firm funds that are characterized by low fees, low turnover, and passive management.
  • LOW COSTS ARE WHY YOUR PORTFOLIO CAN EARN ENHANCED INVESTMENT FUND PERFORMANCE: If you buy very low cost no load index investment company funds, their innately low costs are the fundamental reason why your investments can obtain higher level index fund performance and ETF exchange traded securities performance yields. When you purchase lowest cost index investor funds, then expect to obtain ETF exchange traded products and mutual fund returns that track the underlying diversified index minus the lower costs you need to pay and a relatively small error in tracking the index.
  • TOTAL ASSET VALUE AND INVESTMENT FUND AGE: Regarding the total assets of these lowest cost investment funds and time that they have been in existance, most hold a minimum of a hundred million dollars of total invested assets and have been operating a minimum of three years.
  • AVAILABLE TO ADDITIONAL INVESTMENT ASSETS: Most of these much lower cost investing funds were open for additional money at the time of writing. These investor funds might be accessible to investors either via directly bought funds, though low cost stock brokers, or solely via an institutional plan open to particular investors. Probably the better method to find out about how to invest in any of these low cost investing funds is to perform a search using your favorite search engine with the investment fund name and investment fund ticker symbol.
  • ZERO DUE DILIGENCE, EVALUATION, OR ANALYSIS: Solely numerical data base selection processes were employed. Absolutely No due diligence, evaluation, or analysis of any kind was performed with any of the investor funds.

Statistical securities investing research reports compellingly prove that lesser cost investment expenses are strongly contributory toward higher level investment fund plus ETF exchange traded products performance yields. The financial asset trading marketplace isn’t a safe place for the average investor to attempt to get better returns with more active but necessarily more expensive investing stratagems which usually will lead to inferior returns.

As a matter of fact pro active asset managers usually won’t get better returns once their greater investment fund management expenses, higher trading expenses, plus higher investment taxes are calculated. The greater the investment firm management expenses, trading fees, and investment taxes, the lesser the net investment performance returns to investors. Investment fund asset managers can’t capture sufficiently high performance returns to counterbalance their increased management fees, brokerage costs, and taxes. Intrinsically, these increased and unwarranted investment management expense ratios, brokerage costs, and trading taxes make ordinary investors receive poorer real investment returns. Ordinary investors spend more and take home less.

To get more financial reports that discuss the increased and unjustified management fees, brokerage sales fees, and trading taxes associated with investment funds read these investing research studies:

  • No Load Mutual Funds addresses 7 important elements that may aid individual investors with selecting the top noload mutual funds plus exchange traded products or ETFs.
  • Also, to find least expensive S&P 500 funds see: Top 10 S&P 500 mutual funds
  • Concerning bond funds performance and management expenses read: Best Fixed Income Funds.

IMPORTANT: Our listing of the investment firm funds has been compiled by using numerical data base screening methods which removed investment company funds which didn’t meet the selection criteria listed previously. Zero analysis, evaluation, or due diligence of any sort has been done on any of the investment funds on this list. Our list of investment firm funds is only for your convenience. This list is NOT a solicitation or offer to sell securities, is NOT an offer of any financial services, and is NOT investment advice. This list may not be complete. There could be errors with this information and data and it could be out of date. Also, there could be errors in or problems with the underlying databases, the automated data base selection methods used, and/or the editing, publication, and transcription. It is entirely and solely your responsibility to verify all and any data and information, before you make any personal financial decision.

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