The Mutual Fund Fallacy: Why Mutual Funds Are The Worst Investments

The last time I put my money in a mutual fund and made something substantial was about 3 years ago. (And that was EPACK - What I used to call the Praise-the-Lord Fund). Unlike what some analysts always advice, I do not diversify my portfolio with mutual funds managed by other firms. I have over the years evaluated some mutual funds in Ghana ,and thought the brilliance of their fund managers is enough to grow the fund. That did not happen. Young investors mostly start with mutual funds, others use the safe income Mutual funds as their "Savings Account" and argue that those are better options than what their banks offer them. The debate whether mutual funds are good investments continues. What is your take? Let's watch the video and see why this man thinks Mutual Funds are the worst investments.

Top Ten Places EPACK Puts Your Money

Mutual Monday: Comparative Yields on Mfund and 91-day T-bill

Welcome to Another Mutual Monday - When I focus on mutual funds and their investors.
Below is a Databank-created Comparative Yields on Mfund and 91-day Treasury Bills from 2004 to 2012 along side comparison with the average saving rate.

List of Mutual Funds in Ghana and their Fund Managers: Mutual Monday Continues.

Welcome to another Mutual Monday.  In my previous posts, we looked at the facts behind some Mutual funds in Ghana. Below are the posts you may have missed;
1 .Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.
2. Mutual Monday: What you must know about EPACK, the 'Praise-the-Lord' fund.
3. Mastering the Balanced Fund (B-Fund): The new focus on a 'Mutual Monday'
4. How to master mutual funds; focus on the iFUND mutual fund
Per the request of some readers of this blog, I want to provide a more detailed list of the Mutual Funds and Unit trusts that exist in Ghana.

Mastering the Balanced Fund (B-Fund): The new focus on a 'Mutual Monday'

It's another Mutual Monday and the focus is now on the Databank Balanced Fund also known as the B-Fund. Before we look at this mutual fund, lets recap all we did on the journey to Mastering Mutual Funds in Ghana. I wrote on the following;
1. Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.
2. Mutual Monday: What you must know about EPACK, the 'Praise-the-Lord' fund.
3. How to master mutual funds; focus on the iFUND mutual fund


In the above posts, I stated the various types of mutual funds and unit trusts in Ghana and went further to focus on EPACK and iFUND showing clearly what they invest your funds in.

How to master mutual funds; focus on the iFUND mutual fund

As we planned to master mutual funds and unit trusts, let us find out what the iFUND is and how best we can benefit from it and understand how it is managed. In my previous post, we look at EPACK (What you should know about EPACK), now our focus is on iFUND from EDC, a member of the Ecobank group.

The iFUND is mutual fund from Ecobank Capital (formerly, Ecobank Development Corporation, EDC) and it is structured to invest in both fixed income securities (Treasury bills, bonds, etc) and equities (stocks). The portfolio structure of iFUND reveals that,

Mutual Monday: What you must know about EPACK, the 'Praise-the-Lord' fund.

It's another Mutual Monday and welcome to journey to mastering mutual funds and unit trusts. With reference to my previous post, (Mutual Monday: Investment Funds (mutual funds & Unit trusts) in Ghana), let's take the funds one by one and know more about them. Let start with EPACK.
EPACK is a mutual fund, established and managed by Databank Financial Services since 1996. It is a long term (from 3yrs) investment fund that pools money in different amounts from different people for investment  primarily in Shares listed on the Ghana Stock Exchange.

Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.

Today is another Mutual Monday and welcome to my blog. In today’s post I would outline the various types of investment funds we have in Ghana and the fund managers of each. Mutual funds and Unit trusts are referred to as investment funds. Mutual Fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as bonds, stocks, money instruments and similar assets. Each shareholder or unit holder participates proportionally in the gain or loss of the fund. In my next posts, I would go into details and explain how it is managed or priced.

Mutual Monday: Ghana's Mutual funds' Update on Mondays

I would on every Monday post analysis on mutual funds and unit trusts in Ghana and how best individuals can take advantage of them. I would look at their financial statements, management, directors and fund managers and I would also from time to time make comparative analysis between two mutual funds and educate investors.