The Big Investment Lie

What You Financial Advisor Doesn’t Want You to Know



In this riveting book, Michael Edesses tries to show you why people who invest in mutual funds and unit trusts are simply throwing their money away.

The theme of the book is something that resonates very well with me. I have been trying to tell friends and colleagues alike that investments in mutual funds and unit trusts are simply a waste of money with the financial institution as the primary benefactor, not the investor. Worse still are those who engage “financial planners” to help them buy these conniving products.

Many do not realize that financial institutions out there are collaborating in hatching schemes after schemes to strip you off your money. Better still, these schemes have been cleverly disguised as investment products that the public happily laps up.

Michael Edesses holds a Doctorate in Mathematics and through his scientific reasoning by numbers shows you why everyone is better off as a DIY investor. But if you are expecting charts and boring numbers you will be disappointed. The author has a gift in writing that is as profound as his talent in mathematics. Each chapter is a joy to read and will keep you tucked in your seat for a considerable part of your evenings.

Read the book before you buy another mutual fund.