Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
John C. Bogle, founder of The Vanguard Group of Investment Companies, is both a dynamic leader in the mutual fund industry and its most outspoken critic. Best known for his crusade against unfair treatment of mutual fund clients, Bogle has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. Bogle on Mutual Funds is his straightforward assessment of the industry he knows so well, written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. Rather than a quick route to "wealth without risk", this conscientious guide offers strategies for developing a diversified portfolio that will weather the market's short-term variations. With painstaking care, Bogle warns the reader of the major pitfalls common to mutual fund investing. This is the book to read if you are serious about mutual funds. Encouraging investors to take into account their investment attitudes, their position in the "life cycle" of an investment program, and the behavior of the securities markets over the long run, Bogle on Mutual Funds provides a solid framework for establishing a long-term investment portfolio, one based on sensible selections from among the thousands of stock funds, bonds funds, and money market funds available in this burgeoning industry. Every intelligent investor should read what Jack Bogle has to say about mutual funds.
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Bogle on mutual funds: new perspectives for the intelligent investorUser Review - Not Available - Book Verdict
Bogle, chairman and CEO of the $110 billion Vanguard Group of mutual funds, thoroughly discusses the risks and rewards of investing in mutual funds. He explains how to select among the four basic ... Read full review
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accumulation actively managed after-tax asset allocation asset value assume balanced funds bond returns capital gains capital return CAVEAT EMPTOR Chapter common stock funds compared corporate coupon December 31 distribution diversified ended December 31 equity fund equity mutual funds evaluation example ExMark expense ratio fees Figure forecast fund assets fund investing fund shareholders fund's gross yield growth funds high-yield bond higher impact income-oriented increase incurred index fund inflation initial investment intelligent investor interest rates investment program junk bond load funds long-term bond lower money market funds Morningstar municipal bond mutual fund industry percentage points portfolio managers portfolio turnover purchase rates of return reduce reinvestment relative returns sales charges sales loads selecting shares short-term bond funds Standard & Poor's stock funds stock/bond stocks and bonds Table tax-deferred tax-exempt taxable ten-year total stock market transaction costs U.S. Treasury bills U.S. Treasury bond value funds Vanguard Group variable annuity volatility