Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
John C. Bogle, founder of the Vanguard Group of Investment Companies, has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. The most outspoken critic of the mutual fund industry, Bogle speaks to the serious mutual fund investor, both novice and seasoned, in this straightforward assessment of an industry Bogle himself helped revolutionize. Here he offers the essential...
Search in google:
John C. Bogle, founder of the Vanguard Group of Investment Companies, has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. The most outspoken critic of the mutual fund industry, Bogle speaks to the serious mutual fund investor, both novice and seasoned, in this straightforward assessment of an industry Bogle himself helped revolutionize. Here he offers the essential principles of canny mutual fund investing, as well as caveats to protect the investor. Readers will learn how to: Ask three critical questions before investing. Evaluate risk tolerance and design a portfolio to meet current financial objectives. Develop a diversified portfolio of equity funds, bonds, and money market funds that will weather the market's short term variations. Apply Bogle's eight model portfolios to achieve their own financial goals. Always find themselves in a winning money market fund. Protect themselves from inflation Use index funds to effectively balance risk/return. Anyone who is serious about mutual funds can apply the dynamic investment principles of Bogle On Mutual Funds to establish a winning, long-term investment portfolio. Publishers Weekly In this awesome overview of investment company products and services, Bogle, founder and CEO of the $110-billion Vanguard group of funds, demonstrates that ``the abundance of information available about mutual funds is . . . overwhelming.'' Among the minute details included, Bogle tells not only how to improve your backhand, as it were, but how to get the best grass or clay for the tennis court. Fund categories past and present--index, international, income, growth, industry-specialized (electronic, health), long- and short-term bond (U.S., corporate, ``junk''), along with sales charges pro and con (Vanguard has none), high-low expense ratios, management track records and tax considerations--all are dissected to the ultimate percentile in relation to investor objectives and an inconstant economic climate. There is certainly something here for everyone, but in the aggregate the author reaches beyond the needs (and possibly the comprehension) of readers not engaged in the investment business. 70,000 first printing; first serial to Money; Fortune Book Club main selecton. (Oct.)
Part I: Building Blocks.The Rewards of Investing.The Risks of Investing.Mutual Funds.Part II: How to Select a Common Stock Mutual Fun.How to Select a Bond Mutual Fund.How to Select a Money Market Fund.How to Select a Balanced Mutual Fund.Where to Get Mutual Fund Information.Part III: New Perspectives on Three Key Issues.Index Funds.Mutual Fund Costs.Taxes and Mutual Funds.Part IV: Practical Application of Investment Principles.The Allocation of Investment Assets.Mutual Fund Model Portfolios.A Mandate for Fund Shareholders
\ From the Publisher"Bogle is rattling the status quo among the mutual fund titans." — Fortune\ \ \ \ \ Publishers Weekly\ - Publisher's Weekly\ In this awesome overview of investment company products and services, Bogle, founder and CEO of the $110-billion Vanguard group of funds, demonstrates that ``the abundance of information available about mutual funds is . . . overwhelming.'' Among the minute details included, Bogle tells not only how to improve your backhand, as it were, but how to get the best grass or clay for the tennis court. Fund categories past and present--index, international, income, growth, industry-specialized electronic, health, long- and short-term bond U.S., corporate, ``junk'', along with sales charges pro and con Vanguard has none, high-low expense ratios, management track records and tax considerations--all are dissected to the ultimate percentile in relation to investor objectives and an inconstant economic climate. There is certainly something here for everyone, but in the aggregate the author reaches beyond the needs and possibly the comprehension of readers not engaged in the investment business. 70,000 first printing; first serial to Money; Fortune Book Club main selecton. Oct.\ \ \ Library JournalBogle, 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 categories of funds: common stock, bond, money market, and balanced. He argues convincingly that a passively managed ``index fund'' costs less and is more reliable than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. This message is similar to that found in Burton Malkiel's classic The Random Walk Down Wall Street LJ 6/1/90. Bogle, long the mutual fund industry's loudest critic, denounces its misleading advertising, mediocre performance, and selfishness. Sprinkled throughout the text are ``caveat emptor'' boxes that warn readers of the hidden pitfalls of mutual fund investing. Strongly recommended for public library collections.-- Robert Kruthoffer, Lane P.L., Hamilton, Ohio\ \ \ \ \ BooknewsA candid, straightforward assessment of the mutual fund industry authored by the founder of The Vanguard Group of Investment Companies--a heavy hitter in the mutual fund business. Bogle explains the basic principles and subtle nuances of mutual fund investing while exposing the hype and fads that often lure investors into unwise decisions. Annotation c. Book News, Inc., Portland, OR booknews.com\ \
