Common Sense on Mutual Funds
A Buisness, Finance, Economics book. The idea that a bell rings to signal when investors should get into or out of the market is...
John C. Bogle shares his extensive insights on investing in mutual fundsSince the first edition of "Common Sense on Mutual Funds" was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated "Second Edition, " Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them.Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.Written...
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- Filetype: PDF
- Pages: 656 pages
- ISBN: 9780470597484 / 470597488
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More About Common Sense on Mutual Funds
The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. John C. Bogle, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor // Gold is often sought as a refuge during times of financial travail. True to form, the price of the precious metal more than tripled in the 1999-2009 decade. But gold is largely a rank speculation, for its price is based solely on market expectations. Gold provides no internal rate of return. Unlike stocks and bonds, gold provides none of the intrinsic value that is created for stocks by earnings growth and dividend yields, and for bonds by interest payments. So in the two centuries plus shown in the chart, the initial $10,000 investment in gold grew... The mutual fund industry has been built, in a sense, on witchcraft. John C. Bogle, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor //
John Bogle explains, in detail, the benefit of ensuring that your portfolio is made up of low cost and low turnover investments. He compares the returns of actively managed funds with the returns of index funds and shows the long-term impact. It is striking how a tiny difference of .3% in expenses can dramatically alter that funds available... In this book, Jack Bogle makes a pretty compelling argument for investing in low-cost index funds. He discourages the reader from trying to time the markets and gives numerous examples to the ineffectiveness of the approach. This book is perhaps better suited for an experience investor who is interested in learning about more intricate... This book is a classic for a reason. Bogle, one of the greatest financial figures of the 20th century, gives his recommendations for investing (he recommends Index Funds, like so many other people, while he was the one to introduce them to the general investing public back in 1975).
