Bogle Mutual Funds B&V Ed - Softcover

Bogle

Softcover

ISBN 10: 0786302348 ISBN 13: 9780786302345

Publisher: Irwin, 1993

Synopsis

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.

About this title

From the Inside Flap

John Bogle—investment giant and founder of the Vanguard Group of mutual funds—offers a hands-on guide for creating a long-term investment program that can be tailored to any investor's financial goals. Written in down-to-earth terms for investors at any level, Bogle on Mutual Funds: New Perspectives for the Intelligent Investor explores the rewards of investing, the inherent investment risks, and the pitfalls to avoid. Drawing on his years of investment wisdom and success, Bogle outlines the time-tested principles and practicalities of investing through mutual funds.

At the heart of Bogle's analysis are three "New Perspectives" on key investment issues. When the first edition of Bogle on Mutual Funds was published in 1993, these topics had not been given much attention in financial literature. Today, however, these ideas are firmly in the mainstream of investing's conventional wisdom. Those three new perspectives—index funds, mutual fund costs, and taxes and mutual funds— remain critically important topics for mutual fund investors to consider. Bogle shows the way to intelligently navigate these issues in order to maximize your chances for investment success.

Bogle's approach to mutual fund investing offers an effective method for developing a broadly diversified investment program. Step by step, he shows how to develop a long-term and strategic investing approach that balances the myriad market risks and shows how to manage the bumps along the volatile road of the marketplace. With Bogle on your side, you can learn how to spot excessive fees, reduce taxes, steer clear of overblown advertising claims, and ultimately create a portfolio that will meet your own financial objectives.

Bogle on Mutual Funds gives investors the keys to adopting an effective asset allocation strategy, selecting appropriate mutual funds, and employing the savvy use of index funds. Fundamental to the Bogle approach is an understanding of the role of the many costs of investing, including advisory fees, operating expenses, and sales charges. Return, risk, and cost are the three legs of Bogle's eternal triangle of investing.

John Bogle has built his acclaimed mutual fund company on the fundamental principles of candor, fairness, and low cost. Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, his first book, has become a classic. The framework it presents for creating an investment portfolio is well grounded in Bogle's fact-founded wisdom and guiding principles, proven over and over again during the near-quarter-century since its first publication in 1993.

From the Back Cover

Investment giant John Bogle's guide to creating a solid portfolio

"Dear Jack: I read your book from cover to cover and enjoyed it immensely. It is honest, sensible, and readable—a very rare combination. Your book is going to be an important one for mutual fund investors for many years to come."
—Warren E. Buffett

John Bogle is the acclaimed founder of the Vanguard Group , a unique, shareholderowned firm that is based on his guiding principles of candor, fairness, and low costs. With Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, any investor—no matter what your level of expertise—can tap into the wisdom of John Bogle's proven mutual fund investment approach.

Whatever your long-range financial goals, Bogle on Mutual Funds can help you to put in place a portfolio strategy that is grounded in the three legs of Bogle's eternal triangle of investing: return, risk, and cost. Bogle includes model portfolios that can help you intelligently make your most important investment decisions.

You'll also find Bogle's original analysis of "New Perspectives" on three key issues: 1) the elegantly simple case for index funds, 2) the overbearingly large impact of costs on mutual fund returns, and 3) the impact of taxes on mutual fund returns. These three topics were rarely considered in 1993 when Bogle on Mutual Funds was first published. Now they are at the heart of investing's conventional wisdom.

Written in terms equally accessible to both the investing novice and the professional investor, this book is an important resource offering a reliable investment framework. This book will help you to become a more successful investor.

Edition details

• Publisher: Irwin
• Publication date: 1993
• ISBN 10: 0786302348
• ISBN 13: 9780786302345
• Binding: Paperback
• Language: English