Bogle on Mutual Funds

John C. Bogle, founder of the Vanguard Group ofInvestment Companies, has built a $100 billionmutual fund company on principles of candor, fairness,and low cost. The most outspoken critic of themutual fund industry, Bogle speaks to the seriousmutual fund investor, both novice and seasoned, inthis straightforward assessment of an industry Boglehimself helped revolutionize. Here he offers theessential principles of canny mutual fundinvesting, as well as caveats to protect the...
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John C. Bogle, founder of the Vanguard Group ofInvestment Companies, has built a $100 billionmutual fund company on principles of candor, fairness,and low cost. The most outspoken critic of themutual fund industry, Bogle speaks to the seriousmutual fund investor, both novice and seasoned, inthis straightforward assessment of an industry Boglehimself helped revolutionize. Here he offers theessential principles of canny mutual fundinvesting, as well as caveats to protect the investor.Readers will learn how to- Ask three criticalquestions before investing. Evaluate risk tolerance anddesign a portfolio to meet current financialobjectives. Develop a diversified portfolio of equityfunds, bonds, and money market funds that willweather the market's short term variations. ApplyBogle's eight model portfolios to achieve their ownfinancial goals. Always find themselves in a winningmoney market fund. Protect themselves frominflation Use index funds to effectively balancerisk/return. Anyone who is serious about mutual funds canapply the dynamic investment principles ofBogle On Mutual Funds to establish awinning, long-term investment portfolio.