by John C. Bogle
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| List Price: | $25.00 |
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| Lowest New Price: | $3.22 |
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Product Description
Bogle on Mutual Funds is a straightforward assessment of the industry written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but Bogle on Mutual Funds also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. This conscientious guide offers strategies for developing a diversified portfolio that will weather the markets short-term variations. Bogle warns the reader of the major pitfalls common to mutual fund investing. Ideal for investors at every level of expertise, Bogle on Mutual Funds shows how to: Design a portfolio of funds to meet your current financial objectives; Recognize excessive fees, minimize taxes, evaluate investment risk, and spot false advertising claims; Balance risk and return through asset allocation strategy and tactics, astute fund selection, and effective use of index funds; Understand the important role of cost, the third leg (along with risk and return) of the eternal triangleof investing; Interpret the data found in such sources as syndicated newspapers, Morningstar Mutual Funds, and other mutual fund guides, and use that information to make better investment decisions.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Bogle's the Best, 2008-07-16
Great price $01. plus shipping! This is a timeless classic for all mutual fund investors.
3 of 4 people found the following review helpful:
An outstanding guide for investors, 2008-04-22
"There are intelligent ways to go about investing and less intelligent ways." So says John Bogle, one of the most influential money managers of the last 50 years.
Bogle was one of the leaders in making index mutual funds available to ordinary investors. Bogle's index funds, and others that followed his example, helped turn very, very ordinary investors into very, very rich investors. This book essentially explains why Bogle's investment philosophy succeeds so well.
The book concentrates on the three basic types of mutual funds: stock, bond, and money market funds; describes the three important characteristics that all investments have: risk, return, and cost; explains why different categories of assets -- stocks versus bonds, for example -- have different risk and return characteristics; and shows how to construct an intelligent, balanced portfolio that will help you meet your investment goals.
One of the keys to Bogle's strategy is the idea that, while investors don't have direct control over risk or return, they do have direct control over cost; and by choosing low-cost funds (index funds are very low cost!), investors can dramatically improve their results. One of the other keys to Bogle's strategy is the efficient market theory, which, among other things, supplies an important part of the theoretical justification for relying on passively managed index funds. Those aren't fun, sexy concepts, and Bogle's methodical discussions don't do much to make them more entertaining. On the other hand, they will help you make money if you understand and apply them, and making money through investing is both fun and sexy!
This book is over ten years old now, so it doesn't have much to say about exchange-traded funds, sector funds, or some other, recent developments in financial management, but the basic principles it describes can easily be applied to those new-fangled inventions too.
This is one of the best books I've ever read about investing.
0 of 0 people found the following review helpful:
The single best book on investing!, 2007-08-28
If you're going to read one book on investing and one book only, this is the one! Really, you won't need any other - it's that complete and that good. Not everybody can invest in index funds, but you can and you very probably won't get a better result any other way.
0 of 0 people found the following review helpful:
Ecellent book about mutual fund, 2007-06-27
One of the best books about mutual funds in the market even though it is over a decade old.
1 of 3 people found the following review helpful:
 Good Source of Info on Mutual Funds, 2007-03-31
I thought that this was a very thorough book on mutual funds. Bogle brings to light many things that I wouldn't have known. The only problem is it requires good concentration to get through parts of this book as it can be a bit dry at times. Very good source of information overall. I would recommend it for someone to have as a reference.
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