Additional information
by John C. Bogle (Author)
The seminal work on mutual funds investing is now a Wiley Investment Classic
Certain books have redefined the way we view the world of finance and investing--books that should be on every investor's shelf. Bogle On Mutual Funds--the definitive work on mutual fund investing by one of finance's great luminaries--is just such a work, and has been added to the catalog of Wiley's Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio.
The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed "index" fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make.
- Consider the risks and rewards of investing in mutual funds
- Learn how to choose between the four basic types of funds
- Choose the lower-cost, more reliable investment structure
- See through misleading advertising, and watch out for pitfalls
Front Jacket
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.
Author Biography
JOHN C. BOGLE is founder and former chairman of the Vanguard Group of mutual funds and President of its Bogle Financial Markets Research Center. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. Bogle is the author of ten books, including Enough.: True Measures of Money, Business, and Life, The Little Book of Common Sense Investing, and Clash of the Cultures: Investment vs. Speculation, all published by Wiley.
