Bogle On Mutual Funds: New Perspectives For The Intelligent Investor

ISBN-13: 9781119088332 / Angielski / Twarda / 2015 / 368 str.

John C. Bogle

Opis

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

Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader.

The smarter approach to mutual fund investing, from the industry–defining expertBogle On Mutual Funds contains the industry–defining wisdom of the mutual fund pioneer John C. Bogle to help you identify and execute the ideal mutual fund investment for your portfolio.

Recenzje

No investor can be called intelligent who doesn t understand the principles Bogle articulates in this book. The investor may still decide to try his hand at outperforming the market, but he should know what he s up against. Investing.com

Spis treści

Caveat Emptor Index xxxvii

Part I BUILDING BLOCKS 1

Chapter One THE REWARDS OF INVESTING 3

Chapter Two THE RISKS OF INVESTING 24

Chapter Three MUTUAL FUNDS: PRINCIPLES, PRACTICALITIES, PERFORMANCE 48

Part II MUTUAL FUND SELECTION 65

Chapter Four HOW TO SELECT A COMMON STOCK MUTUAL FUND 67

Chapter Five HOW TO SELECT A BOND MUTUAL FUND 97

Chapter Six HOW TO SELECT A MONEY MARKET FUND 120

Chapter Seven HOW TO SELECT A BALANCED MUTUAL FUND 135

Chapter Eight WHERE TO GET MUTUAL FUND INFORMATION 147

Part III NEW PERSPECTIVES ON THREE KEY ISSUES 167

Chapter Nine INDEX FUNDS 169

Chapter Ten MUTUAL FUND COSTS 190

Chapter Eleven TAXES AND MUTUAL FUNDS 209

Part IV PRACTICAL APPLICATION OF INVESTMENT PRINCIPLES 233

Chapter Twelve THE ALLOCATION OF INVESTMENT ASSETS 235

Chapter Thirteen MUTUAL FUND MODEL PORTFOLIOS 259

Chapter Fourteen A MANDATE FOR FUND SHAREHOLDERS 280

Epilogue TWELVE PILLARS OF WISDOM 303

Notes 308

Index 311

O autorze

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.

Blurb

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.