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.
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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
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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.