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Bogle on Mutual Funds: New Perspectives for the Intelligent Investor

Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
Author: John Bogle
ISBN 13: 9780440506829
ISBN 10: 440506824
Edition: Reprint
Publisher: Dell
Publication Date: 1994-10-04
Format: Paperback
Pages: 352
List Price: $19.00

John C. Bogle, founder of the Vanguard Group of  Investment Companies, has built a $100 billion  mutual fund company on principles of candor, fairness,  and low cost. The most outspoken critic of the  mutual fund industry, Bogle speaks to the serious  mutual fund investor, both novice and seasoned, in  this straightforward assessment of an industry Bogle  himself helped revolutionize. Here he offers the  essential principles of canny mutual fund  investing, as well as caveats to protect the investor.  Readers will learn how to: Ask three critical  questions before investing. Evaluate risk tolerance and  design a portfolio to meet current financial  objectives. Develop a diversified portfolio of equity  funds, bonds, and money market funds that will  weather the market's short term variations. Apply  Bogle's eight model portfolios to achieve their own  financial goals. Always find themselves in a winning  money market fund. Protect themselves from  inflation Use index funds to effectively balance  risk/return. Anyone who is serious about mutual funds can  apply the dynamic investment principles of  Bogle On Mutual Funds to establish a  winning, long-term investment portfolio.

Publishers Weekly

In this awesome overview of investment company products and services, Bogle, founder and CEO of the $110-billion Vanguard group of funds, demonstrates that ``the abundance of information available about mutual funds is . . . overwhelming.'' Among the minute details included, Bogle tells not only how to improve your backhand, as it were, but how to get the best grass or clay for the tennis court. Fund categories past and present--index, international, income, growth, industry-specialized (electronic, health), long- and short-term bond (U.S., corporate, ``junk''), along with sales charges pro and con (Vanguard has none), high-low expense ratios, management track records and tax considerations--all are dissected to the ultimate percentile in relation to investor objectives and an inconstant economic climate. There is certainly something here for everyone, but in the aggregate the author reaches beyond the needs (and possibly the comprehension) of readers not engaged in the investment business. 70,000 first printing; first serial to Money; Fortune Book Club main selecton. (Oct.)