Here is a quick summary: Invest only in index funds - the empirical evidence is almost unanimous that they out-perform other mutual funds over the long run, even before accounting for all the fees that eat up a significant portion of your return (fees that are much lower on index funds). good book on the basics of Mutual funds. Name * Email * Website. six − = Notify me of follow-up comments by email. I recently finished reading Common Sense on Mutual Funds - New Imperatives for the Intelligent Investor - by John C. Bogle. My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way … We cannot expect management companies to operate in the public interest. Amazon.com: Common Sense on Mutual Funds eBook: Bogle, John C., Swensen, David F.: Kindle Store The book is well written and manages to stay interesting despite the fact that Bogle belabors the point, hammering home the core principles from every conceivable angle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way … John C. Bogle is an investing saint or an investing pariah according to who you ask. Return, risk, and cost are the three legs of Bogle's eternal … As the maturity date lengthens, volatility of principal increases, but volatility of income declines. I enjoyed the voice of the author. This book is a comprehensive review of what John Bogle thinks we should all be doing with our money as well as a commentary on the mutual fund industry. … Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way … This was an informative, interesting and ultimately extremely valuable book for anyone interested in building wealth for retirement thru a 401k, IRA or by investing in mutual funds. • Realizing, to the maximum possible extent, losses on the sale of portfolio holdings that have declined (a practice known as “harvesting losses”), and thereby offsetting realized gains when they occur. John Bogle repeats in this book what he has been preaching for decades, so if you're not new to his work, there's going to be a lot of repeat information for you. Next: My fund of choice: Vanguard Target Retirement 2035 (VTTHX) Hi! You have to be really geeky to read cover to cover. It feels relevant and pertinent. Unlike stock funds, they have high predictability in at least these five ways: (1) The current yields (on longer-term issues) are an excellent—if imperfect—predictor of future returns. Buy Common Sense on Mutual Funds by Bogle, John C., Swensen, David F. online on Amazon.ae at best prices. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. saving…. You have to be really geeky to read cover to cover. From stock and bond funds to global investing and index funds, this book will help you regain your financial footing and make more informed investment decisions. Reading the newest version, the 10th anniversary edition, adds plentiful commentary, making this even longer. See 1 question about Common Sense on Mutual Funds…, 40 books every self-respecting investor needs to read, Bill Gates Picks 5 Good Books for a Lousy Year. --Rob McDonald. Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds… That simple concept sums up the stock market indexing revolution started by Bogle and the Vanguard funds. • Replacing the holdings sold at a loss after 30 days. This was for completeness, but hurt readability. It is quite long. (2) The range of gross returns earned by bond managers clusters in an inevitably narrow range that is established by the current level of interest rates in each sector of the market. This books is one of the best insight into mf investing. I listened to this on audio, and the problem with these update sections was that they were introduced by the narrator saying something like “Ten year update,” but there was no indication when the update was over and you were back listening to the original book. Invoking both Thomas Paine and Benjamin Graham, Jack Bogle … A few tidbits: you can feel comfortable not owning foreign for a number of reasons including currency risk. Goodreads Reviews (Average rating 4.08 / 2240 ratings / 133 reviews) we suggest Common Sense on Mutual Funds. He is known for his 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor, which became a bestseller and is considered a classic. Anyways, glad I read it, but certainly not light reading. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. (See also John C. Bogle's Common Sense on Mutual Funds; but compare Warren Buffett's The Superinvestors of Graham-and-Doddsville.) And lastly, Common Sense on Mutual Funds Fully Updated 10 th Anniversary Edition. Not a beginners guide to investing. I highly recommend this book to anyone beginning to think about investing. Review "Cogent, honest and hard-hitting - a must read for every investor." Just a moment while we sign you in to your Goodreads account. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. The last ten years, although totally unprecedented and unpredictable, have certainly borne him out. John C. Bogle shares his extensive insights on investing in mutual funds. The concept is simplicity writ large.”. His advice for most investors, expounded here, is to invest in stock indices through low cost index funds. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors … I found his arguments concerning owning foreign stock interesting. Along the way, Bogle shows you that simplicity and common sense still trump costly complexity, and that a low cost, broadly diversified portfolio continues to be the best way to build wealth at the lowest cost and risk - and will almost always outperform more expensive, actively managed mutual funds.Throughout, Bogle skillfully presents a platform for intelligent investing as he analyzes costs, … Find books like Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor from the world’s largest community of readers. This book is perhaps better suited for an experience investor who is interested in learning about more intricate details of investing. It is no more (nor less) than a broadly diversified portfolio, typically run at rock-bottom costs, without the putative benefit of a brilliant, resourceful, and highly skilled portfolio manager. Reply. There is no doubt that they can do so. There are other short (comparatively) books on investing that follow Bogle's investing 'theology'. The idea that a theoretically optimal portfolio must hold each geographical component at its market weight simply pushes me further than I would dream of being pushed. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. John C. Bogle's proof case for the Vanguard style of mutual fund management. Common Sense on Mutual Funds : John C. Bogle : 9780470138137 John C. Bogle has 47 books on Goodreads with 68212 ratings. John Bogle explains, in detail, the benefit of ensuring that your portfolio is made up of low cost and low turnover investments. By clearly laying out the four dimensions of investing (risk, reward, time, cost), Bogle makes a strong case for avoiding high-cost, actively managed mutual funds or funds which have high turnover or high speculation. Still, it's all great information--he defends index investing because of its low cost, low taxes, and thus long-term superiority over actively managed mutual funds. This strategy will only lose the investor money by raising costs as the actively managed fund tries (often. I would recommend "Commonsense on Mutual Funds" as a must read (or listen) for anyone getting started. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. I highly recommend this book to anyone beginning to think about investing. Securing your financial future has never seemed more difficult, but after reading this revised and updated edition of Common Sense on Mutual Funds, you will become a better investor. ), at which point Morningstar apparently stopped counting.”, “When Adam Smith described the concept of the “invisible hand,” he concluded that the individual businessman “generally neither intends to promote public interest, nor knows how much he is promoting it.” Hence, Smith argued that “it is not from the benevolence of the butcher, the baker, or the brewer that we expect our dinner, but from their regard to their own interest . That said, Bogle's writing is at it's best when the mountains of data gives way to simple, timeless, powerful principles that must be understood, remembered, and applied in order to have success in your investments. Common Sense on Mutual Funds Quotes Showing 1-19 of 19 “The mutual fund industry has been built, in a sense, on witchcraft.” ― John C. Bogle, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor … Common Sense on Mutual Funds has a lot of useful information but it’s dated. Click Get Books for … Consider these words from perhaps the wisest investor of all, Warren E. Buffett, from the 1996 Annual Report of Berkshire Hathaway Corporation: Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. John C. Bogle shares his extensive insights on investing in mutual funds. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. — Don Phillips , Managing Director, Morningstar "In this timely update of Common Sense on Mutual Funds , John Bogle improves on what was the finest book on mutual funds ever written." Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Such a penalty is designed to minimize the possibility of abrupt share redemptions. . Investors should not underestimate their time horizons. By (author) John C. Bogle , Foreword by David F. Swensen. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. -Warren E. Buffett Praise for Common Sense on Mutual Funds "Invoking both Thomas Paine and Benjamin Graham, Jack Bogle outlines a supremely logical plan not only to better investors' returns, but to improve the whole fund industry. ’ t forget that index bond funds—or their equivalent—carry the lowest costs of is. The Bogle approach than embrace it on market expectations adds more than tripled the... 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