Common Sense On Mutual Funds

John Bogle founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund is an industry pioneer. Over the years, he has single handedly transformed the mutual fund business, and today, his vision continues to inspire investors. It has been over a decade since the original edition of Common Sense on Mutual Funds was first published. While much has changed during this time, the importance of investing and the issues addressed in the original edition of this book have not. Now, in the Fully Updated 10th Anniversary Edition of Common Sense on Mutual Funds, Bogle returns to update his in depth look at mutual funds and the business of investing helping you navigate through the staggering array of investment options found in today s evolving investment landscape. Timely and timeless, this important book examines the fundamentals of mutual fund investing in turbulent market environments and offers valuable guidance for building an investment portfolio. 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 these pages, Bogle skillfully presents a platform for intelligent investing as he analyzes costs, exposes tax inefficiencies, and warns of the mutual fund industry s conflicting interests. Emphasizing long term investing and asset allocation, Bogle offers sensible solutions to the fund selection process and reveals what it will take to make it in today s chaotic market. Updated charts, which also show original data, as well as new commentary and analysis provide timely guidance in light of recent changes in investment vehicles and market performance. 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. 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.