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Bogle On Mutual Funds: New Perspectives For The Intelligent Investor

Book Description

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.

    Table of Contents

    1. PART I BUILDING BLOCKS
      1. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter One</i> The Rewards of Investing The Rewards of Investing
        1. A LONG-TERM PERSPECTIVE
        2. TOTAL RETURNS ON COMMON STOCKS
        3. TOTAL RETURNS ON BONDS
        4. TOTAL RETURNS ON CASH RESERVES
        5. THE MAGIC OF COMPOUNDING FOR TODAY'S INVESTOR
        6. SUMMARY
      2. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Two</i> The Risks of Investing The Risks of Investing
        1. THE RISK OF INFLATION
        2. THE RISKS OF COMMON STOCKS
        3. THE RISKS OF BONDS
        4. THE RISK OF U.S. TREASURY BILLS
        5. SUMMARY
      3. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Three</i> Mutual Funds: Principles, Practicalities, Performance Mutual Funds: Principles, Practicalities, Performance
        1. FOUR BASIC PRINCIPLES
        2. THE PRACTICALITIES OF SELECTING A FUND COMPLEX
        3. MUTUAL FUND PERFORMANCE
        4. SUMMARY
    2. PART II MUTUAL FUND SELECTION
      1. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Four</i> How to Select a Common Stock Mutual Fund How to Select a Common Stock Mutual Fund
        1. STRUCTURAL CHARACTERISTICS
        2. EVALUATING PAST PERFORMANCE
        3. SUMMARY
      2. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Five</i> How to Select a Bond Mutual Fund How to Select a Bond Mutual Fund
        1. STRUCTURAL CHARACTERISTICS
        2. EVALUATING PAST PERFORMANCE
        3. A CLOSER LOOK AT HIGH-YIELD BOND FUNDS
        4. SUMMARY
      3. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Six</i> How to Select a Money Market Fund How to Select a Money Market Fund
        1. STRUCTURAL CHARACTERISTICS
        2. EVALUATING PAST PERFORMANCE
        3. A LOT MORE PENNIES
        4. SUMMARY
      4. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Seven</i> How to Select a Balanced Mutual Fund How to Select a Balanced Mutual Fund
        1. STRUCTURAL CHARACTERISTICS
        2. EVALUATING PAST PERFORMANCE
        3. SUMMARY
      5. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Eight</i> Where to Get Mutual Fund Information Where to Get Mutual Fund Information
        1. FUND PROSPECTUSES AND ANNUAL REPORTS
        2. STATISTICAL MANUALS
        3. THE FINANCIAL PRESS
        4. MUTUAL FUND NEWSLETTERS
        5. SUMMARY
    3. PART III NEW PERSPECTIVES ON THREE KEY ISSUES
      1. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Nine</i> Index Funds Index Funds
        1. THE EFFICIENT MARKET PRINCIPLE IN THEORY . . . AND IN PRACTICE
        2. NEW WAYS OF INDEXING
        3. MOVING BEYOND STOCK INVESTING
        4. SUMMARY
      2. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Ten</i> Mutual Fund Costs Mutual Fund Costs
        1. SALES CHARGES
        2. EXPENSE RATIOS
        3. THE INVISIBLE COST
        4. TOTAL COSTS PAID BY SHAREHOLDERS
        5. SUMMARY
      3. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Eleven</i> Taxes and Mutual Funds Taxes and Mutual Funds
        1. TAXES ON INVESTMENT RETURNS
        2. TAXES PAID BY MUTUAL FUND SHAREHOLDERS
        3. SPECIAL TAX CONSIDERATIONS FOR MUTUAL FUND INVESTORS
        4. HOW TO DEFER TAXES
        5. VARIABLE ANNUITIES
        6. INCOME EXEMPT FROM FEDERAL TAXES
        7. INCOME EXEMPT FROM STATE TAXES
        8. SUMMARY
    4. PART IV PRACTICAL APPLICATION OF INVESTMENT PRINCIPLES
      1. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Twelve</i> The Allocation of Investment Assets The Allocation of Investment Assets
        1. ELEMENTS OF THE ASSET ALLOCATION PORTFOLIO
        2. SHOULD YOUR ASSET ALLOCATION BE REBALANCED PERIODICALLY?
        3. TACTICAL ASSET ALLOCATION
        4. CAN YOU INCREASE RETURN WITHOUT INCREASING RISK?
        5. SUMMARY
      2. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Thirteen</i> Mutual Fund Model Portfolios Mutual Fund Model Portfolios
        1. THE ACCUMULATION INVESTOR
        2. THE TRANSITION INVESTOR
        3. THE DISTRIBUTION INVESTOR
        4. THE LUMP-SUM INVESTOR
        5. THE INSTITUTIONAL INVESTOR
        6. SUMMARY
      3. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Chapter Fourteen</i> A Mandate for Fund Shareholders A Mandate for Fund Shareholders
        1. THE CANNY INVESTOR
        2. THE THRIFTY INVESTOR
        3. THE ACTIVE INVESTOR
        4. THE SKEPTICAL INVESTOR
        5. THE ROLE OF THE INDEPENDENT DIRECTOR
        6. BUILDING A NEW MUTUAL FUND INDUSTRY
        7. SUMMARY
    5. <i xmlns="http://www.w3.org/1999/xhtml" xmlns:epub="http://www.idpf.org/2007/ops" xmlns:m="http://www.w3.org/1998/Math/MathML" xmlns:svg="http://www.w3.org/2000/svg">Epilogue</i> Twelve Pillars of Wisdom Twelve Pillars of Wisdom
    6. John C. Bogle
    7. EULA