2024 the best mutual funds review
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"Cogent, honest, and hard-hitting-a must read for every investor." -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. This isn't just the best book yet by Bogle, it may well be the best book ever on mutual funds." -DON PHILLIPS, President & CEO, Morningstar, Inc.
"Buffett cannot teach you or me how to become a Warren Buffett. Bogle's reasoned precepts can enable a few million of us savers to become in twenty years the envy of our suburban neighbors-while at the same time we have slept well in these eventful times."-PAUL A. SAMUELSON, Massachusetts Institute of Technology Department of Economics
"After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and his commonsense way of explaining things make this book indispensable reading for anyone trying to figure out how to invest in this crazy stock market."-JAMES J. CRAMER, Money Manager and Senior Columnist for TheStreet.com
"Written in his characteristic forthright and visionary style, Bogle penetrates the myths and jargon to shed a powerful light on the central issues that confront every investor, no matter what their level of experience or sophistication." -MARTIN L. LEIBOWITZ, Vice Chairman and Chief Investment Officer, TIAA-CREF
"Jack Bogle is one of the great pioneer/visionaries of the investment business. In this book, he shares his knowledge, experience, and judgment to enable us to become better investors. The final philosophical chapters provide insights that may help some of us become better people." -BYRON R. WIEN, Chief U.S. Investment Strategist Morgan Stanley Dean Witter
Publisher : John Wiley & Sons Inc; 39677th edition (January 1, 2000)
Language : English
Paperback : 468 pages
ISBN-10 : 0471392286
ISBN-13 : 978-0471392286
Item Weight : 1.45 pounds
Dimensions : 5.75 x 1 x 9 inches
Reviewer: Troy Cook
Rating: 5.0 out of 5 stars
Title: A wonderful intro for investors
Review: I would recommend "Commonsense on Mutual Funds" as a must read (or listen) for anyone getting started. This book will help investors understand the need to be efficient and disciplined over due time rather than incurring higher costs in the hopes of beating the market and getting rich quick. I think Bogle is able to outline investing strategies for an efficient market theorist concisely whereas "A Random Walk Down Wall Street" offers a more expansive version for those who have the attention span to digest it. Both books are must reads. I have found the audio versions of these books to be a wonderful way to boost my investing IQ during commutes. Ultimately, this topic may not be as sexy as the get rich quick gimmicks out there...but it is vital knowledge that is anything but common knowledge amongst the working class and novice investors. I think for those managing their 401k's, keeping management costs down over the long haul through indexing can be the world of difference to one's bottom line after 30+ years. This book can help people better understand how to manage their own portfolio's effectively. A very small investment of time and money into this book can provide an impressive boost to your long term returns.
Reviewer: GEORGE R. FISHER
Rating: 5.0 out of 5 stars
Title: Passion From The Founder of Vanguard
Review: Everybody knows that asset allocation is the only significant factor in portfolio performance. Right?Well, no. Bogle starts with the Jahnke research article "The Hoax Of Asset Allocation" and piles on mountains of his own research to demonstrate beyond doubt that cost is what really matters in every asset class imaginable.That being the case, indexing is the only rational investment strategy because index funds (and, these days, index ETFs) have by far the lowest costs.This edition was written before the dot-com crash; the revised edition will make for fascinating reading: which views have changed, which have been reinforced?It's a little hard to know who Bogle's intended audience is.The analysis is too deep for casual reader/investors (I might even say that you need to share his enthusiastic obsession to get through it all).Plus, he is so intent on proving how important cost is that he gives such matters as diversification virtually no attention except to say that it's a good thing. Unless you agree with the implication that you should simply buy Vanguard's Balanced Index Fund (VBINX) and be done with it, you will need to look elsewhere for advice on matters other than cost.Bogle devotes the last third of the book to a discussion of how the fund industry should restructure itself to better serve the investor. Since it obviously won't ever happen that sheep will not get shorn, it's rather sad and quixotic.In fact, considering the sad state of affairs at TIAA/CREF, once a bastion of customer service now gone to hell for the sake of corporate profits, it's worrisome to consider whether Vanguard will go down that same road once the old man is safely out of the picture.The end of the book is a brief autobiography of his creation, Vanguard, and the index fund that rocked the world.I think Bogle is the best. An inspiring example for the ages who single-handedly created the opportunity for individual investors to succeed. I come to his book with that bias and I slogged through it all because of my admiration. Not everyone will be sufficiently motivated to put in the effort, however, even though they would be rewarded for it if they did.
Reviewer: morningclouds
Rating: 5.0 out of 5 stars
Title: what Wall Street is like, and liberally backs up with he says with ...
Review: This book is a classic, and timeless, at least until the nature of investing drastically changes. It's not just another book on investing. Jack Bogle explains mutual funds, what Wall Street is like, and liberally backs up with he says with statistics and other leaders' quotes. Every investor needs to read a book or two by either Bogle or Bernstein in my opinion. Neither has anything to gain by what they say except the peace of mind that they're helping the little guy navigate shark-infested waters. Both authors have helped us eliminate the middle man and get much greater returns. We've gone with a couple of major investing firms in the past and made the mistake of hiring a well-known advisor in our area as well, much to our loss, and are so glad to be where we are today. Knowledge is power, and Bogle gives it. A very readable book.
Reviewer: Great product bass could be better though
Rating: 4.0 out of 5 stars
Title: Good book
Review: A little heavy on foreign markets
Reviewer: Edison Fan
Rating: 5.0 out of 5 stars
Title: Great book!
Review: This book has the fundamental of indexing and why we should consider it as part of building our financial portfolio. Bogle is at his best preaching the value of indexing and how it relates to lower cost investing. This eventually translates to higher return for the investors and less profit to the brokerage firms that make money on trading.The book is a valuable resource for beginners who have not built their investment portfolio using actively managed funds. I found it helpful in thinking about reducing the number of funds in my portfolio.I thought Bogle was a little off when he discussed investing internationally. He claimed that international investing is not necessary since large companies do business globally. I disagree with this notion and believe that we should diversify our portfolio through investing in global funds.The principle of staying the course no matter what happens is very true. I saw that real time during the economic downturn after the year 2000. Staying the course paid off really well now that we are out of that trough!
Reviewer: Psizzle
Rating: 5.0 out of 5 stars
Title: The best financial book I've ever read
Review: This is literally the best book I've ever read on investing. If you are really serious about learning how to invest and not looking for the ever elusive and unreal get rich quick scheme, this book is for you. This book really shows you how the stock market and bond markets work. Bogle doesn't bs like a lot of other writers do and he is such an intelligent guy that he lays out the admittedly complex concepts in about as easy and readable format as it gets. Genius is being able to state complex ideas succinctly and simply and that's what Bogle does. If there was one investing book to get it'd be this book.
Reviewer: Harvey Specter
Rating: 5.0 out of 5 stars
Title:
Review: This book, alongside Tim Hale's "smarter investing" will ensure that a have a pension that hasn't been stolen by the greedy, inept, fund management industry. Bogle will give you a FACTUALLY BASED argument for how you should place your capital and long term savings.
Reviewer: Andreas
Rating: 5.0 out of 5 stars
Title:
Review: Good and easy going book for beginners and new graduates. You can easily read it during your vacation . Nice language and good tips for long term and old fashion investors
Reviewer: Des
Rating: 5.0 out of 5 stars
Title:
Review: Thanks.