For a large institutional investor, these costs would be lower for a small individual investor, the costs would be much higher. T-bill, but in a high-grade bond portfolio or a money market portfolio you may incur investment expenses of 0.30% to 1.50%. (Even if you invest in an index portfolio, you may incur annual charges of 0.20%.) Expenses of this magnitude are not incurred in the ownership of a U.S. If you own an actively managed equity portfolio, you may easily incur annual investment expenses ranging from 0.50% or less to 3.00% or more, including advisory fees and portfolio transaction costs.

The rates of return actually experienced by investors in the aggregate will fall short of the returns of the three unmanaged measurement standards: the S&P 500, the 20-year government bond, and the 90-day U.S. 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. See through misleading advertising, and watch out for pitfalls.Choose the lower-cost, more reliable investment structure.Learn how to choose between the four basic types of funds.Consider the risks and rewards of investing in mutual funds.Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make. 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.

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. 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. 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. The seminal work on mutual funds investing is now a Wiley Investment ClassicĬertain books have redefined the way we view the world of finance and investing-books that should be on every investor's shelf.

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