Bogle on Mutual Funds by John C. Bogle

Bogle on Mutual Funds by John C. Bogle

Author:John C. Bogle
Language: eng
Format: epub, mobi
ISBN: 9781119109570
Published: 2015-04-02T00:00:00+00:00


Overall, selecting from among traditional equity-oriented balanced funds is more an exercise in good judgment than in forecasting the future. The same is likely to be true for income-oriented balanced funds. The challenge of selecting asset allocation funds is much greater and depends on your willingness to assume risks that may cause your returns to vary from market norms over the short or even the long term.

Most importantly, you should recognize that owning a single carefully chosen mainstream balanced fund is not essentially risky. It is the exact counterpart of retaining a private trustee to invest your resources in a diversified list of investment-grade stocks and bonds, the better to obtain the golden mean.



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