This book can help people better understand how to manage their own portfolio's effectively. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Mr. Bogle also explores that point in excellent detail. Reviewed in the United States on November 16, 2013. Certainly. 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. If you choose the wrong way to invest with the right asset class, you can still do poorly. Your recently viewed items and featured recommendations, Select the department you want to search in, Approach, comprehensive, and simply the best guide to Mutual Funds written to date, Reviewed in the United States on March 2, 2018, Reviewed in the United States on August 24, 2018. Disabling it will result in some disabled or missing features. We believe that this classic work by one of the twentieth century's great investment authorities belongs on every investor's bookshelf. Reviewed in the United States on November 4, 2017. it's a good book. I would recommend "Commonsense on Mutual Funds" as a must read (or listen) for anyone getting started. A very small investment of time and money into this book can provide an impressive boost to your long term returns. Jack Bogle explains mutual funds, what Wall Street is like, and liberally backs up with he says with statistics and other leaders' quotes. Common Sense on Mutual Funds Review Common sense is said to be the key to the effective investment in any of the industry. Repetitive? This book, and my personal experience investing in actively managed mutual funds that charged too much and delivered too little, made me change the way I invested my money. He is also remarkably candid that future returns from indexing may be modest (even though you will continue to beat almost everyone else). Read honest and unbiased product reviews from our users. Prime members enjoy fast & free shipping, unlimited streaming of movies and TV shows with Prime Video and many more exclusive benefits. IRA or 401(k), are at a significant disadvantage because of the taxable gains passed thorough to them each year. If you already understand the basics, but you are not investing in index funds yet, this is a good book for you. Common Sense on Mutual Funds Review. A common problem that all of us have is that we believe ourselves to be able to produce superior results in virtually any area we try -- acting on that belief can cost you a fortune if it affects how you invest over your lifetime. Also, this is the only book I've found so far that said purchasing a house wasn't necessary a good investment which I also concluded before I read the book but went against what everyone says. Common Sense yields Average Investment Returns, Reviewed in the United States on May 24, 2005. You can still see all customer reviews for the product. Top subscription boxes – right to your door, See all details for Common Sense on Mutual Funds, © 1996-2020, Amazon.com, Inc. or its affiliates. Both books are must reads. Because Vanguard, the company John Bogle founded, is best known for its low cost index funds, naturally the book advocates investing in low cost index fund. this book does not read like a dry financial report. Written by the inventor of indexed mutual fund investing for the ordinary investor. This page works best with JavaScript. Go with Bogle's folly, read the book, and follow the wisdom in it, and you will do better than 96% of all funds managed by the portfolio managers. There's a problem loading this menu right now. When it comes to investing, however, the odds are not that good. It's not just another book on investing. Click Here To Check Price: 6: Bogle On Mutual Funds: New Perspectives For The Intelligent Investor (Wiley Investment Classics) Click Here To Check Price: 7: Devil Take the Hindmost: A History of Financial Speculation. There's a problem loading this menu at the moment. Unlike other books where the author touts an activity that benefits him economically, Mr. Bogle's arguement is right. Everybody knows that asset allocation is the only significant factor in portfolio performance. However, the evidence he presents to back up everything he says exonerates him fully. However there are very many useful suggestions which are supported by extensive evidence and analysis. Unlike other books where the author touts an activity that benefits him economically, Mr. Bogle's arguement is right. Anytime you start to invest on the assumption that you can beat the market easily, PLEASE QUICKLY READ OR REREAD THIS BOOK. Subscribe to my free newsletter! If you listen and follow the advise from much of the professional investor class about where you should put your money, you would be making them rich at the expense of your savings. Designed by Elegant Themes | Powered by WordPress. 3. The basic premises on the book are covered in other investment books. I had previously heard about John Bogle and his creation of the first index mutual fund and also his founding of The Vanguard Group, Inc., the world’s largest mutual funds company managing approximately $3.6 trillion. If you are paying an advisor a percentage of your assets, you are paying 5-10x too much. By definition, half will be average or less, and half average or higher in most areas of human endeavor. The truth to investing is that it is not secret, do it yourself, it is not complex, and don't listen to the advise of professional portfolio managers who are out to take your money while pretending to have your back, they don't because it is at their expense.