Vanguard Group founder Jack Bogle has not changed his tune as a result of the economic downturn. At the ripe age of 80, he is still preaching buying-and-holding domestic stocks and bonds, cheaply, in an asset allocation that’s appropriate for your age. Below are some key excerpts from a recent Market Watch article.
Tue. Jun. 16, 2009
classics, commentary
Bogle Still Believes In Buy And Hold *
Fri. Apr. 3, 2009
classics
Will ETFs Be The End Of Traditional Mutual Funds? *
A relative new comer to the investment world is the Exchange Traded Fund (ETF). You can think of it as a cross between individual stocks and mutual funds, with a mixture of advantages and disadvantages of each. An ETF trades on a stock exchange like a stock but the underlying investment holds stocks and bonds similar to a mutual fund. Like stocks, when you buy and sell an ETF you generally pay a commission. Since the underlying securities are not being traded there are potential tax efficiencies from avoiding capital gain distributions and minimizing management fees.
Optimizing Your Asset Allocation *
Read more…