I am thinking about reading John C. Bogle's books. I like to find time to read them.
Study and research
Diversification1949 - mutual fund turnover like market
Research - open funds
Balanced fund - 2/3 volatility of the market
S & P 500 index - before it is created, GoGo fund - Junk
Good mentor, died in 1998, 100 years old - Bogle's mentor - Wellington management company
The case for mutual fund management
1960 - index
Vanguard fund
It is hard to be good. The more you try, sometimes it is worse it is.
35 years old, John Bogle started Vanguard fund in 1960s.
49:00/ 1:01
Perfect portfolio
Asset allocation in my book - regular rebalance - not necessory, 60/40 compared to 80/20 is best option; no easy answer on this.
You do not know, I do not know. Market does not know. Invest regularly. I am 80 years old, planning on my state, 50% bond, 50% equity fund. Too much on stock. Most investors do feel the same.
GDP - what is US GDP, 60% related to GDP.
Peter Lynch - statement - short term is important than long term.
Are you speculative or investing?
How do you think that gold is an investment.
90% - get out of ideas you have to do something.
Do not do something. Just stand there. Just rough idea how to allocate your allocation.
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