Tuesday, August 13, 2013


If you don't want to put your money in real estate, my personal favorite investment vehicle, consider the indexed mutual fund.  This handy blog post will spell out why.  Excerpt here:

 “The modern American financial system,” Bogle says in his book The Battle for the Soul of Capitalism, “is undermining our highest social ideals, damaging investors’ trust in the markets, and robbing them of trillions.” But most of his animus in Mountain View was reserved for mutual funds, his own field of business, which he described as an industry organized around “salesmanship rather than stewardship,” which “places the interests of managers ahead of the interests of shareholders,” and is “the consummate example of capitalism gone awry.”

thanks craig

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