Bogle Takes a Red Pen to 'Common Sense'
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Monday, March 29, 2010

Bogle Takes a Red Pen to 'Common Sense'

Fundsters who follow Jack Bogle's exploits may want to take a peek at the Los Angeles Times. Personal finance columnist Kathy Kristof writes on the latest edition of the Vanguard founder's "Common Sense on Mutual Funds." According to Bogle, about 95 percent of his advice and predictions held up for the 10th anniversary edition, and all the updates and changes are made in red ink in the new version, with the original text left in black for readers to see.

So what does the low-cost fund guru predict for the next ten years?

"Stocks should do about twice as well as bonds over the coming decade," Bogle told the Times.

Yet Bogle's recommendations for investors haven't changed; he still advocates buying "your age in bonds" and putting the rest in stocks, watching out for cost and taxes, and leaving your investments alone.

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