Mutual Fund Quotes

• The principal role of the mutual fund is to serve its investors.

  John C. Bogle

  Roles, Investors, Principal

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• There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.

  Benjamin Graham

  Responsibility, Investing, Shame

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• Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

  Peter Lynch

  People, Perfect, Investing

  Peter Lynch (2012). “Beating the Street”, p.13, Simon and Schuster

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• There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.

  Jim Cramer

  People, Accountability, Wealth

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• The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.

  Tony Robbins

  Scary, Failing, Truth Is

  Source: www.chicagotribune.com

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• How many millionaires do you know who have become wealthy by investing in stocks, bonds, mutual funds or savings accounts? Income property is the most historically proven asset class in America, if not the entire world. I rest my case.

  Jason Hartman

  Class, America, Income

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• Most of the mutual fund investments I have are index funds, approximately 75%.

  Charles R. Schwab

  Investing, Investment, Index Funds

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• If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.

  Peter Lynch

  Homework, Stomach, Equity

  Peter Lynch (2012). “Beating the Street”, p.307, Simon and Schuster

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• Most active mutual funds are more interested in collecting fees than in boosting returns for investors.

  David F. Swensen

  Investing, Return, Fees

  "Yale’s Swensen Says Index Funds Best Plan for Most Investors" by Kelly Bit, www.bloomberg.com. January 31, 2012.

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• Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.

  John C. Bogle

  Investing, Return, Surprise

  John C. Bogle (2010). “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”, p.48, John Wiley & Sons

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• Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country.

  Charlie Munger

  Country, Thinking, Years

  Charlie Munger's comments on business and investing topics at the 2004 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 1, 2004.

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• A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions.

  Venita VanCaspel

  Money, Decision, Training

  Venita VanCaspel (1978). “The new money dynamics”, Simon & Schuster

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• What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.

  Ron Chernow

  Numbers, People, Interesting

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• If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.

  Robert Kiyosaki

  Retirement, Government, Ideas

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• To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.

  Suze Orman

  Fund, Mutual, Sells

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• Mutual funds are an overrated investment heavily promoted by Wall Street.

  Peter Schiff

  Wall, Investment, Streets

  Peter D. Schiff (2011). “Crash Proof 2.0: How to Profit From the Economic Collapse”, p.135, John Wiley & Sons

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• The Analytical Engine might act upon other things besides number, were objects found whose mutual fundamental relations could be expressed by those of the abstract science of operations, and which should be also susceptible of adaptations to the action of the operating notation and mechanism of the engine… Supposing, for instance, that the fundamental relations of pitched sounds in the science of harmony and of musical composition were susceptible of such expression and adaptations, the engine might compose elaborate and scientific pieces of music of any degree of complexity or extent.

  Ada Lovelace

  Expression, Numbers, Musical

  "Sketch of the Analytical Engine Invented by Charles Babbage". Book by L.F. Menabrea. Scientific Memoirs (Richard Taylor): 694, 1842.

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• Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.

  Joel Spolsky

  Age, Retail, Cost

  "Wall Street Survival 101". www.joelonsoftware.com. May 20, 2005.

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• Where I'm from we don't trust paper. Wealth is what's here on the premises. If I open a cupboard and see, say, thirty cans of tomato sauce and a five-pound bag of rice, I get a little thrill of well-being - much more so than if I take a look at the quarterly dividend report from my mutual fund.

  Garrison Keillor

  Trust, Paper, Littles

  "The Times Book of Quotations". Book by HarperCollins, 2000.

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• The ability to create same day straight through processing of mutual fund trades is a matter of will.

  Kenneth C. Griffin

  Matter, Ability, Trade

  "Justice Delayed". FTSE Global Markets, May/June 2005.

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• Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.

  John C. Bogle

  Leaving, Risk, Assuming

  Source: www.washingtonpost.com

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• Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

  Michael Steinhardt

  Horrible, Firm, Customers

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• [A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013

  Janet Yellen

  Two, Financial, Wealth

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• A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.

  Michael LeBoeuf

  Research, Ratios, Corporations

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• When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.

  Robert Kiyosaki

  Orange Juice, Water, Gasoline

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