Mutual Fund Quotes

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

  John C. Bogle

  Roles, Investors, Principal

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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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• 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 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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• 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 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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• Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

  Ron Chernow

  Responsibility, Safety, Individual

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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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• 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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• 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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• Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

  Ron Chernow

  Boys, People, Giving

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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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• Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.

  Robert Kiyosaki

  Financial, Protection, Failing

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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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• 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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• Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

  David F. Swensen

  Responsibility, Organization, Systematic

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• I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.

  John C. Bogle

  Believe, Reality, Focus

  Source: www.washingtonpost.com

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• In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results."

  Paul Samuelson

  Past, Guarantees, Investing

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• Index funds are the only rational alternative for almost all mutual fund investors.

  Mark Hulbert

  Alternatives, Investing, Rational

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• Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

  Michael Lewis

  Wall, Army, Dollars

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• Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.

  John C. Bogle

  Disappointment, Focus, Passive

  Source: www.washingtonpost.com

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• I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.

  Burton Malkiel

  Past, Example, Investing

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