John C. Bogle - aka Jack Bogle
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» Kirk - Lets start a thread for Jack Bogle sightings
.He is on CNBC now saying we don't need to give tax relief to the fat cats by making dividends tax free.
His suggestion is better for most of us in the middle... Bogle suggests making all dividends tax free up to the first $1,000.
We used to get $200 tax free but I think Mr "read my lips, no new taxes" Bush took that away from us.
I'd add this should be indexed to inflation.
Personally, I'd rather let the corporations expense dividends just like they expense interest cost. Both are a cost to doing business and should be treated the same.
-- posted by Kirk
» Kirk - Book: Common Sense on Mutual Funds
<img align=left src=http://images.amazon.com/images/P/0471295434.01._PE30_PIdp-schmoo2,TopRight,7,-26_SCMZZZZZZZ_.jpg width=106 height=173>Common Sense on Mutual Funds : New Imperatives for the Intelligent Investor
by John C. Bogle (Author)
Hardcover: 496 pages ; Dimensions (in inches): 1.14 x 9.30 x 6.35
Publisher: John Wiley & Sons; ISBN: 0471295434; 1 edition (March 18, 1999)
This is a top book on just about everyone's reading list, including mine!
Review:
John C. Bogle founded Vanguard, the premier indexed mutual fund company. If you invest in mutual funds, especially if you invest in managed mutual funds, you must read this book. He reveals his intensely compelling case for passive management of funds (ie indexing) versus active management (ie stock-picking, market-timing, hot-manager style) funds.
Most people these days hold the bulk of their investment assets in pension funds, IRAs or 401Ks usually consisting of mutual funds, and this audience will gain significant insight from Bogle's advice. Bogle also campaigns to save the mutual fund trader from herself, relentlessly presenting the mutual fund as a buy-and-hold investment vehicle.
-- posted by Kirk
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