“Enrollment in Colorado is expected to expand about 25 percent in seven years. It's very difficult to find those additional funds. Therefore, I think you're probably going to have increased pressure on tuition.” ThinkingYearsDifficultPercentPressureSevenExpectedFundSeven YearsColoradoTuitionEnrollment Author:Roy Romer
“While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.” YearsBalancePercentPerformancesAccountsImpactFundUnpredictableAnnualsFees Author:Arthur Levitt Jr
“The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund.” YearsWould BeFourPercentInvestingFundBetter OffEquityDeteriorationIndex FundsBagger Author:Peter Lynch
“Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.” WantWellsStillsMightFansFiguresBehaviorPercentInvestingInternationalActiveSellingBuyingFundInvestorsSensibleEfficientDiscouragingPortfoliosBuying And SellingIndex Funds Author:Paul Samuelson
“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.” LosesWealthResultsFailingProduceTaxesBeatsPercentGainsInvestingFundDestroyingMarginsAnnualsVanguardIndex Funds Author:David F. Swensen
“Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group.” KnowsShouldLongStatesThreeTermUnitedCitiesUnited StatesGroupsBuildingReturnPercentInvestingFinancialBritishCoreBlockSubstanceLong TermFundGapsInvestorsQuartersContinuingRhetoricPeersCompoundsAnnualsHighlightsEmulateProvidersPortfoliosBuilding BlocksVanguardIndex FundsFinancial ServicesPeer Group Author:Jonathan Davis
“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.” PeopleWayGivingYearsTwoWholeTodayTogetherGuyValuesThreePoorFourProductsTerriblePercentBasesManagementInvestmentInvestingFundMutualPercentagesLike SomethingBuyersMoney ManagementGeneral PublicFunny BusinessBrokersMutual FundInvestment Management Author:John C. Bogle
“A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minority, at most one percent, are capable of pulling it off. Heck, if Helen Young Hayes, Robert Sanborn, Julian Robertson, and the nation's largest pension funds can't get it right, what chance does John Q. Investor have?” IfsBelieveDoeYoungNationsChanceCapablePercentInvestingAverageDecadesTinyConclusionMinoritiesFundInvestorsPullingPensionHelen Author:William J. Bernstein
“Charity is to unburden you from your guilt, so you say, `I am doing something: I going to open a hospital, going to open a college. I give money to this charity fund, to that trust....` You feel a little happier. The world has lived in poverty, the world has lived in scarcity, ninety-nine percent of people have lived a poor life, almost starving and dying, and only one percent of people have lived with richness, with money - they have always felt guilty. To help them, the religions developed the idea of charity. It is to rid them of their guilt.” PeopleWorldGivingFeelsLittlesIdeasHelpingFeltPoorPovertyDyingCollegePercentGuiltCharityNineGuiltyFundHospitalsNinetyStarvingRichnessScarcityNinety NinePoor Life Author:Rajneesh
“[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” TwoWealthSourceMajorsPercentThirdsIncludingFinancialFundMutualAssetsHouseholdPensionMutual Fund Author:Janet Yellen
“The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.” IfsKnowsLooksPlansKeysLowsPercentFundExpensesChargingKey Things Author:William J. Bernstein
“Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.” LongPastNextTermDisciplinePercentFellowsAssumingInvestingDecadesLong TermAcquireFundInvestorsDoing NothingIndex Funds Author:Mark Hulbert
“[People] have seen the credit market seize up. They're worried about money market funds, although the latest proposition from government should take care of that. They've seen eight percent of the bank deposits in the United States get moved very skillfully, I might say, within the last couple of weeks from institutions that they thought were fine a few months ago to other institutions. They are not wrong to be worried.” PeopleShouldStatesGovernmentMightCareLastsUnitedUnited StatesWeekFineMonthsCouplePercentInstitutionsMovedEightCreditTake CareWorriedFundPropositionsDeposits Author:Warren Buffett
“You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.” PeopleTryingMeanPercentBuyingFundYieldAssetsBuyersHedge Fund Author:Warren Buffett
“The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.” FailingTruth IsPercentScaryFundMutualMutual Fund Author:Tony Robbins