John Bogle, the founder of Vanguard, offers lessons in a Wall Street Journal column.
Here's a short summary:
1) Beware of market forecasts, even by experts.
2) Never underrate the importance of asset allocation.
3) Mutual funds with superior performance records often falter.4) Owning the market remains the strategy of choice.
5) Look before you leap into alternative asset classes.
6) Beware of financial innovation.
When you go through our on-line lessons or read our book, The ABCs of Your 401k, you'll find these lessons embedded in our advice. We liked Bogle's approach before it was cool.
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