Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 86

If you really want to invest in individual stocks and bonds, I suggest that you limit your purchase of individual securities to no more than 10 to 20 percent of the total money you’ve invested in stocks and bonds (including those you’ve invested in via mutual and exchange-traded funds). Be realistic as to why you’re investing in them. And before you plunk down too much money in stocks and bonds of your own choosing, remember the sage words of Jack Bogle, who’s often called the fund investor’s best friend:

Attempting to build an investment program around a handful of individual securities is, for all but the most exceptional investors, a fool’s errand…. Specific stock bets should be made, if at all, in small portions, and more for the excitement of the game than for the profit.

Yes, Bogle was the founder and former CEO of a large mutual and exchange-traded fund company, Vanguard. But, no, his comments aren’t self-serving: Vanguard also operates a discount brokerage company that handles individual securities trades for customers who want to do them.

In the long haul, you’re not going to earn higher returns than full-time professional money managers who invest in the securities of the same type and risk level that you are. As with hiring a contractor for home remodeling, you need to do your homework to find good fund managers. Even if you think you can do as well as the best, remember that even superstar money managers like Peter Lynch have beaten the market averages by only a few percentage points per year.