If you're looking to upgrade your portfolio in the new year, you'd be wise to look first at Vanguard – the proprietor of low-cost, high quality funds. The best Vanguard funds tend to have similar qualities. They're inexpensive. They're easy to understand. And when they're managed funds, they're managed well.
Jack Bogle, who the world lost about a year ago, will long be remembered for his passionate advocacy of low-cost investing in general, and the index fund in particular. Pursuing those two ideas relentlessly, he built Vanguard into one of the world's largest investment companies with more than $5.5 trillion in assets.
But Bogle possessed another talent that went virtually unnoticed. He was a superior judge of actively managed mutual funds.
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