Monday, February 12, 2007

John Bogle's Thesis Paper

John Bogle is the founder of The Vanguard Group in 1974. Vanguard is now the second largest mutual fund company in the United States. Bogle also wrote his senior thesis at Princeton University in 1951 titled; "Mutual Funds can make no claims to superiority over the Market Averages." John Bogle himself has proven that index funds are a superior investment long before he founded The Vanguard Group. Vanguard offered the very first index mutual fund available to individual investors. This index fund became known as the Vanguard 500 Index Fund.

Here are a few examples of index funds offered by Vanguard:

VBMFX - Vanguard Total Bond Market Index Fund
VTSMX - Vanguard Total Stock Market Index Fund
VGSIX - Vanguard REIT (Real Estate Investment Trust) Index Fund
VEIEX - Vanguard Emerging Markets Stock Index Fund
VEURX -
Vanguard European Stock Index Fund
VPACX - Vanguard Pacific Stock Index Fund