LIGHTHOUSE

Tuesday, July 16, 2013

TZA DAILY

John Bogle, the founder of Vanguard. ........He cautions investors that in a mutual fund they put up 100% of the investment, take 100% of the risk, but get only 20% of the gain, if there are any gains. The mutual fund, via fees and other charges listed in the fine print, keeps 80% of any gains you may make.