Jack Bogle charms his fans with his crusty criticisms of the fund industry. And he's right. He now heads the Bogle Financial Markets Research Center and is a regular on the keynote speaker circuit. I mention to him that I read his recent Social Security speech. Do your fishing in a low-cost pond.
Costs are even more key to bond investing because fund returns tend to fall within a narrow range.
But when you can get a diversified portfolio at a higher yield than a Treasury, I would take that. But his stance on international investing does invite argument. Bogle contends that foreign diversification is of little value. We saw this in 1998, we saw it from, say, March 20 to April 20 this year. And do it in index funds.