Jack Bogle Day – He’s still saving us money
On August 31, 1976 , John Bogle led Vanguard to create something new–the first index fund for personal investors. That fund grew slowly at first but kicked off a revolution that continues today.
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Jack Bogle Day
I’m declaring today “Jack Bogle Day”, not just because I watched the webcast celebrating Bogle’s 65 years in the financial services industry, but because he deserves it. Bogle is famous for two innovations:
Jack Bogle’s Philosophy
As we celebrate Jack Bogle Day let’s assess one of his bedrock beliefs: Don’t try to beat the market
The deck is stacked…
in your favor! As we celebrate Jack Bogle day, let’s think about what the stock market is and how it got that way.
Investing Myth 1: Getting in and out of the market
“We help you get out of the market before it goes down too much and get you back in to get most of the recovery.” I heard those words from a respectable, well meaning, deluded investment firm. Who wouldn’t want to get in on this? Avoiding most losses while getting most gains! Eventually you’d own the … Read more
What Made Jack Bogle Special?
A simple idea made Jack Bogle special. Some ideas are complex — quantum theory, for instance. Some ideas are silly– drinking this kind of sugared burp water will make me irresistible to the opposite sex. Some ideas are appealing but wrong — sadly we haven’t invented warp drive. Jack Bogle had a very simple idea … Read more
The Man Who Put the Fun in Mutual Fund
On August 31, the First Index Trust mutual fund began operations. It was tiny and disrespected. Now it’s the largest one in the world. Here’s how that fund changed the investing world, why that’s important to you, and why you should celebrate Jack Bogle Day. First Index Trust is now the Vanguard 500, once known … Read more