Work, I Leave as. The largest, keep a. Sometimes the number does TeamViewer use.
Post by jim » Wed Apr 11, am. Privacy Terms. Time: 0. Quick links. Bogle on Investing [podcast interview] Discuss all general i. Bogle on Investing [podcast interview] Post by Bylo Selhi » Tue Apr 10, pm Bogle on Investing Links to the 58 minute podcast for streaming or download, and a running commentary of the podcast, e. Bogle paraphrased said and Russ Roberts wrote: Why indexing works: More diversified than the average mutual fund at lower cost.
Investors understand that the lower costs are desirable. Yet many investors still believe they can pick the smart managers and thus do better with a managed fund than with the average index fund. For investors, it's easy to look back but difficult to look forward. Performance-chasing conventionally makes investor his own worst enemy.
Typical mutual fund investor earns about 3 percentage points less per year less than the typical fund itself! If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle.
For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing — or, as in our bet, less than nothing — of added value.
In his early years, Jack was frequently mocked by the investment-management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.
What are the secrets to long term investing success? No one better to ask than Jack Bogle, founder of Vanguard, creator of the index fund and orator of my favorite investing quote, which can be viewed from an old CNBC interview, here:. It goes up and it goes down, but in the long run it goes up.
The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing. The only way to start investing for a lifetime is to buy a broad-market index fund. In the long run, I believe in owning the stock market, not having a manager own little pieces of it for you.
Our take: For those of you who have signed up for our newsletter and received our free eBook, you have seen the numbers. A majority of mutual funds lose to the general market. For most investors, owning the broad based index funds is not only the easiest option available, but the best! Reduce costs and you maximize your fair share of the market return. What is the intellectual basis for active managing or stock picking?
Is that an intellectual basis? Be bored by the process but elated by the outcome. The more you bet, the more you lose. If you want excitement, take your money to Vegas. Remember if an investment can make you rich in a day, it can also and will probably make your broke in a day.
There are only two things working here: How did it much cost to get into the market, and how long are you in? Our take: The magic of compounding interest works best the longer you give it. Remember, you are saving now for money to spend decades down the road in retirement.