Everyone Should Copy This Millionaire’s Investing Rules

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Jack Bogle, known as John C. Bogle, was an influential American investor, business magnate, and philanthropist, best known as the founder of Vanguard Group, and a major proponent of low-cost investing. Bogle revolutionized the investment world with his emphasis on index investing for individual investors.

Born in 1929 and having graduated from Princeton University, Bogle wrote his senior thesis on mutual funds, highlighting how their costs significantly impact returns. This insight led him to establish Vanguard in 1974, which introduced the first index mutual fund in 1976. Vanguard’s ethos was to create funds that were owned by the shareholders who invested in them, a novel structure that aligned the company’s interests with its investors.

Bogle’s investing philosophy was straightforward and based on long-term, passive investment strategies. He was a staunch critic of mutual funds and investment strategies that aimed to beat the market through active management, arguing that high management fees and transaction costs over time erode much of the returns that might be gained from such strategies. Instead, he advocated for investing in broad-based index funds, which replicate the performance of a benchmark index.

He often summarized his approach with his famous “Bogle’s Rules” for investing:

– Invest you must—The first step is to start investing; not investing guarantees no returns.
– Time is your friend—Investing for the long term capitalizes on the power of compounding.
– Impulse is your enemy—Eliminate the emotion from your investment process.
– Basic math works—Fund costs are deducted from fund returns, and therefore keeping costs low maximizes net returns.
– Stick to simplicity—Basic broad-based index funds provide diversification and the best chance to capture market returns.

Jack Bogle’s impact on the financial industry is profound, having been credited with helping to save investors worldwide billions of dollars through the low-cost index model. His legacy is a testament to the principles of simplicity, transparency, and putting the interests of the investor first. His ideas fostered a shift towards index investing, which has become a dominant philosophy in the landscape of financial planning and investing.

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Disclaimer: This video is for entertainment purposes only. Everyone’s situation is different so do your own research before making any decisions with your money.

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