The Man Who Solved Investing - 10 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.
Jack Bogle was a great man who made things better for ordinary investors.
if you are unsure about investing, just buy the S & P, reinvest the dividends and capital gains, and let it sit there until you retire.
I recommend watching interviews with Jack Bogle, he was sharp to the very end and seemed genuine. His book Common Sense Investing is a must-read for anyone investing.
Jack Bogle saved me, this is why i will forever remain with Vanguard and embody Jacks philosophy. Thank you so much for this video and i feel like ALL financial CZcamsrs must dedicate videos to the great Jack bogle , without him we would never have such competition, thank you Sir for honouring Jack bogle with this great video and may the greatest Sage Rest in Peace ❤
It's good to hear clear straightforward life advice. Anyone will win at finances if only these rules are obeyed. Your hair is looking extra snatched in this video.
😂 yea my hair was a mess because I just woke up from a nap. Was getting ready to travel through the night 2 hours after filming so I had to get my rest in beforehand. Good thing I don't give style tips because I don't have any haha
Another awesome video Jarrad. Wish I had found out about all these things a long time ago. Thanks
Excellent work!
Love your videos and learning a lot. Thanks!
Mr. Bogle is the man, plain and simple. As the market has dropped in recent days, know what I did with my investments? Nothing--I continued to buy index funds at my normal amount/cadence.
"Don't do something, just stand there!"
Great vid as always!
Another wonderful one from my brother Jarrad.Absolutely resonate with the ideas of the great man,Mr.Bogle.
Jack Bogle's commitment to investor-friendly practices truly revolutionized the investment world. His emphasis on long-term strategies and low fees serves as a timeless reminder that in investing, simplicity and patience often lead to success. 🌟
Everyone should just buy VT and call it a day. Buy the whole global stock market at market cap weights and let the market decide who grows and falls.
Strong disagree. However, VTI would be a strong candidate for best.
Bogle the goat. Keep investing everybody…we owe it to him
RIP to the legend, Jack Bogle. His 10 rules aren't just words on paper; they're a roadmap to financial freedom.
Well said!
I was appreciate you showing the difference in the percentage costs overtime
Best investor in US history, Ty Cobb.
Why beat the market just ride it.
Legends come and go but one remains !!!
With my HSA account, I keep my max out-of-pocket is cash/cash equivalents, and the rest is: 59% VT, 19.5% BNDW, 9.5% GLDM, 9.5% REET, 2.5% FBTC
(FBTC is a gamble. If it wasn't for that, than it'd be 60/20/10/10).
I heard Dave R say just be fully invested in stocks and don't bother with bonds til the day u die. Is that a valid strategy?
How do you get your money when you retire?
If you have a roth IRA do you have to sale some of your Target date or S&P500 funds each month to get your money?
Before you can transfer it into your bank account.
I appreciate you man🙏. All your videos are so helpful and helped me start investing on my own. You are doing a great service my friend
Dave Ramsey states that his mutual funds earn over 12% every year lol
This channel is underrated!
Sorely missed 💔 Greetings from Germany
Hi Jarrad - I have a video idea for you - Once a month video about the current state of the financial market and your advice where to buy or sell
Unfortunately I don't know and don't care what's going on in the financial markets since I'm a buy and hold investor so I wouldn't be the guy to look to on that info. To be honest, I haven't even looked at what the market has done in 2024. For all I know it could be up 20% or down 20% 😂
Lurv ya
And he didn't make himself 'filthy' rich; yes, he was quite wealthy, but could have easily been a multi-billionaire❤
🫡