Buy everything and hold it forever - Jack Bogle
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- čas přidán 25. 07. 2024
- Jack Bogle (John C. Bogle), founder of the Vanguard Group, answers a few questions at the National Press Club in 2001.
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his voice sounds like money
That is the sound of money
The confidence.
"he has a nice speaking voice... " *scrolls down* ahh Im not alone
His voice doesn't match his physical appearance. Sounds like a much younger man's voice.
Facts
John Bogle passed away in January 2019. Thank you for Vanguard!
They forced all other brokers to charge less than 1% . Game changer . Thank you Bogle
@Zane Anthony Rather died penniless than be the richest man in the cemetary. :-)
@Zane Anthony fool, he was worth 80M at death..
And in the end, you can't hold onto material things forever.... It's all worthless dust in the wind
@@jokedog4341 what an idiotic comment. His money went to the beneficiaries of his will
Bogle has made more people more money than just about anyone.
don't you think warren buffett did the same/made people more money than bogle?
@Luís Andrade hmm.
@Luís Andrade that is so BS 😂
@Luís Andrade WB did a lot for long-term investors who invested in the 60ies, 70ies, 80ies, 90ies or later on. Most of these investors trusted WB with their money (kids‘ college funds, retirement funds) and he respected/honoured that at all times and made sure that their money was safe by building BH as a fortress. How can you say that he made/did a lot for himself and not so much for others? TBH, you do not understand WB and his behaviour/actions at all.
@Luís Andrade The investor in BH? LMAO what is he supposed to do? Ask every human on the planet for money and then only invest then? Laughable reply.
The timing of this recommendation is not coincidental at all.
You can only hold tight if you’ve bought right 🔥🔥🔥
Hanif Ellis work for it . Pay for it once . In cash . Idiots run hamster wheels
@@77chevy4x4 PAY FOR IT IN CASH is one of the toughest lessons I ever learned. I lost everything and had to build it back up twice as strong by employing Bogle's methods.Borrowing is the worst.
Asset allocation
@@AmanBansil what’s pay for it in cash?
@@GamenBijvoorbeeld Its paying something with money you have instead of borrowing money to pay for it. Debt is not that bad but some people over leverage and end up loosing everything
As much as i want to invest in GME, I think it has some short term pain ahead. Currently sitting on about 250k, do you still think GME is a good buy right now or I have I missed out on a crucial buy period?
Don't be in a hurry to get in. The market needs several days of strong performance to signal that the downturn might be over; i still think It's a time to be largely, if not entirely, in cash
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
edit this to say “Buy GameStop and hold forever” pls
Someone do this pls.
Yes please someone do this. Or ... Use the wall street bets reddit slogan ...we can stay retarded longer than they can hold out
NEVER SELLING
🙌💎🎮🚀🌚📈
Loll
This guy's voice is insane. There needs to be a video on that.
Man he sounds like a young man. Still seems so sharp.
Dam right..he sounds like he is 25..brain sharp as fuck..pure alpha
Intelligence not alpha or any other silly stereotypical label.
Yes he does!
@@InternetMunchies Grow up. Using "alpha" to describe people lmao
@@Luke-kp1px fuckboy
This guys could convince you to invest in rocks for 100k
@@Aiyoh- breh
What color of rocks?
@@Aiyoh- wtf are you?
@Tian333 crack rocks are a excellent investment but unfortunately super illegal
Rock market will surely stay strong. Grog just purchased second investment cave. Shit was so trog champ
John Bogle has made me a millionaire. I hold the balanced index fund 60/40 and will hold it for life. Thank you St. Jack!!
Any chance at helping someone else get there?
@@josephmelton4721 there is no secret to it. Arrange your life in such a way that you can put as much in your 401K as possible. If you don't have that option, put it into a Roth IRA. Time will help your money compound and the results are pretty amazing. Also, don't think I make a lot of money because I don't. Anyone making at least $50K can do it, but sacrifices will have to be made. It is up to you to decide if those sacrifices are worth it to you, it was for me. Read The Automatic Millionaire by David Bach, and to confirm the reason why you are investing in Index Funds, read The Little Book of Common Sense Investing by John Bogle. Good Luck.
Hey Stephen, I read that one possible danger of indexing is that the stock market will hit a prolonged bear period, right when you are on the verge of retirement and need to cash out to get money. I would like your thoughts on that.
@@shastasilverchairsg A couple of things come to mind. During bear markets most managed funds do worse than indedx funds, so you might as well stick with the lower priced alternative. Also, I am of the mindset that the closer you get to retirement, you should not be 100% in stocks. Lastly, while you are still saving, save more and when the good times no longer role, take less during retirement or even if you have to take from principal, if you saved enough it should all balance out at the end. There are many things that are not in our control, but keeping our cost low is not one of them. John Bogle does answer your question better than I ever can in the chapter entitled When the Good Times No Longer Roll in his book The Little Book of Common Sense Investing. P.S. I'm just an average Joe, so take my advice with a grain of salt and do what works best for you. Good Luck.
@@rothirapizza Absolutely, I just used that as an example, but if you really want to save, you can do it on a lot less than most people realize. Once you make it a priority, there is no turning back.
peregrination: a course of travel, a journey "If you can handle the peregrination of the markets..."
thanks!
didn't realize this was taped in 2001. it looks and sounds like 1992.
1992? lol looks and sounds like 1979
Seems like 1972
More like july 1971
2001?? Damn
8 years off from 20 years away. Not too bad.
Even if you don't use Vanguard, Jack Bogle has probably saved you thousands of dollars.
Plz explain
@@cksrufthsu Not only that, but when you compare the costs of and performance of index funds to actively managed funds, Bogle has probably saved the everyday investor trillions of dollars.
@@cksrufthsu it helps when central banks blow up asset bubbles, SPY will lose 70%, real estate is in a smaller but significant bubble. Commodities are the only thing that isn't in a bubble right now.
@@cksrufthsu Yes, Tesla would not exist right now if not for ZIRP and low interest rates. You need to have a hurdle rate for capitalism to work. Tesla will go brankrupt when the economic cycle turns
@@cksrufthsu You need to study more, I have studied the markets daily for over a decade. You sound like investors in 1998 and 1999. When the everything bubble pops you will get hurt
“Actively managed funds have outperformed index funds for the past 2 years” , I can’t believe he even said this - does he honestly think Bogle gives a shit about a 2 year period
The longer the term, the fewer funds that beat the indexes. And an actively-managed fund needs to beat the index funds by more than the difference in the fees if the investor is going to make more money.
He is clearly talking about Yoloing $AMC.
yeah no
If you just got this recommended, it is a sign 💎✋💎✋💎✋
Sign of what?
@@akshay9772 The end times.
@@marcusporciuscato6404 End of what?
@@akshay9772 Predatory Shorting.
I wish i knew how to get in
Here we are today...20 years later and the Dow is close to 36,000. Thank you Mr. Jack Bogle.
How’s it going now?
@@theotherview1716 I'm buying while it's down. That's the best time to buy. I've been buying the past 40 years so I'm way ahead. Look at an S and P graph sometime.....it's still higher than it was years ago.
@@Gold-oj8do
Ya, people forget that the market is basically only down the 2021 gains. I started in 2020 and I am still up while DCAing through the entire process.
@@mattbenz99 That's right. Just keep buying and re-investing your dividends and you'll be fine. And if you want to buy an individual stock....do the same thing there.
Bogle needs to be celebrated more . The average investor only hears about ppl like buffet, Madoff and thanks to the movies Belford. But this guy here is pure diamond , beyond gold . People need to be educated more of his teachings and philosophies
You would think that with all the money in that room that they would afford to buy a second mic.
That is how they remain rich - keep the wants few!😅
Using the 4% rule.. 4% of 1M= 40k annually to live on..
A million dollars is garbage. Aim higher... Which is what they do. Only buy what you need and use money for what it is. It's a tool. Paper currency for better opportunities. Nothing more. It can buy things that will pay you for life though. Remember that.
@@stillness4610 pretty sure they can afford another mic.
You spend your time looking for ways to spend money that does not improve the product at all. Think for a second and you might figure out where you went wrong.
@@xandercorp6175 are you high
John Bogle's investing wisdom is the cornerstone of the investing finance courses that I teach at university.
Buy and hold. Great advice, sincerely. We are privileged to be able to listen and learn from such brilliant and wise people. " Never lose money " (they say)
He was an absolute legend! My Hero! RIP Jack....... Thank you for everything you did to help us all prosper
The original HODL'er
He would’ve been yoloing Tesla calls if he was around today
@@penpeen2185 he's was a GME angel investor. Now worth zillions.
@@D4N50M3 I set my limit buy too low and now I’m crying. I missed out on 18k worth of gains 😭
@@penpeen2185 Yeaaa. I'm a crypto guy and mann, I love hearing Bogle talk. He's always right. lol
That legendary voice.
I literally had to use UV shades, such a brilliant man.
When he talks he sounds like money 💰.
Key to investing: Have a constant income(s) stream, keep investing regularly for as long as possible.
Buy and hold has worked so far for my 151k youtube portfolio. Project 1million is on its way
@Beeblebrox One ??
its not a loss till I sell!
I said the same thing about my aol stocks. Bought at the top and held it all the way to the bottom.
r/wallstreetbets
People make the huge mistake of holding individual stocks but selling their mutal funds when it starts to go wrong
Tirth xD Guh
yeah but he also says you need to be right before you hold tight.... so makes me wonder if i should bail on longterm losers
The exact opposite of 99% of “investors” today.
I love this philosophy! RIP Jack
Absolute legend. His information is timeless.
What a true hero John Bogle was and still is, I’ll always invest my money with vanguard until I leave this world love you John RIP.
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. - Warren Buffett
This looks like it was filmed in the 70’s
It’s cspan into 2001, twenty years later it looks like the 90s
What a wonderful voice
He’s a gem of a guy. Try telling this to someone else, no one wants to follow this. Everyone, right now, keeps asking me what they should do but they won’t listen if I say “buy the index!!”
Jack is a LEGEND!
Love this man! May he be in heavens developing index funds!
Thank you Mr. Bogle. You have helped me more than you will ever know. RIP sir!
Thanks for posting this....Vanguard seems to have forgotten these principles. Mr. Bogle was a great man.
“Hold forever...” I apply this principle to my real estate investing, which is one of the focus of my videos, in addition to money and mindset advice. If you buy properties as a landlord and keep them for the long term, it doesn’t matter if there’s a real estate market crash because eventually it will rebound...as long as you buy in the right markets at the right price.
Index funds and real estate are my money makers that have helped me grow my net worth over the last 19 years as an active duty Marine.
Mason Presley yes, it’s hard to be a flipper in today’s market. But it’s always a good market to be a buy and hold investor.
Flipping is a job, not an investment. Some people can't tell the difference.
Good luck with real estates and a declining global population.
Relevant more now than ever
The DOW was at 9,000 then now its at 30,000.
Gold was 250 then and now 1950, no yield but a proven diversifier. Dow priced in gold is down 60% lol.
@@Ja50nkAt well that because the "money" is almost worthless.
The DOW has been a terrible investment.
Bitcoin didn't even exist and now it's 40k. Where was jack on that one!!!
@George O'Carroll it was a joke
Jack is a great person with amazing advice.
Last minute sums it up.
Definitely beats leaving money in the bank.
Cruise Control 😅😅😅👏🏽👏🏽👏🏽
Ledning out money to your family beats money in the bank. You dont get negative interests from it.
@@xantonify the risks are much higher, they might not repay it, which has happened to my mom
The legend, and the man that changed my life around, after I get super rich through index funds, I am going to America and paying Jack a visit
Hold GME forever
How’s it going so far?
R.I.P. Mr. Bogle. Thank you for creating Index Funds.
That last question. look at those companies now! if they even exist!
A lot of people would have done well to listen to this advice at the beginning of 2020.
I bought in at 24000. I timed the market.
@@thinkblue8089 The advice is regarding selling (never), not buying.
Money flows from the inpatient to the patient.
WE LIKE THE STOCK GAMESTONK
TO INFINITY
AND BEYOND
He didn't have to stop, pause and think of a response, it was instant.
Hold. Hold. January 29th 2021. We. Hold.
I hold the Russell 2000 and S&P500 in my retirement account and buy every 2 weeks with my pay check. God Bless Jack.
How’s it going now?
@@theotherview1716 amazing actually. The recent Market dip has been great for me to buy more shares. I have a fixed contribution that goes in every two weeks, so the lower the prices go the better for me. Keep on dropping!
@@trepan4944 that’s good-I have $50K available from a will but can’t do continuous contributions. Not sure when to invest
@@theotherview1716 you cannot time the market
Thank you Mr. Bogle! RIP
Time in the market beats timing the market.
@Evil Ghandi Well, my dividends payouts wouldn't agree with you. To each their own i guess, may you find success in your own strategy
Great information and advice 👍 👌 👏
5:10 Cisco
$53 - January 2000
$77 - March 2000 (all-time high)
$15 - March 2001
$33 - Oct. 2007
$56 - Feb. 2022
shows why you should own all stocks in the 500 Index. Not just individual stocks.
Props to that microphone set up 🎙
legendary as always
His voice makes winning possible...
Good times! Thank you
GM filed bankruptcy in 2009, shareholders lost their money. That's a LOSS!!! The next year 2010 GM creates new shares out of thin air. They should have to change their name.
Nobody lost their shares. The courts allows them to restructure (with govt loans and oversight) and anyone that keep their stock benefitted from it
Erik F I lost my shares.
The old stock price went to zero, share holders did not get their shares replaced when Gm issued new shares. GM screwed a lot of people
@@boatdrinks1 yeah I was wrong
DAMN!!! That’s crazy
Omg that voice is of an old guy!? Such a beautiful and strong voice!
And the DOW is just now at 30,000. This is great.
i watch this video every time when i need courage
Great algorithm you got there CZcams
A true legend.
Thanku
Love this
You can see in this clip why Jack Bogle was so great: he was able to call Dow 36,000 even though his prediction on Lucent was way off - it actually went bust a few years after this! Doesn't matter which individual stocks you get wrong or right - time in the market will almost always beat timing the market
oh youtube recommended you have the finest ways
Currency debased at 7.11% a year since 1971. Stocks, gold, real estate all up about 7% a year. It's debasement and nothing else. It's all about the Fed creating the global bubble. It fluctuates but averages 7.,11% pretty close. It's just a debt bubble. God hope it does not pop. There will be massive defaults. Jack also recommends holding 5% gold. Rest in peace Jack. Wonderful man. A truth teller.
You're not wrong but this doesn't address the real problem. Goldman is an interesting name...
@@_Patton_Was_Right I got this information from belangp website on gold, excellent site. Goldman just means I am a gold man. I own gold.
Thats very interesting. Society has advanced so much since 1971, it seems unreal to think you could've just stuck gold in a safe during the same time and seen the same return.
@@michaelkennedy4646 I would diversify, but as I'm not 18 yet, I'm just stuck to looking for silver coins and copper cents :/
I would definitely hold an amount of gold too though
Very well said.
Such a boss!!!!
He would’ve been great starring a Bond role
For every day you hold your voice becomes 1hz deeper until you sound like Jack
You can only hold tight, if you bought right
Long term bonds are not good right now back then they made more sense.
Exactly, 10 year note in 1982 was getting close to 15%. Bonds now are worthless, especially European ones :(
@@pja8901 You don't keep bonds for returns, you keep bonds for decrease in volatility. Also check the inflation from 1980, it might be the reason why bonds were so "valuable".
@@robertasanache21 Of course you buy them for returns. I wouldn't pack 50% of my portfolio with negative yeilding bonds to "decrease volatility", when i'm investing over the next 30-40 years. If they were yeilding returns at the time of his advise, i'd own them.
@@pja8901 There are lots of factors to consider. For example I have a 60% allocation on bonds and a growth of 12% (net + dividends) this 8 months because of this allocation. Bonds do miracles in recession/stressed times and can get you through a crash without suicidal thoughts.
For me that was the reason of having bonds in my portfolio.
@@robertasanache21 It's a fair point. I think QE has changed bonds, they used to be an investment opportunity, a chance for lenders to inject capital into a business for an attractive return. Now they're nothing but hiding places in times of volatility. I do hold bonds in my short term savings (3-5 years). I hold next to none in my SIPP (30-40 years).
Hes right, I has FANG (all of it) 3yrs back. Sold it for no loss, no profit,. That goes into the bucket of biggest financial mistakes of life..
That voice on point 👌
Like he says, holding a handful of stocks, is not sound investing, you are simply far too overexposed to individual stocks, do not have in built diversification, too overexposed to individual stocks and the market. Want to plan on holding at least 30 to 50 individual stocks, this is the beauty of tracker funds and actively managed funds, they holding a broad cross section of companies, chosen by a professional manager, auto diversification and inherent resilient safeties are therefore built into.
If you bought 100 shares of Shopify stock at $28 and change in 2015, you'd have $35,000 today. You should buy individual stocks AND index funds.
rocketguy01 : oh wow! Okay what stocks to buy now? Lol
This aged like fine wine.
Buy Gamestonk and hold forever
What does he mean by getting the market return themselves; less cost? Thank you!
He's talking about an investment in an index fund. The fund's performance mirrors that of the underlying index, such as the S&P500, minus the operating costs of running the fund.
The ultimate diamond hands axiom💎👐
Wish I saw this when I bought Zomedica at $0.24
100k lump sum invested today to 20 years ago would be worth $845,000 data source J.P. Morgan guide to the markets 2019 q3 in the s&p 500
How much ‘buying power’ will the U.S. dollar have in twenty years ?
The great value investors of all time utilised a concentrated portfolio strategy. Which is not to say that indexing is inherently bad.
Yes, but for the Average Joe, Indexing is the way to go.
I have a Vanguard IRA. What is meant by indexing? I’m getting confused at terminology. I’m thinking of investing in the Vanguard ETF VOO but unsure if this is a good time...then again, the man said just buy and hold! :)
@@birdgirl1516 dont try to time the market. VOO is a great, purchase it and keep purchasing index funds. Never sell
Caleb Olynick : thanks, that’s what my research tells me. VOO here I come. Vanguard IRA has been great for me so I want to stick with them
What year is this?
The Man, The Myth, The Legend, Jack Bogle...
🖤 Haha!
Legend 🙏
WE LIKE THE STOCK
buy and hold forever!
Legend.
Rip Jack Bogle founder of vanguard funds
The father of diamond hands