Jack Bogle's Words of Wisdom (2017):"During the past 25 years: average net annual return of lowest-cost funds, 9.4 percent; net annual return of highest-cost funds, just 8.3% percent. You get to keep exactly what you don't pay for."
"Simplicity is the master key to financial success." -- Jack Bogle
Jack Bogle's Words of Wisdom (2017):"During the past 25 years: average net annual return of lowest-cost funds, 9.4 percent; net annual return of highest-cost funds, just 8.3% percent. You get to keep exactly what you don't pay for."
Taylor, thank you for posting this. Reading this and similar articles help me "stay the course".
Jack Bogle's Words of Wisdom (2017):"During the past 25 years: average net annual return of lowest-cost funds, 9.4 percent; net annual return of highest-cost funds, just 8.3% percent. You get to keep exactly what you don't pay for."
Costs are awful; I do not buy high-cost funds as a result.
I am not a devoted Boglehead, but I take advantage of not paying for the high fees. Jack was a more than reasonable fellow.
Passive investing: not about making big bucks but making profits. Active investing: not about beating the market but meeting goals. Speculation: not about timing the market but taking profitable risks.
Jack Bogle changed the game. I recently guided family members to switch from an assets under management portfolio at Merrill that was severely underperforming. Those excessive fees are now going directly to their enjoyment and savings, the way it should be.
sunnywindy wrote: ↑Fri Sep 17, 2021 4:37 pm
Every time there is a Vanguard price reduction, I quantify my new savings in extra beer money (to keep it fun!). Thank you, Mr. Bogle!
Does anybody know what lake Mr. Bogle is piloting the wooden motorboat? Excellent picture, too.
sunnywindy:
Mr. and Mrs. Bogle own a summer home on Lake Placid in New York State’s Adirondack Mountains. Jack also owned a small sailboat.
Best wishes.
Taylor
Jack Bogle's Words of Wisdom: “The most important things in life and in business can’t be measured. – How about grace, kindness, and integrity. Tell me, please, if you can, how to value friendship, cooperation, dedication, and spirit.”
"Simplicity is the master key to financial success." -- Jack Bogle