John Clifton “Jack” Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist.
He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund.
An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible.
The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.
In this video, Bogle talked about his view of the future of index funds.
He said it is hard to get the return people had 40 years ago, because the market prices are too high. To get the same gain, investors should look for a solid 50% market decline.
Warning: This video is to show you John Bogle’s view about the market in the future. Please do your research before doing any investment. A good balance between return and risk is the key to investment success.
Source: Finance Jane
