Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Happy BD Indexing, thanks to one J. Bogle
Old 08-31-2006, 04:13 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
Happy BD Indexing, thanks to one J. Bogle

http://tinyurl.com/m4tf5

On August 31, 1976, Vanguard launched First Index Investment Trust—now known as Vanguard® 500 Index Fund. It was the nation's first index mutual fund available to individual investors.

Thirty years later, the investment world has been permanently changed.

"The introduction of the First Index Investment Trust was one of the few truly seminal dates in the mutual fund industry," said John J. Brennan, Vanguard chairman and CEO. "It offered the individual investor a broadly diversified, low-cost investment approach that wasn't available before."

Audio interview
Hear an interview with Vanguard indexing experts Gus Sauter and Ken Volpert.

› Listen now (8˝ minutes) The reaction to this momentous event? A frown and a shrug. Conventional wisdom said that only actively managed funds made sense for individuals. Why would anyone not try to beat the market?

Why use indexing?
One economics professor had an answer to that question. When Princeton Professor Burton G. Malkiel wrote A Random Walk Down Wall Street in 1973, he explained in plain English why it's so difficult to outperform market averages, which are unburdened by investment management costs. Simply tracking an index's performance, he said, offered a superior long-term strategy.[/i]


Moderator Edit: Shortened URL

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Balance Mutual Fund per Mr Bogle Hillbilly FIRE and Money 26 04-08-2007 11:02 AM
Fundamental Indexing debate in JOI ats5g FIRE and Money 0 03-15-2007 01:34 PM
indexing bonds perinova FIRE and Money 17 12-01-2006 09:24 PM
Bogle and Global Investing Rich_by_the_Bay FIRE and Money 20 09-26-2006 08:31 PM
indexing SWR to inflation or to valuation perinova FIRE and Money 16 05-15-2006 05:48 PM

» Quick Links

 
All times are GMT -6. The time now is 02:57 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.