http://www.marketwatch.com/story/ja...et-the-indexes-work-2014-11-03?dist=countdown
Nothing new, but always good to hear again.
Nothing new, but always good to hear again.
"Vanguard founder Jack Bogle’s advice to fretful investors"
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eta2020
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He has simple but extremely smart message...
At least give us a hint...
Bestwifeever
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No kidding.
eta2020
Thinks s/he gets paid by the post
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It is more less first lesson I gave to my daughter about investing.
Simplicity is elegant and does not need many words.
Here's the gist from the article
“What’s going on in the market is domination of short-term speculation over long-term investment,” he said. “Long-term investors simply are not affected by the comings and goings of the market, where it looks like it goes up 100 points on odd-numbered days and down 100 points on even-numbered days.
“As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of sound and fury, signifying nothing,” Bogle added. “One of my favorite rules is ‘Don’t peek.’ Don’t let all the noise drown out your common sense and your wisdom. Just try not to pay that much attention, because it will have no effect whatsoever, categorically, on your lifetime investment returns.”
On why investors should ignore the noise and just aim for the index return over a lifetime:
“Returns are created not by the stock market, they are created by U.S. business, our corporations,”
“What’s going on in the market is domination of short-term speculation over long-term investment,” he said. “Long-term investors simply are not affected by the comings and goings of the market, where it looks like it goes up 100 points on odd-numbered days and down 100 points on even-numbered days.
“As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of sound and fury, signifying nothing,” Bogle added. “One of my favorite rules is ‘Don’t peek.’ Don’t let all the noise drown out your common sense and your wisdom. Just try not to pay that much attention, because it will have no effect whatsoever, categorically, on your lifetime investment returns.”
On why investors should ignore the noise and just aim for the index return over a lifetime:
“Returns are created not by the stock market, they are created by U.S. business, our corporations,”
M Paquette
Moderator Emeritus
To wit:
Also in the headline:
Vanguard founder Jack Bogle’s advice to fretful investors: Shut your eyes and let indexes do the work
Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Jack Bogle, IMHO, is a hero of the working class. I have to think he has literally helped millions, probably tens of millions of working people insure a better life for themselves, their families and others.
Bogle brand shark repellent - The original. None better.
Bogle brand shark repellent - The original. None better.
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Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
+1, would exceed my expectations!!! Our AA and plan is based on 0-2% real returns. Let's hope...
