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 he gave his essential advice for any investor. He suggested that people just need to have two types of funds in their portfolio: stock market index funds and bond market index funds. When the investors are young, they can weight more on stock index fund to get more gains; when they get older, they can weight more on the bond index fund to reduce risks.

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Attribution: “Bogleheads® Conference 2010 - Jack Bogle on Investing: The Essentials” by Bogleheads. Shared via a Creative Commons CC-BY license. https://youtu.be/vhh9Srdr6s0

Warning: This video is to show you John Bogle’s view about investing. Please do your research before doing any investment. A good balance between return and risk is the key to investment success.

#indexfund #jackbogle #bond