19 Burst results for "John Bogel"

"john bogle" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:45 min | 1 year ago

"john bogle" Discussed on WBZ NewsRadio 1030

"To you got this well the professionals all the time yeah John Bogle the founder of the vanguard funds I don't know exactly what he said but he basically space we set our we let our emotions get in the way of making sound decisions I think you make emotional decisions when you're not working with someone in you don't have a plan when you have a plan you have a plane we got to follow that plan do we have to change our plan here in the a yes but we have a plan to follow in their site guideline it's no different than going on ways right you punch in a I need to go from here to the restaurant that I've never been to and they laid out in the end you can see you can see right on the screen and says he's going to go from here you can one twenty eight take route two and you're in Cambridge yeah but then all of a sudden halfway there it's recalculating because those accidents so it it re Roach you when you go on a side road route sixteen and get back on the road to notify the what we do know define the what we do the motion is something that we can all relate to and I want to stick on this for for just a second here but a motion can also hurt someone who doesn't have a plan it is may be afraid of going to see a professional because they don't know what to expect that a motion at can maybe you'll paralyze them and they don't do anything yeah I mean it's important for someone to understand that when you go you sit with a financial adviser and you sit with them there on your team they're there to help you they're not judging you they're not looking at what you've done and I'm going to criticize you they want to help you they want to hear what it is that you're trying to achieve with your wealth and they want to make sure that they can help you get to that end destination Hey I want to retire five years okay let's put things in place based on what you've been doing let's get you there in five years what we have to do to get you there you want someone who's going to work on your team you need to take yeah well guys thank you so much for what you do it is very very complicated and I'm glad that people can get answers here on the show on just don't lose money radio and the just don't lose the money podcast and ever be known laying well partners folks coming up here just a second they're going to give you the opportunity to get these questions answered don't go about it alone you don't have to do that get the answers here on just don't lose the money ready on the just don't lose the money podcast coming up next really talk about maximizing tax savings we all like the sound of that plus do you need a will or an estate plan or both the talk to Sam about that coming up next right here on just don't lose the money radio with Sam **** and John Connally ever been on land well partners and the just don't lose money podcast stay with hi this is Susan morning if you're worried about running out of money in retirement and have saved five hundred thousand dollars or more call for.

John Bogle founder
"john bogle" Discussed on Five Rounds with Brett Okamoto

Five Rounds with Brett Okamoto

03:21 min | 2 years ago

"john bogle" Discussed on Five Rounds with Brett Okamoto

"Don't think francis as situations on the changes the number one contender connects belt for them up and see what goes down like you you feel like there's absolutely no way john bogle heavy right now he's he doesn't put you feel like these cv jones could never happen a heavyweight i don't wanna say never i just don't think that dc wants it at heavyweight and i don't think john jones wants at a heavyweight i think you have see a is interested in it at heavyweight but i think jones is gonna say like why am i gonna go up there if you know you're so good there and you're so much more comfortable there in dc is line of thinking it's just because he's he's a competitor you know you beat me twice at two oh five it doesn't count if i beat you at heavyweight and so if i'm gonna do this i'm gonna go down a does it end up happening you know we may never know 'em it may be a moot point in it may never you know ashley come to fruition may it may just be a thing that will always dream like does the fight at heavyweight look different than the fight a two oh five but i believe both guys have no interest in the fight happening at heavyweight i think the fans though really do you know offer sure i hear people talk about this i think that's the fight they wanna see you know so like i mean if anyone control a spider in the works i guess it's john john's but as you say he doesn't seem to want that for you know if you know people change their minds very quickly as you know area yes they certainly do i mean look will see what happens this weekend with john don't wanna overlook chicago santos luke rock hold is out there who's a friend and teammate of daniel cormie so that could change things is it said earlier chris wideman which could change things as well well now you're showing the european by forget about that yeah i was talking to at you'll wanna and michael material of the castle but he's all over you're champion they think that a i know the country man of at their fellow pow's what they believe that a big shock is in order is actually speaking began before but on the phone with you oh and he's a he seemed mara an animated i couldn't lou said talk of jones all the time basically talking as if he's gonna go really thrilling has that kind of got under jansky in a best i'm kind of talking you about whether it has a contrast with yellow michael this being a loss surfer mary oxford title belt you know he he feels as though that left times could come into play for him in this fight so that's an interesting thing to watch out for maybe oh i think one of the biggest question marks heading into saturday is luke rock hold what did he look like and how did he fight at two five again like i i have a lot of questions so i would not be shocked if john pulled off the quote unquote upset i'm not overlooking him a obviously rocco versus jones there's a lot more of a storyline there in rocco's lot more popular here in united states but yeah don't don't don't don't take that like i was looking past a yawn at all have a lot of respect for him a i just don't know how much you know how much interest there isn't a john jones versus young boxwoods pedal fight at this juncture maybe i'm wrong maybe a massive massive all right after you pt appreciate your time as always my man thank you very much and again a great stuff would that article welcome to the squad i'm looking forward to mourn and keep up the great work over emmy funding dot com and with the euro bash podcast which other than my own podcast my favorite podcasts out there somewhat argue it's even better i'm just saying yeah i know they may not make some some people they would be crazy but you know.

francis john bogle
"john bogle" Discussed on Ariel Helwani's MMA Show

Ariel Helwani's MMA Show

03:21 min | 2 years ago

"john bogle" Discussed on Ariel Helwani's MMA Show

"Don't think francis as situations on the changes the number one contender connects belt for them up and see what goes down like you you feel like there's absolutely no way john bogle heavy right now he's he doesn't put you feel like these cv jones could never happen a heavyweight i don't wanna say never i just don't think that dc wants it at heavyweight and i don't think john jones wants at a heavyweight i think you have see a is interested in it at heavyweight but i think jones is gonna say like why am i gonna go up there if you know you're so good there and you're so much more comfortable there in dc is line of thinking it's just because he's he's a competitor you know you beat me twice at two oh five it doesn't count if i beat you at heavyweight and so if i'm gonna do this i'm gonna go down a does it end up happening you know we may never know 'em it may be a moot point in it may never you know ashley come to fruition may it may just be a thing that will always dream like does the fight at heavyweight look different than the fight a two oh five but i believe both guys have no interest in the fight happening at heavyweight i think the fans though really do you know offer sure i hear people talk about this i think that's the fight they wanna see you know so like i mean if anyone control a spider in the works i guess it's john john's but as you say he doesn't seem to want that for you know if you know people change their minds very quickly as you know area yes they certainly do i mean look will see what happens this weekend with john don't wanna overlook chicago santos luke rock hold is out there who's a friend and teammate of daniel cormie so that could change things is it said earlier chris wideman which could change things as well well now you're showing the european by forget about that yeah i was talking to at you'll wanna and michael material of the castle but he's all over you're champion they think that a i know the country man of at their fellow pow's what they believe that a big shock is in order is actually speaking began before but on the phone with you oh and he's a he seemed mara an animated i couldn't lou said talk of jones all the time basically talking as if he's gonna go really thrilling has that kind of got under jansky in a best i'm kind of talking you about whether it has a contrast with yellow michael this being a loss surfer mary oxford title belt you know he he feels as though that left times could come into play for him in this fight so that's an interesting thing to watch out for maybe oh i think one of the biggest question marks heading into saturday is luke rock hold what did he look like and how did he fight at two five again like i i have a lot of questions so i would not be shocked if john pulled off the quote unquote upset i'm not overlooking him a obviously rocco versus jones there's a lot more of a storyline there in rocco's lot more popular here in united states but yeah don't don't don't don't take that like i was looking past a yawn at all have a lot of respect for him a i just don't know how much you know how much interest there isn't a john jones versus young boxwoods pedal fight at this juncture maybe i'm wrong maybe a massive massive all right after you pt appreciate your time as always my man thank you very much and again a great stuff would that article welcome to the squad i'm looking forward to mourn and keep up the great work over emmy funding dot com and with the euro bash podcast which other than my own podcast my favorite podcasts out there somewhat argue it's even better i'm just saying yeah i know they may not make some some people they would be crazy but you know.

francis john bogle
"john bogle" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

01:37 min | 2 years ago

"john bogle" Discussed on MAD MONEY W/ JIM CRAMER

"I cannot tell you how important this stuff is the answer is is that you keep the ten thousand. And you just keep I want that book. I wanted to grow grow grow. I want the may have money portfolio to be dramatically spor then your index portfolio. I know that hurts I am based on stocks. But I am an index fund guy. I thank you late John Bogle, and let's pay attention to see me see plus acorns for more financial knowledge. Okay. The market has been held back by the strong dollar. But the charges just that could be changing it leads. According to Carly, she's alone though. Right. She's alone. I've learned that she's been right for more than raw. We're may have money and Kupa may not be a household name. But it's certainly not coming out of nowhere. I'm sitting down with issue Kupa to find out if today's drop cloud the eighth. By opportunity, clouds, then more than just chips, I'm explaining what makes us semiconductor lead rally to all the rallies in why you need to take note and all your calls rapid parts lighted around. So stay with Kramer. Horseshoe. But as I told you before the cloud based software companies keep reporting these fabulous results, but the few notable exceptions the ones red hot stocks end up getting pulverize. It's a little bit crazy. I coming back to this point because any cloud stocks because the cloud socks are really the most important issue in this whole market. They lead the whole market higher January February then they let us lower after the pattern emerge wouldn't started. Right wind workday reporter fantastic, Gordon. The stock went down. That's why we need them to start breaking that pattern which pays me. Lupus offer. One of our cloud Princess with a software platform that helps businesses identified quad cities..

Carly Kupa John Bogle us Gordon Lupus Kramer reporter
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

03:38 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"January of nineteen ninety two that it would very likely surpass the Magellan fund before two thousand and one which it did. And as you mentioned vanguard currently has five trillion in assets under management, all right? Also, as you mentioned Bogle senior thesis was titled the economic role of the investment company and in December of nineteen forty nine. He happened to read an article in. What magazine that inspired his senior thesis and his life's work for Turner. Forbes. It was fortune. Very nice Bogle refer to it. As a remarkable accident him reading this article that sparked his career he said if I hadn't opened that magazine. I wouldn't be in this business today. Not interesting. Jason's why I got a great article in the Wall Street Journal as attributed John Bogel, but did point out that so he he wrote that article in nineteen fifty one I think joins Wellington which was an actively managed fund shop because there weren't index funds back then and there are points in bogus history. Even as late as nineteen Seventy-three where he is defending actively managing meant and saying that no if you own a mutual fund, the average person will. Beat the market wasn't until that he was forced out of Wellington. And then started vanguard that he really embraced the index concept. But even while he was there. I don't know something like half the assets vanguard, we're actively managed. It's just one of those interesting things about him because he's so known for indexing at he ran a company that that manages trillions of dollars and actively manage funds and still still still active thirty percent of their assets are actively managed hi, Paul Samuelson. The first American to win the Nobel prize in economics. He was highly influential on Bogle, and he also liked Bogle as well. He ranked boggles invention of the index fund alongside the invention of what other major achievements. The wheel. Let's like sliced bread and cheese or something like that. Those are good invention the wheel the alphabet and the Gutenberg press. Well, I was close very so many people will say like, you know, we'll call Bogle as the father of indexing, but the concept actually did exist was discussed for years before the first index and one of them was by Paul Samuelson. Even Benjamin Graham came to a point where it's like, it's really hard to beat the market. But it was it was really Bogle who made it the first publicly available retail index fund. All right. Rick Stengel, former managing editor of time, and a friend of Bogel said that Bogle was a straight shooter and fond of describing pretentious people as all blank and no cattle. Yes. It was there Stangl described Vogel as all cattle and not very much at what is van guard named after. So it is named after a ship from the battle the seventeen ninety eight battle of the Nile Horatio Nelson versus Napoleon and they won. Very nicely done. Yes. The ATM's vanguard company is noted for its female employees are called crew members. Yet the cafeteria is. The galley. The gym is called shipshape. And the company store is the Chandler. I guess that's a. I've been I've been to their campus. And as I said before they put they put the industrial and industrial park. I mean, it's a no frills place, which makes me happy is.

Bogle John Bogel vanguard Paul Samuelson Wellington Magellan Nobel prize Turner Benjamin Graham Wall Street Journal Rick Stengel Forbes Horatio Nelson Chandler Jason managing editor Stangl Napoleon Vogel thirty percent
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

03:52 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"This is considered a rollover, and there are some rules about rollovers, including limits. Only one every twelve months, so if you've already done it once, and then the next time, you try it again, it's actually considered distribution you won't be able to put the money back in the IRA, and you may owe taxes and penalties. So make sure you learn all about the ins and outs before trying to strategy. Now, if you're taking money out of a Roth IRA, and you don't get the money back in the contribution. You put in will still be taxing penalty free. It's any growth that you took out that you'll you'll pay tax. And penalties. If you're not fifty nine and a half traditional IRA, if you take it out and don't get it back in you're gonna pay taxes and the penalties. And of course, the negatives there to the same with the 4._0._1._K if you don't pay it back you'll have missed out on all that growth in your retirement will be compromised stock market tanks. Well, that's true. Some people might be very well. Let's try to look on the bright side. That's right. There's someone in the studio in fact. Okay. And then my last option borrow from family and friends in this. If you've if you are ineffectually where that's fine. It's not embarrassing won't cause any any friction with folks. It's perfectly fine solution. When I bought my first house involved borrowing money from my dad, who in the end just said, you know, what don't pay it back. You're just not gonna get inherit as much when I eventually died, but I was happy with that. So that's a great option. If you can do it. The cons of it are can cause troubles borrowing. Money is always can be very difficult with family and keeping things fair. Right. And if you're not in a position of having being able to pay it back that causes problems. So. Got asked resort. Is that broS last resort? Well, it depends. I mean, if you have family where? You know, people are generally well off and of established like, listen if you're ever in trouble. I'm here to help you out. I think that's the first resort. It's great. It's probably an interest free loan, and you don't have to go through all the other hassles. No paperwork. Right. Right. So just depends on your situation. So there you have it building an emergency fund is the most boring of financial planning advice ever because sitting on a big pile of cash just isn't very exciting. But right now, I mean, there are hundreds of thousands if not millions of Americans who either a wish they had built an emergency fund or very happy. They did goddess of your situation having one I think is an important part really defined Dacian of a good solid financial plan. What's your advice, though? For like, you said those who are furloughed will eventually get back pay. So there will eventually come into a big pile of money. Right. Do you have any advice then? Yeah. Well, so obviously if you've borrowed any money to do this back payback if you've stopped contributing to your IRA's five twenty nine or something like that get back on that track. I think they're actually could be a silver lining to this in the sense that. If you go without a paycheck for awhile it really forces you to prioritize your budget. And I think it's very possible you eliminate expenses that you thought were important. And then you realize you know, what actually I don't really need that. So once you're back on firmer footing. Consider like, well, maybe I maybe I don't need cable anymore. Maybe they didn't need this service. Maybe the need the gym membership. Like, I thought I did. But then once you get that cash don't go not don't be like, oh, I got this check. Now, I'm going to go on vacation or anything like that? Remember one part, obviously is to build up that emergency funds. So start listening to this podcast episode all over again rewind..

first house broS twelve months
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

01:44 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"So there's no credit check. You don't have to get a credit approval or anything like that. All about. You know, how easy it was very it was so easy whose it was so easy. Then I asked Rik about any aspect of the process. He was like, I don't remember. It must have been really easy. 'cause I don't remember. It is easy and you're paying the interest to yourself. Yeah. Not to a Bank. So those are the pros, and you can the most you can borrow is fifty thousand dollars or half of your vested balance. Whichever is less. The cons are that money gets taken out of the market. So if the market takes off in the course of this loan, you'll miss out on that. Also, if you don't pay off the loan, it's considered a distribution, you'll pay taxes and penalties if you're not fifty nine and a half. And generally you have five years to do it. So again, it's it's a fine short term solution. But you have to have a plan to pay it back because if you don't not only play the tax in the penalties, but you're gonna miss out on the future growth of what that money could have provided you if it were left alone in your 4._0._1._K. I should say that there recently was a Bill proposed to make it easier for federal employees to access the money and their TSP. I haven't filed the details yet. But no that that's also on the horizon for you folks out there that. Another option. What about you retirement other retirement accounts, like an IRA, you can always access access that money anytime, interestingly, if you take that money out and get it back in within sixty days. It's like you never did anything. So it's a way allow you legally cannot borrow money from an IRA people refer to this as the IRA loan take it out. You're just gonna make sure you get it back within sixty days. So just to note of caution..

Rik IRA Bill sixty days fifty thousand dollars five years
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

02:32 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"Let them know the situation more and more companies every day now, at least in terms of the shutdown are are announcing ways that they're going to accommodate these folks. But you want to know what that is. Now, they're going to either extend deadlines maybe extend grace, periods, waive certain fees. Yeah. In our neighbor she's for load, and she said that the most your credit card company will do is wave the late face. Right. It's still something that's still something. But you want to start there because those companies if you don't pay those bills it's going to affect your credit score. Really isn't true. There's a Bank out in Oklahoma. I Oklahoma Bank. They have more than six thousand federal employees as customers, and they are going to cover their bills until they start getting paid. Wow. Yeah. Which I think that's first of all there's just a great story and second of all it just shows that when a lot of people are thinking of this federal shut down they think of Washington DC, but there are federal employees all over the country. More and more companies are also announcing ways that they're going to either a basically some form of combination so fries, and AT and T T mobile. More restaurants are coming out 'specially here in the DC area saying they're giving discounts says feeding people for free, right? So you want to be aware of what's available to you. The only thing you need to do is look for money your do. So for example, obviously, someone owes you money. It's time to call that the other thing would be flexible spending, for example, now, this is interesting thing about medical flexible spending. Let's say you signed up to to set aside twenty seven hundred dollars. You don't have to wait until all that has been taken out of your paycheck to get that money. You could submit a legitimate reimbursement today and get that full twenty seven hundred dollars today. Even before you've put all that money away from your your your from your paycheck is that true it depending cakes defendant. I didn't get that didn't have write me different dependent care. But so that's so it's a good. It's a good time to get your flexible me, the other way, you maybe do money is a tax refund. So the IRS has said that though, we're going to start accepting returns January twenty eighth and they've said that the shutdown will not affect their ability to process tax returns and give refunds. And on average to the IRS you get a refund in twenty one days. So if you think you're going to get a tax refund. Now's a good time to start getting your taxes ready. And of course, there's the state refund to now there are services that will speed up.

IRS Oklahoma I Oklahoma Bank AT DC Washington twenty seven hundred dollars twenty one days
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

03:45 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"The government shutdown roughly four hundred twenty thousand Americans across the country are going without pay. And if missed at this point at least a couple of paychecks imagine going a month without any income. Would you still be able to pay the bills most people wouldn't as bro as mentioned before on the show? Forty percent of you as adults don't have enough money in savings to cover a four hundred dollar emergency. So now seems like a really good time to have an episode dedicated to building an emergency fund. And what to do if you don't already have one so bro where do you wanna start? Well, start for first of all we talked about this a little bit in the last episode. But it's. People have been focusing on the set down on the federal employees in some people are saying like, well, they're going to get their money eventually, but this is getting an estimated four million contractors. And then the so many businesses that are built around the federal government suppliers. Die restaurants cab drivers service providers. They're not going to get paid. They're just missing out on their business. You know, we here at full HBO. We're at Alexandria Virginia. We're in the suburbs of Washington DC. We all I know people who are being affected by this including spouses, of fools who are being affected by this. So it is pretty widespread. And there's no question that the economy is gonna take a little bit of a hit because of this state and pours actually estimates that very soon the cost of the shutdown is going to exceed the cost of the wall that President Trump wants. So it's it's kind of crazy, but. The bottom line is. And we talked about this a little bit in the planning meeting that if a lot of people would have thought, well, I'm a government employee. I have a safe job, for example, that people in the coast guard, right? And I was fun. Fact, I was accepted to the coast guard academy, and I had this ultimate I was thinking of going into the coastguard and fly helicopters. But instead I decided I wanted to be a priest. So I didn't go and we see how that worked out. But you think like if you're in the coastguard your paycheck is safe, and this happens, really what it goes to show. No matter what situation you're in something unexpected could happen and the solution to that is the big old boring. Emergency fund, right? It's the most standard advice from all financial planners. But it just shows the need for it. Because if you don't have that emergency fund, you're gonna have to rely on other sources for the fun. So we're going to talk about those later in the show in the pros and cons of each option. But all of them are inferior to just having some cash on the side. So first of all is talking about why you would have emergency. All right. We're talking about the shutdown. So it's an income disruption. But could also be an unexpected expense home repair car repair medical Bill, something like that that you didn't budget for. So that's the reason why you would have an emergency fund what should the size of the emergency fund. Be the thing. We've always said three to six months of must pay expenses. So it's not three to six months of income or three to six months of expenses. It's the must pay expenses flex you must. Right. Not. So, but then I was thinking I've been saying that for years because that's what I've always heard from your for years. And I was wondering where did that come from? Is it like one person who's the first person who said that in and is given credit for it Nancy is a couldn't find an answer. But what I did find is the actually is while that's the consensus on it. There is a bit of degree disagreement. So first of all there are people who think three six months is too much. You have other ways to pay bills. And again, we'll talk about those in a little bit. But some people do think that having that much cash on the side. You're missing out on opportunity cost what you could have gotten. If we're in the stock market or the things you could've spent it on and had some fun. I don't agree with that..

government coast guard academy HBO Washington DC President Trump Alexandria Virginia Nancy six months four hundred dollar three six months Forty percent
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

02:26 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"You served up indexing and never looked back. He was the rockstar maverick of change in the founder of a trillion dollar industry. His DNA is in every ETF traded. Becky quick upon hearing on the death of Jack Bogle called Warren Buffett Warren Buffett said Jack did more for the American investor as a whole than any individual. I've known a lot of Wall Street is devoted to charging a lot for nothing. He charged nothing to accomplish huge amount. And also, I love going through what people saying on Twitter about personal anecdotes about John Bogle because he was famously accessible he responded to people with handwritten notes, he sent me a handwritten note after he read one of my articles, and Greg who's a journalist for the Wall Street Journal tweeted out that a limo driver once told me about giving Jack Bogle ride back from a TV interview got to talking and Bogle told him about index funds upon arrival Bogle personally helped the driver fill out the paperwork to open an account on the hood of his car. He was also famously frugal. I did not catch the person's name. But I read this also on Twitter. It was from vanguard employees. It was at the vanguard cafeteria getting a salad. He put a salad dressing on the salad look to his right? There's John Bogle and John Bogel says, you know, if you keep the salad dressing on the side, they don't charge you for it. And it'll save you a dollar. I've been doing it for years. But my favorite quote in a good way to end this. I think is from William Bernstein who was also money manager and author big index are and he was quoted in the Philadelphia Inquirer saying, quote, Jack could have been a multi-billionaire on par with gates and Buffett. Instead, he turned his company into one owned by mutual funds and intern their investors. He basically chose to forgo an enormous fortune to do something right for millions of people. Don't know any other story like it in American business history. Simply put Jack cared. He cared enough about his clients the personally answered their letters he cared enough about his employees to be on a first name basis with thousands of them and to pitch in at the phone banks when things got busy and in the Andy catered off about his country that he spent much of the last two decades away from his home tires Lee crusading against the increasingly elephants and dysfunctional financial system. And then I'll close here with a quote from Bogle himself. It's about being a good husband a good father, a good colleague a good member of the community. Everything else pales by comparison. The accumulation of material goods is a waste you can't take them with you..

Jack Bogle Warren Buffett Warren Buffett Twitter Wall Street Journal founder William Bernstein Becky Philadelphia Inquirer John Bogel Greg intern Andy gates Lee trillion dollar two decades
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

02:24 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"Undercover philanthropist of all time. Rick Perry whose money manager and author very active in the Bogle heads group, which is like this the whole group that's devoted to John Bogel on that in self. It's kind of interesting, right? There's no one in the financial services industry that has groupies like John Bogel did buffets groupies. They don't have a name. But that's close. Oh, yeah. He's got great, right? And Rick is also the person who does the Bogle heads podcasts and he interviewed Jack Bogle in September. Which I think is a recommend anyone. It's great long podcast about the history of vanguard. But Rick said in his article, you cannot measure the quality of a man by the size of his Bank account. But in John Bogel 's case, you can measure it by the size of your Bank account. No one on this planet has done more to increase the lot of individual investors in the last fifty years than John C Bogle. But we'll also by the way, it was a big fan of do rule which requires all financial advisers to act in the best interest of their clients, which believe it or not is a controversial thing. It's still hasn't been approved for everyone. But Rick suggests that because Bogo such a fan of it. If it ever does pass, we call it the Bogle rule. Speaking of the Bogle heads, David J and the Bogle heads discussion boards wrote a band. He wrote he could have been a billionaire. Instead, he made hundreds of thousands of us investors, millionaires Bogle put his net worth in two thousand twelve in the low double digit millions so ten twenty thirty million. The guy wasn't poor. Right. But compared to other people running mutual funds. He could have been a billionaire Bogle himself points out that the Johnson family. That's founded the fidelity funds does family. Those folks are worth billions of dollars Abby Johnson is the chairwoman of fidelity. Now. She's the great granddaughter of the founder Ned Johnson. She alone is worth fifteen point four billion dollars. Just from fidelity, Dan guards, a bigger company. So you can only imagine what John Bogel would be worth if he structured the company differently, but he chose not to he chose to instead pass all that along to the share. Holders. Kevin O'Leary of shark. Take fame tweeted out that if the only free lunch and investing is diversification than Jack Bogle ran the most popular diner on Wall Street..

John C Bogle Bogle John Bogel Jack Bogle Rick Perry Abby Johnson Johnson family Ned Johnson Kevin O'Leary Dan guards Rick Bogo founder David J four billion dollars fifty years
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

03:12 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"Upwards of one hundred seventy five billion dollars that's just from the low cost. But then he estimated what the vanguard effect is. And that is basically not only the actual low cost of angered, but the competition in the industry that has caused people to drive down the cost of their funds now fill the fidelity is offering a no fee index fund. He estimates that as a value of trillion dollars that essentially Bogle and Bagger vanguard has given to American investors. Just a couple of personal other notes about they'll go he married eve shared in nineteen fifty-six, and they're still married when he passed so it was a marriage of sixty two years, and they had six kids, and she I assume is the complete opposite of him in terms of publicity because I I did not find a single quote from her. And if you look on the internet, there's like three pictures, so so he's obviously very different from him. When it comes to the spotlight, and the other interesting thing about him is that he had a pretty bad heart kid over the course of his life starting at age thirty he had anywhere between six and eight heart attacks until he eventually had a transplant in the ninety s which essentially rejuvenated his life. But after he had his first heart attack in his thirties. The doctor told them that you're going to you're only gonna live to your forties. You need to stop working you need to stop exercising. And you shouldn't have any more kids, obviously ignored all of that. Because he then had two more kids after all that. And I think if there's anything that shows the perseverance of it's the launching of that index fund and being able to make it what it is today today despite all the troubles. He had along the way. And that he was able to do this with the bum ticker and still live to age eighty nine. So looking at his last interviews of the last couple of months. It's some words of caution for investors. So first of all. It could kind of sense. It seems like the endless coming. He spoke at the Bogle heads conference in October. And he began quoting ancient Greek playwright Sophocles and saying quote, one must wait until the evening to see how the spend the day has been. And then he added I think my evening is here, and I don't much like that. But he said at that meeting as well as an interview in barons, December that investors should expect below average turns he estimates anywhere really as low as two to four percent from the stock market and about the same from bonds. So the solution there that he told he when asked them what should people do the answer is you just need to go have to save a little bit more, and you're gonna have to get costs out of the equation since Bogle passed away on Wednesday. There have been plenty of great tweets and tributes an anecdotes about him. So I just wanted to read a few of those. From fend to the show Morgan house. He tweeted out that John Bogel built a nonprofit business with five trillion dollars under management. What would have been prophet effectively went to retirees?.

Bogle Bagger vanguard Sophocles Morgan house John Bogel one hundred seventy five billi five trillion dollars trillion dollars sixty two years four percent
"john bogle" Discussed on Motley Fool Answers

Motley Fool Answers

02:45 min | 2 years ago

"john bogle" Discussed on Motley Fool Answers

"And he wrote his senior thesis called the economic role of the investment company in which he said that funds can make no claim to superiority over the market averages. And you wrote that funds management should operate in the most efficient, honest an economical way possible. So he sent that thesis onto Wellington management the guy who's running the company then liked it so much hired Bogle and Bogo really rose through the ranks. He was kind of the golden boy there for a while. Unfortunately in nineteen seventy four he ended up getting fired after an ill advised merger. And he called the mistake quote, shameful inexcusable and a reflection of my immature. Charity. But he also said that if he weren't fired there never would have been a vanguard. Now, the store usually goes that he then goes sets off in establishes vanguard, very cliquey. But actually was a really tough time for him. He told by for that one day who was on a train, and he just started crying because he didn't know what he was going to do. He said, I was totally wiped out. I don't recall another time like that. When I was wiped out by all still he was managed he managed to found vanguard in nineteen seventy five with a lineup eleven of eleven actively managed mutual funds. So that what's key here is that vanguard is not a publicly traded company. It's a true mutual company in that it is owned by the funds which are in turn owned by the shareholders. So if you own a vanguard fund, you own part of the company and part of that what's great about that is as opposed to being a publicly traded company that has a profit motive vanguard just has to cover its costs, which is why they can keep their costs. So low. Then of course, came in nineteen seventy six the thing that what vanguard is mostly known for these days, and that was launching the first publicly available index fund. It was called I index invest investment trust creatively named creatively named and it was a flop the banks that manage it. They're hoping to raise one hundred fifty million dollars at launch. But it raised just over eleven million Bogle is urged close the fund it was called Bogle folly. It was called un-american, but Pierce persevered. And of course, now the fund is the biggest mutual fund in the world was also the first one of the first companies to offer funds directly to people who wanted to invest in them. So essentially, no load funds up until that point. If you wanted to buy a mutual fund you had to pay a broker a commission. Upwards of eight percent says another way that vanguard is kept cost low for people now. So that's all back. Then where are we now? While vanguard is the second biggest. Money-management manager in the world managing more than five trillion dollars. Bloomberg's Erik Baltin. It's once calculated that Bogle say through vanguard has saved investors..

Bogle Bloomberg Erik Baltin Pierce one hundred fifty million doll five trillion dollars eight percent one day
"john bogle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:31 min | 2 years ago

"john bogle" Discussed on Bloomberg Radio New York

"Seven thirty. It's eight thirty if you're listening in Frankfurt or Paris. So let's bring you up to date with these markets as we do every fifteen minutes here on Bloomberg radio the rally losing steam this morning with risk assets. Coming under some pressure USA. European futures are down we're seeing Asia wavering. Oil also on offer this morning, let's drill down in Asia where we've seen a mixed bag really overnight. And at the end of the session, we've seen losses in Japan mainland, China and Hong Kong now previous gains, though in Australia's South Korean Taiwanese, the Asian benchmark unchanged. The Asia Pacific index not budging much counting you down to the European open. We all seeing euro stocks fifty futures off by half of one percent footsie futures by four tenths of one percent. Dax futures also down by about half of one percent and futures declining here by six tenths of one percent s&p futures by the way, down by about four tenths of one percent as well where we look at treasuries. On the fixed income space the ten year treasury yields declining this morning almost two basis points. So some money pouring in here to the treasury trade two point seven zero three percent. That's where we are this morning when it comes to the ten year yield. That is the Bloomberg dollar spot index has been gaining semes-. Steam now rising by about a tenth of one percent. The Japanese yen at the same time rising in a against the dollar as well higher by about two tenths of one percent. The euro coming under some pressure at one spot thirteen seventy eight. So that's where we are as I say, we're counting you down to the start of the European equity trading. Let's bring you up to date with our top stories as well. And the UK Prime Minister Theresa may is ready to talk to her opponent's after surviving a confidence votes in parliament, the common supported her by three hundred and five votes to three hundred and six and the prime minister will now seek consensus among other parties who want to close a relationship with the European Union. However, labor Jeremy's Labor's, Jeremy Corbyn, has declined her invitation to talk I am disappointed that the leader of the labour party has not so far chosen to take part. But our door remains open. It will not be an easy task. But NBC's, no they have a duty to act in the national interest reach a consensus and get this done. Jeremy Corbyn is essentially refusing to meet unless may I rules out a note deal Brexit her government has until Monday to come up with an alternative plan for the way forward reports from Washington say federal prosecutors are pursuing a criminal investigation against while away. We're told the case involves alleged theft of trade secrets from you as business partners, and includes technology for a robotic device t mobile used to test smartphones sources are quoted saying that the inquiry is advanced and could see an indictment soon. The Justice department declined to comment. Meanwhile, apple said to be cutting back on hiring for subdivisions, Bloomberg small calm, and is tracking developments in San Francisco way off here. Overall hiring freeze, but this is an opportunity to take a look at their pace of firing a little bit during this circumstance where the recorded seven you got into pit below what they were initially expecting. What of the hiring slowdown is said to have come from CEO. Tim cook went on Seraing employee questions about a potential hiring freeze in response to slowing sales cook dismissed that saying that key groups like artificial intelligence will continue to add new employees. And the French finance minister is calling for the dismissal of callers goal is chairman and CEO of Reynaud point Knowle's comments indicate that the government has abandoned him, and all but assured that he will lose his lost grip on executive power. France owns fifteen percent of Renault with enhanced voting rights and two seats on the board and union leaders of the car maker also say that go Nick cannot remain in charged while he is in detention in Japan. Let's get you some more headlines now from around the. Bluebox leeann GARRETT'S good morning, Markus. Kenyan authorities are hunting for suspects who how plan attack by Somalia's. Shebab extremists on a luxury hotel complex in Nairobi at least twenty one people died and nineteen people still missing Bloomberg's pool which it's an has the story security forces ended the red yesterday morning killing the six gunmen who stormed the complex on Tuesday afternoon attack is likely to deliver a blow to tourism industry, which just started recovering from the effects of other assaults by militants in Johannesburg. Richardson, Bloomberg daybreak Europe. Greek Prime minister, Alexis tsipras has seen the latest challenge to his rule winning a full of confidence. He called the backing of one hundred and fifty one lawmakers in the three hundred seat chamber, and if triggered by his landmark accord with a neighbor to the news, the government's coalition partner had pulled out in protest at the agreement to allow the country to call itself, the Republic of a northern Macedonia. Nigerian business. Kuhnen main opposition presidential candidate says he would appointing new central Bank, governor and float the country's currency. If elected a TQ Abaco also says he would partly privatize the state oil company and NCP saying that the Israeli mafia in Nigeria is Africa's largest economy and will elect a new president on February. The sixteenth will spoke to Bloomberg in Lagos that is really a. Benefit. You know, the country. But you think he can do. Of course, why not? Political whim, and John Bogle, the vanguard group founder and lifelong advocate on what's cost index based investing has died aged eighty nine and his leadership. Thank God introduced the funds to retail index. Mutual fund in nineteen seventy six the vanguard five hundred index fund is unmanaged portfolio of stocks represented in the s&p five hundred index. Google news twenty four hours a day on Aaron it tick tock on Twitter powered by more than twenty seven hundred journalists and analysts symbol, the one hundred twenty countries. I'm John guarantee. This is Bloomberg Marcus. Thanks very much Leon sports next. Here's told them Dhabi progress to the forefront of the FA Cup last night's after pulling off a second sensational comeback against Southampton. Just like the first match the championship site came back.

Bloomberg Jeremy Corbyn Asia Prime minister Bloomberg Marcus Japan Frankfurt treasury John Bogle Hong Kong Australia NBC USA. Tim cook European Union FA Somalia Google
John Bogle, index fund pioneer and Vanguard founder, dead at 89

Bloomberg Daybreak: Europe

00:21 sec | 2 years ago

John Bogle, index fund pioneer and Vanguard founder, dead at 89

"And John Bogle, the vanguard group founder and lifelong advocate on what's cost index based investing has died aged eighty nine and his leadership. Thank God introduced the funds to retail index. Mutual fund in nineteen seventy six the vanguard five hundred index fund is unmanaged portfolio of stocks represented in the s&p

Vanguard Group John Bogle Founder
Jack Bogle, index fund pioneer and Vanguard founder, dead at 89

Biz 1190 Overnight featuring Bloomberg Radio

00:27 sec | 2 years ago

Jack Bogle, index fund pioneer and Vanguard founder, dead at 89

"And John Bogle the vanguard group founder and lifelong advocate of low cost index based investing has died at age eighty nine under his leadership backyard introduced the first retail index mutual fund in nineteen seventy six the vanguard five hundred index fund is an unmanaged portfolio up stocks represented in the S and P five hundred index by twenty-seven. It was worth two hundred sixty six billion dollars part of the groups more than five trillion in assets under

Vanguard Group John Bogle Founder Two Hundred Sixty Six Billion
"john bogle" Discussed on BizTalk Radio

BizTalk Radio

02:35 min | 3 years ago

"john bogle" Discussed on BizTalk Radio

"I buy and sell a stock more than, once in a day and there's no there's no law, against. That at all again in, an IRA it's not an issue if however you're selling it in a retail, or? Trust account and you have a loss and you, sell it and you buy back you're not. Gonna get account that loss you can't buy a position, back for thirty days and if you're going to count a loss on a gain that is not the case, and? It's called the wash gel rule we well think about, it we, do this all the time where somebody is where we have something that's a gain and we transfer that to their kids account. So the kids can sell, it in their account right or, we give it to a charity and we go and. We, go, by Moore back at the same time I say this is part of. Of our process of how we look at. Life and how if. You're gonna do money. On your own I would recommend you consider. This in part of your planning publish af parametric It's a managed about two hundred thirty billion. Dollars his work says that you've got one to, two? Percent a year of internal returns that you can have from tax planning he says there's a tracking error of. About one, percent so it could be one percent it could be three percent but others argue is high and we've got white papers on, that is one and one point five to one point seven percent per year John Bogle who built vanguard says it's, easily over one, percent tax efficiency is critical so if you ever saw. Financial enhancement group statement what you would notice there's a few things different on our. Statement on on page one it doesn't say this year doesn't say this quarter it has the date from when you, first became one of our families all the way through the date the family. Update was printed Secondly it's going to show what the value of your. Counselor but most importantly, it's going to break it down, into that tax diversification so, you're going to see the part that is taxable the part that's tax free the part. That is is tax? Deferred so that we can make sure we keep. That in gear the next page then we'll show you a picture of how your journey has looked so far and then. The next, page actually will show you your return since, inception the last five years we. See each of the years, two comparison to the benchmarks, so we really want to be able to look at it from an investment playbook standpoint, how's your journey looking Secondly what phase of finance that you're in and then also most, importantly the tax percentages that. You, are whenever if you're going to do this on your, own folks remember, we're fiduciaries so we take care of people who don't. Want to worry about money if you wanna take care of your own money that's. Your business if you wanna fiduciary that's our business but when you.

Moore John Bogle vanguard fiduciary seven percent three percent one percent thirty days five years
"john bogle" Discussed on FT Alphachat

FT Alphachat

02:21 min | 3 years ago

"john bogle" Discussed on FT Alphachat

"Okay and it's also why economists multiples ten twit quite as well as physicists models student i suppose exactly now let's try to do some of this ecological research in real time or at least gets an example of it baps the biggest phenomenon of the moments in the financial ecosystem is the rise of beta of beak passive fund management and the decline of the traditional model of active management long mutual funds with about one hundred stocks in them how would you go about mulling let's with the adaptive model how how would you predict this obviously very dramatic shift over the last ten years towards passive well that's a great example last year i published an article titled what is an index and that article was exactly geared towards trying to understand the shift in passive investing as we have more and more assets in that space so we have to begin first with the recognition that john bogle has really transformed the financial industry founder of anga the founder of vanguard has really transformed the industry part of the reason he did so was not because of fishing markets but because of something that mr will calls the h h stands for the call cost matters hypothesis and i find this an incredibly compelling idea the fact is that using passive investment vehicles like vanguard mutual funds investors can save a significant amount of money in terms of the fees that are usually charged and that matters over time so what's happened over the last several decades since vanguard started providing their products and services is that a large number of investors have flocked to these index funds and that's a good thing in general but what it does do is to create systematic risk another words if it turns out that a fund loses money that means that you and i both experienced losses if we're invested in the same fund the fact that so many people now are indexing means that we are now all tied together to the same outcomes and when we start getting those outcomes in a synchronous fashion we will start hurting in that very same way and her.

john bogle founder ten years
"john bogle" Discussed on WJNT 1180 AM

WJNT 1180 AM

01:48 min | 3 years ago

"john bogle" Discussed on WJNT 1180 AM

"Money talk on demand with it you can listen to money talk wherever you go whenever you like and the investment talk is year round sign up at bob rinker dot com at the money talk on demand logo right there on the website at bob rigor dot com while you're there check it out our recommended reading list end the book section scroll down on the left side you'll see the word books clicked there you'll see are amazing recommended reading list that i've compiled over decades my favorite books almost all of them in the financial realme and lots to learn their fear new listener a new beginning investor check out common sense on mutual funds by john bogle who has guested on our broadcast john bogle b o g l e common sense of mutual funds one of many outstanding tomes on the bob rancour dot com recommended reading listed in the book section money talk is the program that helps you to learn how to become your own personal financial manager that way you take charge of your personal financial future everything from investing in your tax privileged accounts to saving for all of the future goals including the education of the young sprouts that's what money talk is all about acquiring the knowledge that an hours you to manage your financial future let those sharks went on by this is money.

mutual funds john bogle bob rinker dot