Jack Bogle, was not only an American investor, but also a business magnate, and a philanthropist. The investment legend passed away last month, leaving us with some of the timeless lessons on investment.
He pioneered the world’s first index mutual fund and opened up the possibilities of investment to the retail customers. His own firm—The Vanguard Company, became one of the largest index fund providers to offer a low-cost entry point for investors globally; and is, even today one of the most respected and successful corporations in the investment world.
Titled «one of the four investment giants of the twentieth century» by «Fortune Magazine» in 1999, he directed Vanguard to deliver superlative value to millions of hard working low and middle class who were seeking to grow their savings and realize their dreams. To commemorate John C. «Jack» Bogle (pictured above), we summarise some of the most important investment tips that he has spoken about time and again.
1. Investing is a Must
According to Bogle, the biggest mistake anyone can make is to NOT get involved with investments. Yes, investing might not be a sure-win thing. But if you do not invest, you will definitely lose. Just think about how the value of money in your bank account is being eaten away by inflation.
A dollar today would be worth a fraction of its cost 10 years down the road. Thus, why would you want to put yourself in a losing position? It is natural for financiers to be worried about the volatility in the stock market. But here’s the trick, according to Jack Bogle, the biggest risk that investors face is not the short-term volatility of share prices, instead, the risk lies in the little or meager returns on your capital as it accumulates.
Thus, NOT investing your money is the guaranteed route to ‘nothing’! Hence, investment is a must regardless of age, class, race, language, or religion.
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