Vanguard: Proof That You Can Be Rich & Ethical
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- Опубліковано 5 тра 2024
- Today, one of the most popular and reliable ways of investing and growing one's wealth is by investing in index funds. There are many popular index funds brands such as SPDR, iShares, and ProShares, but by far the most well-known and highly respected brand is Vanguard. Vanguard is often credited with creating the index fund itself, and while this is not exactly true, Vanguard was no doubt the company that popularized index funds. It wasn't a super easy path though. When John Bogle launched Vanguard's first index fund in 1975, investors couldn't care less. Most investors felt that they could just match the market themselves if they wanted and saw no reason to pay someone to track an index. However, as 401Ks and retirement plans started to become popular, companies embraced the stability and reliability of index fund investing. And by the 2000s, it became clear that most hedge funds don't even beat the market, which led to a massive influx of investors flocking to index funds. This video explains the story of Vanguard and John C Bogle, and how Vanguard became the king of index funds.
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Timestamps:
0:00 - Index Fund Investing
0:57 - Climbing The Corporate Ladder
3:17 - The Disappointing Launch Of Vanguard
6:12 - John’s Unbreakable Belief
7:47 - 401K Era
10:04 - Ethics To Strive For
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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![How to Lie Your Way to $34 Billion [Nikola Motors Fraud]](http://i.ytimg.com/vi/88fWUZhYb04/mqdefault.jpg)
Money doesn't change people, it reveals who they truly are.
True
Stop believing everythingu hear lmao 🤣🤣🤣🤣
@@crz8237 You probably say that money doesn’t determine happiness
@Rude Sensei True
If you're a good person with trillions of dollars, you will stay a good person, except with allot more wealth and a higher chance to give money to charity and help others, not simply corrupt because it's there
Nice to see someone in the stock market with ethics.
Yes sir
Most are
And look where he ended up.
@@saamanx As the biggest index fund of wall street.
What's the problem in that?
@@neeljavia2965 bro maybe hes saying it in a good way homie lmao
Some advice.
Don't use the red border around your thumbnails. It looks similar to the red 'already watched' bar. I almost skipped the video because I thought I had already seen it. Any other color is fine, just don't use red.
Ah, nice catch Trebor. I’ll be sure to avoid red borders moving forward.
@@LogicallyAnswered thanks. had the same issue
My thoughts exactly!
Tom Scott and a few others had to stop using it for the same reason
This is one of the MANY reasons I exclusively use Vanguard whenever possible.
Its just a great company!
LOL! Vanguard / Blackrock are like the cancer of the world...
@@0x2a1A4 yh, those oligarchs are directly and indirectly related with the explotation of us, as human capital, natural resources and micro plastics etc
To a financial disaster to being the largest index fund manager, John ‘Jack’ Bogle
Will go down in history as a person who revolutionized index funds
John's book "the little book of common sense investing" is truly an eye opener
What a boss. I’d like to see you do a video on the IKEA founder. He had pretty noble principles too and set part of the company up in a way that it couldn’t be owned by anyone, including himself.
I really like this idea!
To be fair its widely known that Ingvar Kamprad was a fashist and a nazi, so yeah very noble principles. I mean no matter what he did as a business man, you should always tell that part of his story...
@@ikb7375 In the 1940s he joined a fascist group as a teenager, but he said he was led astray by his parents and definitely didn't hold any sympathies towards that stuff in his later life. But sure, it's something that could be mentioned about him.
@@LogicallyAnswered if you intend to make a video on this guy you should mention the facts on this, please just don't blindly glorify Nazis.
Carl Zeiss did the same with his company Zeiss before he died, it was divided after WW2 but they merged back together after the collapse of the USSR.
Thank you Mr. Bogle! You lived a life that served others! So many people are better off because of you.
Q. Do you Give at least 10 % of your Profits to Good charities?!
Most fund managers underperform the averages and charge high management fees. The average investor is better off buying index funds with low management fees a little every month for decades, buy and hold.
True
Ethical investors are legends.
These people fully grasps the world throat but never let it dies yet encourages it to blossoms.
There are few rare gems in the business community with ethics of solid diamonds. One such industrialist is India's Ratan Tata, please make a video on Ratan Tata.
vanguard is great. i think it should be made clear that not only _CAN_ you get rich whilst being ethical, but you are much more likely to become wealthy by doing so.
Quite strange in the age of pure horrific capitalism and oil barons this man stayed in his path doing what he could that was good.
When you're the only one playing it ethical in an environment where everybody's playing it dirty, chances are you'll go bankrupt. Vanguard just targeted an industry early, which is why they succeeded even though they went ethical. And tbh their business isn't complicated or risky at all compared to tech companies where things change all the time and bad decisions can easily lead to bankrupcy.
its due to the reason of such ethically strong people this world is still worth living
Honest and selfless man. Hard to find these days.
Slow and steady wins the race. And doesn't take too much to change the world.
John Bogle is one of the few great men of finance worth the admiration and praise.
I invested in various funds with Vanguard since 1998. I have gotten great returns with minimal commissions. I reinvest the dividends which increases the return even more. My only complaint is that the website only goes back 10 years so I don't know how much money I have made.
Like your title, agree with you. The stock market is so diverse, there is no need to take advantage of investors, workers and regulators.
John is truly a hero of the common people.
When you invest you're buying a day you don't have to work
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?
I'm new to crypto trading, how do I get started with the help of a professional?
Any specific guide?
@Investors motivation thank you, I will write her immediately
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Your content is underrated and highly valuable at the same time.
Vanguard is the best!!! I have a portfolio with them & their services are amazing!!! Staff is always helpful & knowledgeable
Wow, what a great story. John was truly a decent and honest man
Yes, Sir John is correct the Vanguard is the answer of Money because Vanguard is
ahead of the troops...
I would love for you to talk about the rise and kind of fall of GE, maybe even a video on Jack Welch. Just throwing it out there!
The channel I always be waiting for a new video to come !
Thanks for watching Lakshmi!
this great man did more for the american middle class than all these dumb useless politicians ever will....Thank you legend, I will always hold the majority of my assets with Vanguard because of you. RIP
The man is a leader and and American patriot who was obviously not greedy
Majority of my portfolio is Vanguard ETF's. Thank you Mr Bogle!!!!
Such an inspiring man I am deeply moved by his legacy
Vanguard has been extremely good to me. Love investing with them. Always nice to pop in a few times a month to watch it rise
Nice Video. I have all my money at Vanguard. Jack Bogle was a visionary to be sure, but more important he, was an ethical human being. I think it is true to day that no one else in the history of finance has done more for the individual investor.
What a legend
A revolutionary business model geared towards empowering the ordinary investor.
More people need to know this story.
This was brilliant!
Never knew all of this.
But if no one owns vanguard, then who is the board, who makes the ultimate decisions?
awesome content about an amazing man. thanks
Inspiring investment story
All dreamers out there keep going this is temporary situation it will pass your success will come be patient never give up just keep moving forward no matter what ✊ 💪
Bro you made my day, thank you so much for being out there!
Jack Bogle did so much for millions of normal people to be better off with their investments.
Seeing all that money made him loose interest to get rich.
It's like staring at tons of gold for years and trying to go wow over a gold ring.
Great video keep up the good work
Thanks Terence!
This was honestly surprising.
Interesting!
The other thing that really helped vangaurd was money market funds which helped Vanguard really push their growth
The biggest thing to give index funds a prop are that not long after they were first created, the USD was taken off the gold standard. So at this point, holding cash would lose value. So anything that matches the market, will be better than the loss of value of fiat currency. Markets in the long term will always grow as population grows.
Hari, great video as always! Could you also do one about how Marketing has changed with the growth in the creator economy? Just a request 😅
Thanks for watching and the suggestion Ansh!
@@LogicallyAnswered massive respect for John and vanguard now
John Bogel went to my high school (Blair academy) he’s a really smart snd nice dude
I didnt know we needed any proof for that as, obviously, one does not contradict the other. Thanks for giving it though.
Great video!
Vanguard has served me well on my way to financial independence. One thing not mentioned is the Vanguard S&P 500 Index Fund may be slow making money but it's also one of the safest investments out there. So long as there isn't a global thermonuclear war or the markets get pumped like Japan's did, crash, and never recover, it will always bounce back from a recession. I lost half my net worth in 2008 only for it to come back by 2012 and double since then.
what amazing story
Great investor of all time
i'm all in on vanguard funds
#Legend
KEEP IT UP 👍
Amazing ❤️
Thanks for watching man!
Vanguard is who I use for all of my non 401k investing.
Ah, great choice!
Wow, what a fantastic man. It’s a shame he is gone.
I believe in Jhon's philosophy and execution. This is more relatable to Indian values. I'm into equity investment due to his legacy. I would say the index fund as the concept is relatively new, give it a couple of centuries it will be the largest institution
It's not about how much they own it's about how much they control.
Yes 😃
Vanguard ETFs are good.
Made a lot of money from VOOG. Its just like VOO but faster growth.
If everyone agrees that a the situation is dire. Then ethical investing is the way.
Vanguard actually has ethical etfs that only include stocks of companies that they deem are ethical
@@LogicallyAnswered I'm only interested in unethical ETFs that invest in unethical companies
your channel should have 1 billion subs
Hahaha, thanks bro!
Now this is true ethical running of a company, not some billionaire tossing out a few bundles of cash here and there to charity
Legend
Sorry I’m a bit late, looks like your going after stock market bulls, we are with you
Great video 👍🏻
And look like call of duty: vanguard is trying to pass him 😂😂
Hahaha, buy the dip :)
@@LogicallyAnswered 👍🏻😂
Pls do a vid on BlackRock/iShares too
Wow!
🙋 present sir
Thanks for watching Prakhar!
🔥🔥🔥🔥
Thanks for watching Asif!
Do a video on Nasdaq please
9:12 bottom rights corner, I thought that was a hair on my screen 😂
Invested in vanguard funds before I heard about this
Damn what an empire
Yeah, it’s massive
@@LogicallyAnswered well Blackrock surpasses them but not by much of a difference
True, but what’s even more impressive is that vanguard is ok with such a small return on all this money
@@LogicallyAnswered woow
That's awesome
Hard to distinguish between a ethical business and a competitive business. Are Walmart's prices low because they are trying to help people save or because that ensures everyone shops at Walmart? But even if Walmart is just trying to get as many customers as they can it still can be a good thing and for many people it is a lot wiser to shop there than paying extra somewhere else that is only pseudo superior.
Walmart ensures low prices by reselling cheap shit made in Asia and by paying its workforce poverty wages. The Walton family are not ethical people.
Wow.
0:00 Look, Vista!
RIP John
First time being early!
Thanks for being early Vishal!
Tribute...
I hope you added what an index fund is. I am illiterate on investment terms and google's answer is not easy to understand.
Index funds are op
That's amazing. It jsut goes to show how shit usury currency actually is. it makes good people the exception, not the norm. No empowered political/social change will happen until we use currency models without any usury: no tax, fees, costs or interest. Only then will we move to trust-based collaborative economics and achieve the empowerment all people are looking for.
Happy to discuss a solution if you're interested.
Only true and honest will live for ever balance everything is gimmick that u can hold forever, eg : 150 year old tata company in india, had make profits but not live for profits only
BlackRock please !!
Vanguard group is one of the enormous trillion dollars company that have invent more millionnaire on a monthly basis
If you can beat the index fund's average annual return (13%) don't invest in the index fund you're not maximizing your growth potential.
Sometimes, people don’t want the stress of trying to beat the market
You might be able to beat it this year or even in the next 10 years, but can you beat it in 20 years down the road?
Awful advice. Risk is key.
I think my phone is listening to my mind, how the hell am I recommended this video when I was thinking that "there's no getting wealthy ethically ".
One video on Tata comapany
Thanks for the suggestion Saurabh!
@@LogicallyAnswered you are one of my favourite youtuber I wish I could help you
Rich & Ethical™
How can company have no investors if they made an IPO some time ago?
Sure but they are the exception not the norm.
Despite the economic crisis,this is a Still a good time to invest in stock and Crypto,
Investing in these economic crisis will be one of the best thing to do.
You're right I think stock and Crypto are the best to invest right now☺️.
As stock's are good but crypto is better.
I wanted to trade crypto but got confused by the fluctuation in price.
That won't bother you if you trade with a professional like Mrs Patricia Turner.
usually with very old ultra rich people you can feel the corruption in their eyes, i don't get that same vibe with vanguard which is actually surprising
Vanguard invests in both sides of the media to stir up as much anger against both sides as possible. Buying up 7.5 trillion dollars in assets is megalomania and not ethical trading
Prove it Jack. Think your tin foil hat is strapped on too tight 😂
Is there a book about this guy?
what is 'exception that proves the rule'
Lmaooo
> is not publicly traded and not privately owned
huh? I don't follow. can someone elaborate?
like, legally it has to be owned by someone, no?
It’s owned by the investors of their funds.
@@EclipseCircle I got that, but I don't understand what legal model that fits in.
it's somewhat similar to a cooperative but yet fundamentally different.
are the investors somehow making decisions democratically?
@@holleey From how I understand it, Vanguard the company is owned by the investment funds. The investment funds are, in turn, owned by the shareholders of those funds. Thus, the shareholders of the funds are the shareholders of Vanguard the company. The fund managers then vote on behalf of the shareholders (which I believe you accept when you sign on with Vanguard). So its a fairly "traditional" ownership structure, in that the shareholders have voting rights which they use to control the management direction of the company. Its "unusual" in that the shareholders don't directly buy shares in the company like other publicly traded entities.
👍👍👍👍👍
Thanks for being early man!