Why Jack Bogle Doesn't Like ETFs | Forbes
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- Опубліковано 4 чер 2013
- Vanguard's founder objects to 'fruits and nuts' ETFs and the market speculation ETFs encourage.
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He looks like 112 but has the voice of a 40 years old!
+Ragnar6000 and he's as sharp as a tack! 112 is pushing, he looks his age which is 86 and had a heart transplant 25 years ago.
Lmao
holy fuck that came up to my mind after he said his first sentence. lol
you read my mind too. i didn't think anyone else would notice.
He's actually 32 but life on the market has been hard.
Jack Bogle gave everyone a chance to retire happily. His work should be forever celebrated. Thank you old man, I respected your honesty. Rest in peace.
My dad followed his advice. Long story short he wishes he had bought real estate. He’s not poor, but he could have been rich.
@@JB-qt3woEveryone wishes they bought real estate
@@NotTrolling399 oh yeah? 😋
This guy was so old at the time of this interview and he is sharper in the mind than I was in my 20's. RIP Jack. You did more for the average investor than anyone in history.
He is sharper in the mind than some colleagues of mine who are in their early 60s
Im in my 20s and this is definitely not a decade where people ought to be considered "sharp" lmao.
Just watch one of those videos where political pundits go on college campuses to let students debate them. When it comes to being "sharp" and articulate, your 20s arent much different from your toddler years.
I assume nothing wrong with DCA 70/30 ETFs for the next decades then - if it goes up, fine. If it gets down, I buy more of the same things.Are there better recommendations? I've got $250k ready money I'd love to invest to secure my future, I'm 31
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
Agreed, After taking charge of my portfolio in early 2017, i stumbled into losses. Upon realizing that a change was necessary, I consulted a fiduciary advisor in 2020 and since then my $1.2m portfolio has gained 28% annually through restructuring and diversification using dividend equities, ETFs, mutual funds, and REITs.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Thank you for sharing, I must say, Heather appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
Sounds like good advice, but a rather misleading title.
+Chris Greenley Yeah, I notice they tend to do that a lot.
Welcome to the internet lol
Welcome to Forbes
Agreed
It is a great Advice.
Garbage title. Bogle encourages ETFs that spread your risk, such as the Vanguard ETFs. Bogle discourages niche-specific ETFs. Whoever that published this video @ Forbes should be fired.
Or given a raise. Got you to watch it didn't they;)
@@JamesRansom They have got me! .. Bogle doesn't like ETF !! .. in the end as usual journalism manipulation
@Nathan Plumley everyone should get fired! The whole lot of you! Outta my sight, ya hear?!
Didn’t he create Vanguard.
@@anywhereroam9698 He is the father of the Index Fund
i can only dream of being this smart and articulate at his age. God bless.
I can only dream of being this smart and articulate at my age now. LOL
The fact that I'm taking notes on what he's saying says who is the smarter one here
I have the highest respect for Jack Bogle.
He is the guardian saint for the small investor.
Such a contrast to wall street banksters.
+Jay John absolutely. He is the only one fighting for the little guy. I'm glad he did because for over 20 years, I just kept all my money in index funds and I don't regret it one bit.
how much money did you make?
how many different funds?
samson Obama tried to regulate them. Why is Drumpf peeling back the regulations?
@@stemikger what is an index funds? different from others investments firms? like citi,bank of ameirca....JPMogan?
Didn't expect a voice so clear!
Hai cercato ETF's problems prima di decidere se investirci o no?
I didn’t expected him to have such a clear voice!
Didn't expect
Her voice is indeed quite clear
Marcello che ci fai qui?
This guy has no sign of mental decline.
The power of exercising your brain daily and constantly.... you'll thank your younger self later.
Exactly! He's still eloquent and sharp at almost 90 years old!
That's how I want to talk when I hit 100 yrs old. I'll do face exercises for my droopy face muscles like smiling with tiny weights attached to my cheecks. Real talk.
Rest in peace, he passed out a few months ago :(
Haha
@@andylee6602 , Yep.
As I would see it, the go to solution for climate this downturn and high expansion is momentary exchanging, rather than long haul exchanging, most people utilizing these methods are netting a lot of gains, sure the dangers are higher yet once more isn't the ongoing business sector similarly as unsafe?
In my perspective, short-term trading, as opposed to long-term trading, is the best strategy for navigating this recession and high inflation. The majority of people utilizing these strategies are making huge profits.
Since the outbreak of 2020, which had a significant impact on the market, I've been running all of my investment decisions through an investment coach because their entire philosophy is centered around using a high-profit oriented blueprint while simultaneously going long and short, as well as reducing risk exposure as a hedge against inevitable downtrends. Underperforming is almost impossible when combined with their access to strange data and analysis.
@@mayacho4910I suppose that's why, according to investopedia, demand for investing advisors has increased by nearly 41.8% since the epidemic. Regardless, kindly refer the advisor who helped you.
@@mariahhayes5089 I thoroughly recommend 'PRISCILLA DIANE AIVAZIAN", an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
So I curiously searched for PRISCILLA DIANE online, I discovered her webpage, which features glowing testimonials about her professional background, Thanks.
I love this guy! John Bogel is a true hero to the average American investor!
+Jim Silverman I agree! The only investing advice the average person needs. You can ignore the rest. Simplicity has worked well for me and I don't have to fuss with my investments. Some people love to complicate investing, but John Bogle has proved this to be wrong.
John is the man !!
Jim Silverman he’s Jack Bogle
Good old John!
He isn't just a hero to the average American investor, he is a hero to international investors too. Thanks to Jack Bogle Index funds and ETFs are now present in my country
When I heard the voice, I was like whoa
He sounds like he's a character from the 20s!
Jack Bogle ~ May 8, 1929 - January 16, 2019
R.I.P.
Fantastic deep voice combined with a sharp mind. John Bogle is and will ever stay a legend for every investor on earth. Thank you, John
The guys a legend. He has changed the world for small investors
yes true
Jack passed away at the age of 89 on January 16, 2019. Wealth $80 million. He created the world's first index mutual fund in 1975. Vanguard offer some of the cheapest ETFs. e,g, Vanguard Large Cap VV 0.05%. Compare this to some other mutual funds that take 3% on entry.. RIP Jack.
how does he have such a crystal clear voice and mind at the age of 85?
heck if he should chose to sell his secret, I'm sure he could make a ton of money just out of that.
i have the sam question
deadvodka He dedicated his life to critical thinking to make money. Keep your mind busy at all times and your body fit and there's your secret.
+deadvodka He has revealed his secrets, deadvodka. He's spent his life creating a company that places emphasis on a passive investment philosophy. When he first began he was heavily criticized for indexing since it was a threat to competitors who were "ripping off" their clients. It was also a challenge to their personal beliefs about investing and their ability to beat the market. At the time it wasn't understood well or even at all, at least by the general public.
+deadvodka Life long learning. He loves the process and loves what he devoted his life to. Warren Buffett and Charlie Munger said that is their secret also. They admittedly read about 6 hours a day.
Brilliant comment
RIP Jack. You'd been one of the greatest people in the history.
Bogle: "300 points"
March 2020: hold my beer
Please explain , im new to ETFs and trading
Referring to the Dow. The guy in the video was talking about a 300 point loss implying that it was a lot, meanwhile in 2020 there have been several days where the Dow has lost 2000+ points
hahaha!
@@christianmcclaine9990 thanks!!!
Hahaha
This man has done more for investors then any one. Thank you mr boggle for making me rich.$$$$$$$$
Help me i lost 900 but gain 400 on spy spreads
Thanks to him
@@anim8dideas849 were you selling options?
@@lamklam5962 lol yeah that was way back when i didn't know how to analyze stock patterns and traded strictly off probability.
@@anim8dideas849 I never had the balls to trade options. Perhaps I should learn. Any good resource?
Bogle is extremely smart. He knows the business probably better than anyone.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
Pls who is this coach that guides you? I’m in dire need of one
My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
Lol Forbes with the Click bate title. The idea that Jack Bogle would come out against ETF investing would be front page headline material. What he is saying here is stick to broad market-based ETF's. Don't waste your time (or money) with sector-specific funds. None of us know which sectors will pop and which will flop.
RIP jack I’m positive you’re in great place and thank you for everything.
I listen to Mr Bogle at night when I’m falling asleep just because I find his voice soothing. My girlfriend thinks I’m weird.
I think it's not only his voice but everything he says makes so much sense.
In a world of radical ideas and divisive politics his "voice of reason " is calming.
I didn't have a grandfather so I like to think of him as my grandfather giving me advice.
Young voice !! Wow
RIP and thank you for all!
Bogle sees all these new investors coming up with all these ridiculous concepts and just says "What The Fuck???"
“Go for it man!” Wise words!
Thank you Mr. Bogle for the creation of index fund and give the a chance to the people to reap the great and stable return of the market in the long-term without paying the astronomical expense fee. Your work will be forever cherished and celebrated! May you rest in peace!
Vanguard was not the first to offer an index fund. Wells Fargo Bank in 1971 established the first low-cost index fund. Bogle's index fund was established in 1975.
"the crazier the idea, the stupider the idea, the greater chance that no one has thought of it" - my new mantra for rest of 2020
haha I like him, "go for it man". Vangaurd funds are actually one of the better ones in my book.
Nice
Jack made some excellent points. It begs the question of whether some managers are investing or gambling. It's supposed to be a market, not a casino.
Those managers ar Dumping your assets so the can buy them cheap. Then doing the same thing when the stocks are high pumping it so they can sell.
i agree..INTENTIONALLY PUT A MISLEADING TITLE..
I believe Mr Bogle's talking about human temperament. He's saying that it's so easy for investors to bail out of their etf funds instead of staying the course. Jack is forewarning investors about human behavioural consequences of taking on etfs. RIP Jack.
Why can’t people make there own s&p index tracker. What does it take and do we really need the extra risk of buying an etf?
RIP Jack, your philosophy will forever live through me, thank you for giving the average man hope and saving us, to Vanguard we go.
His voice caught me off guard lol he sounds younger than he looks
Yeah. He's talking like a young man. Not mental deficiency or decline in old age.
Don’t see any computers in the room.
Total BS click bait title for this video. Bogel has NOTHING against ETFs!!! He just made the observation that the ability to get out the same day is little help to anyone rather than wait a few hours for a non ETF mutual fund. He points out that the return on ETFs and their standard counterparts is the same; the portfolios are the same. And he says some funds out there are pretty silly.
Brilliant guy and I love Vanguard. So thank you for that, sir. May you rest in peace. No wonder, every financial institution I worked at did not allow us to maintain Vanguard accounts (IRAs or whatever preceded that employment). They always offered choices of their own services (obviously) and some outrageously overpriced garbage to pretend that they give choices. They absolutely abhorred the idea of "muppets" discovering Vanguard model.
What do you mean, vanguard model
Not sure why he wouldn’t like ETF’s? Unlike mutual funds, where you only get the NAV price at the close of the market, ETF’s trade continuously through the day and allow you to sell if there is a market meltdown, and buy on daily dips.
When selling an etf, the market doesn't have to meet your selling price but when selling your mutual fund the broker must pay you the nav at the end of the day
Thanks to Jack for teaching me more about investing than I could have imagined. I love videos of him ...It's like listening to Santa Claus except he's real
I love his voice..
Like a commenter mentioned .. He sounds way sharper than he looks. Too bad he caught the aging disease
He is 86 though, so he cant look any younger really. His mind is sharper than most 20 or 30 or 40 something year olds.
this is where Boogle and Buffet disagree. Wide diversification vs narrow diversification.
Bogle was concerned ETFs were going to encourage trading, not long term investing.
True, index funds are not meant for frequent trading.
Always good advice from Jack! What a legend.
Change the title ffs. Vanguards main products are ETFs
An icon in the industry, a great man
3:18, I'm a web developer and I work in marketing. I know a bit about "the cloud" and when I saw the holdings of one of these "Cloud" funds Jack is described. The expense ratio of 0.68 set my marketing alarm went off. Buying an ETF is buying a share of that fund, not bits of the stocks within it. They can change at any time and you're putting a lot of trust in that fund manager.
5 basis points leveraged inversely funded mutually within aggregate convertible index is conversely affected of averages daily or mid daily sometimes hourly.
I can't believe how strong his mind is! I want to be like this as I age
The title is misleading..... He didnt say he dislikes ETF, he dislikes the stupid ones..
Can someone please explain what's wrong with a cloud computing ETF?
Such a clickbait title. He doesn’t say all ETFs are bad, and even states that Vanguard offers them. He and the interviewer both said he has an issue with narrow funds that are hype-based and predatory/risky
Wow... This grandpa still got very magnetic voice with a sense of humor, clear brain and great to have him to tell us about his investment experience. Thumb up to him...............................STF.....................
Your moneys in the cloud!. Gold Gold Good interview.
Miss this guy. The investing world will miss his insights
Where to find more content on John Bogle?
Such a wise man. I do like ETFs though.
I trade on them
@@ethannoah5983 ETF's ca be a good tool for that given the volume... if trading works for you. I have been known to sell a few covered calls on ETFs:)
It is one of my very deepest wishes that my mind remains so healthy and functional to such an age.
I am a simple man, I see Sir Jack Bogle, I press like
Good
The title is misleading. It is only a particular kind of ETF (specific, vague, narrow sector such as "cancer research" or "cloud computing") that he does not like.
I don't know what's wrong with the ETFS? I have one ETF for each Asian market. I also have several for various sectors in other countries. The point is they diversified my money and they all pay dividends.
Next we will see a Bitcoin etf🙄
I wish we could take his experience and keep it forever and he could evolve with changes in society.
Some etfs are doing really good
Triple leveraged TQQQ makes sense to me. Sure it goes down sometimes, every investment does. But I never lose all the gains, and I'm usually farther ahead than if I had just bought QQQ for the same period. And usually it doesn't take long to bounce back from any down period. I'm up 137.5% on TQQQ. During the same timeframe QQQ is only up 47.15% and the S&P500 is only up 26.6%. I don't care if Jack Bogle approves or not.
Big risk bring big rewards, just need sound risk management and you'll be fine
Misleading title just to be eye-catching. Jack Bogle in support of ETFs tracking total stock market, S&P, international, emerging markets and bonds with limitation.
Correct, they need click bait lol
If everybody buys ETF's then there's no market.
Perfect explanation... No matter if you buy ETF or traditional index fund that tracks a benchmark. The returns will be the same.
At least with an ETF you aren't giving 5.5% or more of your initial investment to a "financial advisor". For most people, a self-directed Roth or traditional IRA with a broad market or index ETF is far better than having a significant chunk of your returns eaten up by loads, administrative fees, and other charges.
Darn it. I'm invested in ARKK ETF!
Jack got a new hart a few years ago. The old Hart was into index funds and so is the new. I'm retired and I will say Jack and Wardens advice works and I thank them.
Very interesting
A leveraged etf is a trading instrument, not an investment. Short ETFs give people acess to hedging that normally don't short. Industrial ETFs allow you to balance more into industries you think will do well. I agree that the ultra focused ETFs are kind of dumb.
Such a misleading title
That man has a golden Radio voice!
The one that was the craziest was blockchain leverage ETF.
This guy sounds like RFK Jr looks, and looks like RFK Jr sounds! 😂 Good tips!
What a misleading click bait title
Why do some call him jack bogle and others call him john bogle?
he didn't really explain why ETFs are so wrong other than implying there is something ridiculous about them
He's really just making the same old criticism about active investment and stock picking versus investing in a broad index. Not about ETFs as investment vehicles, but about the shortcomings of active investing as a strategy.
Welsch do you agree with him?
@@alexanderleo6809 Sure, I agree with Bogle.
ua-cam.com/video/SsMaskm4Vww/v-deo.html
Every time I buy a Chinese stock an hour later I'm hungry again.
He has suffered his first heart attack at 31.
Hes only 32 in this video
I actually heard him say he had (Spotify interview ) his first heart attack at three years old. He said he was told he would never see forty....but it is possible I mis heard him. Cheers
In case anybody is wondering -- the Cloud Computing ETF that he didn't like in this video has significantly outperformed the S&P500 since this video was posted. SPY total returns are at roughly 2x, while SKYY total returns are 2.7x, after fees.
Wait until there is another 2001 or 2008.
@@abc-jq4hi well... now u can see who is wrong
Misleading title for the video. But as always, great wisdom from the late Mr. Bogle.
Brilliant!
What has Warren Buffet ever done for the average American vs a legend like this?
He sounds like Michael Keaton. I want to hear him say: "Hi, (extends hand) Bruce Wayne
VTI is great.
Evidence that getting a new heart can turn back the clock beyond your cardiovascular system
Rest in peace Jack.
Jack Bogle indeed preferred index mutual funds over ETF's but that's not the topic of this interview
He preferred index mutual funds precisely because they cannot be traded like ETF's can
www.etfstream.com/features/jack-bogle-never-liked-etfs-heres-why/
It is simply not true - there are tax advantages to ETFs, so long as you don't structure them the way that Vanguard has - as pooled vehicles.
Jack is my hero. One question (please comment everyone as I'd like others' input) is that I own a Fidelity Total Market Index Fund [FSTVX] (0.045% Expense Ration- lower than Vanguard)...I am looking at 'ITOT' ETF that Fidelity is offering at no commission and it has a 0.03% Expense Ratio and from what I can see, essentially mirrors the total market fund. Am I right in that I should look to use this ETF instead of my FSTVX mutual fund. I don't 'need' the intra-day accessibility/liquidity it offers, but I'm purely investigating its lower ER. Please comment. Thank you.
he hates it, but still provides VOO.
Why do you want to and what advantage do you see by switching over from FSTVX to ITOT? They follow the same index. If this is a taxable account, you'll likely be hit with taxes.
Before i invest (im 19) is QQQ a good lerm ETF to invest in?
Top 10 Holdings
1) AAPL 11.73%
2) MSFT 10.63%
3) AMZN 8.17%
4) FB 4.51%
5) GOOGL 4.21%
6) GOOG 4.20%
7) INTC 2.85%
8) CMCSA 2.29%
9) CSCO 2.24%
10) PEP 2.09%
Country Exposure
United States 96.28%
China 1.30%
Germany 0.76%
Netherlands 0.65%
United Kingdom 0.43%
Argentina 0.35%
Israel 0.19%
Ask yourself 2 questions based on this portfolio for your investment time horizon (1 year, 5 years, 10 years, 25 years, 100 years etc)
1) are you okay with over 95% allocation in large cap companies that may lose business to smaller cap companies by creative destruction or is there still room for them to grow ?
2) are you okay with over 95% allocation in the United States only; considering globalization of the economy when other countries are growing, industrializing , and or competing by prices, taxes , regulation etc.
Now ask yourself this. How much in portion to your available capital would you invest in QQQ?
screener.fidelity.com/ftgw/etf/goto/snapshot/portfolioComposition.jhtml?symbols=QQQ