Quote:
Originally Posted by manaboutown
Gracie, a Boglehead is basically an index fund investor.
This book is highly informative about their investment philosophy which follows that of Jack Bogle, the founder of The Vanguard Group.
John C. Bogle - Wikipedia
Amazon.com |
An Index Fund investor is a smart investor because they usually beat the so called "managed funds", which are usually MISMANAGED funds because the active manager buys and sells TOO OFTEN. And that is because their job is high pressure to succeed, and the pressure backfires. Note : a small % of actively managed funds DO beat index funds, but usually not many years in a row.