7 Top Costly Mistakes Investors Made in 2020
Financial professionals say these were among the worst missteps.
Financial professionals say these were among the worst missteps.
Let’s put dartboard investing to the test, using real money in this year-long investing experiment. Will the darts beat the experts?
If you don’t have the time, the money or the expertise to buy individual stocks or bonds to build your investment portfolio, then consider the best Vanguard index funds. Index funds are a good way to start saving and investing for retirement. One reason is because the chance of making more money investing in index …
Continue reading “The 10 Best Vanguard Index Funds to Buy”
The post The 10 Best Vanguard Index Funds to Buy appeared first on GrowthRapidly.
The stock market crash is coming…eventually. But trying to anticipate that crash isn’t too smart. Let’s see why.
If you’re looking to save money for a short, intermediate or long-term goal, such as retirement, you need to find a safe place to park it, earn interest, and have fairly access to your money. But, how do you find such a safe place? The good news is that there are several places to put …
Continue reading “Grow Your Money: Mutual Funds, Index Funds, & CDs”
The post Grow Your Money: Mutual Funds, Index Funds, & CDs appeared first on GrowthRapidly.
Pop quiz! If I asked you, “Who invented the index fund?” what would your answer be? I’ll bet most of you don’t know and don’t care. But those who do care would probably answer, “John Bogle, founder of The Vanguard Group.” And that’s what I would have answered too until a few weeks ago.
But, it turns out, this answer is false.
Yes, Bogle founded the first publicly-available index fund. And yes, Bogle is responsible for popularizing and promoting index funds as the “common sense” investment answer for the average person. For this, he deserves much praise.
But Bogle did not invent index funds. In fact, for a long time he was opposed to the very idea of them!
Recently, while writing the investing lesson for my upcoming Audible course about the basics of financial independence, I found myself deep down a rabbit hole. What started as a simple Google search to verify that Bogle was indeed the creator of index funds led me to a “secret history” of which I’d been completely unaware.
In this article, I’ve done my best to assemble the bits and pieces I discovered while tracking down the origins of index funds. I’m sure I’ve made some mistakes here. (If you spot an error or know of additional info that should be included, drop me a line.)
Here then, is a brief history of index funds.
You asked, so here’s the answer. Let’s breakdown my investment accounts, asset class choices, and why I make those choices.