Benzinga recently had the chance to speak with John Bogle, founder and former CEO of The Vanguard Group and author of best-selling book “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor.”
Mr. Bogle discussed a wide range of topics, including which investments he recommends at the moment, what lessons he learned from his biggest investing mistake and what fads he sees in today’s investment world that will likely prove to be short-lived.
What To Buy
Bogle has long been a believer in buying and holding low-cost index funds for the long-term. When Benzinga asked Bogle where investors should be putting their money, he mentioned a couple of his favorite funds.
“I would invest in Vanguard S&P 500 Index Funds or Vanguard Total Stock Market Index Funds and pay us five basis points per year, and you’ll capture the market’s return,” he explained. “If you get into investing in particular sectors, your behavior is going to mess you up. One sector will do well for a while, and then you’ll get into another one that won’t. Why not just play it right down the middle?”
Learning From Mistakes
Bogle’s career has been…
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