The great rally post-1949 had healed the wounds of the 1930s by that point. The thing that struck Jason was my finding that an ordinary fund investor, paying the average load, and bearing active manager performance shortfalls, and bearing expenses, only got $98,000 over the same period.Great article.
One quote really struck me:That’s a perfect example of how well buy-and-hold works, even during one of the worst periods for US stocks.He found that a $10,000 investment in 1926 in the index that became the S&P 500 would have grown to just under $198,000, 30 years later, with all dividends reinvested.
Before Bogle, buy-and-hold didn't have the same payoff in the world--you couldn't come close to the index returns. Now you can.
Someone should start a discussion forum in John Bogle's honor.
Statistics: Posted by McQ — Sat Mar 09, 2024 4:45 pm — Replies 11 — Views 1378