By Nicholas Vardy Jack Bogle introduced index funds – a major financial innovation – in 1976.
Today, Nicholas Vardy explains why they are still one of the most innovative and impactful tools for investors, along with one of the easiest ways to earn money.
Jack Bogle – the founder of Vanguard and the father of index funds – passed away in January 2019.
He introduced the first index mutual fund back in 1976. This bit of clever financial engineering allowed the small investor to take a stake in the entire stock market at a minimal cost.
At first, Wall Street mocked Bogle and his newfangled index funds.
He …read more
