40 years after his “folly,” Bogle’s index funds reign
NEW YORK (AP) — Forty years ago, the thought of buying a stock index fund was ridiculed. Why would anyone be satisfied with an investment that promised nothing more than the same return as the market?
Later this year, however, U.S. stock index funds may for the first time control more in assets than mutual funds run by stock-picking managers trying to deliver better returns than an index like the S&P 500.
John Bogle, founder of Vanguard, dies at 89
VALLEY FORGE, Pa. (AP) — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89.
Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when Vanguard introduced the first index fund for individual investors, rather than institutional clients.
John Bogle dies at 89; fought for lower fees for investors
VALLEY FORGE, Pa. (AP) — When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge.
Police: Fatal Wichita shooting may have been self-defense
WICHITA, Kan. (AP) — Police say a man who was fatally shot in northwest Wichita was trying to rob the person who shot him.
The shooting occurred Wednesday night and found a man in his 20s dead in the street.
Sgt. John Bogle said the shooting occurred at the same time as a robbery attempt in the street, which may have stemmed from a road rage incident.
By Martin Krikorian
"In investing, you get what you don't pay for. Costs matter."
-- John Bogle, founder and former CEO of The Vanguard Group