is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
We're entering an era where all currencies will be backed by commodities such as Bitcoin, gold, silver, real estate, etc. Eagerly seeking out what other assets are perfect to acquire with $300k. Just because i can't afford mistakes
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now. And i’m grateful for this tip from my adviser’s cos her moment by moment changes in the market are lightening quick.....who knows how much losses I would’ve had by now!
your expert/advisor must be really good, do you mind if I look up this person assisting you please? i've been holding on to a bunch of stocks that keeps tanking and i'm fed up, if to sell or not
your expert/advisor must be really good, do you mind if I look up this person assisting you please? i've been holding on to a bunch of stocks that keeps tanking and i'm fed up, if to sell or not
Adjusted for inflation gold is worth less today then in 2011, it's nothing but an insurance policy against disaster in my mind which isn't necessarily a bad idea for wealth preservation, it isn't for growing wealth. Definitely 'time in the market' beats timing the market tho I did gain a little last yr by selling some before the covid crash and buying back lower. It's just too hard to do that most of the time and I certainly didn't get back in at the bottom.
@@Mrbfgray If you bought gold in 2011. But buying it when there is less instability is key or during dips. I got gold for 1600 back during the march corona scare. Long as it doesn't dip back down for any extended amount of time I should be good. If it does dip down again. I might pick some more up
I think it's more so due to the fact that he's kept his mind so engaged his entire life that he is still sharp. But a good heart probably doesn't hurt haha
@unarmed blackman what about his book is bs? I haven't read it but doesn't it just explain how you should buy assets rather than relying on a job and buying liabilities?
@unarmed blackman no that's why I didnt buy it, and I only just got into investing a month ago because of Kiyosaki, and because of him I'm listening to Buffet, Munger and Bogle also. What's wrong with writing a book about this stuff?
@unarmed blackman you'd be surprised how many people know nothing about assets, and have zero financial education. He did a good thing writing that book and I'm glad he made extra money from it.
0:47 try and ignore the noise 0:57 for the long term investor, dont do something, just stand there (during tough, volatile times) 1:26 invest for the long term 2:16 gold is not an investment. It's speculation. It has no underlying intrinsic value 3:06 maybe 1% to 5% of your portfolio in gold isnt the worst idea, but i wouldnt advise most investors to do it 3:26 you wanna be very diversified 3:29 id certainly recommend a bond index fund 3:38 diversify among bonds too (dont choose just one) 4:12 dont play in that game (frequent trading) 4:53 look at long term investing
The only thing people need to know is that what people tell you to do and what they actually do with their own money is not always the same ; ) Obviously his advice as a whole is on but many people didn't know that he had a lot of money in the Wellington Fund.......which pays higher dividends than the S&P 500 and total stock market funds. He also made mention many times of corporate bonds. A lot of "experts" out there just suggest something like VTI and BND as the only investments you need. They point out the many millionaires the stock market has made since the 80's, or REALLY old investors from the 50's ect. They DON'T point out what happens to someone if they retire into a secular bear market (1966-1982 or 2000-2013 for example) If you are 65 and retire in 2000 or 1966 you wouldn't want all of your money in such a low yield environment and having to sell of tons of shares. A dividend aristocrat portfolio (if you are willing to do the research) gives a much better hedge towards that nightmare scenario because of the higher yield. Yada yada yada single stock are risky!!! Yeah......that's why you research and buy about 40-100 of them! If one or two go under it's not going to matter in the big scheme of things. You have those dividends reinvest automatically until you retire in companies that have histories of raising the dividend over time, your yield on cost will be insanely high as you collect dividends in retirement. There are quite a few experts out there that recommend that strategy, and it doesn't hurt to do both. (I have no choice but to do both because the 401K only has index or mutual funds to choose from) So to sum it up, your statement is a bit naive because you assume someone with a different strategy is nothing but a keyboard warrior, and that Bogle actually invested like people THINK he did ; )
And here we are 6 years later and we are in the same boat. People forget that there are decades upon decades where gold is a horrible investment. Even after gold had it's big run since about the middle of 2019 it is only up 10 dollars since this interview. From where I am sitting that is not a vey good hedge against inflation. I'm sure there are plenty of gold bugs out there that would argue otherwise though.
@@edwinlee2343 I’m a gold bug. However I fully acknowledge that there are times gold will do very well while there are other times where gold is a very bad investment. If you want to speculate, timing is very important. I bought in from 2015 to 2019. It’s been great.
@@HermannTheGreat As of today 20 Jan 2021 , gold’s about USD 1854 per Tr Oz, given the massive amounts of QE and 0 rates lying ahead of us going into 2021 and 2022, my bias is that gold and silver will continue to keep on going up in price and that we should hit USD 2500 by the end of year 2021. Personal opinion given this 0 rate, huge QE highly inflationary environment.
Hello from up in Canada. JPMorgans 20 year return of assets has gold near the top. FIATs always return to their true value of zero. The USA dollar has devalued continually since 1913 and is only 3-7 cents on the dollar. My father could have bought gold when it was $30/ounce. My father in laws investments have been cut in half due to markets. My first ounce was bought in 99 at $287/ounce and is now just over $2000/ounce. $$$ is the trade for labour and is suppose to keep it's purchasing value and its done a horrible job so far. Here's a scenario for you: Two gentlemen are in Venezuela in 2013 when they had the "best" markets. One invests, say $50,000 into the market and sees it grow to $100,000 Bolivars. The other takes that $50,000 into gold/silver. Which one would be doing better today? The one with $100,000 Bolivars (which can't buy you anything now) or the guy with over 10 ounces of gold and xxxxx silver? The sheeple can continue to play into the hands of the Central Banks while they transfer the wealth of the people to them while they buy gold at hand over fist. It's a case of "do as I say, not as I do".
Gold is not an investment it’s a wealth preservation asset. You keep some so you can sell some after a stock market crash to buy more stocks at lower prices.
I love it when people try to ridicule money and say it’s fake ; “we should go back to precious metals” - as if somehow putting a value on gold is any different to putting a value on a piece of paper with Benjamin Franklin on it
PMs have intrinsic value that cash does not. Not only because people like the look and always have, but PMs have industrial use that will only become more pronounced as technology evolves. One could argue that fiat cash is backed by the industry and/or military of a country, but even then the government can just debase the currency at any time.
Vikas but if they were invested in US equites for example, they’re doing just fine. Saving currency is a losing game, especially with infinite printing by central banks.
@@scottab140 Hedge against inflation and fiat currencies. This fiat game, and creating new finance backed by nothing other than the promise of the goverment can only go on for so long. Gold has, and always will be around. Fiat is a Nixon Administration-present day system. Eventually it will die.
@@KTWEBS warren buffett agrees too. If you buy gold at a certain price you are basically hoping that in the future more people will want it and that will cause its price to go up. And this is speculation unfortunately, it may happen, but it also may not.
@@diseasefire Mr. Bogle speaks in the context of USA which has a luxury to print world reserve & trade currency. The possibility of USD meltdown is simply too alien to American mindset. But it doesn't mean it's impossible ;)
@@diseasefire you're wrong if I buy Gold it's because I want to keep the value of what I've earned. Everything is bearish against gold for the last twenty years, a rater unknown fact that even smart people like Buffet seem to ignore
@@antonlevkovsky1667 USD inflation is surely a possibility but if you need to store value somewhere there are better ways. AAA grade bonds or US treasury for instance are generally safe and return something. Gold is just a bet. You could get back less than you have put in.
This was said before gold shot to 2000. I remeber when it was 300 for 24 years until the great recession poped up to 700. Now it is 1350. Gold only match inflation. It also reflects the strength in the stock market if gold is high that is very bad.
Owning a certain percentage of gold and silver is not bad at all in my opinion. I like diversity, Gold, silver, stocks, real estate. Why would the New York federal reserve, JP Morgan Chase and many nations have gold, and silver as a reserve? If it’s garbage?
True. I can agree with Mr Bogle that gold is not an investment but it is most definitely a hedge asset. I disagree it has no intrinsic value. 5000+ years of its history contradicts that statement. Central banks are buying it in record numbers because they know the intrinsic value of their monopoly money and they don't want to be left holding their own paper if the populace wakes up and realizes they have been duped as to what real money is. "Full faith and credit" of our politicians slapped on paper doesn't mean that much to me. A promissary note saying redeemable in gold or silver would mean something as long as we actually could. The thing about gold is that the price is being manipulated and has been for awhile by paper contracts on the comex so that the price is suppressed so that the CB and their associates can buy at low prices. I was in Tocqueville gold fund up until about 2006 when I cash out at around $71. When the crisis of 2008-2009 happened the price dropped to below $20 if I remember correctly. I still keep an eye on it and its just now back up to about $38. I would have lost about 6k on the initial crash and would not have gained it back in the 10 years since. So I understand in principle what Mr B is saying.
Gold is not an investment but its a hedge against the powers that be. It protects you to a degree no more no less. But what is better Silver , Gold or Bullets?
What everybody misses is that gold, as well as any metal, has a cost of mining/refinement and this only rises with time as mines get depleted and no new high grade mining places are discovered. Right now the production cost of gold getting close to market price. If miners, decide that current market price does not reflect the production cost they simply stop production, this leads to limited supply and in turn price rises again. In other words, value of gold is not speculation by any means but driven by the energy required to mine/refine it. Btw. same applies to basic metals as copper/nickel etc. High-grade mines get depleted and demand is only growing.
He was spot on. If people bought gold back when this was published, they would have 5% more today. That is if they held it all the way while it lost over 40% of the value. 5% up today seems like its finally in the green, but not after you account for inflation.
The problem with gold is that there is plenty of it on the bottom of the ocean and in the Asteroid belt in our solar system. Scarcity of gold in places where it is possible to extract is the main reason why gold is valuable next to the tradition. Who knows maybe Platinium will be more popular in the future as it is so much more rare than gold? Or maybe sth else which is even more rare.
I wonder what the future holds for the cryptocurrencies when we can build ledgers without PoW, without the medium of transaction having any value. And also when people realize the downward spiral of a deflationary non-productive "asset"
th-cam.com/video/t2H0EKnkLqk/w-d-xo.html talks about what I mean about deflationary out of control instruments being fairly stupid (probably) In reason #3
He made so many statements, it's hard to know what you're referencing. That being said, if you think crypto is a bad investment, you simply don't understand it yet. That's fine. But by the time it does develop into what it is supposed to be and you finally understand the real-world use cases, the margins will be gone and it won't be such a good investment anymore. It's worth throwing $1k (diversified) into it and leaving it for 15-20 years simply based on prospect alone. If it fails, fuck it, you lost 1k... That's a drip in the bucket of 15-20 years income... If it does actually turn into what it is meant to be though, the returns you get simply can't be matched by any other 1k investment. So really, it's a no-brainer. But, please, if you're still skeptical, don't invest. Only means a better average overall return for me if it does come through.
I respect Mr Bogle. Studied his book Common sense on Mutual Funds closely. I agree that Gold is not an investment. It however is not a speculation. It’s a commodity. In fact a unique one. It had been money for thousands of years till 1971. I’ve been buying it since 2003 and am still “up” but that isn’t the reason I own it. It is an excellent diversification. 5-25% and rebalance annually is my philosophy.
J Dorner Yes, that is a good take on gold and good reasoning. I have bought more silver than gold myself, it’s cheaper more often in comparison to gold. However, I have only allocated around 5% of my capital into gold and silver. I will probably never need it, Gods hoping, but I see it as medium for an intergenerational exchange of wealth, and I’m sure my children and my children’s children will benefit from such an intergenerational exchange of wealth.
@@amerhesson3493 I'm not sure I am following your argument. Let me put it this way. The dollar use to be a measurement of weight in gold. It was 1/35th an ounce of gold till 1971. Once gold was demonetized then the dollar quickly went from 1/35th an ounce of gold all the way down to 1/850th an ounce of gold around 1980. This happened in just nine years. Although one could argue that gold didn't go up much in relationship to other products, services and commodities, it certainly held its value against these, and actually appreciated a little. The dollar however really went down in value. I wouldn't call gold a speculation, rather a good diversification against the dollar which lost a lot of value in those days andonce again for similar reasons has been since 2001. I highly recommend Dr. Rothbard's book, What the government has done to our money. Google it. You can find it free and it is one of the best books on gold and the dollar by an economist you will find. And he writes in a very lucid and readable manner.
Yet in one of his interview he said he had created a portfolio when he was a teacher and allocated 5% as an edge to an extreme event. I could find the source but it take some time. I think it s a video name jack bogle allocation or something like that
True. But consider that over the last almost 40 years Treasury bonds yields have declined from 10+% to less than 2%. A perfect environment for the stock market.
Joey Carlyle gold is stable but it is a limited resource. They are trying to buy it all up to control most of the supply. Not an investment though really.
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Gold is just an alternative form of cash. It's a store of value. The only difference being that central banks can't print gold. Given a choice between owning a $10,000 US Treasury Bond for 30 years, currently paying around 3%, or $10k in gold and holding it for the same time frame, I'd take the gold. What Jack is missing in his analysis is inflation. We live in a world operating on a fiat dollar standard. That's great as long as the dollar remains stable and inflation negligible. But the history of fiat currency does not give me cause for that kind of long term optimism. As a long term investment gold has not been attractive. I'd rather hold a low cost stock market index fund. But gold has historically been an excellent insurance policy for those, like me, who don't trust politicians and central bankers with an affinity for printing money.
@@junliang7965 Already done. I don't own any bonds farther out on the yield curve than two years. And I do own some gold. I can't imagine what is possessing anyone to buy long term bonds when the Treasury owes tens of trillions of dollars, while the Fed has suppressed interest rates to near zero AND is printing money like water. As a student of history I can say that I have seen this movie before and I know how it's going to end. Short of an outright default, which is not imaginable, this is how all countries that get in over their heads with the red ink get out of it. They print money, debasing their currency and inflate away the debt.
Let me see how valuable gold is in a situation where food is scarce and Americans are using weapons to take food or defend it. A shiny piece of metal will be the last thing I care about if the dollar collapses.
@@Slov_ What you are describing is not a currency collapse but a failed state with a mass collapse of the economy including means of production for goods and services, i.e. Venezuela. I don't see any realistic scenario for that occurring in the US absent a mass casualty event that decimates the population so that there aren't enough people to keep the basic essential services operating. Major currency failures have occurred before (post WWI Germany and Hungary) w/o the breakdown in social order you are describing. I realize this sort of doomsday porn is popular with preppers and far right gun enthusiasts, but let's try to keep one foot in the real world. We are not heading for a Walking Dead society.
Gold is speculation or investment based on the reason and way you buy it. The same with stocks which can be investment or speculation depending what and why you bought. Gold has value and that's that no politician or central banker in the world can print it.
That makes gold good at storing wealth, but not an investment. If the best thing you can say of gold is that it doesn't lose value to inflation, then it's not an investment at all. To quote Warren Buffet, if you buy a gold pepper today, in 100 years you will still have 1 gold pepper. If you buy a farm, in 100 years you'll have a farm, and 100 years of produce. You can buy a farm, and get money from it, selling the produce, even if you never sell the farm. Long term, it'll pay for itself. Gold will never give you anything, unless you sell it. And the only way to profit from it is if you find someone else that thinks it's worth more than you thought it was worth when you bought it. A farm is an investment. Gold is not.
Gold is often called a "hedge" (since it isn't really an investment). Problem with that is that there is no correlation between gold and equities at all. If the world is ending people won't be using their gold to "hedge" risk, they will be using bullets and weapons destroying themselves instead. Therefore gold is pretty useless for the long term investor, now for the speculator....
Gold is only worth what we deem it worth. Similar to cash, although it does have other meaningful uses. In the midst of a market crash, however, the demand for gold goes down making the current supply more accessible which causes the value we assign it to go down as well. If you are set on investing with the mindset that the market will inevitably crash then you have to invest in things that will be in high demand after said crash, and gold is not one of those things.
Jason you couldn't be more wrong in all times of uncertainty and instability people have rushed to gold and always will, how ever to put all your eggs in one basket would not be wise.
Certainly if you don't think you can predict an economic down turn such as happened in 2008; when gold was 600 and rose to 2000 by 2011; then don't invest in gold which is not exactly an investment it is a safe haven which won't crash with the rest of the economy; 2008 is the perfect example. If you do have reason to believe there will be a major down turn then gold is just as smart a move as it was in 2008 where it's value rose 300% while other investments lost half their value or more. Mr Vanguard here makes no money on selling gold he makes money selling stocks. While weathering the storm may work out in the long run; it is clear if you see a down turn - you shouldn't sit by and lose half your value if you can triple it instead.
90% of your portfolio should be stocks. But if you ask me to choose between a government bond or gold for the other 10% I’d choose gold. Bonds are debt instruments . Governments can’t produce anything so they either tax or print money with a short fall. When the money is printed gold prices increase.
Whether it's gold or crypto, people are very happy to dump money into speculative, non-productive, assets. I'm not against owning a small percentage of physical gold and silver in my portfolio as a hedge against some economic catastrophe, but it's not an _investment_
Gold is a form of savings, for those that understand why they are buying it. It's not a traditional investment and it is a long term investment. As for people who bought at the top and saw gold go down, if they sold, they lost, same as with any investment like stocks or real estate. You can't fix dumb money.
If you have a significant size of wealth, it's not bad to put 5% in Gold just as a contingency. In fact Jack did exactly that to that college endowment fund. But an endowment fund ain't no average investor. The ones who sell gold and gold ETFs will teach you all the ins and outs of the commodities game, but they will never discuss if you should play the game AT ALL for an average investors portfolio size. You're welcome for saving you those high expensive ratios/storage fees.
11 years ago when gold was sitting at all time highs of course people were hitting by that bug and I’m sure they sold when it crashed down to $1200. Im a fan of gold as more of a collector than a investor, hard to make money in this market, but there are way with low mintage and graded coins
Bogle is largely echoing what Warren Buffet has been saying about gold. Although, as a gold and silver bug I'm inclined to disagree with these astute men. Precious metals are a hedge against paper assets. Basic economics tells me I'm right, so long as governments and their reserve banks have the ability to expand their monetary base indefinitely, the nominal value of hard assets that are difficult to replicate are all but guaranteed to increase in price over time. Any man worth his lot in life rightfully ought to recognize that stocks, bonds, and the fiat currency which they are denominated in (powerful tools as they may be) are still nothing more than numbers and characters on a computer screen.
lol gold is an investment, its just not the best thing to use to fight inflation. its smarter to buy aapl. ofc, this is hindsight 20/20, but its likely aapl will still beat gold in the next 20 years, but both will rise. therefore gold is still an investment.
Here we are, 6 years later, and where was the double dip???? 1968-80: Gold appreciates by 22%/year. 1980-2006: Gold returns 0.3%/year. 2006-16: Gold returns 6%/year. Gold has not outperformed stocks from 1981 to the present. Gold pays no dividends. The negotiability of gold cannot be guaranteed. That is why I take no interest in precious metals.
alnot01 +1 gold NOT an investment! Gold is At best Insurance . (only IF you are paranoid that the 'Fedreral reserve is driving us in to Hyperinflation' LOL)
I used to be really big on gold and precious metals in general. But I am beginning to share this view. Gold is typically bought for a doomsday/market meltdown scenario. This makes it seem like a safe insurance policy even if it does not generate good returns in normal markets. The downside, like you said, is that there is absolutely zero guarantee that gold will be negotiable in a meltdown scenario.
@@Omariau The DJI is outdated. SPX = S&P500? Wilshire 5000: 4467 on 12/31/1999, 14906 on 6/18/2020. ln(14906/4467)/20.5 = 5.9%/year. Gold: 29025 on 12/31/1999, 171950 on 6/18/2020. ln(171950/29025)/20.5 = 8.7%/year. Gold: The price of gold is about the same today as it was in early August 2011. Hence gold cannot have outperformed stocks over that period. Hence the only period since 1980 to the present when gold outperformed stocks was 2006-11. A less then impressive track record.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
We're entering an era where all currencies will be backed by commodities such as Bitcoin, gold, silver, real estate, etc. Eagerly seeking out what other assets are perfect to acquire with $300k. Just because i can't afford mistakes
Gold has been a top performing asset over the last 30 years.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now. And i’m grateful for this tip from my adviser’s cos her moment by moment changes in the market are lightening quick.....who knows how much losses I would’ve had by now!
your expert/advisor must be really good, do you mind if I look up this person assisting you please? i've been holding on to a bunch of stocks that keeps tanking and i'm fed up, if to sell or not
your expert/advisor must be really good, do you mind if I look up this person assisting you please? i've been holding on to a bunch of stocks that keeps tanking and i'm fed up, if to sell or not
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
Even after his death he is still helping millions of people with the work he did in his lifetime
Adjusted for inflation gold is worth less today then in 2011, it's nothing but an insurance policy against disaster in my mind which isn't necessarily a bad idea for wealth preservation, it isn't for growing wealth. Definitely 'time in the market' beats timing the market tho I did gain a little last yr by selling some before the covid crash and buying back lower. It's just too hard to do that most of the time and I certainly didn't get back in at the bottom.
Millions?
@@antoncigur3727 At least dozens, close 'nough.
@@Mrbfgray If you bought gold in 2011. But buying it when there is less instability is key or during dips. I got gold for 1600 back during the march corona scare. Long as it doesn't dip back down for any extended amount of time I should be good. If it does dip down again. I might pick some more up
@@teru797 As long as you are not interested in gaining wealth but only preserving it. I like to grow mine and have.
Mr Bogle cared about making people wealthy and not just promoting himself like lots of talking heads out there do. RIP Jack! Definitely one of a kind
I love John. I named my son after him. God bless this gentleman. He chooses dignity, legacy over just money. This is a noble man of our time.
unlike Bezos
@@mt4824 what do you mean?
@@rishabh_sk_kashyap9693 Bezos cares only about the number
Lol shut up loser. Bezos is the man
Champion of the average guy. Gave us a way to buy our slice of the means of production
this dude looks like he's a 100 yrs old, but sound like he's in his 40s wow
Dj Freeman ikr
he got a heart transplant from a black kid who was short in a robbery. that was 25 years ago.
I think it's more so due to the fact that he's kept his mind so engaged his entire life that he is still sharp. But a good heart probably doesn't hurt haha
when this was taped, he was about 80
So true!
I wish he could be with us now. I would love to hear his thoughts.
He would say the same thing he said in this video.
@@kdelete4949 on point
It would be a dream to have a grandpa like him. Imagine all the wisdom you would get. RIP Bogle.
RIP ..glad we have him to watch..
a true legend in American economics and finance. a true pioneer
robert kiyosaki must have him churning in his grave! Jack Bogle was one of very few people who really looked out for the investor.
Books of Robert Kiyosaki are great. Your comment is BS.
@@val_inv6239 you must be one of the suckers he got to buy his book.
@unarmed blackman what about his book is bs? I haven't read it but doesn't it just explain how you should buy assets rather than relying on a job and buying liabilities?
@unarmed blackman no that's why I didnt buy it, and I only just got into investing a month ago because of Kiyosaki, and because of him I'm listening to Buffet, Munger and Bogle also. What's wrong with writing a book about this stuff?
@unarmed blackman you'd be surprised how many people know nothing about assets, and have zero financial education. He did a good thing writing that book and I'm glad he made extra money from it.
rest in peace. he was really smart.
0:47 try and ignore the noise
0:57 for the long term investor, dont do something, just stand there (during tough, volatile times)
1:26 invest for the long term
2:16 gold is not an investment. It's speculation. It has no underlying intrinsic value
3:06 maybe 1% to 5% of your portfolio in gold isnt the worst idea, but i wouldnt advise most investors to do it
3:26 you wanna be very diversified
3:29 id certainly recommend a bond index fund
3:38 diversify among bonds too (dont choose just one)
4:12 dont play in that game (frequent trading)
4:53 look at long term investing
He should've made a business audiobook, could listen for hours
Anybody commenting on here who thinks they know more than this man is really full of bull.
Agree!
This guy knows ' investing '
This old guy knows much more about investing that you two people
The only thing people need to know is that what people tell you to do and what they actually do with their own money is not always the same ; ) Obviously his advice as a whole is on but many people didn't know that he had a lot of money in the Wellington Fund.......which pays higher dividends than the S&P 500 and total stock market funds. He also made mention many times of corporate bonds. A lot of "experts" out there just suggest something like VTI and BND as the only investments you need. They point out the many millionaires the stock market has made since the 80's, or REALLY old investors from the 50's ect. They DON'T point out what happens to someone if they retire into a secular bear market (1966-1982 or 2000-2013 for example) If you are 65 and retire in 2000 or 1966 you wouldn't want all of your money in such a low yield environment and having to sell of tons of shares. A dividend aristocrat portfolio (if you are willing to do the research) gives a much better hedge towards that nightmare scenario because of the higher yield. Yada yada yada single stock are risky!!! Yeah......that's why you research and buy about 40-100 of them! If one or two go under it's not going to matter in the big scheme of things. You have those dividends reinvest automatically until you retire in companies that have histories of raising the dividend over time, your yield on cost will be insanely high as you collect dividends in retirement. There are quite a few experts out there that recommend that strategy, and it doesn't hurt to do both. (I have no choice but to do both because the 401K only has index or mutual funds to choose from)
So to sum it up, your statement is a bit naive because you assume someone with a different strategy is nothing but a keyboard warrior, and that Bogle actually invested like people THINK he did ; )
@Jared Kamel He has done it though. There's an interview done after this one where he's admitted to putting a small portion of his portfolio in gold.
“If you don’t own Gold, you know neither history nor economics.”- Ray Dalio
Terrific advice, if more people listened to it when he gave this interview they could have saved themselves from quite a large loss.
And here we are 6 years later and we are in the same boat. People forget that there are decades upon decades where gold is a horrible investment. Even after gold had it's big run since about the middle of 2019 it is only up 10 dollars since this interview. From where I am sitting that is not a vey good hedge against inflation. I'm sure there are plenty of gold bugs out there that would argue otherwise though.
@@edwinlee2343
I’m a gold bug. However I fully acknowledge that there are times gold will do very well while there are other times where gold is a very bad investment.
If you want to speculate, timing is very important. I bought in from 2015 to 2019. It’s been great.
@@HermannTheGreat
As of today 20 Jan 2021 , gold’s about USD 1854 per Tr Oz, given the massive amounts of QE and 0 rates lying ahead of us going into 2021 and 2022, my bias is that gold and silver will continue to keep on going up in price and that we should hit USD 2500 by the end of year 2021. Personal opinion given this 0 rate, huge QE highly inflationary environment.
@@kennethho888 how's that 2500 lookin
He is right this interview was around 2011 when gold prices were $1800, today 6 years later gold is down to $1250 anybody who invested lost money
in addition to the 2-3 percent annual inflation that compounds as well!!!
Even if gold was $4000 today he would still be right.
you shouldn't buy it in a bull market
Hello from up in Canada. JPMorgans 20 year return of assets has gold near the top. FIATs always return to their true value of zero. The USA dollar has devalued continually since 1913 and is only 3-7 cents on the dollar. My father could have bought gold when it was $30/ounce. My father in laws investments have been cut in half due to markets. My first ounce was bought in 99 at $287/ounce and is now just over $2000/ounce. $$$ is the trade for labour and is suppose to keep it's purchasing value and its done a horrible job so far.
Here's a scenario for you: Two gentlemen are in Venezuela in 2013 when they had the "best" markets. One invests, say $50,000 into the market and sees it grow to $100,000 Bolivars. The other takes that $50,000 into gold/silver. Which one would be doing better today? The one with $100,000 Bolivars (which can't buy you anything now) or the guy with over 10 ounces of gold and xxxxx silver? The sheeple can continue to play into the hands of the Central Banks while they transfer the wealth of the people to them while they buy gold at hand over fist. It's a case of "do as I say, not as I do".
Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha!
Gold is not an investment it’s a wealth preservation asset. You keep some so you can sell some after a stock market crash to buy more stocks at lower prices.
He's talking about Gold as Bitcoin.
I love it when people try to ridicule money and say it’s fake ; “we should go back to precious metals” - as if somehow putting a value on gold is any different to putting a value on a piece of paper with Benjamin Franklin on it
PMs have intrinsic value that cash does not. Not only because people like the look and always have, but PMs have industrial use that will only become more pronounced as technology evolves. One could argue that fiat cash is backed by the industry and/or military of a country, but even then the government can just debase the currency at any time.
The government cant print more gold. At least not yet
@@tongpoo8985 exactly, another good reason why it doesn’t work as a means of payment
It isn't an investment, it is a hedge.
Hedge against what gold derrivated? Gold is not a hedge against the S&P has there is no correlation.
I wish I had bought more gold
Guy, he's right. Gold is not an investment. Gold is money, and nothing else.
Vikas but if they were invested in US equites for example, they’re doing just fine. Saving currency is a losing game, especially with infinite printing by central banks.
@@scottab140 Hedge against inflation and fiat currencies.
This fiat game, and creating new finance backed by nothing other than the promise of the goverment can only go on for so long. Gold has, and always will be around. Fiat is a Nixon Administration-present day system. Eventually it will die.
That is true. Gold is not an investment. It is however a hedge against fiat currency meltdowns.
it's strange I've never heard someone refer to gold as a speculation, only as a store of value
@@KTWEBS warren buffett agrees too. If you buy gold at a certain price you are basically hoping that in the future more people will want it and that will cause its price to go up. And this is speculation unfortunately, it may happen, but it also may not.
@@diseasefire Mr. Bogle speaks in the context of USA which has a luxury to print world reserve & trade currency. The possibility of USD meltdown is simply too alien to American mindset. But it doesn't mean it's impossible ;)
@@diseasefire you're wrong if I buy Gold it's because I want to keep the value of what I've earned. Everything is bearish against gold for the last twenty years, a rater unknown fact that even smart people like Buffet seem to ignore
@@antonlevkovsky1667 USD inflation is surely a possibility but if you need to store value somewhere there are better ways. AAA grade bonds or US treasury for instance are generally safe and return something. Gold is just a bet. You could get back less than you have put in.
A great man, humble and wise, that affected the world in a very positive way. A great teacher and role model. RIP John.
RIP Legend
His comments are always appropriate... And surely that's a sign it's wisdom!
RIP, Mr. Bogle.
Jack Bogle, the Oracle of Malvern
On January 19th 2021 gold is up 10 bucks since John said not to buy gold on August 30th 2011.
@Gimchess fucking trash gain
This was said before gold shot to 2000. I remeber when it was 300 for 24 years until the great recession poped up to 700. Now it is 1350. Gold only match inflation. It also reflects the strength in the stock market if gold is high that is very bad.
Big E's Log m
That man should be given Sainthood
love you John. Youre the best!
Its Jack!!!
So... buy and hold?
Short term speculation = An absolute losers game! Nite, nite...
Owning a certain percentage of gold and silver is not bad at all in my opinion. I like diversity, Gold, silver, stocks, real estate. Why would the New York federal reserve, JP Morgan Chase and many nations have gold, and silver as a reserve? If it’s garbage?
man behind Optimus Prime
Central banks are not buying gold to speculate. They are buy gold because it is a reserve currency.
True. I can agree with Mr Bogle that gold is not an investment but it is most definitely a hedge asset. I disagree it has no intrinsic value. 5000+ years of its history contradicts that statement. Central banks are buying it in record numbers because they know the intrinsic value of their monopoly money and they don't want to be left holding their own paper if the populace wakes up and realizes they have been duped as to what real money is. "Full faith and credit" of our politicians slapped on paper doesn't mean that much to me. A promissary note saying redeemable in gold or silver would mean something as long as we actually could. The thing about gold is that the price is being manipulated and has been for awhile by paper contracts on the comex so that the price is suppressed so that the CB and their associates can buy at low prices. I was in Tocqueville gold fund up until about 2006 when I cash out at around $71. When the crisis of 2008-2009 happened the price dropped to below $20 if I remember correctly. I still keep an eye on it and its just now back up to about $38. I would have lost about 6k on the initial crash and would not have gained it back in the 10 years since. So I understand in principle what Mr B is saying.
Gold is not an investment but its a hedge against the powers that be. It protects you to a degree no more no less. But what is better Silver , Gold or Bullets?
I'm new to Bogle and he's interesting.
It is shorting the dollar. That is all.
Great advice
What everybody misses is that gold, as well as any metal, has a cost of mining/refinement and this only rises with time as mines get depleted and no new high grade mining places are discovered. Right now the production cost of gold getting close to market price. If miners, decide that current market price does not reflect the production cost they simply stop production, this leads to limited supply and in turn price rises again. In other words, value of gold is not speculation by any means but driven by the energy required to mine/refine it. Btw. same applies to basic metals as copper/nickel etc. High-grade mines get depleted and demand is only growing.
He was spot on. If people bought gold back when this was published, they would have 5% more today. That is if they held it all the way while it lost over 40% of the value. 5% up today seems like its finally in the green, but not after you account for inflation.
Gold is insurance. Bury it out back and hope you never need it.
@@MAILER-DAEMON: if its virtually worthless than why its cost so much ~$1700/ 1oz ?
Who is the reporter?
All very true now in May 2020 as it was back then in 2011.
Along with Warren Buffett and Charlie Munger , Jack Bogle was an absolute giant of investing. A man of great character and integrity too
legend! RIP
What would Mr Bogle say about Bitcoin?
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He would say it's a speculative asset which it is. It's also a medium of exchange which makes it at least marginally more useful than gold.
The problem with gold is that there is plenty of it on the bottom of the ocean and in the Asteroid belt in our solar system. Scarcity of gold in places where it is possible to extract is the main reason why gold is valuable next to the tradition. Who knows maybe Platinium will be more popular in the future as it is so much more rare than gold? Or maybe sth else which is even more rare.
sounds like hes talking about bitcoin
I wonder what the future holds for the cryptocurrencies when we can build ledgers without PoW, without the medium of transaction having any value. And also when people realize the downward spiral of a deflationary non-productive "asset"
That shit dumped so hard
th-cam.com/video/t2H0EKnkLqk/w-d-xo.html talks about what I mean about deflationary out of control instruments being fairly stupid (probably)
In reason #3
He made so many statements, it's hard to know what you're referencing.
That being said, if you think crypto is a bad investment, you simply don't understand it yet.
That's fine. But by the time it does develop into what it is supposed to be and you finally understand the real-world use cases, the margins will be gone and it won't be such a good investment anymore.
It's worth throwing $1k (diversified) into it and leaving it for 15-20 years simply based on prospect alone. If it fails, fuck it, you lost 1k... That's a drip in the bucket of 15-20 years income...
If it does actually turn into what it is meant to be though, the returns you get simply can't be matched by any other 1k investment. So really, it's a no-brainer.
But, please, if you're still skeptical, don't invest. Only means a better average overall return for me if it does come through.
@@seventeen9718 im referencing his comment on gold as an investment . I am also very bullish on crypto. 👍🏻
I respect Mr Bogle. Studied his book Common sense on Mutual Funds closely. I agree that Gold is not an investment. It however is not a speculation. It’s a commodity. In fact a unique one. It had been money for thousands of years till 1971. I’ve been buying it since 2003 and am still “up” but that isn’t the reason I own it. It is an excellent diversification. 5-25% and rebalance annually is my philosophy.
J Dorner Yes, that is a good take on gold and good reasoning. I have bought more silver than gold myself, it’s cheaper more often in comparison to gold. However, I have only allocated around 5% of my capital into gold and silver. I will probably never need it, Gods hoping, but I see it as medium for an intergenerational exchange of wealth, and I’m sure my children and my children’s children will benefit from such an intergenerational exchange of wealth.
@@amerhesson3493 I'm not sure I am following your argument. Let me put it this way. The dollar use to be a measurement of weight in gold. It was 1/35th an ounce of gold till 1971. Once gold was demonetized then the dollar quickly went from 1/35th an ounce of gold all the way down to 1/850th an ounce of gold around 1980. This happened in just nine years. Although one could argue that gold didn't go up much in relationship to other products, services and commodities, it certainly held its value against these, and actually appreciated a little. The dollar however really went down in value. I wouldn't call gold a speculation, rather a good diversification against the dollar which lost a lot of value in those days andonce again for similar reasons has been since 2001. I highly recommend Dr. Rothbard's book, What the government has done to our money. Google it. You can find it free and it is one of the best books on gold and the dollar by an economist you will find. And he writes in a very lucid and readable manner.
Imagine what he'd have to say about bitcoin?
I wonder if all the haters below me in the comments still think the same
Yet in one of his interview he said he had created a portfolio when he was a teacher and allocated 5% as an edge to an extreme event. I could find the source but it take some time. I think it s a video name jack bogle allocation or something like that
Nobody's been more right than him.
True. But consider that over the last almost 40 years Treasury bonds yields have declined from 10+% to less than 2%. A perfect environment for the stock market.
Same concept can be applied to bitcoin
Why are central banks buying gold? I don't think they are buying it for speculative purposes.
Joey Carlyle gold is stable but it is a limited resource. They are trying to buy it all up to control most of the supply. Not an investment though really.
@Moritz Sandritter Unfortunately, the Fed is not state run
He knows a lot about investment
He preaches diversification alot .... tough.....
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Gold is just an alternative form of cash. It's a store of value. The only difference being that central banks can't print gold. Given a choice between owning a $10,000 US Treasury Bond for 30 years, currently paying around 3%, or $10k in gold and holding it for the same time frame, I'd take the gold. What Jack is missing in his analysis is inflation. We live in a world operating on a fiat dollar standard. That's great as long as the dollar remains stable and inflation negligible. But the history of fiat currency does not give me cause for that kind of long term optimism. As a long term investment gold has not been attractive. I'd rather hold a low cost stock market index fund. But gold has historically been an excellent insurance policy for those, like me, who don't trust politicians and central bankers with an affinity for printing money.
Put your money where your mouth is. Then in 30 years take a look at your portfolio.
@@junliang7965 Already done. I don't own any bonds farther out on the yield curve than two years. And I do own some gold. I can't imagine what is possessing anyone to buy long term bonds when the Treasury owes tens of trillions of dollars, while the Fed has suppressed interest rates to near zero AND is printing money like water. As a student of history I can say that I have seen this movie before and I know how it's going to end. Short of an outright default, which is not imaginable, this is how all countries that get in over their heads with the red ink get out of it. They print money, debasing their currency and inflate away the debt.
You sound like the most logical and GENUINE commenter on this video. Of course this is a CNN sponsored channel
Let me see how valuable gold is in a situation where food is scarce and Americans are using weapons to take food or defend it. A shiny piece of metal will be the last thing I care about if the dollar collapses.
@@Slov_ What you are describing is not a currency collapse but a failed state with a mass collapse of the economy including means of production for goods and services, i.e. Venezuela. I don't see any realistic scenario for that occurring in the US absent a mass casualty event that decimates the population so that there aren't enough people to keep the basic essential services operating. Major currency failures have occurred before (post WWI Germany and Hungary) w/o the breakdown in social order you are describing. I realize this sort of doomsday porn is popular with preppers and far right gun enthusiasts, but let's try to keep one foot in the real world. We are not heading for a Walking Dead society.
In 2019 - still true today. Funny how things really never change.
Gold is speculation or investment based on the reason and way you buy it. The same with stocks which can be investment or speculation depending what and why you bought. Gold has value and that's that no politician or central banker in the world can print it.
That makes gold good at storing wealth, but not an investment. If the best thing you can say of gold is that it doesn't lose value to inflation, then it's not an investment at all.
To quote Warren Buffet, if you buy a gold pepper today, in 100 years you will still have 1 gold pepper. If you buy a farm, in 100 years you'll have a farm, and 100 years of produce. You can buy a farm, and get money from it, selling the produce, even if you never sell the farm. Long term, it'll pay for itself. Gold will never give you anything, unless you sell it. And the only way to profit from it is if you find someone else that thinks it's worth more than you thought it was worth when you bought it.
A farm is an investment. Gold is not.
Gold is often called a "hedge" (since it isn't really an investment). Problem with that is that there is no correlation between gold and equities at all. If the world is ending people won't be using their gold to "hedge" risk, they will be using bullets and weapons destroying themselves instead. Therefore gold is pretty useless for the long term investor, now for the speculator....
It isn’t today, but it was 30 years ago when we paid 400 an ounce....lol
Gold IS Money!!!
slhines7 It isn't.
Gold is only worth what we deem it worth. Similar to cash, although it does have other meaningful uses. In the midst of a market crash, however, the demand for gold goes down making the current supply more accessible which causes the value we assign it to go down as well. If you are set on investing with the mindset that the market will inevitably crash then you have to invest in things that will be in high demand after said crash, and gold is not one of those things.
Jason B. In your opinion, what will be in demand after said crash?
Jason you couldn't be more wrong in all times of uncertainty and instability people have rushed to gold and always will, how ever to put all your eggs in one basket would not be wise.
The best foam of money ever
Dollars use to derive it value from gold...
Isn’t land similar to gold? Has many uses and limited supply?
They are both "real assets" but land has no liquidity or transport ability. You also have to pay taxes and opens yourself up to liability.
Gold is at $1,850 now. It was under $500 then
This is from early 2011/ late 2010. You may want to look again at what price gold was a decade ago.
A great man, with seriously crooked fingers.
DontTestTheX probably played basketball
Ka tai Ho lmao
Arthritis bro. They fuck up the joints.
Rheumatoid arthritis
Starts at 2:10
Play long. No leverage. No shorts.
Oooo man you r real diamond... Jack i love u man you r real gold... I invest in you... nd your Vanguard indexes
Great advice especially given the times we’re in now
Right long term investment, i.e. Gold.
Certainly if you don't think you can predict an economic down turn such as happened in 2008; when gold was 600 and rose to 2000 by 2011; then don't invest in gold which is not exactly an investment it is a safe haven which won't crash with the rest of the economy; 2008 is the perfect example. If you do have reason to believe there will be a major down turn then gold is just as smart a move as it was in 2008 where it's value rose 300% while other investments lost half their value or more. Mr Vanguard here makes no money on selling gold he makes money selling stocks. While weathering the storm may work out in the long run; it is clear if you see a down turn - you shouldn't sit by and lose half your value if you can triple it instead.
90% of your portfolio should be stocks. But if you ask me to choose between a government bond or gold for the other 10% I’d choose gold. Bonds are debt instruments . Governments can’t produce anything so they either tax or print money with a short fall. When the money is printed gold prices increase.
Whether it's gold or crypto, people are very happy to dump money into speculative, non-productive, assets. I'm not against owning a small percentage of physical gold and silver in my portfolio as a hedge against some economic catastrophe, but it's not an _investment_
Gold is a form of savings, for those that understand why they are buying it. It's not a traditional investment and it is a long term investment. As for people who bought at the top and saw gold go down, if they sold, they lost, same as with any investment like stocks or real estate. You can't fix dumb money.
They should listen to Bogle.
If you have a significant size of wealth, it's not bad to put 5% in Gold just as a contingency. In fact Jack did exactly that to that college endowment fund. But an endowment fund ain't no average investor. The ones who sell gold and gold ETFs will teach you all the ins and outs of the commodities game, but they will never discuss if you should play the game AT ALL for an average investors portfolio size.
You're welcome for saving you those high expensive ratios/storage fees.
11 years ago when gold was sitting at all time highs of course people were hitting by that bug and I’m sure they sold when it crashed down to $1200. Im a fan of gold as more of a collector than a investor, hard to make money in this market, but there are way with low mintage and graded coins
Nothings changed
I remember that year nothing happened till 2018. Don’t sell always hold long term.
When will people realize that gold is not an asset appreciation tool? It's an asset preservation tool.
Mr. John C. Bogle, For the People!!
Hero. RIP, Master.
Gold is insurance, not investment. Stocks are also speculation, not an investment. Jack Bogle recommended holding 5% gold in permanent portfolio.
Gold always have an intrinsic value because it is real money.
As long as economy expands gold will cost more...
Nope
So wise!
Bogle is largely echoing what Warren Buffet has been saying about gold. Although, as a gold and silver bug I'm inclined to disagree with these astute men. Precious metals are a hedge against paper assets. Basic economics tells me I'm right, so long as governments and their reserve banks have the ability to expand their monetary base indefinitely, the nominal value of hard assets that are difficult to replicate are all but guaranteed to increase in price over time. Any man worth his lot in life rightfully ought to recognize that stocks, bonds, and the fiat currency which they are denominated in (powerful tools as they may be) are still nothing more than numbers and characters on a computer screen.
They all fake. They all own gold.
lol gold is an investment, its just not the best thing to use to fight inflation. its smarter to buy aapl. ofc, this is hindsight 20/20, but its likely aapl will still beat gold in the next 20 years, but both will rise. therefore gold is still an investment.
Jack Bogle not John.
Wish I was a young bucc learning the teachings of MR. Bogle. I’d be well off at my age
What he told us is similar to what Warren Buffets have always askes to do before i never invest
I wanna catch those waves of cinnamon
Gold is money
Here we are, 6 years later, and where was the double dip????
1968-80: Gold appreciates by 22%/year.
1980-2006: Gold returns 0.3%/year.
2006-16: Gold returns 6%/year.
Gold has not outperformed stocks from 1981 to the present. Gold pays no dividends. The negotiability of gold cannot be guaranteed. That is why I take no interest in precious metals.
2018-2022 50-75% gains..
alnot01
+1
gold NOT an investment!
Gold is At best Insurance . (only IF you are paranoid that the 'Fedreral reserve is driving us in to Hyperinflation' LOL)
I used to be really big on gold and precious metals in general. But I am beginning to share this view. Gold is typically bought for a doomsday/market meltdown scenario. This makes it seem like a safe insurance policy even if it does not generate good returns in normal markets. The downside, like you said, is that there is absolutely zero guarantee that gold will be negotiable in a meltdown scenario.
How wrong you are, gold outperforms SPX and DJI since the 2000's.
@@Omariau The DJI is outdated.
SPX = S&P500?
Wilshire 5000: 4467 on 12/31/1999, 14906 on 6/18/2020. ln(14906/4467)/20.5 = 5.9%/year.
Gold: 29025 on 12/31/1999, 171950 on 6/18/2020. ln(171950/29025)/20.5 = 8.7%/year.
Gold: The price of gold is about the same today as it was in early August 2011. Hence gold cannot have outperformed stocks over that period.
Hence the only period since 1980 to the present when gold outperformed stocks was 2006-11.
A less then impressive track record.
I mean, he’s not completely wrong.
I clicked like before even watching.
Gold is not a speculation!!!