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- เผยแพร่เมื่อ 30 มิ.ย. 2013
- Ron DeLegge, Editor @ ETFguide.com talks with John Bogle, investing legend and founder of the Vanguard Group about the emergence of exchange-traded funds or ETFs as investment tools. Bogle's latest book is titled "The Clash of Cultures: Investment vs. Speculation." #Investing #ETF #JohnBogle
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That man has the coldest gangsta lean of all time.
He got that paper.......so, he is wearing his (virtual) crown
Amen
When you set up a company with over $3 trillion in funds and out performed and undercut active fund investments over in a 40 year period. That’s pretty gangster.
LOLLLLLLL!!!
I like how Bogle is soo simple and honest and forward. No BS.
Never met this man. But I loved him.
great short interview. also good job treating mr bogle with the respect hes due
Interviewing with a group like "ETF Guide" and telling them, "the basic selling premise of your product is flawed."
Dude was confident as hell. We miss you Jack.
On the other hand, what if Vanguard actually listened to Jack's anti-ETF bias in the early 2000s? How many people at Vanguard would be un-employed? How many ETF investors would be stuck with limited low cost choices?
Bottom line: Vanguard wouldn't have an ETF business with $1.5 trillion in AUM as of early 2021 had Jack been still running the show.
@@etfguide - Just because something is popular doesn't mean it's a good idea.
@@colin1818 Seriously Colin...only a pessimistic grump would believe that broadly diversified ETFs that offer the convenience of intraday liquidity, the flexibility to hedge (if you want) and even lower costs than almost 100% of mutual funds would believe ETFs are a bad idea.
@@etfguide Spoken like a true salesman. I don't necessarily believe that ETF's are a bad idea. And even Jack didn't say they were bad. He just wasn't a fan of trading them because, unlike traditional funds, they allow you to trade throughout the day on the exchange like a stock, as you know. They can be great building blocks for a sound investment portfolio, but their inherent flaw (for the long-term investor, that is) is the ability to trade them which allows human emotion to enter the equation. It causes people to make mistakes. They trade when they shouldn't. They sell/buy and turn themselves into market timers which hurts their returns over the long term. As long as you don't trade them, I think (as Jack also said in another interview) that they are fine. Whether you put your money into a traditional S&P 500 index fund or an ETF that tracks the same index, so what. But if you're building a retirement fund, and have no intention of touching that money for years, why pay for the ability to be able to get in & out of the market & possibly make mistakes? The "convenience of intraday liquidity & the flexibility to hedge" are dangerous to the long-term investor & run contradictory to what people should be doing. Buy & hold is eternal as Jack Bogle said. But if you're using ETF's to play the market with something other than your retirement money, and you want to be able to have some fun, or else simply buy/hold & not trade, there's nothing wrong with ETF's. But for true long-term investors, ETF's are OK as long as you make a blood oath to yourself that you won't trade & tinker when the good times no longer roll. Personally I'm sticking with traditional index funds as I have no desire to trade/hedge. I just want to be able to retire with dignity.
@@Oivey2000 here in the UK some investment platforms have lower charges, if you use just etfs instead of traditional open ended funds index or active. For example Fidelity UK cap their platform charge at just £45 per annum plus of course £10 dealing fees to buy or sell the etfs. So if you had £100000 invested in your account, just £45 account charge a year. But with Vanguard UK, which is a low cost platform you pay 0.15% on all your money invested. So on £100000 you pay £150 per annum, as apposed to just £45 plus dealing charges. So a 2 or 3 eft portfolio could work out much cheaper depending on how much you have invested. So yes for someone starting out Vanguard UK makes a lot of sense especially if you are pound cost averaging, investing a regular amount each month until you amass a certain amount in your account
John Bogle is a LEGEND!
Yes he is.
I'll be damned. An old man who's not a self absorbed ego maniac going on and on about how long he's been in the business!
Yet he's one of the ones who could do that the most, given what he's accomplished
Yeah I wish I knew him instead of idiotic buffet
He's not an old man, tat's John f"ing Bogle, one of the best human beings on the planet
@@kevinotero2141 lol. Some TH-cam idiot (yes that’s you) calling Buffett and idiot. 😂
simplicity wins
buy and hold, got it
Is this the best strategy to make profits from ETF?
@@souiritv8355 For any TIF & ETF yes! Common stocks probably not.
@@brianjones9487 thanks .What do you think about lumentrades broker?
@@souiritv8355 I don't know anything about Lumentrades. I use BlackRock, Vanguard and Robinhood.... I have used ETrade, BroadRidge and Computershare, but never Lumentrades... So I am useless on that broker just watch the expense ratio anything above .30 mgmt fee and any expense ratio whatsoever specifically nowadays where companies almost never charge an expense but a annual mgmt fee is bad.
@@souiritv8355 Absolutely not. Buy and hold worked last century, but that strategy is now called buy and pray. The strategy that has worked all the time is buy low, sell high. When the market starts down, why continue to hold? Dumb idea. Get out and then get back in when the market starts back up again. The best way to do that is with the 3X ETF bull and bear pairs, which means you make profits both ways, without the use of options. The catch, however, is that you have to have excellent indicators that give precise timing. It takes work, but you can find them.
thank you John.will take your advice.
Great short video with John Bogle. Great man with great books.
ETF’s are way more stable than any individual stock period.
Don't mistake volatility with risk.
@@4digits678 Exactly!
3x leveraged ETFs determined this to be a lie
@@THICCTHICCTHICC Not in the long-run.
@@THICCTHICCTHICC how's that 3x leverage looking today bud? :)
This is fantastic.. I watched this video in the past but never realized it's our awesome Ron as the host...!! Thanks to Greatest of all Time Jack Bogle sir to inventing index funds for simple people like me..
Glad you 👍remembered. JB was a straight shooter and absolute legend. RIP and his indexing work lives on. Best, Ron
I love ❤️ Vanguard ETFs !
Another big difference between ETFs and index funds is that you can’t set up automatic investment programs with ETFs. It can make for a more difficult average cost investing strategy.
Plus, If you plan on putting money in on a biweekly or monthly basis, you can’t buy fractional shares of ETFs, and you have to be diligent about doing it each month, etc.
Index funds on the other hand, like vanguards S&P 500 admiral shares - You can set up automatic investment and forget about it - Which is really the whole idea.
Here in the UK with platforms like Fidelity UK, you can set up regular monthly investing into etfs and buy fractional shares of etfs, even Vanguard etfs. But for some reason Vanguard UK doesn't allow you to buy fractional shares of their etfs on their own platform, and they don't do the Acc versions of their etfs, which other providers in the UK do. Also Vanguard UK doesn't provide the option to automatically reinvest dividends, or income. This makes no sense, don't provide the Acc share classes of etfs and at the same time don't do automatic reinvestment of dividends. So if you invest in etfs on Vanguard UK account, you will have to manually invest any income, dividends and can only buy whole shares of the etfs. This is extremely inconvenient to say the least
VOO great etf. From his point of view it makes sense not to trade because you’re just passing the ETF around through trading and forgoing paying expenses on it.
so an etf is good but just as long as you hold long term. it seems like etf is not good for ppl who give into temptation or are inpatient?
Passive investors should not be impatient.
Fed could you expand on that 60k statement you made..
base on your comment, i believe youre below 20 year old boy... i recommend buy and sell for you short term. if you have ahead of time mindset. better buy hold.
How about investing in etf periodically? Maybe monthly? Is kt a good idea?
@@rbc5304 yes, that way you buy when it is high, but also when it is low. you won't generate a lot of longterm returns without regular deposits
Yes it's time not timing. Pay yourself first
Thanks for the advice, sir. (loads up on ETFs)
God bless his soul, he’s still giving us VALUABLE ADVICE even after he’s long gone.
B.S. take Two positions. Say high yield riet etf and silver etf. Mean reversion trade them. Sell off higher one and buy into cheaper one... simple trading strategy.
Another strategy. Buy 100000 worth of high yield etf. Sell off as price goes over, buy in a price goes under... some volitility will boost your returns huge in long term..
You do not give to be smart to follow simple swing or day trading strategy...
Sure for the most part buy and hold high yield stock, reit, bond etf... but some trading can seriously boost returns..
Misleading title! He recommends to buy and hold them.
+brco2003 I dont think so. Trading ETF is selling and buying them on short term (hourly,daily maybe up to weekly)
Holding ETF is not trading per say. It's just like holding an asset.
+brco2003 I disagree - the title isn't misleading at all. When he says "buy and hold," he's referring to continuous investment and growth, not actively buying and selling in order to try and time the market correctly and beat it. That's "trading." This is Jack Bogle speak, and anyone who understands the difference between passive and active investment philosophy understands this.
Not misleading at all. You don't understand what trade means. If you listen to him you would realize your mistake.
Yes, he did say not to "trade" them, so the title is not incorrect. I said the title is "misleading."
It is not misleading. The issue is your lack of understanding what trading is.
Thank you, sounds like good advice
Great job--very pro!
There is a general misunderstanding in the comments on the what Bogle means by buy and hold. Unfortunately, this misunderstanding generates confusion about the title of this piece. Buy and Hold is the strategy of purchasing a security and then holding it for the long term -- perhaps over 40 years.
Do not! he says, sell it when the market turns sour.
As the founder of the first general index mutual fund, he has always been an advocate for index investing. His view remains the same. *Do* invest in an index fund. However, do *not* SELL it when the market turns south. In the long term, one is better off remaining in the market. And, yes, investors are generally bad market timers.
While the title does suggest 'Don't trade ETFs', it does affirm his core belief - buy an index product but don't sell it. Rather hold it for the long term.
He does say this - and for most people it's absolutely the right advice (because most people are hopeless) ... However Bogle himself actually market-timed the Tech Crash successfully ... Earnings yields on stocks were on the floor, while risk-free bonds were yielding much higher ... So I think Bogle moved to 25:75 stocks/bonds - successfully avoided the Crash ... His returns over the 21st century so far will be much better than most buy-and-hold investors.
Thank you, Mr. Bogle. I like that advice!
John Bogle knows that the average investor has a hard time staying the course, so he doesn't like the fact that you can get out of ETFs in the middle of the day if you see the market tanking. He was being kind, a new investor would hurt himself by jumping in and out of ETFs. Stick with index funds and like Jack says, buy and hold!!
Mostly true but I'm going to hold on IT ETF and take the discipline to HODL as my aggressive mutual fund (got a balanced retirement based on index fund too). The rate of return is so awesome on the IT ETF that even if it tanked I wouldn't sweat it a bit long term. Also high share price helps because trading costs money per trade and paying taxes on dividends is also an issue. So once I get 100k (which is the minimum to go to mutual fund otherwise I agree with your post) I would roll over to Admiral shares. You need discipline but for that return I would.
@@krstrid Your strategy will beat most handily
What symbol? For the IT ETF
Stephen geraci
John Bogle was a remarkable man, very astute
S&P 500 index Mutual fund is best, because 1) very low expense ratio (because of passively managed) 2) low turnover ratio (meaning less trading -> less transactions that generate tax expenses) 3) broadly diversified -> the key is to buy and hold and enjoy the compounding of interest, here is the explanation of the above few points
1) 80% of people have a better return of index funds than actively managed fund because of the low expense, the key is, we can not control the market return, but we can control the costs, the real return is the market return minus costs and taxes, because of low costs, we will end up with more money to reinvest (any fund with an expense ratio more than 0.5% is a big NO, index fund expense ratio is usually between 0.02% ~ 0.05%)
2) broadly diversified because it is benchmarking S&P 500, which comprises of the top 500 companies in the US that occupy 75% of the US economies. the chance of all the top 500 companies will perform bad is very unlikely, because the whole US economy will crash, and the Government will do something to push the economy back up, the key is to HOLD, if you hold on to it, it will go back up, never time the market, that is how people lose their investments,
conclusion: it is better to learn and educate yourself, plenty of books available, listen to the advice of the billionaire, because they have the experiences of becoming billionaire. Not just one billionaire John Bolgle who have said index fund is the best, plenty of millionaire and billionaire have said that, but then again, this is for passive investing
John Bogle was never a billionaire or even a 100 millionaire. He's a legend precisely because he was an idealogue who never charged massive commissions. He could have easily been one of the top 5-10 richest people in the world if he had run Vanguard like every other hedge fund manager runs their firms from a fee structure standpoint.
Please what is the symbol to trade the S&P 500??? I could buy directly at Fidelity (I have my account there) and what do you think about IWV Russell 3000 and VTI they follow more companies no??? Thank you.
Reading the ebook now!
what exactly is the problem with specialized etfs?
FYI ETF investing nation, we just launched a new episode series called "ETF Battles." XLE (old energy) vs. ICLN (clean energy) is among our latest matchups. Let us know what ETF Battles you'd like to see! th-cam.com/video/r-0i1jOSC8U/w-d-xo.html
The only way to make any money in USO is to trade it, when oil goes up a dollar, USO goes up 20 cents, when oil drops a dollar, it drops more than 20 cents, in jan 2016, oil was $34 and USO was $9.80, end of march oil is 38.20 and USO is 9.70.
...would that be same ADVICE...for ...CED..(Closed-End-Funds)...!?..
Wonder what he would be doing in 2022-2023
All financial advisors will screw you. Invest in index funds and close your eyes
why would an investment fund manager have a good opinion about an ETF? because he already knows that ETFs are their direct competitor with a very low TER compared to a fund's management fee. Is it normal to have an inversely proportional opinion because he loses a lot of ground in front of ETFs :) could someone show me a fund that performed better than S&P ETFs?
Bogle basically says don’t trade... anything.
Thinking of buying the Vanguard IT ETF for aggressive growth as a second mutual fund. Got more balanced for retirement 30 years out but it's hard not to see IT skyrocket. Former IT guy myself.
Also since the share price is high the 7 to 10 bucks per trade isn't so bad if you HODL. Once you're up to 100000 go to Admiral shares. Anyway this is my strategy for growth. For what I invest it will be 50/50. One retirement fund is my walking around money in retirement, the other mutual fund pays for a quadruple bypass and pays for travel and money for down payment on real estate.
I wonder what he'd think about QQQ, which I think is better than his VOO.
Funny you mentioned QQQ. We just did an ETF BATTLES episode of QQQ vs. SPY. th-cam.com/video/otigPwGoOpY/w-d-xo.html
There are many reasons why index funds and ETFs did good lately; lower interest rates, easing monetary policies and a good economic environment in the U.S. This hasn't been the case in other countries, Japan, Netherlands etc. Thus, because they did well over the last 30 years, it doesn't mean that ETFs will do well over the next 30 years.
Bogle was just lucky to start his company at the right time, this is when interest rates started falling. However, I admire him for the lowering of fees! Great how he Bogled Wall Street.
Kind regards,
Sven Carlin, the investing channel for the professional, part-time and beginning investor.
So Doctor Carlin, if not ETF's, what shall the average investor hold in their portfolio? What do you hold in your own?
Regards
@@angusmac2037 Mr Carlin has left the building, he has no solution just criticism
What is him talking about?
VBAL all day, love that ETF- only one I own.
Misleading title; The title must be; John Bogle recommends to buy and hold ETF'S
Yes, buy index funds when valuations are inexpensive and hold until valuations are full/overvalued.
Kurt Holloway Dont attempt to time the market
Seyo.Official Productions Holding equities in high valuation and riding it all the way down to low valuation may not be wise. Do you think the best investors do this? Is this an excellent market strategy? Should you buy equities in a rigged equities market that is overpriced. How would my performance have been in 1929 or 1966 or 1999 or 2007? Do you continue to buy overpriced equities in a market that is unhinged from its fundamentals? Timing the stock market has put me in an excellent position currently. If other investors want to continue paying high prices with market internals deteriorating that is fine. But I will sit out even if it means no returns. I personally, am not excited about the unattractiveness of this market at this time. I have decided to choose when to deploy my capital at a more appropriate time to gain exposure in the future at a lower valuation market that is likely to capture better cash flow opportunities. As investors we must gage our risks based on valuations, history, indicators and likely outcomes tempered with our personal goals, age and knowledge. History is probably on my side here under current conditions. If someone knows more, please help me understand.
Kurt Holloway I agree with your premise. Only flaw is that how long do you think it will be untill you see attractive markets again? So youve been sitting in the sidling for at least 3 to 4 years. Becuase the markets been detatched from fundementals for at least that long.
I dont think so. I dont think your discussing fundementals. I think what you really are talking about is a bearish sentiment in the short term that will provide you cheaper prices
due to covid-19's effect on our economics. Staying cash heavy relative to that makes
sense. I agree actually. I just was exposure to
the market in case we are wrong. And if we are right awesome. Every check buy some more stocks While they are on sale. Im not trying to time the market. I also only 22 time is in my side and i only
have 12k to invest because the military pays like shit
We know that historically every boom eventually leads to a bust particularly when there are large debts involved.
Good and great man, rest in peace.
A number of our viewers have been super concerned about the impact of the #coronavirus on their investments. Check out our video "Is Your Retirement Cushion Big Enough?" (th-cam.com/video/NwECwdnEs-Y/w-d-xo.html) and "How to Make Money When Stocks Fall." (th-cam.com/video/NA4zi4h4aYU/w-d-xo.html) BTW, we publish new episodes every week, so be sure to subscribe and share ETFguide TV with your friends and family.
Broad market index broad market analysis best way
What does "the investors doing a little worse than they would owning the regular S&P 500" mean in the context of buy and hold? So someone who buys and holds SPY is okay in the long run, but investors who buy regular S&P 500 are what?
John Bogle, had a bias against ETFs from his early 2000s statement that "ETFs are like handing matches to an arsonist" up until his death in 2019.
In this interview, he begrudgingly endorsed ETFs. And anyone that inaccurately claims Bogle was an early supporter or fan of ETFs - even broad based index ETFs, is misguided. Bogle built his career around the mutual fund structure. So it's not surprising that he would favor that over ETFs. Most of his books, including Common Sense Investing, Enough, etc. all decry the rise of ETF investing.
That doesn't make him any less great. And he's among the investing greats mentioned in my book HABITS OF THE INVESTING GREATS. Best, Ron D. www.amazon.com/gp/product/B07T2PJDN3/ref=dbs_a_def_rwt_bibl_vppi_i0
it seems most people these days don't buy and hold or the ones who do you don't hear about. if you want to resist the temptation of trading etfs, you should be better off going with an index fund.
Hmm just checked gold ETF and its crushing broad bond index for decades.
Don't trade them? lol. Anything can be traded. Its a matter of commission costs, volatility and liquidity. A bad trader is going to lose money in every market.
+yourtub Jack Bogle isn't saying that they cant' be traded, he's simply saying you shouldn't trade them since it's nearly impossible to consistently beat the market, even for financial experts.
Yes it can be traded but it doesnt make u prosper if u just trading it. The real key to prosperity is buy and hold long term
is 0.48-0.67% management fees considered high?
Which ETFs are you specifically referring to? Keep in mind, COST is only one component of the equation. There's other key factors like taxes, performance, etc. Please send us the specific ETF ticker symbols you're comparing for consideration in an upcoming episode of #ETFBattles th-cam.com/play/PL2nQqIxm8RGD_gfMErNiiQYrOhIIMIEwu.html
@@etfguide Thanks heaps for your quick response! The ETFs i'm looking at are the Betashares NDQ; HACK; ASIA; RBTZ.
@@AarTinOo Got it. But you need to give us your head to head matchups. For example, I want an ETF Battle between NDQ vs. HACK. You need to give us your matchup requests. Ideally, the ETFs will be in the same general category. Check out some of our #ETFBattles to see how we analyze and judge funds. Also, please subscribe and tell others about ETFguide TV! Gracias
@@AarTinOo FY AD...RBTZ will be featured in an upcoming #ETFBattles here at ETFguide TV within the next 1-2 weeks. Stay tuned amigo, you asked for it!
Yes. Very
This guy is a hero.
Title should be: John Bogle says: Buy and Hold ETFs
Can we buy and hold individual stocks too ?
legend
DOESNT vanguard have EFT'S now???
todd smith yup
Listen he mentioned it
@Ed ...or Frozen Concentrated Orange Juice :)
Is he talking about crypto?
No, he's not including crypto. Crypto is not investing, it is speculating that an intrinsically worthless investment can be unloaded onto somebody else in the future for more than you paid for it.
If the market tanks in one day, one can sell his ETF shares and get out. If you're holding mutual funds, you're riding that train to the bottom because they settle at the end of the day.
Amen Joe! The flip side argument is one shouldn't panic sell, especially in a falling market. This is why I teach the importance of having a pre-established set amount or what I call a "margin of safety" $$$ amount inside a portfolio that is 100% liquid, risk-free and volatility free. Thanks for watching! Ron
Joe Tart
Investing is supposed to be about the long term, buy & hold. Market timing is a fools erand. If you sell when the market tanks, what happens if it shoots up the next day or next week. How will you know when to get back in. So you sell and you are now showing a loss. Then the market rebounds, to late to get back in now or you will be buying at a much higher price than you sold at. So you are now worse off than if you just held. You need to decide on a sensible strategy, based on your risk tolerance, time frame and your goal. Then stick with it, stay the course, just rebalance once a year
I have one of their etfs he better be right lol
+Love Rose- Which ETF do you own Rose?
buy and hold, buy and hold, buy and hold
Yaaaa
Stay the course
@@colin1818 I am still buying and holding
VTI VTI VTI
FUCK THAT. I LOVE ETFS
I see where he's coming from. He's worried about the diversification of specialized ETFs. However, you can build your portfolio with a variety of different ETFs.
His point is that the principle of indexing is eliminated when you slice and dice too much. You're nothing more than an actively managed fund at some point. Somebody is making the decision of how much to weight one stock group against another. And making emotional decisions of when to buy and hold.
The beauty of indexing is that you eliminate all that noise.
which vanguard etf tracks thè s&p 500 he mentioned?
voo
Although many people like VTI which is very close to VOO
as old as the hills, with a mind as sharp as a 21 year old
etf have costs and the buy and hold long term u will slippage and the long term it adds up
Wrong. He helped design them & they make a killing if you do it by sectors with a smaller basket of holdings
FYI, John Bogle was instrumental in the launch of index mutual funds, not ETFs. You could make an argument ETFs wouldn't exist with index mutual funds...but Bogle from the very start was never a supporter of ETFs. Thank goodness Vanguard didn't listen to him in the early 2000s!
I traded ETFs to get more ETFs
...and someday, you'll trade less ETFs to get less ETFs? Asking for a friend.
@@etfguide e.g: In march 2020, I got 100k invested in an ETF at Y prices. I put a stop-loss order when the market went down I got Y - Y*5%. then I bought it back in when it was Y-Y*30%... I now have more shares in that ETF + plus all the dividends from the extra shares than I was last year :)
@@l33tr4n55 Nice trade Lee! Well done.
@@etfguide I think that's what missing from ETFs, capital protection. I have to do it manually till we have an automated system
@@l33tr4n55 You're spot on about protecting your capital. I evangelize this regularly on this channel - I call it your "MARGIN OF SAFETY" which applies not merely to how a person selects securities, but how they manage an ENTIRE portfolio. And all portfolios should have an adequate cushion or margin of safety. Best of success to you and be sure to subscribe to our channel if you haven't done so already. Take care, Ron
P.S. I offer a margin of safety worksheet in my online class BUILD, GROW and PROTECT your money. It's quite useful in calculating your MOS. Check it out. etfguide.teachable.com/p/build-grow-and-protect-your-money-a-step-by-step-guide
What if someone figures out a way to take advantage of all those broad-market buy-and-holders? I fear that given the rising inflow of funds into passive index funds "they" may have already accomplished that. For example, something like a market manipulation strategy where a bunch of big traders holding specialized volatility derivatives make money at the cost of the broad market which buys-and-holds while they keep rocking the boat (the more people behave passively, the easier it becomes for few to rock the boat in whichever way they please).
clray123 in the end. It's all about the companies that comprise the index. More than likely they are going to grow over the years. Sure, rich entity may be able to "rock the boat" and cause the index to fall, that's a big if, but in the end, the market will go up again.
November 16 2019..are they still crap?
LOL, guessing you didn't watch the video. Fool
Buy and hold
We'll said..
FYI community, we posted a video about another investing great named Anne Schieber. She turned $5,000 into a $22 million fortune. th-cam.com/video/SmkLO8F5-QU/w-d-xo.html
HOLD through a downtrend like in 2008 ? That's debatable
Look what the market has done since then... Those that jumped off got screwed. Those that held, and especially those that bought, came out far ahead.
That’s exactly what you should do. Still hold. Because so many times people “sell” because the market is obviously bad. But they don’t think of the other half of the equation: when the market will be “good”! No one knows that. And it’s so possible that people stay out for so long that they just don’t get back in at the proper time.
I’ve sold many stock many times but I never knew when to get back in. I regret it so much.
What you should do I think is to buy MORE since it’s essentially on sale.
YES, add when low, dollar cost averaging. By trying to time the market you will just be losing out as you will never know the right time to sell.
It's not debatable to anybody that's followed the numbers. Following the 2008 downturn the majority of the market came back in 9 days. However, those 9 days were spread across a great many months and you never quite knew when we'd have a big surge back up. Those that tried to time the market missed several of those days and thus never maximized that rise. There's a reason that indexers consistently outperform active managers.
Invest for the long term. Stay the course.
March 2009 , we jumped back in after it bottomed out.
ETFs are NOT mutual fund investing
True but some products are only available with a high minimum as a mutual fund or an etf only. If you HODL and don't buy I individual stock but just the ETF share it's no problem. Just don't get greedy... think long term.
Been selling index funds last month, switching to ETF when the collapse is over
Igor: FYI, if you own Vanguard index mutual funds you could convert to the corresponding ETF share class with no fee. We just did a new video all about this with Vanguard's head of retail. Please check it out, share, and subscribe to our channel! th-cam.com/video/fB9-PKpbw38/w-d-xo.html
Buy and HODL like btc lol jk etf and index are great for a portfolio
Full disclosure: It was crypto-currency enthusiasts, NOT indexers, who invented the cleverly funny moniker "HODL."
The dude looks like he's 90, but talks, moves and acts like he's 40
BUY AND HOLD :)
ETF Hostile Takeovers
NO body can beat the market .Timing the market and picking individual stocks is a losers game as markets now are very efficient as all information is discounted in the stock price due to internet and globalization .Best is to go for market average and buy and hold all the stocks by buying a global stock market low cost classic cap weighted INDEX FUND for the long term .INDEXING is the only winners game.
Not entirely true. Some professional investors make index funds the core of their portfolio, but they invest in individual securities, too. This strategy sometimes works for experienced, disciplined investors who can tolerate a high level of risk. Don't get me wrong: I'm a diehard Vanguard guy, but some personal investors take the indexing gospel too far. Index funds are great, but it's possible to make intelligent decisions about individual investments.
I think you are Steven Seagal
Yea I have a few different value indexes like SPHD
And a few value stocks like McDonald's and BRK.B
You can beat the market simply, but not easily. It requires shit ton of work that I'm not willing to do. I rather throw my money into index funds/ ETFS and go swim,lift weights or watch a movie.
Tell that to Jim Simons and Renaissance Technologies.
R.I. P. Jack.💯💕❤️😊🇺🇸
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Buy broad & hold
Triple leverage all the way!!!
Plot twist. He’s lying to retail investors on his topic to benefit large institutions. Buy and hold to pump it up so my friends can make money then dump our shares leaving you retail investors as bag holders….
So don't trade them and eat a full blown recession? Got it
Doesn't matter in the long run! Statistics show that the stock market (ETFs) grew 7%/year on average over the last decades despite recessions and crises. Yes, if you're in for the long game you sit through a recession and most importantly you continue to invest during an economic downturn.
Yes, take a drawdown of 70% or more. It’s good for you.
And miss a full blown recovery.
Time and again research has shown that people doing as you recommend think they're being smart. But they typically miss out on all or some of the rebound.
This economy is going to crash in a major way get out of the market
The irony is that this comment was 2 years ago, when the S&P 500 was around 2400 points. As of writing this comment, the S&P is around 3000 points. If someone listened to your comment and followed your advice, they'd have missed ~25% returns in 2 years, or 12,5% per year over 2 years.
Suppose you made that comment early 2008. Sure, you would've been right, and someone getting out of the market early 2008 would've avoided the 2008 global financial crisis, when the S&P 500 dropped around 50% in one year. However, if someone was holding S&P 500 and held it through the 2008 financial crisis, in 2013 their investments would've been at pre-crisis levels and climbing like hell.
The problem with trying to time the market is that, in hindsight, it works great. But the problem with hindsight is that it doesn't help predict the future very well.
I'll take John Bogle's advice over yours.
I agree. Buy low and sell high. The buy and hold strategy did not pan out in 1929 did it?
@@kh485 technically it did if you held it until the 40's
Sean Gallagher Technically, however, ppl lost there jobs and the government confiscated gold. Didn’t have money to invest and completely lost faith as companies went bust. Those positioned well with foresight eventually did just fine.
@@kh485 - It did work out. You just had to have a long enough time horizon where you could hold through the crash and the recovery. But that's the point - you stay the course. You buy and hold through the crash and you keep buying. DCA means you'll buy a lot of equities at rock bottom prices.
Of course, they didn't have index funds back then. But had they existed it would have been a different animal for somebody that bought and held.
False Narrative. Buy and hold an ETF! Leveraged ETF are a short term investment because it is rebalanced daily. Maybe I'm seeing this in the wrong way.
Hi Jason, unlike mutual funds, the trading activity of one ETF shareholder does not impact fellow shareholders. That means two ETF shareholders with opposite viewpoints can own the same ETF, with each achieving their own unique objective.
For example, shareholder A could be a short term ETF trader whereas shareholder B could be a long term ETF investor. Although both have entirely different outlooks and goals, they are both using the same ETF vehicle to achieve their goals. This doesn't happen with mutual funds.
This also speaks to the structural superiority of ETFs over mutual funds...because the short-term trading activity of shareholder A in this example, does not negatively impact the tax situation for shareholder B as it would with a mutual fund held in a taxable investment account.
This is a very different and mis-understood part of ETF investing because the typical expectation is that shareholders are buying an ETF with the same goal. The beauty of the ETF structure is that it's so robust and flexible that it can even accommodate shareholders with two radically different goals.
Who trades ETFs? lol
Are you kidding?
Even after the longest recovery in history, the ten year trailing investment return on the S&P 500 is 6.82% annualized. Sorry, but you can do far better than that in any number of great sector funds. Buying the S&P 500 is like betting on every horse in a race.
You can also do worse than 6.82%.
The average investor only does 1% annualised after inflation, while the average trader returns nothing .. So Bogle's advice is absolutely right for most people .. But as one of Bogle's heroes, Cliff Asness, demonstrates: you can do better if you stick to proven academic concepts (and as Jim Simons proves, you can probably do a lot better sticking to unproven ones - but you do have to be pretty smart).
No, it's like having ten cows and everyone pours in money that produce more milk, cheese and have calfs. Portfolio grow just like the population
Hey Brendan, do you think you could cite your source for it? Looked it on google but can't find.
BS!!! ETFs are the BEST vehicle to trade!!! Fuck this shit!!!