Jack Bogle: Lessons Learned from the Great Stock Market Crash

Jack Bogle, the founder of Vanguard investments is a legend in the investing space. He popularized the index fund in a way that leaves more money in the investor's pockets and less in the big financial firms.

While he was alive he did a ton of interviews and left us with a lot of great life and money advice. In this video, we'll go back in time to hear Jack's wisdom on recessions, stock market crashes, investment risk, and many more topics.

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1. Jack Bogle on economic recessions: I think you should invest for the long term. If you're investing for a lifetime then you know in that period there is going to be a certain number of recessions and booms. That's the way the markets are. To try to get in at the bottom and out at the stock market top is simply impossible for anybody. But it's a very good bet that stocks will do significantly better than bonds over the long term.

2. Jack Bogle on investing in a dangerous world: In regards to worrying about everything going on around the world that could impact our portfolios- All of those things are worth worrying about, but you don’t know and I don’t know what’s going to happen with any of them. The market doesn’t know what’s going to happen with them. Nobody knows. So you have to put them out of your mind and forget it.

What you want to think about is how much risk you can afford…and that’s very much a personal thing. It has a little bit to do if you’re investing regularly and things like that.

3. Jack Bogle on investing risk: Known vs. unknown risks
Known unknowns and unknown unknowns. “If there’s a nuclear war it won’t matter very much whether you own stocks or bonds”. The unknowns are frightening, but invest you must

The one way to assure that the value of your retirement is $0 is to not invest a penny…and $0 is guaranteed. So you have to put your money to work. Even cash isn’t going to help you if things get really out of control.

It's a frightening fragile world out there. So you can sit there and worry about it all day, but you kind of have to get on with your game, prepare for your future, and hope those things don’t happen because you can’t do anything about them anyway.

4. Jack Bogle on what a retail investor should do: It’s the best thing that could ever happen to you.
You want a long time to invest at low prices. In the long run, investing depends on accumulating money at sound prices and not inflated prices as we have.

I also think that the general economy and the financial markets are well served by a return to reality. When you leave reality and depart from the laws of gravity there are nothing but bad things that can happen. And the higher you fly the more you fall. It’s a blessing that we’ve come back to the ground.

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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.

#JackBogle #VanguardInvestments #IndexFunds

[JarradMorrow]

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[mjchristian]

A man with passion but no greed! Thank you Jack!

[robinrothe]

I wish I could like a video more than once. Thanks for the reminder “nothing is ever as bad as it seems and nothing is ever as good as it seems.”

[russellshaver]

Jarred, I love your channel bro. I always look forward to seeing new videos. Also, get Molly out for her long walk, that you promised.

[vin.handle]

"I don't know anyone who has successfully timed the market and I don't know anyone who knows anyone who has successfully timed the market." - Jack Bogle

[geoffgordon]

Going with Fidelity over Vanguard because of no minimum investment. The basic three index fund portfolio is working for me.

[Brian-pmvd]

Great video Jarrad! How's the mini retirement going?

[realmoneystrategies]

“Holy smokes” haha hint hint…Jarrad did you mean to say: “holy smokas this ain’t no…jokas?”

[songshuntan]

uncle jack is spreading his wisdom even after death, but volatility is definitely risk for those that need to draw down their portfolios unless you have a massive nest egg

[miguelrobles]

Being too informed for me is investing in TDF because I think is a good investment and you causing me anxiety because you called them garbage and now I want to do a 3 fund portfolio.